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VANCOUVER, BC - The N ewswire - August 26, 2026 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (“Element79”, or the “Company”) is pleased to announce that Synergy Metals Corp. (“ Synergy ”) has received final approval for listing from the Canadian Securities Exchange (the “ CSE ”). The common shares of Synergy (CUSIP 87170Q103 / ISIN CA87170Q1037) have commenced trading on the CSE under the symbol “SYN” on August 26, 2026.

The listing of Synergy on the CSE follows the completion of a previously announced plan of arrangement under the Business Corporations Act (British Columbia) with Element79. For more information regarding Synergy, please refer to its listing statement dated August 20, 2026, which is available on Synergy’s profile at www.sedarplus.ca and on Synergy’s CSE profile page.

Mr. Michael Smith, Chief Executive Officer of the Company , commented: “ This is a good day for Element79 shareholders. They keep everything they held in our Nevada assets and now hold shares in a separately listed company built around Dale –  two focused stories and two sets of catalysts, each free to pursue its own strategy and its own capital. Dale has always deserved a dedicated company and dedicated capital, and as of today it has both. Synergy holds 98 claims covering approximately 1,980 hectares in the Swayze Greenstone Belt, a project that has seen limited modern exploration and no drilling to date, in a belt that has produced gold for a century. Dale is the foundation Synergy is built on, and a listed company with its own currency is also a platform –  one positioned to consider additional projects that fit alongside it as opportunities arise. Element79 retains a position in Synergy, so our shareholders continue to participate in what we believe Dale can become. ”

About Element79

Element79 Gold Corp. is a mining company focused on the exploration and development of its portfolio of high-potential gold projects. Element79’s focus is its Nevada portfolio, anchored by the Gold Mountain and Elephant Projects, both located in the world-class Battle Mountain Trend.

For further details on this announcement and Element79’s projects, please visit www.element79.gold

Contact Information

For corporate matters, please contact:

Michael Smith, Chief Executive Officer

E-mail: ms@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department

Phone: +1.403.850.8050

E-mail: investors@element79.gold

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This press contains "forward ‐ looking information" and "forward-looking statements" under applicable securities laws (collectively, "forward ‐ looking statements"). These statements relate to future events or Synergy's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: Synergy’s future exploration work. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward ‐ looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward ‐ looking statements".

Forward-looking information is, by its nature, subject to numerous risks and uncertainties, some of which are beyond the Company's control. The forward-looking information contained in this news release is based on certain expectations and assumptions made by the Company, including expectations and assumptions concerning Synergy’s future exploration work.

Forward-looking information is subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this news release. The key risks and uncertainties include, but are not limited to: general global economic, market and business conditions; and other factors, many of which are beyond the control of the Company. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the timing of the Arrangement or whether the Arrangement will be completed.

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