Promising Early Gold Exploration Results for Gold79 Mines in Nevada

• Gold79 Mines is exploring 3 projects in Arizona and Nevada, with recent encouraging drill results from their Gold Chain project.
• At the Gold Chain project, they discovered a new high grade zone of 9m at 51 g/t Au and extended the strike length to over 1km.
• They completed a 12 hole, 1000m shallow RC drilling program at Gold Chain in early 2022.
• The drilling program was funded through a financing raised after signing an option agreement on their Jefferson Canyon project with Kinross.
• Next steps are more mapping and sampling to understand the new high grade structure before planning the next phase of drilling likely in late 2023.

About Gold79 Mines Limited

Gold79 Mines Limited is a Canadian-based precious metals exploration company focused on acquiring and advancing high-potential exploration assets in the southwest United States. The company's current portfolio includes three gold exploration projects located in Nevada and Arizona.

Gold79 Mines is led by President and CEO Derek McPherson, who brings extensive capital markets and exploration experience to the company. The management team and board have backgrounds in geology, engineering, finance, and mining that provide expertise for advancing exploration projects.

Interview with Derek Macpherson, President and CEO of Gold79 Mines

Recent Drilling Success at Gold Chain Project

Gold79's flagship property is the Gold Chain project located in Mohave County, Arizona. Gold Chain encompasses a district-scale epithermal gold system with historic small-scale production. It includes three patented claims that provide year-round access for drilling and exploration.

The company recently completed a 12-hole, 1,000 meter reverse circulation (RC) drill program at Gold Chain focused on the main Tyro zone. Highlights include an intercept of 9 meters grading 51.3 g/t gold starting at 60 meters depth. This newly discovered high-grade structure appears related to the Whitesmar fault that intersects the main Tyro vein zone.

Additional highlights at Tyro include 44 meters at 2.01 g/t gold and 21 meters at 2.13 g/t gold. These results demonstrate continuity of broader lower-grade mineralization, with drilling defining over 500 meters of strike length averaging over 2 g/t gold. Mineralization remains open along strike and at depth.

The company is planning detailed mapping and sampling focused on the Whitesmar fault structure before additional drilling. The goal is to better understand this new high-grade target and its relationship with the main Tyro zone. This work could lead into a 2,000 meter summer drill program, followed by more extensive drilling in the fall.

Well-Positioned for Additional Exploration Upside

In addition to the flagship Gold Chain project, Gold79 has an attractive portfolio of earlier stage exploration properties. The company recently secured an option agreement with major miner Kinross Gold on the Jefferson Canyon project located in Nevada.

As part of the option terms, Kinross must spend approximately $600,000 on exploration work including drilling at Jefferson Canyon in 2023. Gold79 is currently working on securing the required drill permits, which would allow Kinross to complete its initial exploration commitments.

The third asset in the company's portfolio is the Tip Top gold-silver project, also located in Nevada. Tip Top covers a largely under-explored district-scale system with grab samples up to 4.5 g/t gold. While early-stage, this large property provides significant optionality.

Gold79 Mines is in the process of strengthening its balance sheet to support accelerated exploration activities focused on expanding resources at its Gold Chain project. The recently announced high-grade results provide important validation and have generated renewed market interest.

Conclusion

With proven exploration success and significant upside potential, Gold79 Mines presents an attractive investment opportunity:

• Gold Chain is demonstrating continuity of a large near-surface epithermal gold system with grades exceeding 2 g/t gold over 500+ meters of strike.
• New high-grade mineralization identified, open for expansion along strike and at depth through further drilling.
• Management team and board with extensive mining, geology and capital markets expertise to unlock value.
• Partnership with major miner Kinross validates exploration potential at Jefferson Canyon project.
• Well-positioned to attract investment capital to fund accelerated exploration and resource delineation.

Gold79 Mines combines an impressive portfolio of exploration assets with strategic access to capital and key partnerships. As the company continues to advance Gold Chain and expand its resources, Gold79 represents an attractive investment in a rising gold market.