Sky GOLD Grants Options

SKY GOLD GRANTS OPTIONS

Sept 27th, 2024, Vancouver, BC, Canada – SKY GOLD CORP. (“Sky” or the “Company”) (TSX.V:SKYG)

(US:SRKZF) announces it has set 2,300,000 options at an exercise price of $0.05 good for 2 years to

directors, officers and consultants of the Company in accordance with the Company’s stock option plan.

The Company further announces it is no longer proceeding with the 3 rd tranche of the previously

announced financing (see news releases dated May 24, 2024, June 5, 2024, June 19, 2024, June 26, 2024,

July 5, 2024 and August 9, 2024). The Company raised an aggregate total of $366,400 in the two tranches

completed issuing 6,600,000 non-flow-through units (the “ NFT Units”) at a price of $0.05 per unit and

520,000 flow-through units (the “FT Units”) at a price of $0.07 per Unit.

Each NFT Unit was comprised of one common share (a " Share") and one transferrable Share purchase

warrant (a " Warrant") of the Company, each Warrant entitl ing the holder to purchase one Share (a

“Warrant Share”) at a price of $0.07 per Warrant Share for a 36-month period after the Closing Date.

Each FT Unit was comprised of one common flow-through share (a "FT Share") and one transferrable non-

flow-through share purchase warrant (a "NFT Warrant") of the Company, each NFT Warrant entitling the

holder to purchase one additional non -flow-through share at a price of $0.10 per share for a 24 -month

period after the Closing Date.

All securities issued are subject to a statutory hold period of 4 months plus one day from the date of

issuance in accordance with applicable securities legislation.

In connection with the Private Placement the Company paid cash commissions of $23,680 and 464,000

warrants exercisable for a period of 12 months from the closing of the Private Placement at a price per

share of $0.07.

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.