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BSK.V ·

Blue Sky Uranium Increases Non-Brokered Private Placement

Financings

Terminal City Club Tower, Suite 312 - 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 – June 4, 2018

Blue Sky Uranium Increases Non-Brokered Private Placement

Vancouver, BC / Globe Newswire / June 4, 2018 / Blue Sky Uranium Corp. (TSX -V: BSK, FSE: MAL2; OTC:

BKUCF), ("Blue Sky" or the "Company") announces that due to high investor demand, the Company has

increased the private placement amount announced on June 1, 2018 from $2,660,000 to $3,080,000 consisting of

22 million units (the “Units”) at $0.14 per Unit.

Each Unit will consist of one common share and one transferrable common share purchase warrant. Each warrant

will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.3 0 per

share for two years from the date of issue.

This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject

to a four -month hold period under applicable Canadian securities laws. Directors, officers and employees of the

Company may participate in a portion of the financing. A commission may be paid on a portion of the financing. The

proceeds of the financing will be used for exploration programs on the Company’s projects in Argentina and for

general working capital.

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 434,000 hectares (equiv. to 1,072,437 acres) 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 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

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.