Goldsky 61% through Rajapalot drill program

Mr. Russell Bradford reports GOLDSKY RESOURCES PROVIDES OPERATIONAL UPDATE ON 2026 DRILLING PROGRAM AT RAJAPALOT GOLD-COBALT PROJECT, FINLAND Goldsky Resources Corp. has provided an operational update on its continuing 2026 winter diamond drilling program at the company's 100-per-cent-owned Rajapalot gold-cobalt project in Northern Finland. Highlights 31 drill holes for 6,073 metres core drilled; 61 per cent of the planned 10,000-metre winter drilling program completed; Four diamond drill rigs currently operating on site; Drilling progressing at Palokas, South Palokas and Raja deposits, with one rig focused on target-test drilling; First assay results expected in March, with steady results anticipated thereafter; Drilling on schedule for completion in April, 2026; No safety incidents reported to date. Drilling update As of Feb. 26, 2026, the company has completed 31 drill holes for 6,073 metres of drilling (1,210 m NQ2 and 4,863 m HQ), representing approximately 61 per cent of the planned 10,000-metre winter drilling program. Drilling is being conducted with four diamond drill rigs. Three of the drill rigs are focused on a planned 8,000 m of infill drilling designed to upgrade confidence of the currently defined Raja and Palokas Au-Co (gold-cobalt) inferred resource envelopes, while a fourth rig is conducting target-test drilling on priority regional exploration targets. Drill core from two holes has been cut and submitted for assay at CRS laboratories Oy, an additional six holes are being cut at Palsatech Oy. First assay results are expected in the coming weeks. At current productivity rates, drilling is forecast to conclude in April, 2026. Russell Bradford, chief executive officer of Goldsky Resources, comments: "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. "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. These deliverables include completing a preliminary economic assessment on the Barsele project in Q4 2026 and an extensive drilling campaign on the Barsele deposit. 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." Corporate update Goldsky Resources will be attending the upcoming Prospectors & Developers Association of Canada (PDAC) convention, where the team has a full schedule of meetings with investors, strategic partners and industry stakeholders. With strong momentum behind its exploration initiatives, Goldsky Resources will utilize PDAC as a key platform to showcase project updates, discuss growth plans and build new relationships within the global mining community. The company's leadership will be engaged throughout the event, reflecting both strong market interest and the company's commitment to advancing its portfolio through active collaboration and capital markets engagement. At a recent strategic meeting session held by Goldsky management, the leadership team came together to define the company's future direction and execution plan on the Barsele project. The intensive session focused on aligning long-term vision with an execution plan that will be used to manage the company's goals for 2026. The plan clearly defined what was required in both deliverables and management capability to progress the Barsele project through a significant drilling campaign and all related studies which will show the benefits to progress the project to the next level for all stakeholders. The Rajapalot deposit At Rajapalot, mineralization is regarded as orogenic in nature. All examples of gold-cobalt mineralization are consistently located within highly sheared and foliated wall rocks adjacent to strongly hydrothermally altered, northwest- to north-dipping shear zones. Mineralization is typically encountered as disseminated to semi-massive sulphide lenses (predominantly pyrrhotite and lesser pyrite and cobaltite), hosted within strongly deformed and altered, mafic volcanic, and volcaniclasitic stratigraphy of the upper portions of the Paleoproterozoic-aged Kivalo Group of the Perapohja greenstone belt. Prospects with high-grade gold and cobalt mineralization at Rajapalot occur across a three km (east-west) by two km (north-south) area within the larger Rajapalot project area measuring four km by four km with multiple mineralized boulders, base of till (BOT). Gold-cobalt mineralization at Rajapalot has been drilled to over 640 metres below surface at both South Palokas and Raja prospects, and mineralization remains open at depth across the entire project. Rajapalot mineral resource An inferred mineral resource (MRE) has been calculated for the Rajapalot project (effective date Aug. 26, 2021) and is based on an "underground only" mining scenario containing 9.8 million tonnes at 2.8 grams per tonne gold (Au) and 441 ppm Co, equating to 867,000 ounces (koz) gold and 4,311 tonnes of cobalt. Rajapalot inferred mineral resource effective Aug. 26, 2021 The independent geologist and qualified person as defined in National Instrument 43-101 for the mineral resource estimates is Ove Klaver (EurGeol). The effective date of the MRE remains unchanged to the previous MRE (Aug. 26, 2021, available on SEDAR+ as filed by the previous owner, Mawson) and will be restated in the PEA technical report when it is filed. The mineral estimate is reported for a potential underground only scenario. Inferred resources were reported at a cut-off grade of 1.1 g/t (AuEq (gold equivalent) Au g/t plus Co parts per million/1005) with a depth of 20 metres below the base of solid rock regarded as the near-surface limit of potential mining. Wireframe models were generated using gold and cobalt shells separately. Forty-eight separate gold and cobalt wireframes were constructed in Leapfrog Geo and grade distributions independently estimated using ordinary kriging in Leapfrog Edge. A gold top cut of 50 g/t Au was used for the gold domains. A cobalt top cut was not applied. A parent block size of 12 m by 12 m by four m (greater than 20 per cent of the drill hole spacing) was determined as suitable. Sub-blocking down to four m by four m by 0.5 m was used for geologic control on volumes, thinner and moderately dipping wireframes. Rounding of grades and tonnes may introduce apparent errors in averages and contained metals. Drilling results to June 20, 2021. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Technical background, data verification, and quality assurance and quality control Four diamond drill rigs from Comadev Oy and Arctic drilling company Oy, all with water recirculation and drill cuttings collection systems, were used in this drill program. Core diameter is NQ2 (50.7 millimetres) and HQ (63.5 mm). Core recoveries are excellent and average close to 100 per cent in fresh rock. After photographing and logging in Mawson's Rovaniemi facilities, core intervals of between 0.5 to two metres are taken, then half-sawn by independent contractors Palsatech Oy in Kemi and. The remaining half core is retained for verification and reference purposes. Analytical samples are transported by commercial transport from site to the independent contractor CRS Minlab Oy (CRS) facility in Kempele, Finland. Samples were prepared and analyzed for gold using the PAL1000 technique which involves grinding the sample in steel pots with abrasive media in the presence of cyanide, followed by measuring the gold in solution with flame AAS equipment. Samples for multielement analysis (including cobalt) are pulped at CRS, then transported by air to MSALABS in Vancouver, Canada, and analyzed using four-acid digest ICP-MS methods. All the foregoing laboratories are independent of the company. The quality assurance and quality control program of Mawson consists of the systematic insertion of certified standards of known gold content, duplicate samples by quartering the core and blanks placed within sample runs in interpreted mineralized rock. In addition, CRS inserts blanks and standards into the analytical process. In addition to the sample preparation and security measures described above, data verification procedures are well integrated into the company's quality assurance and quality control program. Routine continuing checking of all data are undertaken prior to being uploaded to the database. This will be followed by independent data verification audits at exploration milestones throughout the Rajapalot project's development. Dr. Fromhold has also reviewed the qualifications and analytical procedures of the above-mentioned laboratories, photographs of drill cores and the PEA in connection with verifying the exploration information presented herein. All maps have been created within the TM35/Finland uniform co-ordinate system (EPSG:2393). Tables 1 in Schedule A hereto provide collar and assay data. Due to the typically low angles of drill intercepts, the true thickness of the mineralized intervals are interpreted to be approximately 80 to 90 per cent of the drilled thickness. Qualified person The technical and scientific information in this news release was reviewed, verified and approved by Dr. Thomas Fromhold, an employee of Fromhold Geoconsult AB, and member of the Australian Institute of Geosciences (MAIG, membership No. 8838). Dr. Fromhold is a qualified person as defined under NI 43-101. Dr. Fromhold is not considered independent of the company under NI 43-101 as he is a consultant of the company. About Goldsky Resources Corp Goldsky Resources is a publicly listed gold exploration company, consolidating assets in Sweden and Finland. The company's flagship asset is the Barsele gold project in central Sweden, in which it has entered into a transaction to become the 100-per-cent owner from Agnico Eagle. Barsele is host to an indicated mineral resource of 7.88 Mt (million tonnes) grading 1.27 g/t Au containing 320,781 oz Au and an inferred mineral resource: 28.75 Mt grading 1.98 g/t Au containing 1.83 Moz Au. Goldsky Resources owns a district-scale licence position surrounding Barsele totalling approximately 80,000 hectares on Sweden's Gold Line greenstone belt comprising two additional projects (Paubacken, Storjuktan). Additionally, in central Finland, Goldsky Resources is the 100-per-cent owner of a district-scale position covering the entire underexplored Oijarvi greenstone belt, including the Kylmakangas deposit, the largest known gold occurrence on this belt. Goldsky Resources is also the 100-per-cent owner of the Rajapalot gold cobalt project situated in northern Finland, which has an inferred resource of 9.78 million t containing 867,000 ounces Au at 2.8 g/t Au and 4,300 t Co at 441 ppm Co (NI 43-101 technical report. We seek Safe Harbor.