Blue Sky Uranium initiates joint-venture exploration at Amarillo Grande

Vancouver, British Columbia--(Newsfile Corp. - August 18, 2026) - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTCQB: BKUCF) ("Blue Sky" or the "Company") and its joint-venture operating company, Ivana Minerales S.A. (" IMSA "), are pleased to announce a new exploration program at the Company's Amarillo Grande Uranium-Vanadium Project in Río Negro Province, Argentina. The initial program will include:

first drill program at the Cuatro target comprised of 500 metres of reverse circulation (" RC ") drilling;

detailed surface exploration along 5 kilometres of the corridor that extends from the Ivana Deposit through the Ivana Gateway target to the Ivana Central target, including 10 line-kilometres of IP geophysical surveys, a Radon gas survey and lead-isotope geochemical sampling; and,

regional greenfield exploration at the western targets Don Javier, Toro, Bajo de Valcheta West and Ivana West (see Figure 1).

Nikolaos Cacos, Blue Sky President & CEO commented, "This program allows us to simultaneously advance three complementary exploration opportunities at Amarillo Grande. Cuatro is our latest drill-ready target with discovery potential for the project. The Ivana Corridor, extending north from the Ivana deposit, is where we are going to employ new techniques to identify and map out targets and build on previous work in this large area. At the same time, regional exploration in the western sector will continue evaluating the broader district potential for new deposits. The staged approach allows us to advance the project efficiently and maximize chances of success."

Blue Sky has scheduled exploration activities to take place over a twelve-month period. The approved and funded initial six-month program described above will also include permitting, contracting and field preparation. Following completion and interpretation of the initial work, subsequent IP surveys, plus addit