Element79 is also provide a summary of its most recent channel sampling on the Company's property, Lucero, Peru. A total of 455 samples, representing more than a metric ton of mineralization and wall rock, underwent comprehensive analysis, revealing significant exploration potential. Notably, 115 samples returned substantial values, with gold (Au) ranging from 1.0 g/t to 98.1 g/t, silver (Ag) ranging from 0.7 g/t to 3,026 g/t, lead (Pb) up to 2.0%, and zinc (Zn) up to 3.5%, showcasing the strong mineral potential of the Lucero project.

Among these, 17 samples exhibited gold values surpassing 10g/t, with 8 samples exceeding 20 g/t, and 51 samples boasting silver values exceeding 100 g/t Ag. Of particular significance are 15 high-grade samples with values ranging from 12.65g/t to an impressive 98.1g/t of Au, and remarkable silver values of 62.1 g/t to 3,026 g/t and up to 3.24% Zn, reaffirming the project's exceptional potential for high-grade mineralization. The latest assay data further positions Element79 for strategic advancement, successfully transforming exploration work into pivotal milestones and underscoring the tangible promise and potential of the Lucero project.

Importantly, the data will be the foundation for the Company's upcoming drill plans and resource estimation. Ongoing Progress in Chachas Community: With its focus on growing its relationships with the communities it works in, the Element79 Gold Corp. team along with its NGO partner UMA, continue to work monthly in the greater Chachas region, sharing, listening, educating and helping residents and leaders, working between the seven different hamlets that make up the greater community.

As previously announced, with the incoming of the new Mayor at the start of 2024, the community itself works to complete updates to its own underlying Charter, a foundational process that is required before further contracts such as those for the Company's long-term surface rights access, and formalization agreements with Lomas Doradas (the local artisanal mining association) that the Company has provided, can be finalized. The Chachas community formally meets at the end of every month to work through its affairs. Current guidance from the community is that it anticipates the ratification of the community Charter to be complete no later than the end of July, 2024.

Further updates will be provided as they are received on a biweekly basis.