Gold79 Mines Ltd V.AUU

Alternate Symbol(s): AUSVF

Metals & Mining Industrial Metals & Minerals

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada, U.S., and the Gold Chain project located in Arizona, U.S. In addition, the Company holds approximately 32.3% interest in the Greyhound Project, Nunavut, Canada under a joint venture by Agnico Eagle Mines Limited. The Tip Top Gold project is located in Esmeralda County, Nevada at the north end of the White Mountains, five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. The Gold Chain project consists of 15 patented claims, covering approximately 282 acres and 379 lode claims on BLM land comprising about 7,480 acres (3,027 Ha).

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Gold79 Mines Ltd

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Post by yukon_goldon Jul 02, 2021 11:04am

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Post# 33481842

Gold79 Announces AGM Results & Options

GOLD79 ANNOUNCES AGM RESULTS AND STOCK OPTION GRANT

July 2, 2021 - Gold79 Mines Ltd. (TSX-V:AUU) (“Gold79” or the “Company”) announces the results of its annual and special shareholder meeting held on June 30, 2021. All matters submitted to the shareholders, as set out in the notice of meeting and management information circular dated May 26, 2021, were voted in favor, including the election of directors, the appointment of PricewaterhouseCoopers LLP as the auditor of the Company for the ensuing year, and ratification of the Company’s rolling stock option plan.

Gary Thompson, W. William Boberg, Paul Carrelo, James Franklin and Derek Macpherson were elected to serve as directors of the Company.

Mr. Derek Macpherson, President, CEO and incoming Director stated, “I would like to thank our shareholders for their continued support for our team. We are looking forward to our maiden drill program at the Gold Chain project later this summer, the first drilling campaign for the company in several years.”

Additionally, the Company announces that its Board of Directors has approved a grant of stock options to officers, directors and consultants of the Company pursuant to the Company’s 2020 Stock Option Plan. A total of 3,100,000 stock options have been granted to acquire common shares in the capital of the Company at an exercise price of $0.085 per share which expire on July 1, 2026. These stock options vest immediately. This stock option grant is subject to acceptance by the TSX Venture Exchange.

About Gold79 Mines Ltd.

Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon Gold Project and the Tip Top Gold Project both located in Nevada, USA, and, the Gold Chain Project located in Arizona, USA. In addition, Gold79 holds two projects with minority interest being a 37.1% interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle Mines Limited and a 20% carried interest in the Taviche Project in Oaxaca, Mexico now under option to Fortuna Silver Mines Inc.

For further information regarding this press release contact:

Derek Macpherson, President and Chief Executive Officer by email at dm@gold79mines.com or by phone at 416-294-6713.

Gold79’s website is located at www.gold79mines.com

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