Golden Sky Minerals Reprices Warrants, Extends Term

GOLDEN SKY MINERALS REPRICES

WARRANTS, EXTENDS TERM

Vancouver, June 7, 2022 – Golden Sky Minerals Corp. (AUEN.V) OTC (LCKYF) (the “Company” or “Golden

Sky”) announces that, subject to TSX Venture Exchange approval, it has reduced the exercise price of

9,369,152 common share purchase warrants (the “Warrants) to $0.45 . The Warrants were issued

pursuant to the following private placement financings:

• December 18, 2019 4,918,299 share purchase warrants exercisable at $0.60

• December 31, 2020 1,125,277 share purchase warrants exercisable at $0.80 and

362,500 share purchase warrants exercisable at $0.75

• July 20, 2021 2,963,076 share purchase warrants exercisable at $0.80

The Company has also applied to extend the exercise period of all of the Warrants to December 31, 2022.

About Golden Sky Minerals Corp.

Golden Sky Minerals Corp. is a well -funded junior grassroots explorer focused on the discovery of new

precious metal and copper projects through systematic exploration in metal endowed ter ranes, located

in tier-one mining jurisdictions. Golden Sky's focus is to develop their portfolio of projects to resource

stage. Currently, the Company has three drill ready projects in the Yukon; this includes the Hotspot,

Bullseye, and Luckystrike proper ties. In addition, the recent property purchase of the Rayfield Copper -

Gold Project in southern British Columbia adds to the Company's substantial early-stage project pipeline

in Canada.

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

TSX-V: AUEN

OTCQB:

GOLDEN SKY MINERALS CORP.

2110 -650 West Georgia Street

Vancouver, British Columbia

Canada, V6B 4N9

Telephone: 604 568 8807

Facsimile: 604 681 1864

GoldenSkyMinerals.com

[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.