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Blue Sky Uranium Grants Stock Options

Share Capital & Compensation

Blue Sky Uranium Grants Stock Options

TSX Venture Exchange: BSK

Frankfurt Stock Exchange: MAL2

OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC

,

Jan. 29, 2021

/CNW/ -

Blue Sky Uranium Corp.

(TSXV: BSK) (FSE: MAL2)

(OTC: BKUCF),

("Blue Sky" or the "Company")

announces that it has granted 12,000,000

incentive stock options (the "

Options

") to directors, officers, employees and consultants of the

Company. The Options are set for a period of five years, expiring on

January 27, 2026

, and each

Option will allow the holder to purchase a common share of the Company at a price of

$0.25

. The

Options are subject to a 4 month hold period from the date of grant and to TSX Venture Exchange

approval.

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 of 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.

SOURCE

Blue Sky Uranium Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2021/29/c6421.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 13:50e 29-JAN-21