ELMGF - Element79 Gold Engages Professional Marketing Providers Announces Presentation at International Precious Metals & Commodities Show

(TheNewswire)

Vancouver, BC – TheNewswire- November 4, 2022 – Element79 Gold Corp. ( CSE:ELEM) (OTC:ELMGF) (FSE:7YS)(" Element79Gold ", the " Company ") today announced that it has engaged the businessdevelopment and marketing services of two highly-seasoned providers,Euroswiss Equity Group (" Euroswiss ") and Victory MarketingSolutions (" Victory ").

"With the rapid pace of news we expect to generateacross our portfolio of assets in the coming months, the timing toramp up marketing efforts in conjunction with launching our Europeancampaign couldn't be more ideal," commented James Tworek, CEO ofthe Company. "We're confident that the growing story at Element79 Gold will generate significant interestwith investors as we move towards the new year with a heightened focuson raising awareness exponentially across Europe and NorthAmerica."

Element79 Gold is also pleased to announce that itshall appear at the International Precious Metals & CommoditiesShow, hosted at the MVG Museum in Munich, Germany on November 4th and5th, 2022. The Company is scheduled to present at 1:45pm CET onSaturday, November 5th.

Euroswiss Equity Group, VictoryMarketing Solutions

Euroswiss is a well-established European focusedcapital markets group based in Switzerland which carries a largefollowing of institutional and high net-worth investors throughoutEurope. Element79 Gold has retained Euroswiss to provide mediaawareness and business development services to the Company, includingproviding key introductions to members of the European investmentcommunity.

Victory Marketing Solutions carries over 15 years ofexperience providing professional awareness and marketing services toprivate and public companies. Element79 Gold has retained Victory toprovide additional awareness through its focused communications to acurated following of over 85,000 North American investors.

"The joining of Euroswiss and Victory to ourgrowing roster of first-rate providers offers further avenues tocommunicate with major market participants in Europe and NorthAmerica, and to amplify the Company's presence on the radar ofprominent investors around the globe," remarked Mr. Tworek."Element79 Gold is eager to leverage the multi-facetedcapabilities of Euroswiss and Victory to vastly increase investorawareness worldwide and accelerate the tempo of our corporatedevelopment strategy."

International Precious Metals &Commodities Show

The International Precious Metals & CommoditiesShow (Internationale Edelmetall & Rohstoffmesse) has been held inMunich, Germany annually since 2005. The conference is dedicatedexclusively to precious metals and commodities investment, andincludes presentations by noteworthy mining companies from all overthe world. The 2022 International Precious Metals & CommoditiesShow shall be hosted at the MVG Museum in Munich on November 4th and5th, 2022 from 10:00am to 6:00pm CET. Element79 Gold is scheduled topresent at 1:45pm CET on Saturday, November 5th.

Details of the Agreements

Euroswiss has been engaged for a term of 6 months,renewable subject to agreement by both parties. Element79 Gold shalldeliver a total of $80,000 CAD to Euroswiss, which may be paid in640,000 free-trading common shares of the Company based on the shareprice of $0.125 CAD on the date of the agreement.

Victory has been engaged for a term of 3 months,renewable for additional 3-month periods. Element79 Gold shall delivera fee of $15,000 CAD per month to Victory, paid quarterly, and shallissue 350,000 options of Element79 Gold with the first 100,000 optionspriced at $0.15 CAD, the second 100,000 options priced at $0.22 CAD,and the final 150,000 options priced at $0.30 CAD.

About Element79 Gold

Element79 Gold is a mineral exploration company focusedon the acquisition, exploration and development of mining propertiesfor gold and associated metals. Element79 Gold has acquired itsflagship Maverick Springs Project located in the famous gold miningdistrict of northeastern Nevada, USA, between the Elko and White PineCounties, where it has recently filed an amended 43-101-compliant,pit-constrained mineral resource estimate reflecting an inferredresource of 3.71 million ounces of gold equivalent* “AuEq” at agrade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag)) with aneffective date of Oct. 19, 2022 (see news release October 20, 2022,available on SEDAR). The acquisition of the Maverick Springs Projectalso included a portfolio of 15 properties along the Battle Mountaintrend in Nevada, which the Company is analyzing for further merit ofexploration, along with the potential for sale or spin-out.  In Peru,Element79 Gold holds 100% interest in the past producing Lucero Mine,one of the highest-grade underground mines to be commercially mined inPeru's history, as well as the past producing Machacala Mine.  InBritish Columbia, Element79 Gold has executed a Letter of Intent toacquire a private company which holds the option to 100% interest ofthe Snowbird High-Grade Gold Project, which consists of 10 mineralclaims located in Central British Columbia, approximately 20km west ofFort St. James. The Company also has an option to acquire 100%interest in the Dale Property which consists of 90 unpatented miningclaims located approximately 100 km southwest of Timmins, Ontario,Canada in the Timmins Mining Division, Dale Township. For moreinformation about the Company, please visit www.element79.gold or www.element79gold.com .

For corporate matters, pleasecontact:

James C. Tworek, Chief Executive Officer

Email: jt@element79gold.com

For investor relations inquiries,please contact:

Investor Relations Department

Phone: +1 (604) 200-3608

Email: investors@element79gold.com

Cautionary Note Regarding ForwardLooking Statements

This press contains "forward?lookinginformation" and "forward-looking statements" underapplicable securities laws (collectively, "forward?lookingstatements"). These statements relate to future events or theCompany's future performance, business prospects or opportunities thatare based on forecasts of future results, estimates of amounts not yetdeterminable and assumptions of management madein light of management's experience and perception of historicaltrends, current conditions and expected future developments.Forward-looking statements include, but are not limited to, statementswith respect to: the Company’s plans for its portfolio of miningprojects and properties; the Company’s business strategy; futureplanning processes; exploration activities; the timing and result ofexploration activities; capital projects and exploration activitiesand the possible results thereof; any potential future cash flow andthe timing thereof; acquisition opportunities; the impact ofacquisitions, if any, on the Company. Assumptions may prove to beincorrect and actual results may differ materially from thoseanticipated. Consequently, forward-looking statements cannot beguaranteed. As such, investors are cautioned not to place unduereliance upon forward-looking statements as there can be no assurancethat the plans, assumptions or expectations upon which they are placedwill occur. All statements other than statements of historical factmay be forward?looking statements. Any statements that express orinvolve discussions with respect to predictions, expectations,beliefs, plans, projections, objectives or future events orperformance (often, but not always, using words or phrases such as"seek", "anticipate", "plan","continue", "estimate", "expect","may", "will", "project","predict", "forecast", "potential","target", "intend", "could","might", "should", "believe" and similarexpressions) are not statements of historical fact and may be"forward?looking statements".

Actual results may vary from forward-lookingstatements. Forward-looking statements are subject to known andunknown risks, uncertainties and other factors that may cause actualresults to materially differ from those expressed or implied by suchforward-looking statements, including but not limited to: the durationand effects of the coronavirus and COVID-19; risks related to theintegration of acquisitions; actual results of exploration activities;conclusions of economic evaluations; changes in project parameters asplans continue to be refined; commodity prices; variations in orereserves, grade or recovery rates; actual performance of plant,equipment or processes relative to specifications and expectations;accidents; labour relations; relations with local communities; changesin national or local governments; changes in applicable legislation orapplication thereof; delays in obtaining approvals or financing or inthe completion of development or construction activities; exchangerate fluctuations; requirements for additional capital; governmentregulation; environmental risks; reclamation expenses; outcomes ofpending litigation; limitations on insurance coverage as well as thosefactors discussed in the Company’s other public disclosuredocuments, available on www.sedar.com . Although theCompany has attempted to identify important factors that could causeactual results to differ materially from those contained inforward-looking statements, there may be other factors that causeresults not to be as anticipated, estimated or intended. The Companybelieves that the expectations reflected in these forward?lookingstatements are reasonable, but no assurance can be given that theseexpectations will prove to be correct and such forward?lookingstatements included herein should not be unduly relied upon. Thesestatements speak only as of the date hereof. The Company does notintend, and does not assume any obligation, to update theseforward-looking statements, except as required by applicablelaws.

Source: Element79 Gold

Neither the Canadian SecuritiesExchange nor the Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

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