VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2016) - Blue Sky Uranium Corp. (TSX
VENTURE:BSK)(FRANKFURT:MAL)(WKN:A0MKXP) ("Blue Sky" or the "Company") is pleased to announce completion of the
non-brokered private placement financing of 4,246,755 units ("Units") for gross proceeds of $1,613,767 announced on August 2,
2016.
Each Unit consists of one common share and one transferrable common share purchase warrant. Each warrant entitles the
holder to purchase one additional common share of the Company at $0.50 per share for two years from the date of issue, expiring
on September 19, 2018. If the volume weighted average price for the Company's shares is $0.80 or greater for a period of 10
consecutive trading days, then the Company may deliver a notice (the "Notice") to the warrantholder that the Warrants must be
exercised within twenty (20) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m.
(Vancouver time) on the twenty-first (21st) day after the date of delivery of the Notice. The accelerated exercise provision
shall not apply until the expiration of the four-month hold period required under Exchange policies and rules, and securities
laws that are applicable to the Company, being January 20, 2017.
Finder's fees of $6,549.30 are payable in cash on a portion of the private placement to parties at arm's length to the
Company. In addition, 141,386 non-transferable finder's warrants are issuable (the "Finder's Warrants"). Each Finder's Warrant
entitling a finder to purchase one common share at a price of $0.50 per share for two years from the date of issue, expiring on
September 19, 2018. The Finder's Warrants are also subject to the above accelerated exercise provisions.
The proceeds of the financing will be used for exploration programs on the Company's projects in Argentina and for general
working capital.
ON BEHALF OF THE BOARD
Nikolaos Cacos, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.