ELEM:CC - Element79 Gold Corp Obtains 2-Year Extension of Drilling Permit for Gold Mountain Project
(TheNewswire)
Vancouver, BC – TheNewswire - September 16, 2025 – Element79 Gold Corp(CSE:ELEM) (FSE:7YS0) (OTC:ELMGF) (the “Company” or“Element79”) is pleased to announce that ithas secured a two-year extension of its drilling permit for its100%-owned Gold Mountain Project (formerly known as Long Peak),located along the prolific Battle Mountain trend in Nevada,USA.
Advancing NevadaExploration Strategy
The Gold Mountain Project is a cornerstone ofElement79’s Nevada portfolio. Historical work and technical studieshave highlighted drill-ready targets that will be central to theCompany’s exploration focus over the next two years. With the permitextension now secured, Element79 can move forward confidently with itsdevelopment strategy in one of the world’s most productive goldjurisdictions.
“Securing this two-year permit extension is a crucialstep in ensuring continuity of our exploration strategy at GoldMountain,” commented Michale Smith, CEO of Element79 Gold. “We arenow positioned to execute on our drill programs and advance theproject toward resource development, with the intent of buildinglong-term value for our shareholders.”
About the Gold MountainProject
The Gold Mountain Project, located along Nevada’sBattle Mountain trend, is considered drill-ready with multiplehigh-priority targets already defined. Previous exploration hasidentified significant gold mineralization potential, with favorablegeology consistent with major deposits in the region. Element79 GoldCorp has recently obtained a 43-101 property of merit technicalreport, compiling historic data, with completion and filing of the NI43-101 Technical Report on September 3, 2025. Element79 intends to commence drilling activities underthe extended permit to further delineate these targets and unlock thefurther value in the project.
Figure 1 -Location map showing the location of the Gold Mountain project.
Figure 2 - Mapshowing approved, Notice-level disturbance on the Gold Mountainproperty.
Figure 3 - Mapsdisplaying Au and Ag in rocks. The rock samples originated from ahand-drawn map and are thought to have been collected by Oro Nevadaand Gold Ventures Inc.
QualifiedPerson
The technicalinformation in this release has been reviewed and approved by KimKirkland, Fellow of AusIMM #309585, Chief Operating Officer ofElement79 Gold Corp, and a "qualified person" as defined byNational Instrument 43-101.
Element79 Gold Corp is a minin gcompany focused on the exploration and development of high-potentialgold and silver projects. The Company’s main focus is its LuceroProject, a past-producing, high-grade gold and silver mine inArequipa, Peru, with near-term production potential. In Nevada, theCompany is advancing its Gold Mountain and Elephant projects along theBattle Mountain trend, a world-class gold district. Element79 is alsocompleting the spin-out of its Dale Property in Ontario into itswholly owned subsidiary, Synergy Metals Corp.
For more information about the Company, please visitwww.element79.gold.
For corporate matters and Investor Relations inquiries,please contact:
Michael Smith, Chief Executive Officer
E-mail: ms@element79.gold
Phone: +1.604.319.6953
Cautionary NoteRegarding Forward Looking Statements
This press release contains “forward?lookinginformation” and “forward-looking statements” under applicablesecurities laws (collectively, “forward?looking statements”).These statements relate to future events or the Company’s futureperformance, business prospects, or opportunities and are based onmanagement’s forecasts, estimates, and assumptions. Forward-lookingstatements include, but are not limited to, statements regardingexploration activities, the timing and scope of planned drillprograms, and the potential mineralization of the Gold MountainProject. Actual results may differ materially from anticipatedresults. Investors are cautioned not to place undue reliance onforward-looking statements.
Neither the Canadian SecuritiesExchange nor the Market Regulator accepts responsibility for theadequacy or accuracy of this release.
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