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Blue Sky Uranium Corp. Capital/Financing Update 2021

Jan 29, 2021

45808_rns_2021-01-29_bd13358a-5c1d-44d9-b1f7-6a1fdf6999b5.pdf

Capital/Financing Update

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Blue Sky Uranium Grants Stock Options

TSX Venture Exchange: BSK Frankfurt Stock Exchange: MAL2 OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, Jan. 29, 2021 /CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that it has granted 12,000,000 incentive stock options (the " Options ") to directors, officers, employees and consultants of the Company. The Options are set for a period of five years, expiring on January 27, 2026, and each Option will allow the holder to purchase a common share of the Company at a price of $0.25. The Options are subject to a 4 month hold period from the date of grant and to TSX Venture Exchange approval.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to of properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________ Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.