Blue Jay Gold Commences Drilling on the Steller Gold Project, Yukon; Second Drill Mobilizing to Site

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Blue Jay’s 2026 exploration program is the Company’s maiden program at Steller and is fully funded from the $14.7 million brokered private placement that closed in April 2026. Up to 16,000 metres of diamond drilling is planned across the property, targeting both the expansion of the existing high-grade resource and the systematic testing of targets that have not previously been drill-tested. A second drill rig is being mobilized to site, and Blue Jay expects to generate a sustained pipeline of news flow as both rigs turn through the remainder of the field season that is projected to continue into October.

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Underpinning the drill program is a modern, integrated approach to a property that has never been fully understood at the district scale. Re-logging of the historical drill core archive using modern spectral and paragenetic methods is ongoing with the build-out of a district-scale structural architecture model. Central to this effort is the integration of existing and new regional geophysical survey data, which is expected to foster improved delineation of property-wide structural conduits associated with mineralization and provide a springboard for defining future drill targets in 2026 and beyond. The result is a program designed to compound on itself with each hole informing the model, each metre of re-logged core sharpening the next target, and a district-scale gold-silver system being understood, for the first time, in its entirety.

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Qualified Person

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The scientific and technical content of this news release has been reviewed and approved by Freeman Smith, P.Geo., VP Exploration of Blue Jay Gold Corp., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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About Blue Jay Gold Corp.

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Blue Jay Gold Corp. is a Canadian gold exploration company focused on growing and discovering resources within established gold producing regions in Canada. The Company’s flagship asset is the 100%-owned Steller Gold Project in southern Yukon, an infrastructure-supported, past-producing mine with significant exploration upside and clear near-term catalysts. Blue Jay has also built a portfolio of projects in Ontario. With strategically located assets and a leadership team experienced in geology and capital markets, Blue Jay will advance disciplined, modern exploration programs focused on target definition, resource growth, and new discoveries in known gold-mineralized regions.

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ON BEHALF OF BLUE JAY GOLD CORP.

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signed “Geordie Mark”
Geordie Mark, CEO

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For additional information contact:

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BLUE JAY GOLD CORP.

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Cautionary Note Regarding Forward-Looking Statements

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Certain statements in this press release contain forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Forward-looking statements contained in this press release may include, but are not limited to, obtaining regulatory approval for the Listing and for the engagement of the Service Provider, increasing the Company’s current mineral resources, and future business plans of the Company. Such information involves known and unknown risks, including the receipt of regulatory approval, the results of future financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Blue Jay in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable securities laws and regulation, Blue Jay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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