Element79 extends drill permit for Gold Mountain

Executive Summary

• Element79 Gold Corp. has secured a two-year extension of its drilling permit for the Gold Mountain project in Nevada, allowing the company to continue exploration activities on this 100%-owned asset.
• The company has completed and filed a NI 43-101 technical report on September 3, 2025, which compiles historic data and supports the project's status as drill-ready with multiple high-priority targets.
• Management intends to commence drilling under the extended permit to delineate targets and advance the project toward resource development, viewing the extension as crucial for continuity of their exploration strategy.

Key Details

• Permit Extension: Secured a two-year extension for the drilling permit at the Gold Mountain project (formerly Long Peak).
• Project Location: Located along the Battle Mountain trend in Nevada, United States; 100% owned by Element79 Gold Corp.
• Technical Report: A NI 43-101 property of merit technical report was completed and filed on September 3, 2025.
• Exploration Status: The project is considered drill-ready with multiple high-priority targets defined; previous exploration identified significant gold mineralization potential with favorable geology.
• Strategic Intent: The extension allows Element79 to execute drill programs and advance the project toward resource development to build long-term shareholder value.
• Qualified Person: Kim Kirkland, Fellow of AusIMM No. 309585 and Chief Operating Officer of Element79 Gold, has reviewed and approved the technical information.

Notable Quotes

• "Securing this two-year permit extension is a crucial step in ensuring continuity of our exploration strategy at Gold Mountain. We are now positioned to execute on our drill programs and advance the project toward resource development, with the intent of building long-term value for our shareholders." — Michael Smith, Chief Executive Officer