E79 Resources Corp. Announces Steven Butler as Proposed Board Member

VANCOUVER, Dec. 8, 2020 - E79 Resources Corp. (CSE: ESNR) ("E79" or the "Company") notes that its upcoming annual general meeting of shareholders is being held on Wednesday December 9, 2020. The Company's meeting materials named 4 director nominees for 4 director positions. The Company now wishes to nominate a fifth director for election at the meeting, Steven Butler.

Steven Butler brings to the company his capital markets insights, experience and relationships gained over a 25 years career predominantly in precious metals research. He held senior positions at four investment banks including BMO Capital Markets, Canaccord Genuity, TD Securities and GMP Securities. His knowledge and experience will greatly benefit the Company as it plans ongoing exploration activities, communicates those activities to the market and works to build its industry presence. Steve previously served as a director of Atacama Pacific Gold Corp. in 2015-2016 (acquired by Rio2 Ltd. in 2018). He currently holds the position of Business Development Advisor at Certarus Ltd. Steve holds an MBA from Dalhousie University (1991) and HBSc in Geology from Queen's University (1988).

The Company advises that to accommodate the election of Mr. Butler as a fifth director, the number of directors to be set for the coming year will be increased from 4 directors to 5 directors, by way of a motion made at the shareholder meeting. Any votes for the number of directors to be set at 4 (in a deposited proxy) will be voted for setting the number of directors at 5, unless the proxy contains specific instructions otherwise. With the 5 director positions expected to be approved, management will nominate Mr. Butler as one of the management nominees for the 5 director positions. The management proxyholders intend to vote for Mr. Butler's election as a director unless the proxy contains specific instructions otherwise to withhold such vote.


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 vast majority of past exploration stopped at the water table. The Company continues to evaluate corporate development opportunities in the underexplored and prolific Victorian Goldfields. Website: www.E79resources.com


Rory Quinn
President and Chief Executive Officer



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.

SOURCE E79 Resources Corp.



For further information:

E79 Resources Corp.
Email: info@E79resources.com