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Element 79 Gold Announces AGM Results

Shareholder Meetings

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Element 79 Gold Announces AGM Results

VANCOUVER, BC / THENEWSWIRE / June 20, 2023 – Element 79 Gold Corp. (CSE: ELEM)(OTC: ELMGF)(FSE:

7YS) ("Element 79 Gold", the "Company") ) i s p l e a s e d t o a n n o u n c e t h e v o � n g r e s u l t s f r o m i t s Annual

General Mee�ng of Shareholders (the "Mee�ng"), held on June 19, 2023.

Shareholders voted in favour of all maters of business before the Mee�ng. Each of those maters is set

out in detail in the Management Informa�on Circular published in connec�on with the Mee�ng, which is

available on the Company's website www.element79.gold.

A total of 14,231,396 common shares, represen�ng approximately 13.46 of the Company's outstanding

common shares, were voted in person and by proxy at the Mee�ng. Shareholders voted in favour of (a)

reappoin�ng SHIM & Associates LLP Char tered Professional Accountants as auditors of the Company

(99.43% in favour), and (b) se�ng the number of directors at four (99.87% in favour).

Elec�on of Directors

The following nominees listed in the Management Informa�on Circular were elected as directors of the

Company un�l the next annual mee�ng of shareholders or un�l th e successors are elected or appointed,

with the vo�ng results being as follows:

Nominee Votes For

%

For

Votes

Withheld

%

Withheld

NEIL PETTIGREW 14,075,780 98.90 155,616 1.09

SHANE WILLIAMS 14,075,780 98.90 155,616 1.09

ZARA KANJI 14,075,265 98.90 156,131 1.09

ANTONIOS

MARAGAKIS 14,075,265 98.90 156,131 1.09

About Element79 Gold

Element79 Gold is a mining company focused on gold, silver and associated metals and commited to

maximizing shareholder value through responsible mining prac�ces and sustainable development of its

projects. Element79 Gold 's main focus is on two core proper�es: developing its previously -producing,

high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the in tent to bring it

back into produc�on in the near term; and its flagship Maverick Springs Project located in the famous gold

mining district of northeastern Nevada, USA, between the Elko and White Pine Coun�es. Maverick Springs

hosts a 43 -101-compliant, pit-constrained mineral resource es�mate reflec�ng 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 effec�ve date of October 19, 2022. The acquisi�on of the Maverick Springs Project also included

a por�olio of 15 proper�es along the Batle Mountain trend in Nevada, which are non-core to its primary

business focus. In Bri�sh Columbia, Element79 Gold has executed a Leter of Intent and funded a drilling

program to acquire a private company that holds the op�on to 100% interest of the Snowbird High-Grade

Gold Project, which consists of 10 mineral claims located in Central Bri�sh Columbia, approximately 20km

west of Fort St. James. The Company also has an op�on to acq uire a 100% interest in the Dale Property,

90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the

Timmins Mining Division, Dale Township. The Company is analyzing the non -core Nevada projects, The

Dale Property and Snowbird Property for further merit of explora�on, sale or spin-out.

For more informa�on about the Company, please visit www.element79.gold

Contact Informa�on:

James C. Tworek, Chief Execu�ve Officer E-mail: [email protected]

For investor rela�ons inquiries, please contact:

Investor Rela�ons Department – Dylan Anderson

Phone: +1 (613) 879-9387

E-mail: [email protected]

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the

Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.