Blue Sky Uranium Corp. announced the results of a new Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company's 100% owned Amarillo Grande Project in Rio Negro Province, Argentina. The updated PEA incorporates a new mineral resource estimate, in which approximately 80% of the resources are now in the Indicated category.

The PEA demonstrates robust economics from a surficial mining operation, entailing 11 years of uranium and vanadium production: Infill drilling at the Ivana deposit is expected to upgrade the mineral resource from the Inferred and indicated categories. It is estimated that an infill RC drilling program of approximately 3,000m in 180 holes will be required in order to further upgrade resources within the pit shell zone. There is also potential to expand mine feed at Ivana, particularly to the west, where recent infill drilling returned low-uranium - rich-vanadium - rich-vanadium resources.