Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF) is pleased to announce it has closed the 2^nd and final tranche of the non-brokered private placement financing announced on September 26, 2023 and increased on October 4, 2023, consisting of 7,133,333 units in this tranche at a price of $0.075 per Unit for gross proceeds of $535,000. In total, the Company issued 20,466,666 Units for total gross proceeds of $1,535,000.

Each Unit consists of one common share and one transferrable common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.12 per share for three (3) years from the date of issue.

In this tranche, finders’ fees of $32,371.50 were paid in cash on a portion of the private placement to parties at arm’s length to the Company. In addition, 431,620 non-transferable finder’s warrants were issued. Each Finder’s Warrant entitles a finder to purchase one common share at a price of $0.075 per share for three years from the date of issue, expiring on October 13, 2026. In total, cash finders’ fees of $97,293 were paid and 1,297,240 Finders’ Warrants were issued for the Offering.

There is an offering document relating to the Offering that has been amended to reflect the increase in size of the Offering, which can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.blueskyuranium.com.

The Company intends to use the proceeds of the Offering for exploration programs on the Company’s projects in Argentina and for general working capital.

The Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.