E79 Resources Corp. reported on an application for an additional Exploration License along the trend of historical gold workings that include its Happy Valley Mining Centre on its Myrtleford property in Victoria, Australia. As a consequence of ongoing exploration activities and the spectacular assay results received from the first phase of drilling at Happy Valley("E79 Resources Drills 11.1m of 160.45g/t Gold at the Happy Valley Prospect, Victoria, Australia", June 14, 2021), the Company has applied for an additional Exploration Licence (EL007670) covering a total of 54km2 immediately south and east of the Current Myrtleford Property (EL006724). The application has been registered with the Victorian Government and has no competing applications against it. Rory Quinn, E79's President and Chief Executive Officer stated, "The application for an additional Exploration License along what is believed to be a continuation of a structural or mineralized corridor has allowed the company to maximize the exploration potential of this newly re-discovered high-grade gold prospect. By applying for this additional area, the company secured an additional 5 kilometers (km) of strike of a structural or mineralized corridor on top of the 7km of recently defined structural trend within the existing license, providing E79 with an approximately 12km long mineralized trend of highly prospective ground, just in this one specific area of the property. The Happy Valley Prospect is situated in the south eastern portion of the Company's Exploration Licence EL006724 in Victoria, Australia (Figure 1). The Happy Valley Mining Centre has a documented historical production of 34,200 ounces of gold predominantly between 1866 – 1875. The Happy Valley Mining Centre produced at a high-grade of 31g/t Au, which presents E79 with a very attractive target. Recent drilling by the Company has intersected high-grade visible gold intersections including 11.10m @ 160.45 g/t Au (including 0.60m @ 2,430 g/t Au), 0.60m @ 147 g/t Au, and 0.70m @ 99 g/t. Additional exploration has identified numerous historical prospects and minor gold workings along a roughly 12km long North-west South-east trend that includes the Happy Valley Mining Centre. This trend is a direct extension of a 7km long trend identified within the adjoining EL006724. The application has been advertised in accordance with Victorian legislation. Once granted, an assessment of open-file geological data will be undertaken before an exploration program similar to that currently being undertaken on EL006724 will be extended into the new exploration license.