Element79 Gold Corp. provided an update on its ongoing progress within the Abitibi Subprovince targeting bulk tonnage style gold mineralization at its Dale Gold Property in Ontario, Canada. Mobilization has begun for Phase 1, focused on following up on historic prospecting which has returned up to 3.82 g/t gold. Work Program Leadership and Team: A Long History of Mining. Element79 Gold is pleased to have the experienced leadership of its director, Mr. Neil Pettigrew, M.Sc, P.Geo., and his team at Fladgate Exploration Consulting Corporation ("Fladgate") managing the Phase 1 program on the Dale Gold Property. The Fladgate team has historically worked with clients such as Barrick Gold Corporation ("Barrick Gold") (NYSE listed) and Newmont Corporation ("Newmont") (NYSE listed) and several names which have gone on to be acquired including Goldcorp Inc. (acquired by Newmont), PC Gold Inc. (acquired by First Mining), and Placer Dome (acquired by Barrick Gold). Detailed Work Plan and Progress: The Element79 Gold team is utilizing both historical data and the earlier Spring 2021 drone-based magnetometer survey to focus reconnaissance mapping, prospecting, and soil sampling. In addition trenching and channel sampling will carried out on existing gold showings identified by the vendors of the property which have returned up to 3.82 g/t gold. The Company intends to pursue the Phase 2 work program (including 1,500m of diamond drilling) as recommended within the 43-101 Technical Report following favourable results from Phase 1. Surrounding Area Hosts Some of the World's Large Gold Deposits: The Dale Property is a highly prospective early-stage gold project located in the Swazye greenstone belt, which is turn is part of the Abitibi Subprovince which hosts some of the world's large gold deposits, e.g. the Timmins camp which has produced over 70 million ounces of gold. The Swazye greenstone belt is best known for hosting IamGold's Côté Lake deposit which contains 10.2 million ounces Measured and Indicated and 3.8 million ounces Inferred, and is located 50 km southeast of the Dale Property. The Côté Lake project received a Positive Construction Decision in July 2020 and plans to achieve commercial production in 2023. Strong Gold Market Outlook Presents Prime M&A Environment: Element79 Gold believes market conditions are ripe for value-driven gold acquisitions and is actively reviewing several advanced project acquisition opportunities. The Company expects to create significant additional value for its investors both immediately and over the long term as a result of its growing M&A pipeline. In fact, Goldman Sachs' latest research note forecast gold at USD 2000/oz in 3, 6, and 12-month horizons.