Sky GOLD Corp. Announces Completion of Oversubscribed Private Placement and Commencement of Geophysical Surveys and Drilling at Evening STAR Property, Nevada
SKY GOLD CORP. ANNOUNCES COMPLETION OF OVERSUBSCRIBED PRIVATE
PLACEMENT AND COMMENCEMENT OF GEOPHYSICAL SURVEYS AND DRILLING
AT EVENING STAR PROPERTY, NEVADA
October 23, 2025, Vancouver, BC, Canada – SKY GOLD CORP. (“Sky” or the “Company”) (TSX.V:SKYG)
(US:SRKZF) is pleased to announce that, following the successful completion of its over-subscribed
financing (see PR dated October 22, 2025), work has begun on the Company’s flagship Evening Star
property, located in the prolific Walker Lane Gold Trend in Nevada.
Geophysical Surveys Underway
Sky Gold has contracted MWH Geo -Surveys International to conduct a drone -supported high-resolution
magnetic and topographic survey across the Evening Star Property. The survey is being flown on 50-metre
line spacing and is designed to provide detailed subsurface structural and lithological information to assist
in drill targeting. The survey is currently in progress and is expected to be completed shortly.
In addition, an induced polarization (IP) survey is planned to further refine drill targeting, at the High Life
Cu-Au porphyry target.
Diamond Drilling Mobilization
A diamond-core drill rig is being mobilized to site this week to commence drilling at both the Tower Gold
and High Life targets. The planned phase one program totals approximately 1,100 metres and includes:
• Four (4) holes totaling ~500 metres at the Tower Gold target; and
• One hole of ~600 metres testing the High Life Cu-Au porphyry target.
The Tower Gold target comprises a one -kilometre-long, 50-metre-wide, northwest-trending high-grade
gold corridor characterized by centimetre-scale extensional quartz veins hosted within a granite intrusion.
The High Life target represents a deeper copper -gold porphyry system with associated skarn
mineralization at Gold Bug and Evening Star, identified through prior geological mapping, geochemical
sampling, and historical data review.
Mike England, CEO of Sky Gold, commented “We are extremely excited to commence drilling at Tower
Gold. This target shows all the hallmarks of a robust intrusion -related gold system, and the addition of
both magnetic and induced polarization surveys will enhance our understanding of the broader
mineralizing system at Evening Star — particularly the High Life Cu-Au porphyry target. We have assembled
a great team of geologists and technical experts to guide this next phase of exploration.”
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Danae Voormeij, MSc, PGeo, a Director of Sky Gold Corp. and a Qualified Person under National
Instrument 43-101 — Standards of Disclosure for Mineral Projects.
About Sky Gold Corp.
Sky Gold Corp. is a mineral exploration company focused on advancing precious and base metal projects
in North America. The Company’s flagship Evening Star Property, located in the prolific Walker Lane Gold
Trend, hosts multiple high-priority gold and copper targets, including Tower Gold, High Life, Gold Bug, and
Evening Star.
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 Consolidation 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, w hat benefits the Company will obtain from them. These forward -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.