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SKYG.V ·

Option Grant

Share Capital & Compensation

OPTION GRANT

Vancouver, British Columbia – July 9th, 2020 – Sky Gold Corp. (TSX-V: SKYG) (US:SRKZF)("Sky Gold" or the “Company”) has granted a total of up to 1,500,000 stock options to directors, consultants and advisors of the company exercisable at a price of $0.13 per share for a period of one year from the date of grant. The options have been granted in accordance with the company's stock option plan.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. In addition to the Company’s Newfoundland properties, the Company also owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for gold mineralization and CRD (Carbonate Replacement Deposit) base and precious (silver and gold) mineralization.

ON BEHALF OF THE BOARD “Mike England”

Mike England, CEO & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

1240-789 W Pender St., Vancouver, BC, V6C 1H2 +1-604-683-3995 +1-604-683-3988 [email protected]