Golden Sky Minerals Changes Warrant Pricing and Extends Term

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VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) — Golden Sky Minerals Corp.
(AUEN.V) OTC (LCKYF) (the “Company” or “Golden Sky”) announces that, subject to the approval of the TSX Venture Exchange, it has reduced the exercise price of 9,369,152 common share purchase warrants (the “Warrants Subscription”) at $0.45. The warrants were issued as part of the following private placement financings:

December 18, 2019 4,918,299 stock warrants exercisable at $0.60
December 31, 2020 1,125,277 stock warrants exercisable at $0.80 and
362,500 stock warrants exercisable at $0.75
July 20, 2021 2,963,076 stock warrants exercisable at $0.80

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The Company has also requested to extend the exercise period of all warrants to December 31, 2022.

About Golden Sky Minerals Corp.

Golden Sky Minerals Corp. is a young, well-funded grassroots exploration company focused on discovering new precious metals and copper projects through systematic exploration in metal-rich terrains, located in Tier 1 mining jurisdictions. Golden Sky’s objective is to develop its portfolio of projects to the resource stage. Currently, the company has three ready-to-drill projects in the Yukon; this includes Hotspot, Bullseye and Luckystrike properties. Additionally, the recent purchase of the Rayfield Copper-Gold Project property in southern British Columbia adds to the Company’s extensive portfolio of early-stage projects in Canada.

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The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada. Further information is available on the Company’s website at www.goldenskyminerals.com

BEHALF
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John Newell, President and CEO

For new information on the company’s programs, please visit Golden Sky’s website at www.GoldenSkyMinerals.com or contact John Newell by phone (604) 568-8807 or by email at [email protected] Where [email protected].

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.

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