Element79 Gold Completes Phase One Infrastructure Program at Gold Mountain and Initiates Drill Contractor Selection Process
VANCOUVER, June 22, 2026 - Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0) ("Element79", the "Company") is pleased to announce the successful completion of Phase One field operations at its wholly owned and permitted Gold Mountain Project, located in Nevada's prolific Battle Mountain mining district. The Phase One program, completed by Pinion Exploration Inc., included rehabilitation and improvement of existing access roads, extension of project road infrastructure, and construction of permitted drill pads designed to support the Company's upcoming exploration drilling campaign. The work was completed pursuant to the Company's previously announced exploration plan and follows the successful renewal of its drilling permit and posting of its reclamation bond.
With site access and drill pad construction now complete, Element79 has commenced the process of soliciting and evaluating bids from qualified drilling contractors for its inaugural Phase One drill program at Gold Mountain.
"The completion of road construction and drill pad development represents a significant milestone for the Gold Mountain Project," stated Michael Smith, President and CEO of Element79 Gold Corp. "The project has now transitioned from permitting and infrastructure preparation into a drill-ready asset. We are actively engaging drilling contractors and look forward to advancing Gold Mountain through its first modern exploration drill campaign."
The planned drill program is designed to test several priority targets identified through the properties NI-43101. Gold Mountain hosts a large intrusive-related gold system with associated copper, molybdenum, silver, lead, and zinc mineralization. Historical drilling and surface work have demonstrated widespread mineralization across the project area, which remains largely untested by modern exploration methods.
The Company anticipates awarding a drilling contract upon completion of the bid review process and will provide further updates regarding drill program timing, scope, and target selection as planning progresses.
Qualified Person
The technical information in this release has been reviewed and approved by Kim Kirkland, Director of Element79 Gold Corp, Fellow of AusIMM #309585, 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 its portfolio of high-potential gold projects. The Company's focus is its Nevada portfolio, anchored by the Gold Mountain and Elephant Projects, both located in the world-class Battle Mountain Trend.
For further details on this announcement and the Company's projects, please visit www.element79.gold
Contact Information
For corporate matters, please contact:
Michael Smith, Chief Executive Officer
E-mail: ms@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1. (855) 535-3679
E-mail: investors@element79.gold
Cautionary Note Regarding Forward Looking Statements
This press contains "forward?looking 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 that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to exploration activities, the timing and scope of planned drill programs. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward?looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (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 similar expressions) are not statements of historical fact and may be "forward?looking statements".
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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