Blue Sky Resources Ltd. entered into a non-binding letter of intent to acquire Blue Sky Global Energy Corp. (TSXV:BGE) in a reverse merger transaction on October 2, 2023. Blue Sky Resources Ltd. entered into a definitive agreement to acquire Blue Sky Global Energy Corp. for CAD 17.7 million in a reverse merger transaction on November 21, 2023. The Purchase Price shall be paid by the Company to BSR by way of the issuance of approximately 296,198,202 common shares of the Company to BSR (?Consideration Shares?) at a deemed price of approximately $0.093 ( CAD 0.127) per common share. A new ?control person? as defined by the policies of the TSXV will be created as BSR and its nominees will own approximately 85% of the Company post-closing of the Acquisition (?New Control Person?).

The Acquisition is subject to due diligence, with customary representations, warranties and closing conditions and, shareholder approvals of the parties (including ?majority of the minority? approval from disinterested shareholders, as applicable). The Acquisition also requires approval of the TSXV as it is an RTO pursuant to the applicable policies of the TSXV and is subject to the company resulting from the Acquisition meeting the continued listing requirements of the TSXV. No finder?s fees are being paid in connection with the Acquisition. The effective date of the Acquisition shall be January 1, 2024, or such date as the parties mutually agree.