Mr. James Tworek reports

ELEMENT79 GOLD CORP. PROVIDES CHACHAS COMMUNITY UPDATE

Element79 Gold Corp. has provided an update on the latest Chachas community engagement and continuing efforts for its Minas Lucero project in Arequipa, Peru.

Continuing communication and support with Chachas

As an update to the company's news release on March 11, 2024, the company continues to maintain positive and open lines of communication with key stakeholders in the Chachas community. Now that the rainy season weather conditions are lessening, the community as well as Element79's community team have returned to Chachas, Arequipa, with renewed vigour for the new year. Some items to look forward to in the coming days and weeks:

• Local presence: The company continues to maintain its office in Chachas, along with an on-the-ground community assistant in Chachas to monitor developments and maintain direct communication.
• Community interaction: Continuing dialogue with local stakeholders, community leaders and working at responding to direct inquiries of the company's intended work plans in 2025 and beyond.
• Weather-related impact: Heavy rains and landslides common to this season have affected roads in and around Chachas, and working at clearing and repairing these are a priority for all community members, for safety and logistical purposes. This weather has suspended artisanal mining operations in the area into April, although they are anticipated to recommence shortly.

Coming multistakeholder meetings in the Chachas region

As the communities of the general region get prepared for work after the rainy season, the spring general assembly meeting has been set for April 12, 2025. As evidenced in the community notice from the Chachas main town hall, Element79 Gold is directly on the agenda for discussing coming exploration and development plans as well as pursuing the completion of long-term surface agreements and undergoing the process of formalization of existing Reinfo small-scale mining permits, along with the company's mineral leases.

The company will provide further updates and action items in due course following the above-mentioned meeting on April 12, 2025.

Commitment to responsible mining

Element79 Gold remains dedicated to transparent dialogue, responsible community and resource development, and long-term profitable and mutually beneficial community partnerships. The company will continue to provide updates as these initiatives progress.

About Element79 Gold Corp.

Element79 Gold is a mining company focused on exploring and developing its past-producing, high-grade gold and silver project, Lucero, located in Chachas, Arequipa, Peru. The company is committed to advancing responsible mining practices and maintaining strong relationships with local communities to support sustainable development.

The company also holds several exploration projects along Nevada's Battle Mountain trend, a region renowned for prolific gold production, and these assets are under contract for sale in the first half of 2025. Additionally, Element79 has recently transferred its Dale property in Ontario to its subsidiary, Synergy Metals Corp., as part of a spinout process.

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