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AUEN.V ·

Golden Sky Minerals Announces Mr. Bruce Fair as New Director

Management Changes

Golden Sky Minerals Announces Mr. Bruce Fair as New Director

Vancouver, July 19, 2022 – Golden Sky Minerals Corp. (AUEN.V) (the “Company” or “Golden Sky”) is

pleased to announce that Mr. Bruce Fair has joined the Board of Directors of Golden Sky Minerals Corp.

Robert Bruce Fair was born in Saskatoon, Saskatchewan. He attended high school in Nipawin,

Saskatchewan and has an Honours degree in Political Science and English from the University of

Saskatchewan obtained in 1981. Mr. Fair is President and founder of Me nch Capital Corp., which was

incorporated in Vancouver, BC on April 20th, 1999. Mench Capital Corp. is a Canadian merchant banking

firm that provides corporate finance & financial consulting services and access to private or public capital

to established, mid-market companies. Mench Capital Corp. has participated in and, or originated in the

formation of in excess of $500M+ in private and public equity transactions over the past 22 years mainly

focused in the Canadian Resource Industry - oil & gas & mining & alternative investment products &

strategies.

Mr. Fair has previously served on numerous Boards as an independent Director including various Maple

Leaf Flow-Through Limited Partnerships (2009-2016), Nationwide I Self Storage Trust, Maple Leaf Energy

Income Limited Partnerships (2009-2016), Maple Leaf Royalty Corp, Richfield Ventures Inc., Orsa Ventures

Corp., and Cliffmont Resources Ltd.

Mr. Fair currently acts as the President and CEO of Cordillera Minerals Group Ltd., an entity which creates

and provides Investor's access to diversified portfolios of Canadian Junior Exploration Mineral Companies

through a tax efficient structure. Mr. Fair is also the President & CEO of the Cordillera Minerals 2021 Flow-

Through Limited Partnership. Mr. Fair is currently a Director of Searchlight Resources Inc.

Resignations:

Golden Sky Minerals also announces the resignation of Mr. Ewan Webster and Mr. Wil liam Jung as a

Directors of the Company effectively immediately . John Newell and everyone at Golden Sky Minerals

Corp. thanks Mr. Ewan Webster and Mr. William Jung for their invaluable contribution to help build the

company with a solid foundation of highly prospective exploration properties inside Golden Sky Minerals

Corp. and a solid financial position since the incorporation of the company in August 2018. "We wish them

continued success in their future endeavors."

TSX-V: AUEN

GOLDEN SKY MINERALS CORP.

2110 -650 West Georgia Street

Vancouver, British Columbia

Canada, V6B 4N9

Telephone: 604 568 8807

Facsimile: 604 681 1864

www.goldenskyminerals.com

About Golden Sky Minerals Corp.

Golden Sky Minerals Corp. is a well -funded junior grassroots explorer engaged in the acquisition,

assessment, exploration, and development of mineral properties located in highly prospective areas and

mining-friendly districts. Golden Sky’s mandate is to d evelop its portfolio of properties to the mineral

resource stage through systematic exploration.

The drill-ready projects include: Hotspot, Bullseye, and Lucky Strike, all in Yukon, Canada. In addition, the

recent purchases of the Rayfield Copper-Gold Project in southern British Columbia, and the staking of the

Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, add to the

company’s substantial early-stage Canadian project pipeline.

The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada.

More information can be found at the Company’s website at www.goldenskyminerals.com

ON BEHALF OF THE BOARD

John Newell, President and Chief Executive Officer

For new information from the Company's programs, please visit Golden Sky 's website at

www.GoldenSkyMinerals.com or contact John Newell by telephone (604) 568-8807 or by email at

[email protected] or [email protected].

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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information”

or “forward -looking statements” (collectively, “Forward -Looking Information”) within the meaning of

applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified

by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or

variations of such words and phrases or statements that certain actions, events or results “woul d”,

“occur” or “be achieved”. Although Golden Sky has attempted to identify important factors and risks that

could affect Golden Sky and may cause actual actions, events or results to differ materially from those

described in Forward-Looking Information, there may be other factors and risks that cause actions, events

or results not to be as anticipated, estimated or intended, including, without limitation: inherent risks

involved in the exploration and development of mineral properties; the uncertainties in volved in

interpreting drill results and other exploration data; the potential for delays in exploration or development

activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration,

development or mining result s will not be consistent with Golden Sky ’s expectations; accidents,

equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties

with or interruptions in operations; fluctuating metal prices; unanticipated costs a nd expenses;

uncertainties relating to the availability and costs of financing needed in the future, including to fund any

exploration programs on its projects; that Golden Sky may not be able to confirm historical exploration

results and other risks set f orth in Golden Sky's public filings at www.sedar.com. In making the forward -

looking statements in this news release, Golden Sky has applied several material assumptions, including

the assumption that general business and economic conditions will not change in a materially adverse

manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements. Accordingly,

readers should not pl ace undue reliance on Forward -Looking Information. Except as required by law,

Golden Sky does not assume any obligation to release publicly any revisions to Forward -Looking

Information contained in this news release to reflect events or circumstances after the date hereof or to

reflect the occurrence of unanticipated events.