Element79 Gold receives professional marketing support

IRW Press: Element79 Gold Corp. : Element79 Gold receives professional marketing support

Vancouver, British Columbia, Canada – May 17, 2022 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (Element79 Gold, Company) announced that it has renewed an agreement with CORPCOMM SERVICES LIMITED (CorpComm) for additional writing and publishing services and also with Renmark Financial Communications Inc (Renmark) to assist the company with its investor relations and its marketing objectives.

Element79 Gold renews agreement with CorpComm

CorpComm is a communications provider that supports the core mission of Element79 Gold by communicating the company’s long-term vision in public media. Element79 Gold has renewed an annual agreement with CorpComm to increase company awareness through writing and publishing services.

The Element79 Gold Corp. The monthly fee payable is up to $15,000 in cash starting April 15, 2022 and for one year until April 15, 2023.

Element79 uses Renmark gold

Renmark is a full-service investor relations firm serving small, medium and large corporations listed on all major North American stock exchanges. Element79 Gold has contracted with Renmark to connect the company with private investors and to increase awareness of the company through various sales and media channels.

For these services, Element79 Gold Corp. Pay a monthly fee in cash of up to $8,000 starting May 1, 2022 for an initial period of seven months until November 30, 2022 and monthly thereafter.

“We are pleased that in addition to renewing our agreement with CorpComm, we have retained Renmark to help raise the profile of Element79 Gold in the financial community and advance our company’s vision,” said James Turek, President and CEO of Element79 Gold. We chose a combination of CorpComm and Renmark because their practices are fully complementary and we believe that when these two companies work together, they can effectively deliver our company’s value, vision and plans to the investment community.

Qualified expert

The technical information in this press release has been reviewed and verified by Neil Pettigrew, MA, P.Geo. , an Element79 Gold principal and a qualified person as defined in National Instrument 43-101.

Technical Disclaimer

This news release may contain information about property or adjacent properties with similar properties which the Company is not entitled to explore or excavate. Readers are cautioned that the occurrence of minerals on adjacent property or properties with similar characteristics is not indicative of the occurrence of minerals on company property. Readers are also cautioned that this press release contains historical technical information based on historical data prepared by previous franchisees. no qualified person has done sufficient work to confirm this information; This may require extensive data collection, re-drilling, re-sampling, and data validation.

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About Element79 Gold

Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mining properties for gold and related minerals. Element79 Gold has acquired the Maverick Springs flagship project in the popular gold mining region in Northeastern Nevada, USA, between Elko and White Pine counties, having recently completed a 43-101 compliant mineral resource assessment, which has a derived source of 3.71 million ounces of gold equivalent* rated AuEq 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag) as of February 4, 2022. The acquisition of the Maverick Springs project also included a portfolio of 15 properties along the Battle Mountain Trend in Nevada that The company is currently evaluating it for further exploration opportunities and possible sale or offer. In British Columbia, Element79 Gold has signed a letter of intent to acquire a private company with an option to earn 100% of the interest in a high-grade Snowbird gold project consisting of 10 mineral claims in central British Columbia, approximately 20 km west of Fort St James. In Peru, Element79 Gold has signed a letter of intent to acquire the business and assets of Calipuy Resources Inc. , which owns 100% of the previously produced Lucero Mine, one of the highest commercially mined underground mines in Peruvian history, and in the formerly produced Machakala Mine. The company also has an option to acquire a 100% interest in Dale’s property, which consists of 90 unpatented mining claims located approximately 100 kilometers southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township. For more information about the company, visit www.element79gold.com

On behalf of the company

James Turek

Executive Director

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contact information

Investor Relations Department

Tel.: +1 (604) 200-3608

Email: [email protected]

Cautionary note regarding forward-looking statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, forward-looking statements). These statements relate to future events, the company’s future performance, business prospects, or opportunities that are based on expectations of future results, estimates of amounts not yet determined, and assumptions made by management based on management’s experiences and perceptions regarding historical trends, current conditions, and projected future developments. Forward-looking statements include, but are not limited to, statements relating to: the company’s business strategy; future planning processes; exploration activities; timing and results of exploration activities; capital projects and exploration activities and their possible outcomes; Acquisition opportunities and the impact of acquisitions on the business, if any. Assumptions may be incorrect and actual results may differ materially from those expected. Therefore, forward-looking statements cannot be guaranteed. Therefore investors should not rely on forward-looking statements, as there can be no guarantee that plans, assumptions or expectations on which they are based will actually occur. All statements other than statements of historical facts may be forward-looking. Any statement that expresses or includes a discussion of, predictions, expectations, beliefs, plans, expectations, goals, events, or future performance (often, but not always, using words or phrases such as aim, anticipate, plan, pursue, or estimate, anticipate, perhaps, will , project, expect, anticipate, potential, objective, intended, can, should, should, I believe and similar expressions) are not statements of historical facts and may be forward-looking statements.

Actual results may differ from the forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to: the duration and impact of the coronavirus and COVID-19 related risks. by integrating acquisitions; actual results of exploration activities; conclusions of economic evaluations. changes in project parameters as plans continue to be improved; Goods’ prices; fluctuations in ore reserves, ore grade or recovery rates; Actual performance of the plant, equipment or process compared to specifications and expectations; accidents. work’s relationships; relationships with local communities; changes in national or local governments; Changes in applicable or applied legislation; delays in obtaining permits or financing or in completing any development or construction activity; exchange rate fluctuations; additional capital requirements; government regulation; environmental risks; reclamation costs; the outcome of the pending litigation; Limitations on insurance coverage and those factors discussed in the Company’s other public disclosure documents available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to appear as expected, anticipated or significant. The Company believes that the expectations reflected in these forward-looking statements are reasonable. However, there can be no assurance that such expectations will prove correct and you should not place undue reliance on the forward-looking statements contained herein. These statements speak only as of the date of this document. The Company has no intention of updating these forward-looking statements, and assumes no obligation, except as required by applicable law.

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Neither the Canadian Exchange nor the regulators (as defined in the Canadian Exchange policies) accept responsibility for the adequacy or accuracy of this release.

The source language (usually English) in which the original text is published is the official, authorized, and legal version. This translation is included for better understanding. The German version can be abbreviated or abbreviated. No responsibility or liability is accepted for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the report does not constitute a buy or sell recommendation! Please note the original notice in English at www.sedar.com, www.sec.gov, www.asx.com.au/ or on the company’s website!

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