Blue Sky Uranium Increases Non-Brokered Private Placement

Blue Sky Uranium Increases Non-Brokered

Private Placement

/NOT FOR DISTRIBUTION TO

THE UNITED STATES

/

TSX Venture Exchange: BSK

Frankfurt Stock Exchange: MAL2

OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC

,

June 8, 2022

/CNW/ -

Blue Sky Uranium Corp.

(TSXV: 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

May 24, 2022

, from

$1,050,000

to

$2,100,000

consisting of 14 million units (the "

Units

") at

$0.15

per Unit.

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

(a "

Warrant

"). Each Warrant will entitle the holder thereof to purchase one additional common share

in the capital of the Company at

$0.25

per share for three (3) 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, 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.

This news release may contain forward-looking statements. Forward-looking statements address

future events and conditions and therefore involve inherent risks and uncertainties. All statements,

other than statements of historical fact, that address activities, events or developments the

Company believes, expects or anticipates will or may occur in the future, including, without

limitation, statements about the Company's plans for its mineral properties; the Company's

business strategy, plans and outlooks; the future financial or operating performance of the

Company; and future exploration and operating plans are forward-looking statements.

SOURCE

Blue Sky Uranium Corp.

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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 17:00e 08-JUN-22