The Board of Golden Sky Minerals Corp. (TSXV:AUEN) announced the spin off of Thunderbird Minerals Corp. on December 13, 2022. The Spin of includes Bullseye, Argo, and Eagle Mountain properties and CAD 355,000. Each existing common share of Golden Sky will be exchanged for one new common share of Golden Sky and 0.50 of a Thunderbird Minerals Share. Under the Plan of Arrangement, outstanding options and warrants to purchase common shares of Golden Sky will be adjusted or replaced so that upon exercise, holders will receive one New Golden Sky Share and 0.50 Thunderbird Minerals Shares for each option or warrant exercised. The transaction is subject to approval of Supreme Court of British Columbia and by the affirmative vote of 66 2/3% of Golden Sky's shareholders at a shareholders' meeting to be held on January 26, 2023. The transaction is also subject to TSXV approval for the Arrangement by Golden Sky and the substitutional listing of the New Golden Sky Shares in place of the existing Golden Sky common shares. Upon completion of the Arrangement, it is intended that Thunderbird Minerals will be managed by John Newell, as the President and Chief Executive Officer, and Juciane Gomes, as the Chief Financial Officer. Thunderbird Minerals Board of Directors will consist of John Newell, James Atherton, Robert Bruce Fair, and Rein Turna. Golden Sky received shareholder approval to the Arrangement at an annual general and special meeting of shareholders held on January 26, 2023, and received final approval to the Arrangement from the Supreme Court of British Columbia on January 30, 2023. The process is expected to be completed in mid-December 2022. The Arrangement is expected to close on or about January 31, 2023. Computershare Investor Services Inc. acted as a transfer agent. Capiche Legal LLP acted as a legal advisor to Golden Sky.

Golden Sky Minerals Corp. completed the Spin-Off of Thunderbird Minerals Corp. on March 17, 2023.