Element79 Gold Announces Non-Brokered Private Placement of up to C$1,000,000

About this update from Element79 Gold Corp.

(via TheNewswire)   VANCOUVER, BC - TheNewswire - June 12, 2026 — Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) (“Element79” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of up to 55,555,556 units of the Company (each, a “Unit”) at a price of C$0.018 per Unit for aggregate gross proceeds to the Company of up to C$1,000,000. Each Unit will be comprised of one common share in the capital of the Company (each, a “Unit Share”) and one transferable common share purchase warrant (each, a “Warrant”). Each whole Warrant will entitle the holder thereof to acquire one additional common share of the Company (each, a “Warrant Share”) at an exercise price of C$0.05 per Warrant Share for a period of twenty-four (24) months from the date of issuance of the Warrants. The Warrants will be subject to an acceleration provision pursuant to which, at any time following the expiry of the statutory hold period applicable to the Warrants, if the volume-weighted average trading price of the Company’s common shares on the Canadian Securities Exchange (the “CSE”) equals or exceeds C$0.10 per common share for any ten (10) consecutive trading days, the Company may, by news release, accelerate the expiry of the Warrants to a date that is not less than thirty (30) days following the date of such news release. Any Warrants that are not exercised on or before such accelerated expiry date will expire and be of no further force or effect. Use of Proceeds The Company intends to use the net proceeds of the Private Placement for general working capital purposes, ongoing exploration and project advancement, and such other corporate purposes as the board of directors of the Company (the “Board”) may from time to time determine. Finders’ Fees In connection with the Private Placement, the Company may pay finders’ fees and other compensation to eligible finders introducing subscribers to the Company, consisting of (i) cash of up to 7% of the gross proceeds of the Private Placement raised through such finders, and (ii) finders’ warrants representing up to 7% of the number of Units sold to subscribers introduced to the Company by such finders, with each finders’ warrant exercisable on the same terms (including exercise price, term and acceleration provision) as the Warrants forming part of the Units, al...

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