Vancouver, British Columbia - E79 Resources Corp. (CSE: ESNR) (OTCQB: ESVNF) ('E79' or the 'Company') is pleased to report additional high-grade gold intersections from its inaugural drill program at the Twist Creek area located 40km north of the Happy Valley Prospect at its Myrtleford Project in Victoria, Australia.

DRILLING HIGHLIGHTS

Multiple zones of high-grade gold mineralization and elevated base metals were intersected in all three drill holes completed at the Victoria Prospect within the Twist Creek area.

The drill results from the Victoria Prospect confirm the extensions of gold mineralization beneath historical workings which remain open in all directions.

Follow-up drilling of the recent shallow high-grade zones at the Scandinavian and Victoria prospects will commence in two weeks.

Patrick Donnelly, E79's President and Chief Executive Officer, stated, 'We are very pleased that we have now identified another prospect, Victoria, within the Twist Creek area. Including the Scandinavian Prospect and the Happy Valley Prospect, we now have three very compelling places to focus our drilling. We will continue to pursue additional exploration activities at these three prospects with the goal of delineating more high-grade gold mineralization. I would also like to highlight that there are many other areas with the 40km-long Myrtleford Project that will likely host high-grade gold mineralization. I believe we are still merely scratching the surface at the Myrtleford Project.'

At the Victoria Prospect, three inaugural drill holes (TWD007, TWD008 and TWD009) were completed, targeting beneath the historical workings detected and mapped via aerial LiDAR surveys last year. These high-grade drill results with gold assays up to 40.1 g/t and elevated base metals are located approximately 1km south of the sub-parallel Scandinavian trend where recent drilling intersected 1.6m @ 17 g/t Au from 73m including 0.6m @ 43 g/t Au (hole TWD006) and 1.1m @ 15 g/t Au from 67.9m (hole TWD003). Further drilling is planned to test this high-grade mineralization at depth and along trend (see significant intercepts in Table 1).

Two quartz-sulphide structures were intersected in the drilling indicating a steep westerly dip at approximately 70 degrees. The narrow but high-grade gold zone contains a broader and continuous sub-parallel lower grade gold zone 20m in the footwall. The higher grades intersected in deeper holes TWD009 and TWD007 may indicate that the grades may be getting better with depth but further drilling is required to confirm this.

All drill holes at Twist Creek were drilled on inclinations ranging between -30 and -70 degrees and drilled as perpendicular to the targets as the drill sites would allow (see Table 2). Historical mining operations were undertaken on steeply west dipping quartz vein structures. Drill core intersection angles of the quartz vein structures range between 45 and 80 degrees to the core axis, so the true width is expected to be between 50% and 80% of the downhole width.

ABOUT E79 RESOURCES CORP.

E79 Resources is focused on exploring for Fosterville-type mineralization at its Beaufort and Myrtleford properties in the Victorian Goldfields, Australia. At Beaufort, an opportunity exists to explore for a hard rock source of a major alluvial goldfield along a structure that is known to host gold in the region. The Myrtleford property represents the consolidation of an entire historic gold camp with over 70 past producing gold mines on the property, where the bulk of historic mining stopped at the water table.

Contact:

Patrick Donnelly

President and Chief Executive Officer

Email: patrick@E79resources.com

Website: www.E79resources.com

Cautionary Note Regarding Forward-Looking Statements

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain statements that may be deemed 'forward-looking statements' with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential', 'indicates', 'opportunity', 'possible' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although E79 believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of gold, copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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