Mr. James Tworek reports

ELEMENT79 ANNOUNCES EXTENSION TO PROPOSED SPIN OUT AND MERGER

Element79 Gold Corp., in connection with its previously announced proposed arrangement transaction with Synergy Metals Corp., pursuant to an arrangement agreement dated Jan. 10, 2025, has entered an amending agreement dated April 30, 2025, to extend the proposed deadline for completion of the transactions contemplated by the arrangement agreement to Aug. 31, 2025.

The company also announces that, in connection with the previously announced amalgamation anticipated to follow such arrangement pursuant to a merger agreement dated Jan. 10, 2025, between Synergy, Synergy's wholly owned subsidiary, 1515041 B.C. Ltd. (Synergy Subco), and 1425957 B.C. Ltd. (142), it has entered an amending agreement dated April 30, 2025, to extend outside date for completion of the transactions contemplated by the merger agreement to Aug. 31, 2025.

The company remains committed to both the proposed arrangement and the subsequent proposed amalgamation of Synergy Subco and 142 in connection with the acquisition by Synergy of all of the issued and outstanding shares of 142, as further described in its news release dated Jan. 13, 2025.

We seek Safe Harbor.