GOLDSKY RESOURCES CORP. (TSX-V: GSKR) (FNSE: GSKRSDB) (OTCQX: GSKRF) is pleased to announce that it has entered into a definitive agreement dated January 28, 2026 with Agnico Eagle Sweden AB, a wholly-owned subsidiary of Agnico Eagle Mines Limited, pursuant to which Goldsky has agreed to acquire the remaining 55% interest in the Barsele Gold Project in Sweden from Agnico, resulting in Goldsky consolidating 100% ownership of Barsele.

The Transaction will be effected through the acquisition by Goldsky of Agnico Sweden’s 55% interest in Gunnarn Mining AB. Gunnarn currently owns and operates Barsele pursuant to a joint venture agreement between Goldsky and Agnico Sweden, which will be terminated in connection with the Transaction. Consideration for the Transaction includes a cash payment of US$20,000,000 and 75,509,577 common shares of Goldsky. In addition, Goldsky will grant Agnico Sweden a 2% net smelter return royalty on Barsele. On closing of the Transaction, Goldsky will hold a 100% interest in Gunnarn.

Barsele Highlights and Strategic Rationale

• Location. Barsele is located in the mining district of Västerbottens Län in northern Sweden, about 600 km north of Stockholm, covering roughly 25,000 hectares within the Fennoscandian Shield.
• Indicated and Inferred Mineral Resources. Indicated Mineral Resource: 7.88 Mt grading 1.27 g/t Au containing 320,781 oz Au; Inferred Mineral Resource: 28.75 Mt grading 1.98 g/t Au containing 1.83 Moz Au.
• Existing Infrastructure. Barsele is well supported with excellent access by road, rail and hydro-power, a qualified workforce and services in an active mining region of Sweden.
• Strategic control consolidating Goldsky’s existing district-scale license across the Gold Line Belt. Barsele is located in the centre of Goldsky’s 100% owned existing exploration license area, which combined with Barsele, total approximately 80,000 hectares on Sweden’s Gold Line greenstone belt.
• Agnico’s proforma interest in Goldsky. Following completion of the Transaction, Agnico will own ~32.5% of Goldsky’s common shares. Agnico and Goldsky will enter into a transition agreement pursuant to which Agnico will agree to provide certain support to Goldsky for nine months following closing.

Russell Bradford, President and CEO of Goldsky, states: “The acquisition of the remaining 55% interest in the Barsele project from Agnico is a transformational milestone in Goldsky’s history and future growth. We now have 100% control of what we believe has the potential to become a tier one gold project in a world class mining jurisdiction in Sweden. Under Agnico, the Barsele project has been developed using best practices in technical and environmental compliance as well as community engagement, and at Goldsky we are committed to continue with these practices to ensure the Barsele project is developed responsibly for all our stakeholders as part of our vision to become the next major Nordic gold developer.

Following our successful C$80m fundraising in September 2025, Goldsky is well resourced to significantly increase the development of this world class Nordic gold project. May I take this opportunity to sincerely thank everyone who was involved in making this transition a reality.”

Investor Conference Call: Today 11:00am EST (Toronto) / 17:00 CET (Sweden)

Russell Bradford, President and CEO of Goldsky will be hosting a conference call and Q&A, today at 11:00am EST. Analysts and Investors can register at: https://stream.brrmedia.co.uk/broadcast/69779b2a82f7350013ba59f0.

A presentation providing further detail on the transaction is available on the Company’s website at: https://goldskyresources.com/corporate-presentation.

In addition, a video interview with Russell Bradford, CEO, discussing the transaction is also available at: https://goldskyresources.com/media/.

Transaction Details

Pursuant to the Agreement, Goldsky will acquire Agnico Sweden’s 55% interest in Gunnarn for US$20,000,000 in cash, 75,509,577 Consideration Shares, and the grant of a 2% NSR on production from Barsele. The number of Consideration Shares was calculated using a price of C$2.64 per Consideration Share, which is equal to the 20-day VWAP of Goldsky’s common shares prior to entering into the Agreement and equates to a value of approximately C$199,345,283. The Consideration Shares will be subject to a hold period of four months and one day from the date of issuance. The 2% NSR may be repurchased by Goldsky for US$50,000,000 at any time prior to two years following the achievement of commercial production at Barsele. In addition, Goldsky will assume Agnico’s obligations under an existing 2% net smelter return royalty on Barsele in favour of Orex Minerals Inc., which may be repurchased at any time by Goldsky for US$5,000,000. Agnico is arm’s length to Goldsky and the Transaction was negotiated on an arm’s length basis.

On closing of the Transaction, Goldsky and Agnico Eagle will enter into an investor rights agreement providing Agnico Eagle with certain participation, top-up and board nomination rights, as well as demand and piggy-back registration rights, all on customary terms.

The policies of the TSX Venture Exchange require shareholder approval where a transaction creates a shareholder that holds or controls 20% or more of an issuer’s shares. Prior to entering into the Agreement, Agnico owned 7,353,291 common shares of Goldsky, representing approximately 4.2% of the issued and outstanding common shares of Goldsky on a non-diluted and partially-diluted basis. On closing of the Transaction, Agnico Eagle is expected to own approximately 82,862,868 common shares of Goldsky, representing approximately 32.5% of the common shares of Goldsky on a non-diluted and partially-diluted basis, and therefore, is expected to be a Control Person following closing. As a result, the Company intends to hold a special shareholder meeting in March 2026 to seek approval of the creation of a new Control Person from disinterested shareholders. In connection with the Meeting, Goldsky will prepare a management information circular which will be made available to shareholders of Goldsky in due course and which will include details on the Transaction (including with respect to Agnico Eagle becoming a Control Person of the Company). A copy of the Circular will be filed on Goldsky’s SEDAR+ profile at www.sedarplus.ca.

Closing of the Transaction is expected to occur during Q2, 2026 and no later than June 30, 2026 and is subject to the receipt of all necessary shareholder, regulatory and other approvals (including that of the TSXV), and the satisfaction of other customary closing conditions.

Goldsky has agreed to pay Nuvolari Capital Limited, an arm’s length party, a corporate advisory fee in connection with completion of the Transaction, equal to 3% of the aggregate value of cash consideration and Consideration Shares to be paid and issued, as applicable to Agnico, for a finder’s fee with an aggregate value of approximately C$6,797,559. The finder’s fee is subject to approval of the TSXV and, if approved, will be paid by way of issuance of 2,574,833 common shares of Goldsky based on a deemed price of C$2.64 per share, which is equal to the 20-day VWAP of the Goldsky shares immediately prior to announcement of the Transaction.

About Goldsky Resources:

Goldsky Resources is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe’s next gold camp. The Company’s flagship asset is the Barsele gold project in northern Sweden. Immediately surrounding the Barsele project, Goldsky resources is the 100%-owner of a district-scale license position comprised of two additional projects (Paubäcken, Storjuktan), which combined with Barsele, total approximately 80,000 hectares on the Gold Line greenstone belt. Additionally, in northern Finland, Goldsky is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. Goldsky is also the 100%-owner of the Rajapalot gold cobalt project situated in Finland, which has an Inferred Mineral Resource of 9,780kt containing 867 koz Au @ 2.8 g/t Au & 4.3 kt Co @ 441 ppm Co (NI 43-101 Technical Report On A Preliminary Economic Assessment Of The Rajapalot Gold-Cobalt Project, Finland. Effective Date: 19 December 2023. Prepared for Mawson Finland Ltd by SRK Consulting (UK) LTD. SRK Qualified Person Christopher Bray Beng (Mining), MAusIMM(CP), Ove Klaver, MSc (Geology), Eur.Geol., Eemeli Rantala, MSc (Geology), P.Geo., Craig Brown, B.E. (Chem), GradDipGeosci, FAusIMM, Mathieu Gosselin, Beng (Mining), P.Eng.).

ON BEHALF OF THE BOARD OF DIRECTORS

Russell Bradford

CEO & Director

For further information contact:

Investor Relations

ir@goldskyresources.com

The information in this release is subject to the disclosure requirements of Goldsky Resources pursuant to the EU Market Abuse Regulations. This information was submitted for publication, through the agency of the contact person set out above, on January 28, 2026, at 7:30 AM Eastern Time.

The Company’s certified adviser on the Nasdaq First North Growth Market is Augment Partners AB, info@augment.se, +46 8-604 22 55

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