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Element79 (CSE:ELEM) Sitting Atop Tremendous Assets

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Imagine a machine that, upon inserting a quarter, out came a dollar.
We’ve found a company building such a machine.

Fellow Investors,

Last time we found something this special, readers who acted quickly saw gains of over 500%.129

This time could be even bigger based on special circumstances at play.

In this case, we’ve identified some of the most successful names in gold mining history and followed the trail to a junior upstart that has—without fanfare—quietly become one of the best plays available in the market today. In this article, we outline exactly why and back it up with our detailed research enclosed below.

The most astounding element here, is the fact that this junior mining stock can be bought under $1.00/share right now—less than a single dollar per share of Element79 Gold (CSE:ELEM). We’ve seen comparable stocks in the space trade well over $5/share, sometimes over $8 or $9 per share.

A review of recent Element79 Gold (CSE:ELEM) press releases and regulatory filings reveals a company sitting atop tremendous assets, focused on cash-flow, run by perhaps one of the most qualified teams imaginable.

Here’s a list of key documents every investor should review to truly understand why Element79 Gold (CSE:ELEM) might quite possibly be the #1 purchase to make in today’s market environment.

Quality of Management

  • Element79 Gold Appoints Shane Williams to Board of Directors
  • Element79 Gold Welcomes Barrick Gold Alumnus and Experienced Mining Executive as Chief Operating Officer
  • Element79 Gold Welcomes Mining Veteran as Vice President of Global Exploration

Quality of Assets

  • Element79 Gold Completes Acquisition of Nevada Gold Portfolio
  • Element79 Gold Completes Acquisition of High-Grade Peruvian Gold Portfolio
  • Element79 Gold Files NI 43-101 Technical Report on the Maverick Springs Project

A full breakdown in a detailed report is included below, but in sum and substance, any serious investor in today’s market should consider an investment position within Element79 Gold (CSE:ELEM) for the next 9-18 months as their path to cash-flow ramps up. This is not a situation to sleep on.

Remember, last time we brought an opportunity like this to the attention of our readers, investors who completed their due diligence promptly saw the greatest return potential. Be the early bird.

To profitable investing,

——————SPECIAL SITUATION REPORT——————

Top Reasons Why Element79 Gold Could Be The Next Big Winner From This Legendary Team

1. They’re Focused on Cash-Flow

High-grade gold assets offers Element79 Gold (CSE:ELEM) the opportunity to harness new avenues for near-term cash-flow and take an accelerated path toward potentially operating multiple production-stage facilities.

They’ve stated this gameplan directly in their press releases.

2. They’ve Got The Numbers

Element79 Gold (CSE:ELEM) reported an Inferred Resource of over 3.7M ounces of gold equivalent at one property and has intersects of 174 g/t Ag over 9.14 meters at another. Recent sampling at Lucero returned up to 116.8 g/t Au Eq (78.7g/t Au and 2,856 g/t Ag).

Numbers like this are extremely rare and indicate something truly special is here.

3. They’re Incredibly Undervalued

Based on the current market, investors can gain upside exposure to Element79 Gold (CSE:ELEM) for below $1 per share right now. Remember, this team has experience in steering former successes with a near identical share structure as Element79 Gold Corp. (CSE:ELEM) has today.

Anyone can run the numbers and confirm the value here far exceeds the current price.

4. Insiders Have A Lot Of Skin In The Game

The number of shares held closely by direct insiders at Element79 Gold Corp. (CSE:ELEM) speaks volumes to the situation here, with millions of shares directly and indirectly held by its board of directors and senior executive team.97 Given the facts laid out above, it’s no surprise why insiders are holding so much stock in Element79 Gold (CSE:ELEM).

5. Analysts Predict Gold Buyout Fever

The very same companies circling Element79 Gold Corp. (CSE:ELEM) have a proven track record in taking over junior mining projects and bringing them into full production, often times acquiring projects and companies for hundreds of millions, and even billions of dollars.

A growing list of buyouts from nearby majors:

  • $10 BILLION Merger (Newmont buys Goldcorp)63
  • $7.1 BILLION Buyout (Kinross buys Red Back)60
  • $1.07 BILLION Takeover (Pan American Silver acquires Tahoe)61
  • $608M Acquisition (Iamgold takes over Trelawney)99
  • $526M Buyout (Goldcorp buys Probe Mines)122
  • $500M Valuation (Nevada Gold buys 10% of neighbor)62
  • $456M All-Cash Transaction (Newmont acquires GT Gold)123
  • …is Element79 Gold Corp. (CSE:ELEM) the next major buyout target?

The need to replace gold reserves means the M&A market will be a seller’s market, according to Bank of America’s analysts, and they see junior and intermediate producers as potential acquisition targets for larger producers struggling to make up their reserves.56

6. Momentum Could Strike At Any Moment

Pay close attention as drilling commences at Element79 Gold (CSE:ELEM), similar companies have returned +2,390% to early investors.102 Keep on reading to find out what company did this and why Element79 Gold Corp. (CSE:ELEM) is setting up in a similar fashion.

Last time, investors who hesitated were chasing the company up the charts and with a very tightly held capital structure at only ~82M shares outstanding97, Element79 Gold Corp. (CSE:ELEM) is similarly primed for a powerful run in the event of a major catalyst being announced.

Based on the track record of management and the public roadmap announced to date, we believe that catalyst could come sooner than later and investors may do well to consider positioning themselves ahead of time.

Continue reading below for further details.

Golden Opportunity

The ‘Must-Own’ Company of The Year

That’s why our #1 stock to own in 2023 is Element79 Gold Corp. (CSE:ELEM), a junior miner sitting atop one of the largest land packages in Nevada18 smack dab in the middle of the largest gold complex in the world.19

In today’s market, it’s more important than ever to have a firm foundation of solid research. That’s why when we conducted our due diligence…

…and discovered senior management hailing from Barrick Gold, Eldorado Gold, and Skeena Resources…

…including assets surrounded by some of the biggest gold mines in the world…

…on the verge of near-term cash-flow and operating multiple production-stage facilities…

…and yet trading at valuations a mere fraction of its neighbors…

…we realized how big of a story we had uncovered with Element79 Gold (CSE:ELEM) and why it’s the perfect play in the new inflation age.

Location, Location, Location

Prime Locations in the World’s Top Mining Destinations

Any single property can make an entire company’s legacy. Now consider Element79 Gold (CSE:ELEM), in the short time since its IPO, has already acquired a staggering 17+ properties in prime locations across the world’s top mining jurisdictions.

Their newest Nevada asset includes 18,000 hectares—literally one of the largest land packages in Nevada,79 smack-dab in the middle of the gold region where Barrick and Newmont are operating a joint venture.106

ELEM’s properties stand out in the world’s #1 gold district.

Perhaps more astounding is their Lucero mine which remains one of the highest-grade underground mines in Peru’s history at grades averaging 19.0 g/t Au Equivalent (“Au Eq”) (14.0 g/t gold and 373 g/t silver), and their Machacala Project which averaged production grades of 10.5 g/t Au Eq (6.0 g/t gold and 340 g/t silver). Recent sampling at Lucero returned up to 116.8 g/t Au Eq (78.7g/t Au and 2,856 g/t Ag), truly astounding numbers in today’s age. It’s hard to believe these properties are wrapped within a small unknown company trading at these current prices, but that’s the value of finding these situations before the crowd.

One need look no further than the words of their CEO, stating in plain terms, “the acquisition of these high-grade Peruvian gold assets offers Element79 Gold (CSE:ELEM) the opportunity to harness new avenues for near-term cash-flow and take an accelerated path toward potentially operating multiple production-stage facilities,” commented James Tworek, President and CEO of Element79 Gold (CSE:ELEM).

Unknown to most is that Peru has mining-friendly legislation that allows up to 350 tpd production. Once that target is achieved, targeted for the coming 12-24 months, additional production licenses can be obtained to expand production. Element79 Gold (CSE:ELEM) has stated that it intends to pursue the opportunities aggressively, and that could spell significant cash-flow for investors.

Investors Win Big

Drill Results Can Net Life-Changing Returns

A few years ago, one of the most explosive stories in junior mining unfolded before our eyes,102 closing the trading day at just $0.72 on August 21st, 2018.

The very next day, drill results were announced showing several stretches of high-grade gold82 and soon that stock traded up to a high of $17.93.102

Investors who bought early, before the drill results were announced, turned a modest $40,000 stock purchase into nearly a $1 million dollar windfall at its peak.

Returns like that can be life-changing and it didn’t take a lifetime of saving, it was buying the right stock before the crowd.

That’s why it’s important to subscribe to updates, this company is moving fast and our dedicated research team follows it closely.

Subscribe to investor updates.

The Midas Touch

Element79 Gold (CSE:ELEM)’s Assets Within Nevada

With 18,000 hectares—nearly 70 square miles—this is an unusually large land package for a junior miner sitting in a precious-metals hotspot among elephants like Newmont and Barrick.

Here’s what’s most stunning: with tremendous assets and only 82 million shares outstanding,97 Element79 Gold (CSE:ELEM)’s current share price is a bargain compared to peers.

Maverick Springs: Gold at Value Prices

Element79 Gold (CSE:ELEM)’s latest acquisition, Maverick Springs, is located within the legendary Carlin Trend gold belt92, home of the famed Carlin Mine, the world’s second largest gold mine83 which reported a staggering 1.7 million ounces of gold production in 2020.91 In fact, this highly-distinguished gold belt has produced over 90 million ounces of gold to date.90 At present gold prices, that’s in excess of $150 TRILLION dollars worth pulled out of the area.107 It’s clear as day, Element79 Gold’s claims are in the right place.

In fact, just recently news was released revealing millions of gold equivalent ounces in the ground already. Read the full press release here for details.

Battle Mountain: Upside, Upside, Upside

The Battle Mountain portfolio includes 15 highly prospective properties just to the west, with several early-stage drill holes revealing promising intercepts and high-grade finds.

The majority of the Battle Mountain Projects are located within the Battle Mountain Trend (see figure below), with several Projects in close proximity to world-renowned gold deposits including Nevada Gold’s Cortez Mine, the third largest gold mine in North America93 and the sixth largest in the world, which reported 2020 gold production at 799,000 ounces.91

The same belt of deposits also contains the recently discovered Goldrush complex that, as of 2016, carries measured and indicated resources of 25.2 million tonnes grading 10.6 g/t, representing 8.6 million ounces of gold in the ground.94 The area is also home to SSR Mining Inc.’s Marigold Mine, which is expected to produce approximately 2.37 million ounces of gold between 2018 and 2028.95

ELEM’s projects highlighted in yellow stars within the legendary belt.

The northernmost Projects in the Battle Mountain Portfolio, the Golconda and Clover Projects, lie just south of the Getchell Gold Belt, which bridges the northwestern ends of the Carlin and Battle Mountain Trends, and contains Nevada Gold’s Turquoise Ridge Mine, the third largest gold mine in the U.S. with 537,000 oz of gold production reported in 2020.91

The Brock and Stargo Projects are situated on the southern end of the Austin-Lovelock Trend, southwest of Eureka and northeast from Kinross Gold Corporation’s Round Mountain Mine, which placed as the fourth largest gold mine in the U.S.91 and, in November of 2018, poured its 15 millionth ounce of gold since beginning operations in 1978.96

The Fraser Institute just ranked this area as the top jurisdiction in the world for investment based on the Investment Attractiveness Index.55

The Buyout Scenario

Major Players Seeking New Acquisitions

Most major mining companies focus on their expertise, acquiring and bringing new mines online. They leave the exploration of high potential properties to the junior mining companies.

That’s why Element79 Gold (CSE:ELEM)’s proximity to so many majors is such a unique opportunity.

In fact, Barrick Gold has directly stated this in their 2020 annual report, The Carlin Trend remains a target rich environment. The 2019 program focused on merging massive datasets in support of geological modeling. Drilling was initiated to test highly ranked target concepts as well as establish a geological framework in priority areas lacking drill information. Looking forward, the Carlin Trend will become the most active exploration area in Barrick’s portfolio.117

On their own map, you can literally see Barrick and Newmont’s land holdings surrounding Element79 Gold (CSE:ELEM)’s Battle Mountain portfolio.

M&A Hungry Neighbors With Deep Pockets

  • Barrick Gold ($35B market cap) paid over $2.3B to acquire Homestake84 which held mines in Nevada85
  • Newmont Corporation ($45B market cap) acquired Fronteer Gold for more than $2B86
  • Nevada Gold Mines is moving quickly to consolidate assets in the area87

With so many majors working alongside you, it’s hard not to be noticed.

Element79 Gold (CSE:ELEM) will undoubtedly be watched closely by all those in the surrounding area and positive drill results could quickly drive Element79 Gold to the top of every major producer’s M&A wish-list.

Sources:

1 https://ca.rbcwealthmanagement.com/fjwealth/blog/3035167-Money-Never-Sleeps–Can-printing-10-trillion-be-all-pleasure-and-no-pain/

2 https://www.nasdaq.com/articles/money-printing-and-inflation%3A-covid-cryptocurrencies-and-more

3 https://www.investopedia.com/ask/answers/042415/what-impact-does-inflation-have-time-value-money.asp

4 https://markets.businessinsider.com/news/stocks/warren-buffett-elon-musk-michael-burry-jack-dorsey-inflation-warnings-2021-10

5 https://www.cnbc.com/2021/11/30/ray-dalio-says-cash-is-not-a-safe-place-right-now-despite-heightened-market-volatility-.html

6 https://www.nytimes.com/2021/12/14/business/economy/turkey-inflation-economy-lira.html

7 https://twitter.com/leadlagreport/status/1295707920823463938

8 https://www.dailyfx.com/us-dollar-index/what-is-us-dollar-index.html

9 Recent changes by the federal reserve have made “M2” the most reliable measure of money supply.10,11

10 https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200424a.htm

11 https://fredblog.stlouisfed.org/2021/01/whats-behind-the-recent-surge-in-the-m1-money-supply/

12 https://seekingalpha.com/article/4397470-gold-is-undervalued-look-money-supply-u-s-dollar-and-gold-prices

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14 https://www.nyse.com/quote/index/GDM

15 https://www.bloomberg.com/quote/XAU:CUR

16 https://www.bloomberg.com/quote/GDX:US

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18 https://www.rgj.com/story/money/business/2019/07/16/nevadas-second-biggest-land-sale-yields-new-fernley-industrial-park/1740852001/

19 https://www.barrick.com/English/news/news-details/2019/Barrick-and-Newmont-Forge-Nevada-Joint-Venture-Agreement/default.aspx

20 Renaissance Technologies LLC holds an indirect interest of Element79 Gold’s Snowbird Property via their 13F disclosed shareholding of 335,527 shares of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty21

21 https://www.element79.gold/projects/

22 https://www.marketwatch.com/story/this-investment-has-outperformed-warren-buffet-by-200x-over-the-past-30-years-but-good-luck-grabbing-a-piece-of-it-2019-11-19

23 Paulson & Co. holds an indirect interest of Element79 Gold’s Snowbird Property via their 2.68% shareholding of Seabridge Gold which holds ~7.48% of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty21

24 https://markets.businessinsider.com/news/stocks/john-paulson-quits-hedge-fund-family-focused-investment-firm-2020-7

25 Newmont Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 28.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty27

26 Kinross Gold Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 8.0% shareholding of Maverix Metals which holds a Net Smelter Return Royalty27

27 Maverix Metals Inc., September 1, 2021, Preliminary Short Form Base Shelf Prospectus https://www.investorx.ca/doc/2109011543295711

28 Gold Fields Limited has indirect upside exposure of Element79 Gold’s Maverick Springs Property via their 4,125,000 warrants held in Maverix Metals which holds a Net Smelter Return Royalty29

29 https://www.scribd.com/document/525577738/Maverix-Metals-SEDI-Summary-Report

30 Pan American Silver Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 17.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty27

31 Seabridge Gold Inc. holds an indirect interest of Element79 Gold’s Snowbird Property via their ~7.48% shareholding of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty21

32 https://www.mining.com/featured-article/ranked-worlds-10-biggest-gold-mining-companies/

33 https://finance.yahoo.com/news/element79-gold-completes-acquisition-nevada-003500329.html

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40 https://www.businessinsider.com/todays-gold-market-looks-a-lot-like-the-crazy-1970s-2016-7

41 https://www.jmbullion.com/investing-guide/james/silver-demand/

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52 https://pubs.geoscienceworld.org/books/book/2183/chapter/121939235/The-Geology-of-the-Mother-Lode-Gold-Belt-Foothills

53 https://s2.q4cdn.com/610165863/files/doc_downloads/2021/02/FINAL-2020-AIF-Feb-17-2021.pdf

54 https://www.iamgold.com/English/investors/news-releases/news-releases-details/2020/IAMGOLD-to-Proceed-with-Construction-of-the-Ct-Gold-Project-in-Ontario-Canada/default.aspx

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57 Maverix Metals Inc., September 1, 2021, Preliminary Short Form Base Shelf Prospectus https://www.investorx.ca/doc/2109011543295711

58 https://www.scribd.com/document/525577738/Maverix-Metals-SEDI-Summary-Report

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66 Newmont Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 28.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty,57

67 Kinross Gold Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 8.0% shareholding of Maverix Metals which holds a Net Smelter Return Royalty,57

68 Gold Fields Limited has indirect upside exposure of Element79 Gold’s Maverick Springs Property via their 4,125,000 warrants held in Maverix Metals which holds a Net Smelter Return Royalty,58

69 Pan American Silver Corporation holds an indirect interest of Element79 Gold’s Maverick Springs Property via their 17.8% shareholding of Maverix Metals which holds a Net Smelter Return Royalty,57

70 Seabridge Gold Inc. holds an indirect interest of Element79 Gold’s Snowbird Property via their ~7.48% shareholding of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty100

71 Renaissance Technologies LLC holds an indirect interest of Element79 Gold’s Snowbird Property via their 13F disclosed shareholding of 335,527 shares of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty100

72 Paulson & Co. holds an indirect interest of Element79 Gold’s Snowbird Property via their 2.68% shareholding of Seabridge Gold which holds ~7.48% of Paramount Gold Nevada Corp. which holds a Net Smelter Return Royalty100

73 https://www.marketwatch.com/story/this-investment-has-outperformed-warren-buffet-by-200x-over-the-past-30-years-but-good-luck-grabbing-a-piece-of-it-2019-11-19

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112 https://www.jmbullion.com/investing-guide/james/silver-demand/

113 https://www.nytimes.com/interactive/2021/09/03/climate/bitcoin-carbon-footprint-electricity.html

114 https://www.businessinsider.com/gold-miners-can-leverage-price-of-gold-2012-12

115 https://www.fxstreet.com/news/gold-price-forecast-xau-usd-looks-to-extend-consolidation-near-1-750-202108121837

116 https://www.mckinsey.com/~/media/mckinsey/industries/metals%20and%20mining/our%20insights/can%20the%20gold%20industry%20return%20to%20the%20golden%20age/can-the-gold-industry-return-to-the-golden-age-vf.pdf

117 https://www.annualreports.com/HostedData/AnnualReportArchive/b/TSX_ABX_2019.pdf

118 https://finance.yahoo.com/quote/VERY.V/chart?p=VERY.V

119 https://www.theverge.com/2020/9/22/21451670/tesla-cobalt-free-cathodes-mining-battery-nickel-ev-cost

120 https://gitennes.com/site/assets/files/5678/gitennes-january-presentation-md.pdf

121 https://www.foxbusiness.com/economy/home-prices-hit-new-all-time-highs

122 https://financialpost.com/commodities/mining/goldcorp-inc-to-buy-probe-mines-for-526-million-to-win-control-of-northern-ontarios-borden-gold-project

123 https://www.globenewswire.com/en/news-release/2021/03/10/2190281/0/en/Newmont-to-Acquire-GT-Gold-in-Agreed-All-Cash-Transaction.html

124 https://s24.q4cdn.com/382246808/files/doc_downloads/operations_projects/north_america/documents/Nevada-Gold-Mines-Launched-1-July-2019.pdf

125 https://seekingalpha.com/article/4378569-new-found-gold-valuation-no-longer-attractive

126 https://www.bloomberg.com/press-releases/2021-10-04/element79-gold-announces-execution-of-agreements-for-acquisition-of-significant-gold-portfolio-in-nevada

127 https://www.element79.gold/news/press-releases/element79-gold-announces-re-filing-of-amended-maverick-springs-43-101-technical-report

128 https://primexbt.com/for-traders/gold-price-prediction-forecast/

129 https://finance.yahoo.com/quote/TMAS.CN/chart?p=TMAS.CN

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The website is not a broker, dealer, investment or financial advisor and does not purport to be one. All information contained herein is for informational purposes only and should not be construed as an offer to buy or sell any security of any kind. Information is provided on an equal basis to all readers intended for a general audience, with no adjustment bias or personalization to any individuals personal financial situation whatsoever.

Forward Looking Statements

Information provided herein contains forward looking statements. Any statements that express or involve discussions with respect to opinions, predictions, expectations, beliefs, plans, projections, goals, assumptions, future events, future performance, estimations or prophecies are not statements of historical facts and may be forward looking statements, and thus may be unable to be relied upon. The forward looking statements contained herein are based on personal opinion of estimates and projections resulting in personal expectations at the time the statements are made that may involve a number of risks and uncertainties which could cause actual results or events to materially differ from those presently anticipated or opined herein. Forward looking statements may be identified through the use of words such as, but not exclusively, “expects”, “will”, “anticipates”, “estimates”, “believes”, or statements indicating, but not limited to, certain actions such that “may”, “could”, “should”, or “might” occur.

Public Awareness Campaign

This website is owned by CorpComm Services Limited (“CorpComm IR”), an investor relations firm. CorpComm IR has been assigned a contract by its parent company, CorpComm Limited (“CorpComm”), which was hired by Element79 Gold Corp. (the “Company”) on April 15, 2021 in an agreement to provide investor relations services to the Company for a period of 12 months commencing May 1, 2021. Compensation for the agreement consists of a $30,000 initial cash payment, and $10,000 payments per month plus the Company issuing an option to acquire 600,000 shares of the Company at a price of $0.10 per share vesting evenly over 12 months with expiration date on April 15, 2026. On April 15th, 2022 this contract was renewed for another year directly with CorpComm IR, without the involvement of CorpComm to reduce potential conflicts of interest, consisting of a $36,000 upfront budget and $15,000 monthly payments with an option of the Company to provide additional budget. To date as of November 15th, 2022, there has been no additional budget provided. There is no longer options or stock compensation in the subsidiary contracts. CorpComm IR holds no rights or control over any of the stock or options owned by CorpComm and is now the party that engages directly with the Company both legally and practically. Various other terms changes were made with a view to improving compliance, including written sign-off by the Company of all content. CorpComm also beneficially owns 3,000,000 shares of the Company and 1,500,000 warrants which, upon exercise, each entitle CorpComm to acquire one common share of the Company at a price of $0.10 per share for a period of three years from July 14, 2020. CorpComm undertakes no obligation to inform readers about the ownership or trading activities of it or its employees or affiliates in the securities of the Company. CorpComm IR is beneficially owned by CorpComm but is operated by an independent board from CorpComm. CorpComm IR does not maintain a trading account and relies on CorpComm to conduct any and all investment decisions regarding disposition and voting control of any options or holdings of the Company. CorpComm IR maintains its board independence from CorpComm to segment and isolate any potential non-public information provided to it from the Company from any trading activities conducted by its parent, CorpComm. CorpComm has recused itself of any insider information of the Company. CorpComm IR has recused itself of any investment authority (dispositive, voting or otherwise) of the Company. CorpComm IR expects to receive regular payments from its parent CorpComm to fund its continued public awareness marketing efforts above and beyond its budget received from the Company. CorpComm IR intends to spend the majority of funds received from its parent CorpComm on increasing the month over month public awareness campaign budget until May 2022. Factors that are likely to affect the month over month campaign budget increase include but are not limited to, the expected performance increases of A/B content testing for effectiveness of public perception and name recognition of the Company as judged through a variety of metrics, the anticipated increases in conversion numbers and ratios of ad spend and awareness budgets across all third-party hired companies and advertising outlets intended to include, but not limited to, awareness placements in Google, Facebook, Yahoo Finance, BNN, Fox Business, CNBC, CNN, CBC, MarketWatch, WSJ, among others. The placement of awareness campaign material is intended to raise the public profile of Element79 Gold Corp. as a company in compliance with all applicable law.

Limitation of Information

The information we provide represents only a small amount of information regarding the company and is not sufficient to formulate an investment decision and as such, that information should only be a starting point from which you conduct an in-depth investigation of the company from available public sources, such as sedar.com, otcmarkets.com, sec.gov, google.com and other available public sources as well as consulting with your financial professional, investment adviser, and/or registered representative with a registered securities broker-dealer. As of the date of publication of all materials, including this page, CorpComm IR is not aware of any intention by the company (and based on its currently disclosed public filings and access to capital, does not anticipate the company) to conduct any fundraising activities that may preclude the legal distribution of awareness materials. The website is not liable for any investment decisions by its visitors, readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment and should independently conduct their own research and arrive at their own decisions or consult with a qualified and registered broker, investment adviser or financial adviser.

Forward Looking Statements

Some of the information contained herein may be based on press releases or other information from Element79, which is subject to and should be considered in connection with the following forward looking information statement that is included in their press releases: “This news release includes certain “Forward‐Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: closing of the Transaction, the Company’s plan to build an advanced base and special metals portfolio, the development of the Property, including drilling activities; and future mineral exploration, development and production. Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Element79, future growth potential for Element79 and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Element79’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Element79’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and Element79 has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company’s dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company’s mining activities in Quebec; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the 6 failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in Element79’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although Element79 has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Element79 does not intend, and does not assume any obligation, to update these forward‐ looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

DISCLAIMERS APPLICABLE TO ELEMENT79 GOLD PROPERTIES

Written Disclosure to Include Name of Qualified Person

The technical information in this content has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Director of Element79 Gold and a “qualified person” as defined by National Instrument 43-101.

Written Disclosure to Include Data Verification

Readers are also cautioned that this content contains historical technical information which is based on prior data prepared by previous property owners. A qualified person has not done sufficient work to confirm such information; significant data compilation, re-drilling, re-sampling and data verification may be required to do so.

Requirements Applicable to Written Disclosure of Mineral Resources and Mineral Reserves

Table 1. 2022 Pit-Constrained Mineral Resource Estimate for Maverick Springs

Class Tonnes Ag (g/t) Au (g/t) Ag (Moz) Au (Moz) Ag EQ (g/t) Ag EQ (Moz) Au EQ (g/t) Au EQ (Moz)

Inferred 125,421,000 43.5 0.34 175.7 1.37 68.9 278.0 0.92 3.71

The classification of the current Mineral Resource Estimate into Inferred is consistent with current 2014 CIM Definition Standards – For Mineral Resources and Mineral Reserves and 2019 CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to a Measured and Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

All figures are rounded to reflect the relative accuracy of the estimate. Composites have been capped where appropriate.

Resources are presented undiluted and in situ and are considered to have reasonable prospects for economic extraction.

Open pit mineral resources are reported at a cut-off grade of 22.5 g/tonne Ag EQ. Cut-off grade is based on a gold price of US$1,650 per ounce and a silver price of US$22 per ounce, a gold recovery of 75%, a silver recovery of 85% and reasonable mining, processing and transportation costs.

High grade capping was done on silver grades in the composite data. A capping value of 25 oz/ton Ag was applied to the silver grades.

A fixed specific gravity value of 13.6 ft3/ton (2.35 g/cm3) was used to estimate the tonnage from block model volumes.

The Authors are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues, or any other relevant issue not reported in the technical report, that could materially affect the mineral resource estimate.

Table . 2022 Maverick Springs Open-Pit Optimization Parameters

Parameter Unit In-Pit Maverick Springs

Gold Price $US per ounce $1,650

Silver Price $US per ounce $22

Gold Recovery Percent (%) 75

Silver Recovery Percent (%) 85

Pit Slope Degrees 45

Strip Ratio Waste:Mineralisation 5.8:1

Mining Cost $US per tonne mined $1.90

Processing Cost and G&A $US per tonne milled $12.50

Mining Dilution Percent (%) 5%

Mining Recovery Percent (%) 95%

Cut-Off Grade g/t Au EQ 0.3

Cut-Off Grade g/t Ag EQ 22.5

The Amended Technical Report, filed on SEDAR on October 7, 2022, was completed by Allan Armitage, PhD., P. Geo., and Rohan Millar, B.Sc., P. Geo. of SGS Canada Inc. with an effective date of October 7, 2021. The Technical Report includes an updated Mineral Resource Estimate which incorporates an additional 52 drill holes drilled since the historical 2004 Mineral Resource Estimate by Snowden Mining Industry Consultants Inc. and is constrained by a conceptual Whittle Pit.

DISCLAIMERS APPLICABLE TO THIRD PARTY PROPERTIES

Third Party Properties Technical Disclaimer

This content and related maps contain information about adjacent properties and properties with similar characteristics on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties or properties that share similar characteristics are not indicative of mineral deposits on the Company’s properties.

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