Blue Jay Gold Corp. Announces the Passing of Director, Marcio Fonseca

VANCOUVER, March 26, 2026 - Blue Jay Gold Corp. ("Blue Jay" or the "Company"), is deeply saddened to announce the sudden and unexpected passing of Marcio Fonseca, a recently appointed Director of the Company.

"We are heartbroken by the sudden loss of Marcio," said Geordie Mark, Chief Executive Officer of Blue Jay. "Marcio brought extraordinary depth of experience, tremendous character, and genuine warmth to everything he did. In the short time he was part of our Board, his wisdom and perspective were already making a meaningful difference. Our thoughts and deepest condolences are with his family, friends, and his many colleagues in the mining industry who knew and admired him."

Mr. Fonseca spent his entire career, spanning over 30 years, working in the mining and mining finance sectors. He was a trusted colleague, a mentor, and a respected voice in the industry. Mr. Fonseca was a long-standing member of the Association of Professional Engineers and Geoscientists of the Province of B.C., as well as the Australasian Institute of Mining and Metallurgy.

The Board of Directors will provide an update regarding board composition in due course. The Company remains committed to its strategic objectives, continued disciplined and responsible advancement of its projects.

About Blue Jay Gold Corp.

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.

ON BEHALF OF BLUE JAY GOLD CORP.

signed "Geordie Mark"
Geordie Mark, CEO

For additional information contact:

BLUE JAY GOLD CORP.

Cautionary Note Regarding Forward-Looking Statements

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.