E79 Resources Corp. reported additional high-grade gold intersections from its inaugural drill program at the Twist Creek area located 40km north of the Happy Valley Prospect at its Myrtleford Project in Victoria, Australia. At the Victoria Prospect, three inaugural drill holes (TWD007, TWD008 and TWD009) were completed, targeting beneath the historical workings detected and mapped via aerial LiDAR surveys last year.

These high-grade drill results with gold assays up to 40.1 g/t and elevated base metals are located approximately 1km south of the sub-parallel Scandinavian trend where recent drilling intersected1.6m @ 17 g/t Au from 73m including 0.6m @ 43 g/t Au (hole TWD006) and 1.1m @ 15 g/t Au from 67.9m (hole TWD003). Further drilling is planned to test this high-grade mineralization at depth and along trend. Two quartz-sulphide structures were intersected in the drilling indicating a steep westerly dip at approximately 70 degrees.

The narrow but high-grade gold zone contains a broader and continuous sub-parallel lower grade gold zone 20m in the footwall. The higher grades intersected in deeper holesTWD009 and TWD007 may indicate that the grades may be getting better with depth but further drilling is required to confirm this. All drill holes at Twist Creek were drilled on inclinations ranging between -30 and -70 degrees and drilled as perpendicular to the targets as the drill sites would allow.

Historical mining operations were undertaken on steeply west dipping quartz vein structures. Drill core intersection angles of the quartz vein structures range between 45 and 80 degrees to the core axis, so the true width is expected to be between 50% and 80% of the downhole width. Following the high-grade gold discovery hole at Happy Valley where drilling intersected 11.1m @ 160.45 g/tAu (hole HVD003), the Company made a commitment to ramp up drill activities to test the Twist Creek targets containing up to six lines of reef over a 3km strike length (within the 7km-long trend) that were historically mined with grades up to 2 ounces of gold per tonne.

The Twist Creek inaugural drill program was designed to focus on zones containing multiple reef structures with historical gold production. Drilling continues at the Twist Creek Prospect within the Myrtleford Project area. The Twist Creek area is situated in the northern portion of the Company's Exploration Licence EL006724 in Victoria, Australia.

It lies within a 7km-long trend of historical workings and mines. The Twist Creek Mining Centre produced gold at an average grade of ~31 g/t Au. Prior to E79's inaugural drill program, no modern exploration activities had been conducted within this area.

NEXT STEPS: At Happy Valley, processing of drill core from the nearby Champion/Franklin and Manager's Hill prospects is in progress. A detailed structural review and 3D model will be completed upon finalization of assay results. Drilling is planned to re-commence along the 12km Happy Valley corridor once the southeast exploration licence application is granted.

At Twist Creek, drilling continues and is currently testing the Excelsior target before moving to the Scandinavian and Victoria prospects to follow-up and expand on the recent high-grade gold results. Further to this, first-pass rock chip sampling and mapping programs will continue along the 7km-long trend to help generate the next drill targets. At the Beaufort Property, further rock chip sampling and mapping of outcropping quartz reefs will commence soon, followed by shallow drilling.