Element79 Gold Secures Two-Year Drilling Permit Extension for Nevada Gold Mountain Project

Element79 Gold Corp has secured a two-year extension of its drilling permit for the 100%-owned Gold Mountain Project located along Nevada's Battle Mountain trend. The extension allows the company to advance its exploration strategy with drill-ready targets that have been identified through historical work and technical studies. This development represents a significant milestone for the company's exploration activities in one of North America's most prolific gold-producing regions.

The Gold Mountain Project represents a cornerstone of Element79's Nevada portfolio, with the permit extension ensuring continuity of exploration activities in one of the world's most productive gold jurisdictions. Previous exploration has identified significant gold mineralization potential, with favorable geology consistent with major deposits in the region. The Battle Mountain trend has historically yielded substantial gold discoveries, making this permit extension particularly valuable for the company's long-term strategic positioning.

Michael Smith, CEO of Element79 Gold, stated that securing the permit extension is a crucial step for executing drill programs and advancing the project toward resource development. The company recently obtained a 43-101 technical report compiling historic data, which was completed and filed on September 3, 2025. This comprehensive technical assessment provides the foundation for targeted exploration efforts and helps validate the project's potential for significant gold mineralization.

The technical information in the release has been reviewed and approved by Kim Kirkland, Chief Operating Officer of Element79 Gold Corp and a qualified person as defined by National Instrument 43-101. The project is considered drill-ready with multiple high-priority targets already defined, positioning Element79 to build long-term value for shareholders through systematic exploration of the Nevada property. The permit extension comes at a critical time for gold exploration in Nevada, where mining companies are increasingly focused on discovering new deposits to replace aging mines.

This development underscores the importance of regulatory approvals in the mining industry and highlights Element79's progress in advancing its flagship Nevada asset. The two-year extension provides the company with sufficient time to conduct comprehensive drilling programs and potentially make significant discoveries that could enhance shareholder value. The Gold Mountain Project's location within the established Battle Mountain trend increases the probability of successful exploration outcomes, given the region's proven geological endowment and established mining infrastructure.