79 Resources Ltd. - Corporate Update

79 Resources Ltd. – Corporate Update

Vancouver, British Columbia, March 19, 2024 – 79 Resources Ltd. (CSE:

SNR)(“79 Resources” or the "Corporation" or the “Issuer”) provides a corporate

update.

The Corporation advises that it will not be proceeding with the proposed name change

to Quebec Lithium Inc. (see news release, 79 Resources Ltd. Proposes Corporate

Name Change, dated March 14, 2024).

The Corporation also reports that it will not be proceeding with the proposed purchase

of either the Corvette Lake Lithium Project or the Edison Copper and Precious Stone

Project (see news release, 79 Resources Ltd. Announces Financing and Provides

Corporate Update, dated March 13, 2024).

About 79 Resources Ltd. (CSE:SNR)

79 Resources is a Vancouver-based junior mining exploration company. Traded on

the Canadian Securities Exchange under the symbol SNR, the Corporation seeks to

acquire, explore and develop mineral exploration projects. 79 Resources currently

holds the Five Point Copper-Gold Project in British Columbia and the North Preston

Uranium Project in Saskatchewan. For additional information, please visit

www.79resources.com.

On Behalf of the Board of Directors

Ryan Kalt

Chairman & Chief Executive Officer

Email: [email protected]

Tel: 604.687.2038

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of

Canadian securities laws. Some of the forward-looking statements can be identified

by the use of forward-looking words. Statements that are not historical in nature,

including the words "anticipate," "expect," "suggest," "plan," "believe," "intend,",

“intention” "estimate," "target," "project," "should," "could," "would," "may," "will,"

"forecast" and other similar expressions are intended to identify forward-looking

statements. Forward-looking statements address future events and conditions and

therefore involve inherent risks and uncertainties, including but not limited to the

matters related to the Name Change, such as necessary approval by the CSE and

more generally the ability of the Corporation to successfully complete the Name

Change. Actual results may differ materially from those currently expected or forecast

in such statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined

in the policies of the CSE Exchange) accepts responsibility for the adequacy

or accuracy of this release.