Goldsky begins 2026 winter drilling at Rajapalot

Executive Summary

• Goldsky Resources Corp. has commenced its 2026 winter drilling season at the 100%-owned Rajapalot Gold Project in northern Finland.
• The company has mobilized four diamond drill rigs for a 10,000-metre program designed to upgrade inferred resources and support the transition from exploration to mining licenses.
• The program is split between 8,000 metres of infill drilling at the Raja and Palokas deposits and 2,000 metres of target testing for potential resource growth.

Key Details

• Drilling Program Scope: Total of 10,000 metres planned for the 2026 winter season.
• Infill Drilling: Approximately 8,000 metres focused on the Raja and Palokas deposits to increase confidence in existing inferred resources and facilitate progression to mining licenses under Finnish regulations.
• Target Testing: Approximately 2,000 metres planned to test high-priority exploration targets in the immediate vicinity of current resource areas to support potential resource growth.
• Equipment: Four diamond drill rigs have been mobilized to the site.
• Strategic Objective: The program aims to upgrade mineral resources to support permitting advancement and increase the gold-cobalt resource base.
• Existing Mineral Resource (Effective Aug. 26, 2021):
  • Scenario: Underground only mining.
  • Tonnes: 9.8 million tonnes.
  • Grade: 2.8 g/t gold (Au) and 441 ppm cobalt (Co).
  • Contained Metal: 867,000 ounces of gold and 4,311 tonnes of cobalt.
  • Cut-off Grade: 1.1 g/t AuEq (Gold equivalent, calculated as Au g/t + Co ppm / 1,005).
  • Depth Limit: 20 metres below the base of solid rock.
• Geological Context: Mineralization is orogenic, located within sheared/foliated wall rocks adjacent to hydrothermally altered shear zones. Hosted in mafic volcanic and volcaniclastic stratigraphy of the Paleoproterozoic Kivalo Group.
• Project Status: Mineralization remains open at depth across the entire project, with drilling extending to over 640 metres below surface at South Palokas and Raja prospects.
• Qualified Person: Dr. Thomas Fromhold (Fromhold Geoconsult AB) reviewed and approved the technical information.

Notable Quotes

• "We are very excited to demonstrate our continued commitment to the Rajapalot project under the new management of Goldsky by way of assigning a significant 10,000-metre drilling program that will support important long-term objectives for the project. Our commitment to upgrading some important areas of the currently defined mineral resource is a major step forward for the project, which will enable us to forge ahead with our permitting advancement at Rajapalot." — Russell Bradford, CEO