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Blue Sky Uranium Applies to Extend Warrants

Share Capital & Compensation

Blue Sky Uranium Applies to Extend Warrants

TSX Venture Exchange: BSK

Frankfurt Stock Exchange: MAL2

OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC

,

May 27, 2022

/CNW/ -

Blue Sky Uranium Corp.

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

BKUCF)

, ("Blue Sky" or the "Company")

announces that it has made an application to the TSX Venture

Exchange to extend the term of the outstanding warrants as follows:

24,906,588 that are set to expire on

June 11, 2022

(previously extended from 2020) to be extended

to

June 11, 2023

. These warrants were originally issued under a private placement completed by the

Company in

June 2018

. None of the warrants have been exercised.

The exercise price of the warrants will remain at

$0.30

. Each warrant, when exercised, will be

exchangeable for one common share of the Company.

The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").

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's flagship Amarillo Grande Project was an in-house discovery of a new district that has the

potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new

international market supplier. 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.

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 conditions and therefore involve inherent risks and uncertainties. Actual results may differ

materially from those currently anticipated in such statements. 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. We advise U.S. investors that the SEC's mining guidelines strictly prohibit

information of this type 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.

View original content:

https://www.prnewswire.com/news-releases/blue-sky-uranium-applies-to-extend-warrants-301556471.html

SOURCE

Blue Sky Uranium Corp.

View original content:

http://www.newswire.ca/en/releases/archive/May2022/27/c5763.html

%SEDAR: 00023601E

For further information:

For further information please contact: Corporate Communications, Tel: 1-604-

687-1828, Toll-Free: 1-800-901-0058, Email: [email protected]

CO: Blue Sky Uranium Corp.

CNW 07:00e 27-MAY-22