Element79 Gold Reports Results of 2021 Dale Property Phase I Exploration Program, Announces Annual General Meeting - Seite 3

The Company will be conducting a hybrid meeting that allows registered shareholders and duly appointed proxyholders to participate both online and in person. The Company is offering a virtual format in order to provide shareholders with an equal opportunity to attend and participate at the AGM, regardless of the particular constraints, circumstances or risks that they may be facing as a result of COVID-19.

Participants may register in advance for the AGM at:

https://us02web.zoom.us/webinar/register/WN_0NwKnGDKSsWllx-4r5UGrg

Following registration, a confirmation email will be sent containing the toll free number and information about joining the meeting.

For further details explaining how to attend, and communicate at the AGM please see the Company's Management Information Circular dated May 20 ^th , 2022 filed under the Company's profile on SEDAR at https://www.sedar.com . Shareholders who have questions about voting their shares or attending the AGM may contact Investor Relations by email at [e-mail] .

About Element79 Gold

Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mining properties for gold and associated metals. Element79 Gold has acquired its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties, where it has recently completed a 43-101-compliant, pit-constrained mineral resource estimate reflecting an Inferred resource of 3.71 million ounces of gold equivalent* "AuEq" at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag)) with an effective date of Feb. 4, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which the Company is analyzing for further merit of exploration, along with the potential for sale or spin-out. In British Columbia, Element79 Gold has executed a Letter of Intent to acquire a private company which holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. In Peru, Element79 Gold has signed a letter of intent to acquire the business and assets of Calipuy Resources Inc., which holds 100% interest in the past producing Lucero Mine, one of the highest-grade underground mines to be commercially mined in Peru's history, as well as the past producing Machacala Mine. The Company also has an option to acquire 100% interest in the Dale Property which consists of 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. For more information about the Company, please visit www.element79.gold or www.element79gold.com