Golden Sky issues 2M shares in debenture conversion

Mr. John Newell reports GOLDEN SKY MINERALS ANNOUNCES CONVERSION OF DEBENTURE INTO COMMON SHARES Evanachan Ltd., a company beneficially owned and controlled by mining financier and founder of Goldcorp. Inc., Rob McEwen, has elected to convert its previously announced convertible debenture into common shares of Golden Sky Minerals Corp. Pursuant to the terms of the debenture, Evanachan, together with Mr. McEwen, has converted the principal amount of $220,000 at a conversion price of 11 cents per share, resulting in the issuance of two million common shares of Golden Sky. Following the conversion, Mr. McEwen beneficially holds approximately 9.0 per cent of Golden Sky's issued and outstanding common shares on a non-diluted basis. "Rob's decision to convert the debenture into common shares is a significant vote of confidence in our team, our strategy and the quality of our assets, particularly the Rayfield-Gjoll copper-gold project," said John Newell, president and chief executive officer. "We deeply appreciate his strong support and commitment to becoming a long-term shareholder. We remain focused on advancing our Rayfield project through our earn-in agreement with Boliden and look forward to keeping all shareholders updated on our progress." About Golden Sky Minerals Corp. Golden Sky Minerals is a Canadian mineral exploration company advancing high-potential copper and gold projects across British Columbia, Yukon and Ontario. Its flagship Rayfield project is located in a rapidly emerging porphyry copper-gold district and offers discovery-scale upside, excellent infrastructure and proximity to several of Canada's top mining companies.