Blue Jay Gold nominates Ashley Kates to board for upcoming AGM

Blue Jay Gold Announces Nomination of Ashley Kates to the Board of Directors for Upcoming AGM

VANCOUVER, British Columbia, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Blue Jay Gold Corp. (TSXV: JAY) (OTCQB: JAYGF) (FSE: JAY) (“Blue Jay” or the “Company”), is pleased to announce the nomination of Ashley Kates to the Company's Board of Directors. The nomination is being made in connection with the Company’s upcoming annual general meeting, which is scheduled for October 15, 2026, and will be detailed in the Company’s management information circular, expected to be filed on Sedar+ in early September.

“We're pleased to welcome Ashley's nomination to the board,” said Geordie Mark, CEO of Blue Jay Gold. “Ashley has held several senior roles across the mining industry over her career. That kind of breadth, seeing a business from the finance, capital markets and governance sides, is exactly the kind of experience that helps a company grow with confidence. Ashley raises the bar for our board, and we couldn’t be happier to have her join us. In the interim, Ashley will hold the role of special advisor to the board.”

Ms. Kates is a finance executive with more than 15 years of progressive leadership experience in the mining industry. She has deep expertise in public company financial reporting, capital markets, treasury management, regulatory compliance and corporate governance. Ms. Kates currently serves as Chief Financial Officer of Oceanic Iron Ore Corp. Over the course of her career, she has helped guide mining companies through significant operational growth, from early-stage exploration through to commercial production, including Atlantic Gold Corporation and its acquisition by St. Barbara Ltd. in 2019 for approximately $800 million. She is a Chartered Professional Accountant who began her career in public accounting at Ernst & Young and holds a Bachelor of Commerce degree from the Sauder School of Business at the University of British Columbia.

Subject to the TSXV acceptance and the Company’s Omnibus Equity Compensation Plan, on August 21, 2026 the Company granted an aggregate of 1,700,000 stock options to certain directors, officers and consultants at an exercise price of $0.78 valid for five years from the date of grant. The options will vest in four equal instalments of 25% available on the six month, twelve month, eighteen month and twenty-four month anniversaries of the grant.

80,000 Deferred Share Units (DSU’s) were also granted to Ms. Kates in connection with her upcoming appointment as a Director and are subject to TSXV acceptance and the terms of the Company’s Omnibus Equity Compensation Plan.

About Blue Jay Gold Corp.

Blue Jay Gold Corp. is a Canadian gold exploration company focused on growing and discovering resources within established gold producing regions in Canada. The Company’s flagship asset is the 100%-owned Steller Gold Project in southern Yukon, an infrastructure-supported, past-producing mine with significant exploration upside and clear near-term catalysts. Blue Jay has also built a portfolio of projects in Ontario. With strategically located assets and a leadership team experienced in geology and capital markets, Blue Jay will advance disciplined, modern exploration programs focused on target definition, resource growth, and new discoveries in known gold-mineralized regions. For more information, please visit www.bluejaygoldcorp.com.

ON BEHALF OF BLUE JAY GOLD CORP.

signed “Geordie Mark”
Geordie Mark, CEO

For additional information contact:

BLUE JAY GOLD CORP.

Geordie Mark CEO Blue Jay Gold Corp. info@bluejaygoldcorp.com Phone: (604) 235-4059

Eric Negraeff Investor Relations Blue Jay Gold Corp. eric@bluejaygoldcorp.com Phone: (604) 235-4059

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release contain forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These statements can be identified by the use of forward-looking terminology (e.g., "expect"," estimates", "intends", "anticipates", "believes", "plans"). Forward-looking statements contained in this press release may include, but are not limited to, the results of the hyperspectral core scanning and spectral analysis program, the timing and scope of the Company’s exploration program, increasing the Company’s current mineral resources, and future business plans of the Company. Such information involves known and unknown risks, including the receipt of regulatory approval, the results of future financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Blue Jay in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable securities laws and regulation, Blue Jay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.