E79 Resources Corp. report on its exploration activities at the Myrtleford and Beaufort gold properties in Victoria, Australia. All drill results have been received from the Happy Valley and Twist Creek prospects with key intersections including: Happy Valley 0.60 meters (m) at 16.25 grams per tonne (g/t) gold (Au) from 23.9m within 10.20m at 1.6 g/t Au from 21.5m (hole CFD004).

Twist Creek 0.20m at 8.3 g/t Au from 372.4m (hole TWD012) and 2.35m at 3 g/t Au from 383.3m. 0.20m at 6.43 g/t Au from 101.95m (hole TWD015), 0.25m at 7.29 g/t Au from 107.15m, and 1.00m at 3.42 g/t Au from 89m. Detailed LIDAR surveys flown by the government have been acquired and processed covering the whole Myrtleford Project area.

A geological interpretation identifying all the extensive historical gold workings along the 40km trend is in progress with the aim to delineate multiple drill targets. econnaissance rock chip sampling and geological mapping continues along the 7km-long Twist Creek and 16km-long Magpie trends. Areas of significant historical gold production and LIDAR- identified structural targets will be prioritized.

The Exploration License (ELA007670) application process is in its final stages for the 7km extension of the Happy Valley high-grade gold corridor towards the southeast containing multiple historical gold workings. The Company, which is well financed with approximately $6 million in cash, is reviewing other opportunities in the Victorian Goldfields and beyond to expand its gold project portfolio. The drilling program at Twist Creek comprising 18 drillholes (TWD001-TWD018) for 4,437m has now been completed.

This drill program was the first ever to test beneath the shallow high-grade historical gold workings at this area where a total of six prospects were targeted over a 3km-long by 1km-wide trend. This trend contained an increased number of gold workings with multiple sub-parallel trends identified from the detailed LIDAR and historical reports. Significant results from this first-pass drill program previously released include1.60m at 17 g/t Au from 73m including 0.60m at 43 g/t Au (hole TWD006 ­ Scandinavian Prospect).

1.10m at 15.3 g/t Au from 67.9m including 0.60m at 27.4 g/t Au (hole TWD003 ­ Scandinavian Prospect). 0.35m at 40.1 g/t Au from 82m (hole TWD009 ­ Victoria Prospect). 1.20m at 8.6 g/t Au from 133.8m including 0.40m at 25 g/t Au (hole TWD007 ­ Victoria Prospect).

The successful results from this inaugural drill program prompted a follow-up drill program at the Scandinavian and Victoria prospects. This program consisted of five drillholes (TWD014-TWD018) for 806m and aimed to expand the high-grade mineralization previously intersected on a 40m-by-40m drill pattern. The last drillhole of this program, TWD018 was drilled at the Victoria Prospect.

Significant intersections include: 0.20m at 6.43 g/t Au from 101.95m (hole TWD015 ­ Scandinavian Prospect), 0.25m at 7.29 g/t Au from 107.15m, and 1.00m at 3.42 g/t Au from 89m. 1.00m at 2.15 g/t Au from 152m (hole TWD016 ­ Scandinavian Prospect) and 1.00m at 2.12 g/t Au from 84m. More drilling was planned at Twist Creek but due to the unseasonal wet weather conditions, the program was suspended.

These conditions also restricted access to drill sites planned to test the more favorable southerly plunge of the high-grade gold shoots. These areas will be re-evaluated once ground conditions improve and are deemed safe to access.