Mr. Richard Osmond reports

ELEMENT 29 ANNOUNCES INCLUSION OF RANDY SMALLWOOD AND GEORGE BRACK AS DIRECTOR NOMINEES AT THE UPCOMING AGM

Randy Smallwood and George Brack have been added as management nominees for election to Element 29 Resources Inc.'s board of directors at the company's upcoming virtual annual general meeting of shareholders (the AGM) schedulled to be held on Friday, Sept. 25, 2026.

Randy Smallwood profile

Mr. Smallwood is the non-executive chair of Wheaton Precious Metals Corp. and served as its chief executive officer from 2011 to 2026. He was involved in the founding of Wheaton and played a key role in its growth through the evaluation and acquisition of precious metals streaming opportunities. He previously held senior roles with Wheaton River Minerals Ltd. and Goldcorp, and has extensive public company board experience. He currently serves as chair of MineralsEd BC, a past chair and current board member of the World Gold Council, and a board member of Special Olympics BC and Mining4Life. Mr. Smallwood holds credentials in geological and mine engineering and received the Distinguished Alumni Award from the British Columbia Institute of Technology in 2015.

George Brack profile

Mr. Brack is the lead independent director of Wheaton Precious Metals and previously served as chair of its board of directors. He served as non-executive chair of Capstone Mining Corp. from 2011 to 2022 and subsequently as its lead independent director until May, 2023, and currently serves as a director of Dateline Resources Ltd., an Australian Securities Exchange-listed company. He brings 35 years of mining industry experience spanning exploration, corporate development and investment banking, with particular expertise in mergers and acquisitions and equity financing. Mr. Brack has held senior positions at Scotia Capital, Macquarie North America, Placer Dome, CIBC Wood Gundy and Rio Algom, and has extensive public-company board experience. He holds an MBA, a degree in geological engineering and the CFA designation.

Assuming the election of all management nominees set out in the circular by shareholders of the company at the AGM, Mr. Smallwood and Mr. Brack are expected to become the company's independent board members, serving alongside non-executive chair Brad Mercer, independent directors Patrick Elliott, Mary-Carmen Vera and Chet Idziszek, and executive director Richard Osmond.

AGM information

The company will hold its virtual AGM on Friday, Sept. 25, 2026, at 10 a.m. Pacific Time. In order to be permitted to vote and ask questions during the AGM, registered shareholders and duly appointed proxy holders must preregister prior to the proxy cut-off time at 10 a.m. Pacific Time on Wednesday, Sept. 23, 2026.

Further details regarding each management nominee for election to the company's board, including their background, qualifications and experience, can be found in the company's management information circular prepared in connection with the AGM, which has been filed under the company's profile on SEDAR+ and is also available on the company's corporate website. Shareholders are encouraged to review the circular and related AGM meeting materials in advance of the AGM.

Qualified person

The scientific and technical content of this news release has been reviewed and approved by Richard Osmond (PGeo), Element 29's president and chief executive officer, who is the qualified person as defined by National Instrument 43-101 -- Standards for Disclosure for Mineral Projects.

About Element 29 Resources Inc.

Element 29 is an emerging junior resource company with a highly experienced management team and board focused on the discovery and advancement of copper projects in Pert, one of the lowest-cost, lowest-risk mining jurisdictions globally. The company's flagship project is the Elida porphyry Cu-Mo-Ag (copper-molybdenum-silver) deposit in west-central Pert, which has an initial pit-constrained inferred mineral resource estimate of 321.7 million tonnes grading 0.32 per cent Cu, 0.03 per cent Mo and 2.61 g/t Ag at a 0.2 per cent Cu cut-off grade. Alongside Elida, the company has three early stage, highly prospective porphyry Cu projects in Peru that include the Flor de Cobre porphyry Cu-Mo prospect situated in the Southern Pert copper belt, just 26 km from the Cerro Verde copper mine (Freeport-Buenaventura), as well as the Paka and Pahuay porphyry Cu skarn prospects. All projects are well located for future mine development and will benefit from nearby infrastructure including roads, power infrastructure, ports, water and a skilled work force.

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