Goldsky 61% through Rajapalot drill program

Executive Summary

• Goldsky Resources provided an operational update on its 2026 winter drilling program at the Rajapalot gold-cobalt project in Finland, reporting that 61% of the planned 10,000-metre program has been completed.
• The company has drilled 31 holes for 6,073 metres using four diamond drill rigs, with activity focused on infill drilling at the Raja and Palokas deposits and target-test drilling on regional prospects.
• First assay results are expected in March 2026, with the drilling program forecast to conclude in April 2026; the company also highlighted strategic progress on the Barsele project acquisition.

Key Details

• Drilling Progress: 31 drill holes completed for a total of 6,073 metres of core (1,210 m NQ2 and 4,863 m HQ).
• Program Completion: Approximately 61% of the planned 10,000-metre winter drilling program is complete.
• Rig Activity: Four diamond drill rigs are currently operating on site.
  • Three rigs are conducting 8,000 m of infill drilling to upgrade confidence in the Raja and Palokas Au-Co inferred resource envelopes.
  • One rig is conducting target-test drilling on priority regional exploration targets.
• Assay Status: Drill core from two holes has been submitted for assay at CRS laboratories Oy, with an additional six holes being cut at Palsatech Oy. First assay results are expected in the coming weeks (March 2026).
• Timeline: Drilling is on schedule for completion in April 2026.
• Safety: No safety incidents reported to date.
• Strategic Updates (Barsele Project):
  • The company announced an agreement to become the 100-per-cent owner of the Barsele project from Agnico Eagle.
  • A strategy session was held to define the 2026 work program, including a Preliminary Economic Assessment (PEA) for Barsele in Q4 2026 and an extensive drilling campaign on the Barsele deposit.
  • The Barsele transaction is targeted to close in Q2 2026.
• Rajapalot Resource Context: The update references the existing inferred mineral resource (effective Aug. 26, 2021) of 9.8 million tonnes at 2.8 g/t Au and 441 ppm Co, containing 867,000 oz Au and 4,311 tonnes of Co.
• Technical Details:
  • Core recoveries average close to 100% in fresh rock.
  • Samples analyzed for gold using PAL1000 technique (flame AAS) and multielement analysis (including Co) via four-acid digest ICP-MS at MSALABS in Vancouver.
  • Qualified Person: Dr. Thomas Fromhold.

Notable Quotes

• "The drilling at Rajapalot has progressed to plan and we expect first assay results next month. I am pleased to say with the progress we are making we should complete our drilling program in April." — Russell Bradford, CEO
• "Following the recently announced agreement to become the 100-per-cent owner of the Barsele project, the company recently undertook a highly successful strategy session for our 2026 work program... I look forward to giving the market more updates as we progress in our business alignment to achieve our objectives for 2026 including closing the Barsele transaction in Q2." — Russell Bradford, CEO