ELEM.CN · 2025-03-06 12:00:00

ELEMENT79 Announces Revocation of MCTO

Listings & Exchange Regulatory & Compliance

Vancouver – TheNewswire – March 6, 2025 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF)

(FSE:7YS) ("Element79 Gold", the "Company") is pleased to announce that effective March 5, 2025,

the British Columbia Securities Commission (“BCSC”) has revoked the temporary management cease

trade order (the "MCTO") which prevented the Company’s Officers, Board and Insiders from trading in

the Company’s securities but did not affect the ability of other shareholders, including the public, to trade

in the securities of the Company.

The Company confirms that on Feb 26, 2025, the filing of the audited annual financial statements for the

year ended August 31, 2024, along with the management's discussion and analysis and related CEO and

CFO certificates (the “2024 Filings”) for the period, which were required to be filed on or before

December 30, 2024, were filed. On March 3, 2025 the quarterly financial statements for the three months

ended November 30, 2024, along with the management's discussion and analysis and related CEO and

CFO certificates (the “2025 Q1 Filings”) for the period, which were filed. Copies of the Required Filings

are available under the Company’s SEDAR+ profile at www.sedarplus.ca.

The Company is also no longer listed as being in default on the BCSC’s reporting issuer list and on the

reporting issuer list, or default list, of each jurisdiction of Canada in which it is a reporting issuer to the

extent that such jurisdiction maintains a list and the Corporation's Officers, Board and Insiders are no

longer prevented from trading in the Corporation's securities.

Clarification on Crescita Capital LLC Warrants

The Corporation wishes to clarify the number of securities issued to Crescita Capital LLC as disclosed in

it Feb 28, 2025 news release, the number of Share purchase Warrants (the “Warrants”) Issued to Crescita

were 2,939,965. The Warrants were issued per the terms of the Crescita Equity Investment Facility

Agreement, the Warrants are exercisable for a period of five years at a Price of $0.05 per share.

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

For investor relations inquiries, please contact:

Investor Relations Department

Phone: +1 (403)850.8050

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.

Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within

the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to,

statements or information concerning future work programs, results and timing of any work programs, the Company’s

performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations

and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other

factors which may cause actual results, performance or events to be materially different from those expressed or implied by

such forward-looking statements.