ELEMENT79 GOLD Corp Obtains 2-YEAR Extension of Drilling Permit FOR GOLD Mountain Project
ELEMENT79 GOLD CORP OBTAINS 2- YEAR EXTENSION OF DRILLING PERMIT FOR
GOLD MOUNTAIN PROJECT
Vancouver, BC – September 16, 2025 – TheNewswire – Element79 Gold Corp
(CSE:ELEM) (FSE:7YS0) (OTC:ELMGF) (the “Company” or “Element79”) is pleased to
announce that it has secured a two-year extension of its drilling permit for its 100% -owned
Gold Mountain Project (formerly known as Long Peak), located along the prolific Battle
Mountain trend in Nevada, USA.
Advancing Nevada Exploration Strategy
The Gold Mountain Project is a cornerstone of Element79’s Nevada portfolio. Historical
work and technical studies have highlighted drill -ready targets that will be central to the
Company’s exploration focus over the next two years. With the permit extension now
secured, Element79 can move forward confidently with its development strategy in one of
the world’s most productive gold jurisdictions.
“Securing this two -year permit extension is a crucial step in ensuring continuity of our
exploration strategy at Gold Mountain,” commented Michale Smith, CEO of Element79 Gold.
“We are now positioned to execute on our drill programs and advance the project toward
resource development, with the intent of building long-term value for our shareholders.”
About the Gold Mountain Project
The Gold Mountain Project, located along Nevada’s Battle Mountain trend, is considered
drill-ready with multiple high -priority targets already defined. Previous exploration has
identified significant gold mineralization potential, with favorable geology consistent with
major deposits in the region. Element79 Gold Corp has recently obtained a 43-101 property
of merit technical report, compiling historic data, with completion and filing of the NI 43 -
101 Technical Report on September 3, 2025. Element79 intends to commence drilling
activities under the extended permit to further delineate these targets and unlock the
further value in the project.
Figure 1 - Location map showing the location of the Gold Mountain project.
Figure 2 - Map showing approved, Notice-level disturbance on the Gold Mountain property.
Figure 3 - Maps displaying Au and Ag in rocks. The rock samples originated from a hand-drawn
map and are thought to have been collected by Oro Nevada and Gold Ventures Inc.
Qualified Person
The technical information in this release has been reviewed and approved by Kim Kirkland,
Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a
"qualified person" as defined by National Instrument 43-101.
About Element79 Gold Corp
Element79 Gold Corp is a mining company focused on the exploration and development of
high-potential gold and silver projects. The Company’s main focus is its Lucero Project, a
past-producing, high -grade gold and silver mine in Arequipa, Peru, with near -term
production potential. In Nevada, the Company is advancing its Gold Mountain and Elephant
projects along the Battle Mountain trend, a world -class gold district. Element79 is also
completing the spin -out of its Dale Property in Ontario into its wholly owned subsidiary,
Synergy Metals Corp.
For more information about the Company, please visit www.element79.gold.
Contact Information
For corporate matters and Investor Relations inquiries, please contact:
Michael Smith, Chief Executive Officer
E-mail: [email protected]
Phone: +1.604.319.6953
Cautionary Note Regarding Forward Looking Statements
Th
is press release contains “forward-l
ooking information” and “forward -looking
statements” under applicable securities laws (collectively, “forward -
looking statements”).
These statements relate to future events or the Company’s future performance, business
prospects, or opportunities and are based on management’s forecasts, estimates, and
assumptions. Forward -looking statements include, but are not limited to, statements
regarding exploration activities, the timing and scope of planned drill programs, and the
potential mineralization of the Gold Mountain Project. Actual results may differ materially
from anticipated results. Investors are cautioned not to place undue reliance on forward -
looking statements.
N
either the Canadian Securities Exchange nor the Market Regulator accepts responsibility for
the adequacy or accuracy of this release.