Element 79 Gold Reports Progress on Lucero Property Work and Community Engagement

About this update from Element79 Gold Corp.

VANCOUVER, BC - TheNewswire - December 22, 2023 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element 79 Gold", the "Company") is pleased to provide a progress update on the ongoing underground work on the Apacheta and Pillune areas of its flagship Lucero property. Underground Mapping and Sampling Recent work has focused on mapping and surface and underground sampling at the Apacheta area. The following progress has been made: Underground Mapping: 4 addits, 2,505 linear meters (358m/day).  Sampling: 200 samples collected (28 samples per day), including 26 QA/QC samples.  Image 1 – Updated map outlining mapping and channel sampling progress at the Lucero project. December 2023. Further field work is underway at the Lucero site and is expected to complete on or around December 30th , with the total 2023 work program re-generating unavailable historical mapping and data sets, including a significant volume of channel samples along the addits and veins where past production, and current artisanal production is coming from. This data will help the Company develop geological models and both underground and surface-level drilling targets, which the Company intends to form a drilling campaign around in mid-2024. Image 2 – Channel samples from the Apacheta vein. December 2023. Social Affairs The local Chachas community continues to provide invaluable support to our geological team, ensuring seamless mapping and sampling activities. Following on the Company's commitments as outlined in its news release of October 6, 2023 it has coordinated the manufacturing of the second batch of HDPE pipes as part of our proactive approach to support the community's infrastructure needs; the delivery of the second part of the piping donation for the Ticlla irrigation program will be complete by December 22, 2023. In addition to completing upon its previous social commitments, the field team engages in daily dialogues with local artisanal miners from the upper parts of the mines to strengthen social relations and heighten awareness, facilitating continued entry into the other galleries of the Apacheta region of the project. In the spirit of community collaboration, a special chocolatada, a heartwarming seasonal chocolate drink, was shared with artisan miners in the Lomas Doradas camps on December 21 and will be shared with the workers and some of the communit...

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