Mr. Richard Osmond reports

ELEMENT 29 RENEWS IR CONSULTANT AGREEMENT AND ENGAGES MARKET MAKER

Element 29 Resources Inc. has entered into an investor relations (IR) consultant agreement with Port Guichon Strategic Advisory (PGSA) as well as an agreement with Velocity Trade Capital Ltd. to provide market-making services to the company in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

IR consultant agreement

The renewal of the IR consulting agreement with PGSA starts July 3, 2026, for a term of 12 months and includes consideration of $10,000 per month for the first month and $6,000 per month thereafter. It replaces a previous 12-month agreement with PGSA that expired June 30, 2026. PGSA will continue to provide investor communications and outreach programs to increase awareness about the company through his established relationships with shareholders and the mining investment community. PGSA is located 880 53A St., Delta, B.C., V4M 3C9, and its principal, Kevin Guichon, currently holds 100,000 options at 54 cents and 250,000 options at $1.35 in Element 29. The agreement with PGSA is subject to approval by the TSX-V.

Market-maker agreement

In consideration for the market liquidity services, Element 29 has agreed to pay Velocity Trade a monthly fee equal to $8,000 per month, and, after a period of 60 days, either party may terminate the contract by providing the other with 30 days of prior written notice of termination. Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ont., and is registered for trading in the provinces of Ontario, Quebec, British Columbia, Alberta and Manitoba. Velocity Trade is a member of the TMX and the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm and its affiliate companies are regulated internationally by the United Kingdom's Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS), among others.

Velocity Trade will manage trading of the company's shares from time to time for the purpose of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the company's shares. The financing and securities required for these services undertaken will be provided by Velocity Trade.

Velocity Trade and Element 29 are not related parties and have no other agreements other than the market liquidity agreement, which is the subject of this news release. The agreement with Velocity Trade is subject to acceptance of the TSX-V.

Elida project update

Diamond drilling continues at Elida with two drill rigs on site. The company has completed 43 drill holes for 28,079 metres of diamond drilling to date on the Elida deposit, including 4,856 metres completed in 2026. Core assay results are pending for holes ELID042 and ELID043 and the extension of ELID035.

Based on just 14,361 metres of drilling, Element 29 completed an independent, pit-constrained inferred mineral resource estimate (MRE) on the Elida deposit in late 2022, which outlined 321.7 million tonnes of 0.32 per cent copper, 0.029 per cent molybdenum and 2.61 grams per tonne silver at a 0.2-per-cent-copper cut-off grade and a 0.74:1 strip ratio. An additional 13,718 metres of diamond drilling has been completed at Elida since the MRE was reported.

About Element 29 Resources Inc.

Element 29 is an emerging junior resource company with a highly experienced management team and board focused on exploring and potentially developing copper deposits in Peru, one of the lowest-cost, lowest-risk mining jurisdictions globally.

The company's principal objective is to explore and significantly expand its Elida Porphyry copper-molybdenum-silver deposit in west-central Peru. Alongside Elida, the company has three early-stage, highly prospective porphyry copper projects in Peru for more than 27,000 hectares of titled concession. These include the Flor de Cobre porphyry copper-molybdenum prospect situated in the Southern Peru copper belt, just 26 kilometres from the Cerro Verde copper mine (Freeport-Buenaventura) as well as the Paka and Pahuay porphyry copper skarn prospects related to potential Tertiary-aged, mineralized porphyry complexes intruding along the eastern margin of the Peruvian Coastal batholith.

All projects are well located for future mine development and will benefit from nearby infrastructure, including roads, power lines, ports, water and a skilled work force.

Notes:

1. The mineral resource estimate information is available in "NI 43-101 Technical Report, Mineral Resource Estimation of the Elida Porphyry Copper Project in Peru," dated Sept. 20, 2022, and prepared in accordance with Form 43-101F1 by Marc Jutras, PEng, MASc, Ginto Consulting Inc.
2. This news release contains information about adjacent properties on which Element 29 has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the company's properties.

We seek Safe Harbor.