Element79 Gold Corp Files NI 43-101 Technical Report for Elephant Project in Nevada's Battle Mountain District

(TheNewswire)

Data support skarn/porphyrypotential; drill-ready program outlined

VANCOUVER, BC - DECEMBER 16, 2025 – TheNewswire - Element79 Gold Corp. (CSE: ELEM) (OTC:ELMGF) (FSE: 7YS0) (" Element79 ", the " Company ") today announced the filing of an independenttechnical report (the “Report”) prepared in accordance withNational Instrument 43-101 – Standards of Disclosure for MineralProjects (“NI 43-101”) for its Elephant Project, located in theprolific Battle Mountain Mining District, Nevada.

The Report, authored by Steven L. McMillin, MSc, CPG, of RangefrontMining Services, provides an integrated assessment of geology,geophysics, and the compilation and analysis of historical explorationdata. Historical exploration on the property has identified multiplegold-bearing structures, surface sampling anomalies, and drillintercepts that indicate strong potential for both high-grade andbulk-tonnage gold mineralization. Previous work identified scatteredmineralization in widely spaced holes that, when mineralized, suggestthe presence of a larger system at depth. The current report outlinesthat additional drilling is warranted to evaluate skarn- andporphyry-style gold-copper mineralization.

Key Highlights from theReport:

• The Elephant Project sits on the east-central flank ofthe Battle Mountain District, with year-round access and establishedinfrastructure.

• Approximately 3,740 acres (1,514 ha) across 187unpatented lode claims

• Historical Work:

  • 32 drill holes totalling 11,868 m (38,937 ft) with 27holes reaching bedrock

  • Widespread base metals anomalismand localized high grade Au within skarn/hornfelsnear intrusive dikes.

• Notable Intervals (historic):

  • EL04 P3: 1.5 m @ 14.5 g/t Au, plus1.5 m @ 1.735 g/t Au.

  • 3C: 6.2 ft @ 7.70 g/t Au, plus multiple intervalsbetween 0.59–1.60 g/t Au over 1–20 m.

  • These intercepts occur within broader halos ofbase-metal enrichment (Cu, Pb, Zn), consistent with skarn/porphyrysystems.

( True widths unknown; all intercepts arehistorical and reported in the Report.)

• Geophysics Driven Targets:

  • IP–Resistivity survey defines coherent chargeabilityanomalies interpreted as sulfides at depth, aligned with intrusivetrends.

  • Airborne magnetics show magnetite destructive alteration consistent with porphyry systems.

  • Priority drill intervals are outlined along four IPlines.

“This Report further highlights the potential of the ElephantProject, supporting the Company’s intention to advance a systematicexploration program aimed at expanding on past work and unlocking theproject’s full potential in a district that already hosts tier-oneoperations,” commented Michael Smith, CEO of Element79 Gold Corp.“With high-grade gold intervals reported in historical core andgeophysical signatures consistent with sulfide mineralization, ourfocus is on smart meters that test the heart of this system.”

Click Image To View Full Size

Figure 1: Proposed drill targets

Next Steps:

1. Legacy Core Program: Re-log, photograph, and digitizehistorical core; implement QA/QC check assays andpetrography.

2. Geophysics Integration: Complete a property-wideground/drone magnetics survey and extend IP coverage over remainingclaims; merge historical gravity data with public datasets.

3. 3D Geologic Model: Build an integrated model combining structural, geochemical, and geophysical data to ranktargets.

4. Drilling: Test IP chargeability corridors and theinterpreted north?northeast intrusive trend, stepping into Section12 where multi?element grades are highest.

The full NI 43-101 report can be viewed on SEDAR+ here.

Qualified Person

The technical information in this release has been reviewed andapproved by Kim Kirkland, Director of Element79 Gold Corp, Fellow ofAusIMM #309585, and a "qualified person" as defined byNational Instrument 43-101.

About Element79 Gold Corp.

Element79 Gold Corp is a mining company focused on the exploration anddevelopment of its portfolio of high-potential gold projects. TheCompany’s focus is its Nevada portfolio, anchored by the GoldMountain and Elephant Projects, both located in the world-class BattleMountain Trend. In addition, Element79 continues to advance itshigh-grade Lucero Project in southern Peru, positioning the Companyfor long-term exploration growth.

For further details on this announcement and the Company’s projects,please visit www.element79.gold

Contact Information

For corporatematters, please contact:

Michael Smith, Chief Executive Officer

E-mail: ms@element79.gold

For investorrelations inquiries, please contact:

Investor Relations Department

Phone: +1. (855) 535-3679

E-mail: investors@element79.gold

Cautionary Note Regarding ForwardLooking Statements

This press contains "forward?looking information" and"forward-looking statements" under applicable securitieslaws (collectively, "forward?looking statements"). Thesestatements relate to future events or the Company's futureperformance, business prospects or opportunities that are based onforecasts of future results, estimates of amounts not yet determinableand assumptions of management made considering management'sexperience and perception of historical trends, current conditions andexpected future developments. Forward-looking statements include, butare not limited to, statements with respect to: the Company’s plansand intentions for further exploration at the Elephant Project,including proposed drilling programs, geophysical surveys, andgeologic modeling; the timing, scope, and objectives of such programs;and the potential for mineralization and project development.Assumptions may prove to be incorrect and actual results may differmaterially from those anticipated. Consequently, forward-lookingstatements cannot be guaranteed. As such, investors are cautioned notto place undue reliance upon forward-looking statements as there canbe no assurance that the plans, assumptions or expectations upon whichthey are placed will occur. All statements other than statements ofhistorical fact may be forward?looking statements. Any statementsthat express or involve discussions with respect to predictions,expectations, beliefs, plans, projections, objectives or future eventsor 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 similarexpressions) are not statements of historical fact and may be"forward?looking statements".

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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