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BSK.V ·

Blue Sky to Receive Over $3 Million from Warrant Exercise

Financings Share Capital & Compensation

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]

-NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO OR THROUGH US NEWSWIRE SERVICES-

NEWS RELEASE – March 14, 2017

Blue Sky to Receive Over $3 Million from Warrant Exercise

Vancouver, BC / Marketwired / March 14, 2017, 2017 / Blue Sky Uranium Corp. (TSX -V: BSK, FSE: MAL2; OTC:

BKUCF), "Blue Sky" or the "Company") is pleased to announce that insiders and warrant holders are exercising an

aggregate of 30,275,000 warrants yielding $3,027,500 for the Company’s treasury.

"This additional capital strengthens our balance sheet as we continue our ongoing 3,000 metre drill program. We

appreciate this show of support and confidence from our shareholders and look forward to increasing

shareholder value by hitting our milestones for the year. 2017 will be an exciting year for our shareholders and

Company,” stated Nikolaos Cacos, Blue Sky President & CEO.

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 shareho lders 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 and to the

international 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 Exchange) accepts

responsibility for the adequacy or accuracy of this release.

This news release may contain forward -looking statements. Forward-looking statements address future events and conditions and therefore

involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such state ments. Readers are

encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future

results. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

The securities being offered h ave not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state

securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and

state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities

in the United States.