Goldsky Resources Provides Operational Update on 2026 Drilling Program at Rajapalot Gold-Cobalt Project, Finland

Executive Summary

• Goldsky Resources has completed 31 drill holes (6,073 m) – about 61% of its planned 10,000 m winter drilling program at the Rajapalot Gold‑Cobalt Project.
• Four diamond rigs remain on site; infill drilling continues on the Raja and Palokas deposits while a fifth rig conducts target‑test drilling on regional targets.
• First assay results are expected in March with the full drill program slated for completion in April 2026; no safety incidents have been reported.

Key Details

• Drilling Progress: 31 holes (1,210 m NQ2 + 4,863 m HQ) completed as of Feb 26 2026.
• Program Coverage: ~61% of the 10,000 m winter program achieved; on‑track for April 2026 completion.
• Rig Deployment: Four diamond rigs operating – three focused on ~8,000 m infill drilling to upgrade the inferred Raja and Palokas Au‑Co resource envelopes; one rig performing target‑test drilling on priority regional targets.
• Assay Status: Core from 2 holes sent to CRS Laboratories Oy; additional 6 holes being cut at Palsatech Oy. First assay results anticipated in March, with ongoing weekly releases thereafter.
• Safety Record: No safety incidents reported to date.
• CEO Comment (Russell Bradford): Emphasized that drilling is on schedule, first assays are expected next month, and the program should finish in April; highlighted upcoming Barsele acquisition and related 2026 work plan.
• Corporate Activities: Company will attend PDAC 2026 to present project updates and engage investors/strategic partners.
• Resource Context (Rajapalot): Inferred resource (effective Aug 26 2021) – 9.78 Mt @ 2.8 g/t Au and 441 ppm Co, containing 867 koz Au and 4,311 t Co. No change to the estimate; will be restated in the forthcoming PEA.
• Technical Notes: Drilling performed with Comadev Oy and Arctic Drilling Company Oy rigs (NQ2 & HQ core). Core recovery ~100%; analytical workflow includes gold AAS at CRS and multi‑element ICP‑MS at MSALABS (Vancouver). QA/QC program incorporates certified standards, duplicates, blanks, and independent audits.
• Qualified Person: Dr. Thomas Fromhold (Fromhold Geoconsult AB) reviewed and approved the technical information; not independent under NI 43‑101.

Notable Quotes

“The drilling at Rajapalot has progressed to plan and we expect first assay results next month… we should complete our drilling program in April.” – Russell Bradford, CEO & Director, Goldsky Resources.