Blue Sky Uranium Corp. — Capital/Financing Update 2025

Jun 20, 2025

Form 51-102F3
MATERIAL CHANGE REPORT

Item 1. Name and Address of Reporting Issuer
Blue Sky Uranium Corp. (the “Company” or “Blue Sky”)
Suite 411, 837 West Hastings Street
Vancouver BC V6C 3N6

Item 2. Date of Material Change
June 12, 2025

Item 3. News Release
News Releases dated April 7 and 16, 2025 were disseminated via CNW.

Item 4. Summary of Material Changes
A summary of the nature and substance of the material change is as follows:
Blue Sky Uranium Closes 1st Tranche & Increases Oversubscribed Non-Brokered Private Placement

Item 5. Full Description of Material Change

5.1 Full Description of Material Change
On June 12, 2025, the Company announced it was increasing the over subscribed private placement previously announced on June 5, 2025 from $1,020,000 to $2,040,000 consisting of 34 million units (the “Units”) at $0.06 per Unit.

Also on June 12, 2025, the Company announced that it had closed a 1st tranche of the private placement through the issuance of 20,533,333 Units at a subscription price of $0.06 per Unit for aggregate gross proceeds of $1,232,000 (the “Offering”).

Each Unit consists of one common share and one transferrable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.075 per share for three (3) years from the date of issue.

The proceeds of the financing will be used for general working capital.

Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including but not limited to, the approval of the TSX Venture Exchange (the “Exchange”).

5.2 Disclosure for Restructuring Transactions
Not applicable.

Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.

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Item 7. Omitted Information

Not applicable

Item 8. Executive Officer

For further information, please contact Nikolaos Cacos at (604) 687-1828.

Item 9. Date of Report

June 20, 2025