Mr. James Tworek reports

ELEMENT79 GOLD CORP. APPOINTS KEVIN ARIAS AS ADVISOR TO THE BOARD OF DIRECTORS, STRENGTHENING STRATEGIC LEADERSHIP

Element79 Gold Corp. has appointed Kevin Arias to the company's advisory board.

With over two decades of experience across industries such as mining, energy and corporate finance, Mr. Arias brings a wealth of knowledge and expertise to the company. His strong background in business development, investor relations, securities and corporate communications, combined with a proven record in raising over $100-million since 2008, positions him as a valuable addition to the Element79 team.

Mr. Arias currently serves as managing director at Maple Grove Capital Inc., where he has honed his skills in navigating the complex landscapes of upstream energy, mining and metals sectors. His prior roles include vice-president of corporate relations for Red Eagle Mining, Black Eagle Mining and Slater Mining, as well as positions with Dundee Securities Corp. and Scotia McLeod, further showcasing his versatility and leadership within the industry.

James Tworek, chief executive officer of Element79, commented: "We are thrilled to welcome Kevin to as an adviser to our board. His extensive experience in corporate finance and investor relations will be instrumental as we continue to grow and achieve new milestones for the company."

Mr. Arias has studied finance and marketing at Simon Fraser University, Vancouver, B.C. He will begin his advisory role immediately, providing strategic guidance in corporate finance as Element79 moves forward with to fund its exploration and development projects.

Closing of private placement

Having already successfully oversubscribed its former capital raising goal on July 12, 2024, for $288,815, the company is formally closing the private placement.

About Element79 Gold Corp.

Element79 Gold is a precious metals mining company with a focus on exploring and 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.