Mr. Derek Macpherson reports

GOLD79 ANNOUNCES ISSUANCE OF SHARES FOR GOLD CHAIN OPTION PAYMENT

Gold79 Mines Ltd. has issued 2,062,548 common shares of the company in connection with a $48,000 (U.S.) ($63,283) share payment due under the option agreement covering a portion of the company's landholdings for the Gold Chain project in Arizona. The common shares issued have a statutory hold period until Dec. 15, 2023.

About Gold79 Mines Ltd.

Gold79 Mines is a TSX Venture Exchange-listed company focused on building ounces in the Southwest United States. Gold79 holds 100-per-cent earn-in option to purchase agreements on three gold projects: the Jefferson Canyon gold project and the Tip Top gold project, both located in Nevada, U.S., and the Gold Chain project located in Arizona, U.S. In addition, Gold79 holds a 32.3-per-cent interest in the Greyhound project, Nunavut, Canada, under joint venture by Agnico Eagle Mines Ltd.

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