Sky GOLD Announces Private Placement IN Preparation FOR Drilling ON the Tower GOLD and Highlife Copper Porphyry Targets, Evening STAR Property, Mineral County, Nevada

SKY GOLD ANNOUNCES PRIVATE PLACEMENT IN PREPARATION FOR DRILLING

ON THE TOWER GOLD AND HIGHLIFE COPPER PORPHYRY TARGETS, EVENING

STAR PROPERTY, MINERAL COUNTY, NEVADA

October 8th, 2025, Vancouver, BC, Canada – SKY GOLD CORP. (“Sky” or the “Company”) (TSX.V:SKYG)

(US:SRKZF) announces a non-brokered private placement of up to 20 million units ("Units") at a price of

$0.05 per Unit for aggregate gross proceeds of up to one million dollars (the "Offering"). Each Unit will be

comprised of one common share ("Share") and one transferable Share purchase warrant of the Company

("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 36 -month

period after the Closi ng Date at an exercise price of $0.0 8 per share. Proceeds of the private placement

will be used towards geophysics and drilling at the Tower Gold and High Life targets, both located in the

Company's Evening Star property in Nevada as well as general and administrative purposes. Finder’s fees

will be paid pursuant to this financing . The private placement is subject to approval by the TSX Venture

Exchange.

Tower Gold is a one -kilometer gold vein trend hosted in granitic rocks. High Life is a buried copper -gold

porphyry target that has multiple lines of evidence, including geological, geochemical and geophysical data

that vector to a potentially significant s ystem. These targets have never been drilled before. Tower Gold

is drill ready with drilling expected to commence in the coming weeks.

The geophysical programs will be a property wide, drone-supported, magnetic survey and a deep Induced

Polarization (IP) to cover the High Life target area.

Qualified person

Sky Gold Corp.’s disclosure of a technical or scientific nature in this news release has been reviewed and

approved by Danae Voormeij, P.Geo., who serves as a qualified person under the definition of National

Instrument 43-101.

ON BEHALF OF THE BOARD

Mike England

CEO, PRESIDENT & DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT

Tel: 1-604-683-3995

Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Certain statements in this release are forward -looking statements, which reflect the expectations of

management regarding the matters described herein. Forward-looking statements consist of statements

that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions

regarding the future. Such statements are subject to risks and uncertainties that may cause actual results,

performance, or developments to differ materially from those contained in the statements, including with

respect to the completion of the Consolidat ion or the identification or acquisition of additional mineral

assets. No assurance can be given that any of the events anticipated by the forward -looking statements

will occur or, if they do occur, what benefits the Company will obtain from them. These fo rward-looking

statements reflect management's current views and are based on certain expectations, estimates and

assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual

results to differ materially from those expressed or implied by the forward-looking statements, including

factors beyond the Company's control. These forward-looking statements are made as of the date of this

news release.