Mr. Quentin Mai reports

GOLD79 APPOINTS QUENTIN MAI AS CEO AND DIRECTOR

Gold79 Mines Ltd. has appointed Quentin Mai as chief executive officer and a director, effective Dec. 13, 2024. Mr. Mai remains president of the company. In conjunction with this appointment, Derek Macpherson has resigned as CEO and remains executive chairman and a director. Ehsan Agahi has stepped down as director to pursue other opportunities.

"Successfully completing the $6.1-million raise positioned Gold79 to initiate its drill program to rapidly advance Gold Chain towards a maiden resource," Mr. Mai stated. "The initial core drill program is now completed, and with results anticipated in the New Year, we are already planning the next phase of drilling."

Mr. Mai has over 25 years of capital market and corporate communications experience working with successful early-stage growth companies from mineral discovery to production. Mr. Mai spent over 10 years at Corvus Gold, from its founding to eventual sale to AngloGold Ashanti for $570-million. Corvus's North Bullfrog project forms a part of AngloGold's greater-than-10-million=gold-ounce greenfield projects being developed in Nevada. Prior to Corvus, Mr. Mai was vice-president of business development for International Tower Hill from its inception to its peak valuation exceeding a $800-million market capitalization in 2010, helping to raise over $250-million.

About Gold79 Mines Ltd.

Gold79 Mines is focused on building ounces in the southwestern United States. Gold79 has five gold projects, two of which are partnered with major gold producers (Kinross at Jefferson Canyon and Agnico Eagle at Greyhound). Gold79 is focused on establishing a maiden resource at its Gold Chain project in Arizona while advancing its Jefferson North and Tip Top projects in Nevada.

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