Mr. Ryan Kalt reports

79 RESOURCES LTD. ANNOUNCES FINANCING AND PROVIDES CORPORATE UPDATE

79 Resources Ltd. intends to conduct a non-brokered private placement to raise capital and it is providing a corporate update.

Financing

The corporation reports that it intends to conduct a non-brokered common share unit financing consisting of up to one million common share units to be issued at a price of two cents per unit.

Each unit will consist of one common share of the corporation and one common share purchase warrant that entitles the holder of a warrant, upon further payment to the corporation, to acquire one additional common share of the corporation at an exercise price of five cents per warrant share on any date prior to the date which is 60 months following the closing date of the financing or tranche thereunder.

The corporation intends to use the proceeds of the financing for working capital purposes and, if closed upon, for the purchase of mining claims set forth herein.

The corporation may pay a 6-per-cent cash finder's fee on certain subscriptions under the financing, if applicable.

Insiders (as that term is defined by securities laws) may participate for 25 per cent or more of the financing in effort to support the financial position of the corporation.

The financing is subject to all applicable regulatory approvals as well as a customary four-month hold period on securities issued, all as pursuant to applicable securities laws of Canada.

Corporate update -- mining claims

The corporation reports that it intends to purchase two separate sets of mining claims which, if both are closed upon, have an aggregate purchase cost of $18,211.31 (further detailed herein), alongside royalty assumption.

Corvette Lake lithium project (Quebec)

The corporation intends to acquire 104 mining claims (totalling approximately 5,200 hectares), pursuant to a purchase agreement with Calgary-based Phoenix Mining Corp. (an entity owned by Ryan Kalt (a person related to the issuer)) whereby the corporation shall pay $17,340 to Phoenix Mining, such $17,340 being equal to Crown fees remitted to the government of Quebec in issuance of the aforementioned 104 mining claims, and such amount due to Phoenix Mining on or before April 15, 2024, in order to close upon the purchase. Upon closing, a pre-existing 2-per-cent gross royalty on the claims would be assumed by the corporation.

Edison copper and precious stone project (Saskatchewan)

The corporation intends to acquire two mining claims (MC00017255 and MC00017256 totalling approximately 1,452 ha), pursuant to a purchase agreement with Phoenix Mining (an entity owned by Mr. Kalt (a person related to the issuer)) whereby the corporation shall pay $871.31 to Phoenix Mining, such $871.31 being equal to Crown fees remitted to the government of Saskatchewan in issuance of the aforementioned two mining claims and such amount due to Phoenix Mining on or before April 15, 2024, in order to close upon the purchase. Upon closing, a pre-existing 2-per-cent gross royalty on the claims would be assumed by the corporation.

About 79 Resources Ltd.

79 Resources is a Vancouver-based junior mining exploration company. Traded on the Canadian Securities Exchange under the symbol SNR, the corporation seeks to acquire, explore and develop mineral exploration projects.

79 Resources currently holds the Five Point copper-gold project in British Columbia and the North Preston uranium project in Saskatchewan.

We seek Safe Harbor.