On October 24, 2023, Sky Gold Corp. closed the transaction. The company has now issued 3,756,667 flow-through units at a price of CAD 0.06 per unit for the gross proceeds of CAD 225,400.02 and 1,830,000 non-flow through units at a price of CAD 0.05 for the gross proceeds of CAD 91,500; for aggregate total gross proceeds of CAD 316,900.02.

A senior officer of the company has subscribed for an aggregate of 400,000 flow-through units as part of the private placement. All securities issued are subject to a statutory hold period expiring on February 25, 2024. A senior officer of the Corporation has subscribed for an aggregate of 400,000 FT Units as part of the transaction.

The financing, although conditionally approved by the TSX Venture Exchange, is subject to final approval. The transaction included participation of 16 placees. Finders?

fees were paid in connection with the transaction to Sherbrooke Street Capital Inc, CAD 7,320 and 134,400 brokers warrants issued at a price of CAD 0.10 for a 12-month period after the closing date. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced October 12, 2023.