Mr. James Tworek reports

ELEMENT 79 GOLD - ADVANCEMENTS IN FIELD WORK AND COMMUNITY RELATIONS IN LUCERO REGION

Element 79 Gold Corp. has provided a comprehensive update on the recent advancements in geologic fieldwork and community relations initiatives in the Apacheta and Sando Alcalde areas of its flagship Lucero property.

Geological fieldwork progress

Recent fieldwork was focused on surface mapping (1:2,500 scale) as well as surface and underground sampling at the Apacheta and Sando Alcalde areas. Despite adverse weather conditions affecting surface work, underground work at Sando Alcalde commenced on Saturday, Sept. 21, following authorization from the community of Chachas, RRCC. The achievements include:

• Mine workings mapping: 1,400 linear metres covered, representing 40 per cent more than the initial target schedule;
• Surface geological mapping (1:2,500 scale): A total of 360 hectares were mapped, contributing to a cumulative total of more than 400 hectares;
• Field stations: 98 established, with a cumulative total of 279;
• Samples collected: A total of 111 samples have been collected and sent to Certimin Laboratory (33 surface, 64 underground and 14 quality assurance/quality control).

Recent reports highlight substantial progress in fieldwork and surface sampling, of the Apacheta area mapping now 75 per cent complete.

Geological observations

Mineralization occurs within vein-faults at both the bottom and top. On the surface, it manifests as a siliceous ledge with iron-manganese oxides and an argillic halo. Three distinct surface events have been identified: massive grey silica, whitish silica and drusy quartz filling cavities with OxFe.

There are two main structure types:

1. Base metal structure: Comprising galena-sphalerite-pyrite (first event), rhodochrosite-rhodonite-silica (brecciating sulphides, second event), galena-pyrite-chalcopyrite band to the vein footwall (third event) and drusy quartz with OxFe filling cavities (fourth event);
2. Silica-sulphide structure: Characterized by a central suture of tens of centimetres of grey silica-pyrite-chalcopyrite-galena filled with drusy quartz and clay-OxFe halos.

Near these structures alteration of grey to whitish silica with clays (possibly dickite?) is prevalent, showing moderate to strong argillic alteration. Halos generally do not exceed two metres in width. As one moves away from the structures, the predominant alteration shifts to a weak to moderate chlorite-epidote-calcite (propylitic halo).

The structural orientation follows three main controls: AZ 330 degrees for main veins, east-west for faults and secondary veins, and AZ 60 degrees for some faults and the emplacement of the dacitic intrusive.

The ground team has recommended defining ore shoot projection and barren zones through orientation sampling by sectors.

Community relations and social affairs

Recent social affairs initiatives include:

• Support in the geology area: Permanent monitoring during the day to avoid disruption of data collection activities;
• Engagement with artisanal miners: Visits to working areas to build positive relations and awareness with artisanal miners in the upper parts of Lomas Doradas;
• Dialogue with community leaders: Personal dialogue with leaders and the president of Lomas Doras and co-ordinate the entry of geologists for mapping activities;
• Co-ordination for entry to galleries: Co-ordination with the president of the Chachas community and the president of Lomas Doradas for entry to active mining galleries, ensuring safety through collaboration with project managers and security;
• Community initiatives: Continuing efforts including the co-ordination of the formal delivery of the pipe donation to be used by the Chachas community water conveyance project.

Element 79 Gold remains committed to transparency, community engagement and the responsible development of its Lucero property. The company looks forward to continued progress and collaboration with the local community.

Qualified person

The technical information in this release has been reviewed and verified by Neil Pettigrew, MSc, PGeo, director of Element79 Gold and a qualified person as defined by National Instrument 43-101.

About Element79 Gold Corp.

Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in the near term.

We seek Safe Harbor.