Mr. Michael Smith reports

ELEMENT79 GOLD CORP OBTAINS 2-YEAR EXTENSION OF DRILLING PERMIT FOR GOLD MOUNTAIN PROJECT

Element79 Gold Corp. has secured a two-year extension of its drilling permit for its 100-per-cent-owned Gold Mountain project (formerly known as Long Peak), located along the prolific Battle Mountain trend in Nevada, United States.

Advancing Nevada exploration strategy

The Gold Mountain project is a cornerstone of Element79's Nevada portfolio. Historical work and technical studies have highlighted drill-ready targets that will be central to the company's exploration focus over the next two years. With the permit extension secured, Element79 can move forward confidently with its development strategy in one of the world's most productive gold jurisdictions.

"Securing this two-year permit extension is a crucial step in ensuring continuity of our exploration strategy at Gold Mountain," commented Michael Smith, chief executive officer of Element79 Gold. "We are now positioned to execute on our drill programs and advance the project toward resource development, with the intent of building long-term value for our shareholders."

About the Gold Mountain project

The Gold Mountain project, located along Nevada's Battle Mountain trend, is considered drill-ready with multiple high-priority targets already defined. Previous exploration has identified significant gold mineralization potential, with favourable geology consistent with major deposits in the region. Element79 Gold Corp. has recently obtained a 43-101 property of merit technical report, compiling historic data, with completion and filing of the NI 43-101 technical report on Sept. 3, 2025.

Element79 intends to commence drilling activities under the extended permit to further delineate these targets and unlock further value in the project.

Qualified person

The technical information in this release has been reviewed and approved by Kim Kirkland, fellow of AusIMM No. 309585, chief operating officer of Element79 Gold, a qualified person as defined by National Instrument 43-101.

About Element79 Gold Corp.

Element79 is a mining company focused on the exploration and development of high-potential gold and silver projects. The company's main focus is its Lucero project, a past-producing, high-grade gold and silver mine in Arequipa, Peru, with near-term production potential. In Nevada, the company is advancing its Gold Mountain and Elephant projects along the Battle Mountain trend, a world-class gold district. Element79 is also completing the spinout of its Dale property in Ontario into its wholly owned subsidiary Synergy Metals Corp.

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