Blue Jay Gold Commences Drilling on the Steller Gold Project, Yukon; Second Drill Mobilizing to Site

About this update from Blue Jay Gold Corp.

VANCOUVER, British Columbia, June 11, 2026 (GLOBE NEWSWIRE) -- Blue Jay Gold Corp. (TSXV: JAY) (“Blue Jay” or the “Company”), is pleased to announce the commencement of diamond drilling on the Company’s 100% owned Steller Gold Project in the Yukon Territory. The commencement of drilling on the Skukum Creek Corridor, featuring initial work on the northern Ag-Au-rich zone around Raca, marks the opening of Blue Jay’s fully funded 2026 exploration season. The 2026 program is designed to extend the footprint of existing high-grade Au-Ag resources and drill test other targets employing new techniques and integrative approaches. Program Highlights "The commencement of drilling on the Skukum Creek Structural Corridor is a significant moment for Blue Jay," said Geordie Mark, CEO of Blue Jay Gold. " Earlier exploration returned high-grade gold-silver values at surface and in drill core, confirming mineralization within the corridor and around the Raca zone. The mineralization remains open in multiple directions, indicating potential to extend it and establish continuity along the corridor. What excites me most about 2026 is what we are doing to leverage the drilling itself. Steller has over 120,000 metres of historical drilling that has never been evaluated as a district-scale system. We are bringing modern science to a dataset that prior operators could only partially read, and through the adoption of new techniques and reprocessing of existing data, we are for the first time looking to generate a model that connects the whole district. Every hole we drill this year will be better informed than anything drilled here before. We are funded, we are in the field, and this is just the beginning." 2026 Exploration Program Blue Jay's 2026 exploration program is the Company's maiden program at Steller and is fully funded from the $14.7 million brokered private placement that closed in April 2026. Up to 16,000 metres of diamond drilling is planned across the property, targeting both the expansion of the existing high-grade resource and the systematic testing of targets that have not previously been drill-tested. A second drill rig is being mobilized to site, and Blue Jay expects to generate a sustained pipeline of news flow as both rigs turn through the remainder of the field season that is projected to continue into October. Underpinning the dr...

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