Golden Sky Minerals Consolidates Full Ownership of Rayfield Ground within Rayfield-Gjoll Project

Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Golden Sky Minerals Corp. (TSXV: AUEN) ("Golden Sky" or the "Company") announces that it has entered into an option amending agreement dated April 20, 2026 (the "Amending Agreement") with Strata GeoData Services Ltd. ("Strata GeoData") to amend the terms of the Company's existing option agreement on a portion of the Rayfield Project located in British Columbia.

Under the terms of the Amending Agreement, the Company and Strata GeoData have agreed to amend the final cash and share consideration payable by Golden Sky pursuant to the option agreement originally dated May 26, 2022, as amended August 8, 2024.

The amended terms provide that:

the remaining cash payment has been reduced to $10,000, payable on or before May 15, 2026, with such payment to be directed to Below BC, an affiliated non-profit organization of Strata GeoData; and

the remaining share issuance has been amended to 200,000 common shares of Golden Sky payable to Strata GeoData on or before May 15, 2026.

The Amending Agreement remains subject to the approval of the TSX Venture Exchange. The shares, when issued, will be subject to a statutory hold period in accordance with applicable securities laws.

The amended agreement forms part of Golden Sky's broader efforts to simplify and consolidate ownership of its Rayfield ground, which now forms part of the larger Rayfield-Gjoll copper-gold project under the Company's earn-in and option agreement with Boliden Mineral Canada Ltd.

Golden Sky recently completed a NI 43-101 Technical Report on the Rayfield Project, establishing the Rayfield ground as a standalone asset and providing the Company with increased strategic and corporate flexibility moving forward.

John Newell, President and CEO of Golden Sky, commented: "Finalizing this amendment is another important step in simplifying the ownership structure of the Rayfield-Gjoll Project. With 100% ownership of the Rayfield ground, we have greater flexibility as we advance the project under the Boliden earn-in arrangement and continue evaluating broader corporate initiatives."

About Golden Sky Minerals Corp.

Golden Sky Minerals Corp. is a project-generator-style junior explorer focused on the acquisition, systematic exploration, and strategic advancement of a diversified portfolio of 100%-owned mineral properties in highly prospective, mining-friendly jurisdictions. The Company's strategy emphasizes securing major partners on select high-potential assets to fund exploration and minimize shareholder dilution, while advancing its broader portfolio in parallel.

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