Goldsky Resources Closes Barsele Gold Project transaction and consolidates 100% ownership

About this update from Goldsky Resources Corp.

VANCOUVER, BC, June 25, 2026 /CNW/ -  Goldsky Resources Corp (TSXV: GSKR) (FNSE: GSKR SDB) (OTCQX: GSKRF) (FRA: HEG0) (" Goldsky Resources " or the " Company ") is pleased to announce today it has closed the previously announced acquisition of the remaining 55% interest in the Barsele Gold Project (" Barsele ") in Sweden (the " Transaction "), resulting in Goldsky consolidating 100% ownership of Barsele. "We are very pleased to complete this transformational Barsele transaction, marking an exciting new chapter for Goldsky. We now look forward to advancing what is expected to be one of the largest drilling campaigns ever undertaken across the Barsele licence. I would also like to welcome the Sweden-based team joining Goldsky as part of the transaction, whose expertise and knowledge of the extensive exploration and environmental work completed to date will be invaluable as we move forward.", said Russell Bradford CEO. The Transaction was completed pursuant to a share purchase agreement dated January 28, 2026 (the " Agreement ") between Goldsky Resources and Agnico Eagle Sweden AB (" Agnico Sweden "), a wholly-owned subsidiary of Agnico Eagle Mines Limited (" Agnico Eagle "), pursuant to which Goldsky Resources acquired Agnico Sweden's 55% interest in Gunnarn Mining AB (" Gunnarn "). Consideration for the Transaction included a cash payment of US$20,000,000, the issuance of 75,509,577 common shares of the Company (the " Consideration Shares ") to Agnico Eagle (indirectly through Agnico Sweden) and the grant of a 2% net smelter return royalty on Barsele to Agnico Sweden. The Company has also assumed Agnico Eagle's obligations under an existing 2% net smelter return royalty on Barsele in favour of Orex Minerals Inc. Please see the Company's news release dated January 28, 2026, for further details on the Transaction. In connection with closing of the Transaction, Goldsky Resources and Agnico Eagle entered into an investor rights agreement providing Agnico Eagle with certain participation, top-up and board nomination rights, as well as demand and piggy-back registration rights, all on customary terms. Agnico Eagle has advised the Company that it does not intend to exercise its board nomination rights at this time. As announced on April 9, 2026, the Company received disinterested shareholder approval for the creation of Agnico Eagle as a Control Person (as such term is defined under the policies of the TSX Venture Exchange (the " TSXV ") of the Company. The Transaction was completed on an arm's length basis and has received final approval of the TSXV.

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