Sky Gold Corp. Completes Successful Financing

Sky Gold Corp., a junior mining exploration company, has announced the completion of its oversubscribed, non-brokered private placement. The company issued 23,880,000 units at $0.05 per unit, achieving gross proceeds of $1,194,000. Each unit includes one common share and one half transferable common share purchase warrant, allowing the purchase of one full warrant share at $0.08 per share for 36 months post-closing.

Proceeds will advance the Evening Star project in Nevada and support general working capital. As part of the private placement, Sky Gold Corp. paid $70,400 in cash and granted 1,688,000 non-transferable finders' warrants to various financial entities.

A senior officer and directors participated in this private placement, constituting a "related party transaction," exempted under specific multilateral instruments. Shares issued are subject to a four-month hold period under Canadian securities laws.