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Blue Sky Uranium Announces Issuance of Shares for Services

Share Capital & Compensation

Blue Sky Uranium Announces Issuance of Shares for

Services

TSX Venture Exchange: BSK

Frankfurt Stock Exchange: MAL2

OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC

,

Oct. 5, 2021

/CNW/ -

Blue Sky Uranium Corp.

(TSXV: BSK) (FSE: MAL2) (OTC: BKUCF)

, "Blue

Sky" or the "Company")

announces that, further to its news release dated

September 29, 2021

, it has issued 1,666,714

common shares in the capital of the Company (each, a "

Share

"), at a deemed issue price of

$0.2063

per Share, in

settlement of drilling services totaling

$343,843.20

.

The Shares are subject to a four month hold period expiring on

February 2, 2022

required pursuant to the policies of the

TSX Venture Exchange.

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, while

respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the

exclusive right to properties in two provinces in

Argentina

. 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

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.

FORWARD LOOKING STATEMENTS

: Certain statements contained in this press release may constitute forward-

looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by

the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or

statements that certain actions, events or results "will" occur. This document contains statements about expected or

anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain

risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions,

technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in

plans, the occurrence of unexpected events and the Company's ability to execute and implement its future plans. The

actual events may differ materially from those projected in the forward-looking statements. When relying on forward-

looking statements to make decisions, investors and others should carefully consider the foregoing factors and other

uncertainties and should not place undue reliance on such forward-looking statements. The Company does not

undertake to update any forward looking statements, except as may be required by applicable securities laws.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/blue-sky-uranium-announces-issuance-of-shares-for-services-301392546.html

SOURCE

Blue Sky Uranium Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2021/05/c5509.html

%SEDAR: 00023601E

For further information:

Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email:

[email protected]

CO: Blue Sky Uranium Corp.

CNW 07:00e 05-OCT-21