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ECU.V ·

Element 29 Announces New Board Nominees

Management Changes

Element 29 Announces New Board Nominees

Vancouver, British Columbia--(Newsfile Corp. - June 3, 2024) - Element 29 Resources Inc.

(TSXV:

ECU) (OTCQB: EMTRF) (BVL: ECU)

("

Element 29

" or the "

Company

") announces the upcoming

retirement of Mr. Robert Willis and welcomes Mr. Brad Mercer, Mr. Chet Idziszek, and Ms. Mary-Carmen

Vera as new independent board nominees for election at the 2024 Annual General Meeting ("Meeting")

to be held on June 27, 2024. The Meeting materials have been published and mailed to shareholders

and can also be found on SEDAR+ (

www.sedarplus.ca

) as well as on the Company's website.

Following an extensive search by the Corporate Governance and Nomination Committee, Mr. Brad

Mercer, Mr. Chet Idziszek and Ms. Mary-Carmen Vera have been nominated alongside existing

directors, Mr. Richard Osmond and Mr. Patrick Elliott, for election at the upcoming Meeting.

Mr. Robert Willis has announced his retirement from the Board of Directors and will not be standing for

re-election.

Brad Mercer

is a professional geoscientist who retired in 2022 from his executive role as Chief

Operating Officer for Capstone Copper Corp. after 17 years of service and helping to build Capstone

from a $20 million into a $5 billion company.

Chet Idziszek

has over 40 years of experience as an exploration geologist and junior mining company

executive during which time he has won several prestigious exploration awards including the Prospector

of the Year award from the PDAC in 1994 for his roles in the discovery of the Eskay Creek gold-rich

VMS deposit in northern British Columbia and the Cobre Panama porphyry copper deposit in the

Republic of Panama.

Mary-Carmen Vera

is a Peruvian geological engineer and member of the Board of Directors for the

PDAC with extensive experience in the development and management of ESG and Sustainability Best

Practices for the mining and mineral exploration sectors.

Please refer to the Meeting materials for complete biographies of each of the three nominees.

The Company has granted 50,000 deferred share units, ("DSUs") to a director of the Company. The

DSUs are governed by the Company's RSU/DSU Plan effective May 31, 2024.

About Element 29 Resources Inc.

Element 29 is an emerging copper exploration and development company focused on advancing its

portfolio of Peruvian projects towards development in one of the world's more established mining

jurisdictions.

The Company's principal objective is to explore and develop its Elida Porphyry Copper Deposit in west-

central Perú and its Flor de Cobre Porphyry Copper Project located in the Southern Perú Copper Belt,

26 km southeast from Freeport-McMoRan's Cerro Verde copper mine. Both projects are well located for

potential mine development and will benefit from nearby infrastructure including roads, powerlines, ports,

water, and a skilled workforce.

More information is available at

www.e29copper.com

.

For more information:

Richard Osmond, CEO and Director

1-888-246-7881

[email protected]

Neither the TSX Venture Exchange (the "

TSX-V

") nor its Regulation Service Provider (as that term is

defined in the policies of the TSX-V)

accepts responsibility for the adequacy or accuracy of this press

release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/211420