E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million on September 28, 2022. The terms comprise a cash consideration of AUD 0.05 million and shares in E79 Gold to the value of AUD 0.10 million. The number of shares to be issued to Gascoyne shall be determined using the VWAP of E79 Gold shares for the 5 trading days immediately prior to the date of completion. E79 Gold will also be responsible for the minimum spend on the tenement E51/1681 for the next three years. The completion of the acquisition is subject to certain conditions precedent being met that are standard for the acquisition of exploration tenements of this nature.

E79 Gold Mines Limited (ASX:E79) completed the acquisition of gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) on October 17, 2022.