New Leadership Steers E79 Resources Forward

• E79 Resources is a gold exploration company under the leadership of CEO Pat Donnelly, who joined in May.
• The company focuses on drilling and exploration activities in the Victorian Goldfields in Australia, a region also hosting the high-grade Fosterville mine.
• Currently, they are drilling at the Myrtle Ford and Beaufort properties and have been identifying high-grade gold intercepts with plans to continue over the coming months.
• E79 Resources has a strong financial position with $7 million in cash and a knowledgeable management team, including VP of Exploration Shane Melly.
• Despite some share price challenges since last year, the company remains optimistic about its prospects, emphasizing the quality of its assets and the promising potential in the region.

About E79 Resources

E79 Resources has set its sights on uncovering deposits akin to those at the prolific Fosterville mine within its Beaufort and Myrtleford projects in Victoria's goldfields. The Myrtleford land package represents the consolidation of an entire historical mining district, encompassing over 70 past-producing small-scale gold mines whose earlier exploitation generally halted at the water table. At Beaufort, the potential exists to explore for a primary bedrock source along a structure with known regional gold endowment that could have supplied a substantial alluvial goldfield.

Interview with Patrick Donnelly, President & CEO of E79 Resources

Renewed Focus Under New Leadership

Donnelly brings over 10 years of experience as an exploration geologist along with finance and capital markets expertise. He aims to clearly articulate E79's value proposition to the market after a period of muted communication.

Key priorities include efficient allocation of drilling capital, strengthening technical capabilities, and communicating regularly with shareholders. Donnelly's goal is to demonstrate the potential for E79 to become a multi-million ounce producer like the nearby Fosterville mine.

The company has A$7 million in cash, providing a 1-2 year runway for exploration. Donnelly plans to allocate 70-80% towards drilling high priority targets across E79's properties.

Drill Program Targeting High Grade Gold

E79 is focused on the highly prospective Victorian Goldfields, home to the world-class Fosterville mine owned by Kirkland Lake Gold. The region has historically produced over 60 million ounces of gold.

E79's flagship Happy Valley property hosts high grade mineralization, with recent intercepts including 11m at 160 g/t Au. The company is also drilling at Twist Creek where visible gold has been observed.

According to Donnelly, "We have no problems finding gold - that's the easy part." The priority is to systematically test and expand known zones of high grade mineralization. E79's portfolio provides dozens of compelling drill targets to pursue.

Strong Local Operational Expertise

In late 2021, E79 brought on Shane Mele as VP Exploration to lead operations on the ground in Australia. Mele has extensive experience exploring for Victorian-style gold deposits.

Donnelly expressed confidence in the capabilities of the local team to efficiently execute E79's strategy. Cost-effective exploration is enabled by the benign operating environment.

Some key risks and opportunities for investors in E79 Resources

Risks:

• Exploration and development - Mineral exploration and development has inherent risks. Drill targets may not live up to expectations. Additional funding may be needed to advance projects.
• Commodity price fluctuations - As a gold exploration company, E79 is exposed to gold price volatility. Lower gold prices could impact project economics.
• Execution risks - E79's success hinges on the new management team's ability to execute their exploration strategy and operate efficiently.
• Dilution - Additional equity financings may be required in the future, potentially diluting current shareholders.

Opportunities:

• Significant exploration upside - E79's properties demonstrate high grade gold potential that is underexplored. New discoveries could substantially increase value.
• Rising gold prices - In a bullish gold market, interest in gold exploration companies like E79 may increase, potentially re-rating shares higher.
• Near-term catalysts - Assay results from ongoing drill programs offer regular catalysts for share price appreciation on positive results.
• Consolidation potential - In success, E79 could become an attractive takeover target for a major gold producer active in the region.
• Experienced leadership - The new CEO brings technical expertise and capital markets experience that could unlock value.

Conclusion

E79 Resources offers exposure to a premier gold jurisdiction with walk-up drill targets defined. The current share price around C$0.20 appears disconnected from the high graderesults achieved to date.

With capable leadership now installed and funded drill programs commencing, E79 is positioned to systematically demonstrate the potential scale of its Australian projects. Positive assay results over the coming months could catalyze re-rating of the stock.

The company's proximity to Fosterville provides analogues for the magnitudes of mineralization possible. Investors with appetite for speculative exploration success could be rewarded as E79's renewed strategy is executed.