Sky Gold Corp. announced that the TSX Venture Exchange has accepted for filing with respect to its previously announced arm-length acquisition of the KA NI-CU-CO-CR- PGE Property located in Northwestern Ontario. As previously announced in the Company's July 12, 2023 news release, the Company will issue up to 815,000 shares of Sky Gold and pay up to $150,000 in cash to the vendors, over a 4-year period.

The Company will additionally grant a 2.0% Royalty to the vendors. Advance Royalty payments of $20,000 are due annually to the vendors, between years 5 and 10 of this Agreement. 1.00% of the Royalty can be bought back from the vendors at any time for the sum of $250,000.

SKY shall retain the right of first refusal on purchasing the remaining 1.00% of the NSR from the vendors. This is an arm's-length acquisition and there are no finder's fees associated with this acquisition.