Blue Sky Prepares to Drill Second Target at Amarillo Grande Uranium Project, Argentina

Terminal City Club Tower, Suite 411 - 837 West Hastings Street TSX Venture Exchange: BSK

Vancouver, BC CANADA V6C 3N6 Frankfurt Stock Exchange: MAL2

Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 OTCQB Venture Market (OTC): BKUCF

www.blueskyuranium.com • [email protected]

NEWS RELEASE – March 20, 2017

Blue Sky Prepares to Drill Second Target at Amarillo Grande Uranium

Project, Argentina

Vancouver, BC / Marketwired / March 20, 2017 / Blue Sky Uranium Corp. (TSX -V: BSK, FSE: MAL2; OTC:

BKUCF), "Blue Sky" or the "Company") is pleased to provide an update on the progress of the 3,000 metre

reverse circulation (“ RC”) drilling program at the Amarillo Grande uranium project, in Rio Negro Province,

Argentina. Drilling has finished at the Ivana target area, with 94 holes totaling 1,276 metres completed. The

crew is now moving to the Anit area, approximately 50 kilometres to the northwest along the 140- kilometre long

uranium trend that comprises the Amarillo Grande Project. Drill results for the completed drilling are pending and

expect to be announced soon.

This new uranium district was first identified and underwent preliminary exploration by the Company from 2007

to 2012. The close proximity of several major targets and the near surface mineralization suggest that if

resources are delineated, a central processing facility would be envisioned.

"We are excited to be active in the Province of Rio Negro where a thriving nuclear converter industry exists since

the 1970s, but no uranium production, ” stated Nikolaos Cacos, President and CEO. “Blue Sky’s 420, 000

hectares of property situated in two distinct regions has the potential to become the first domestic source of

uranium for Argentina. The current program at Amarillo Grande is testing the mineralization occurrence at

surface, and, depending on results, would be expanded to test at depth.”

For additional details on the program please refer to the Company news release dated January 26, 2017.

About the Amarillo Grande Project

This new uranium district was first identified, staked and underwent preliminary exploration by Blue Sky from

2007 to 2012 as part of the Grosso Group’s strategy of adding alternative energy focus to its successful portfolio

of metals exploration companies. The close proximity of several major targets suggest that if resour ces are

delineated a central processing facility would be envisioned. The area is flat -lying, semi-arid and accessible year

round, with nearby rail, power and port access.

Mineralization identified to date represents a Surficial Uranium style of deposit, where carnotite mineralization

coats loosely consolidated pebbles of sandstone and conglomerates. Carnotite is amenable to leaching, and

early metallurgical work indicates that the mineralized material can be upgraded using a very simple wet

screening method. The near-surface mineralization, ability to locally upgrade, amenability to leaching and central

processing possibility suggest a potentially low-cost development scenario for a future deposit.

Rio Negro is host to several facilities related to the nuclear industry. Furthermore, the Provincial government is

amenable to mining as a means of socio- economical development. In addition, the Federal government has

expressed support for building domestic resources of uranium. In particular, the Argentina Atom ic Energy

National Commission (CNEA) published its Strategic Plan 2015- 2025, which includes a strategic objective "To

ensure the supply of domestic uranium for nuclear power plants in operation, under construction and planned."

For additional details on the project and properties, please see the Company’s

website: www.blueskyuranium.com

News Release March 20, 2017

Blue Sky Uranium Corp. Page 2

Qualified Person

The contents of this news release have been reviewed and approved by David Terry, Ph.D., P.Ge o. Dr. Terry is

a Director of the Company and a Qualified Person as defined in National Instrument 43- 101.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver

exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low -cost

producers. Blue Sky holds has the exclusive right to over 428,000 hectares of property in two provinces in

Argentina. The Company’s flagship Amarillo Grande Project was an in- house discovery of a new district that has

the potential to be among the first domestic suppliers of uranium to the growing Argentine market. The Company

is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina

since 1993.

ON BEHALF OF THE BOARD

“Nikolaos Cacos”

______________________________________

Nikolaos Cacos, President, CEO and Director

For further information please contact:

Corporate Communications

Tel: 1-604-687-1828

Toll-Free: 1-800-901-0058

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exc hange) accepts

responsibility for the adequacy or accuracy of this release.

This news release may contain forward -looking statements including but not limited to comments regarding the timing and content of upcoming work

programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward -looking statements address future

events and co nditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently an ticipated in

such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed disc ussion of factors that may

impact expected future results. The Company undertakes no obligation to publicly update or revise any forward -looking statements. We advise U.S.

investors that the SEC's mining guidelines strictly prohibit information of this t ype in documents filed with the SEC. U.S. investors are cautioned that

mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.