Gold79 Mines Ltd. Saddened by Passing of Director James M. Franklin

Dr. Franklin, or Jim to his many colleagues across academia and the minerals industry, served as a Director of Gold79 and its predecessor Aura Resources, from its inception in 2003. In 1996, Jim was elected a Fellow of the Royal Society of Canada's Academy of Science and in 2019 he was inducted into the Canadian Mining Hall of Fame which are just two examples of Jim's significant achievements among numerous additional awards and recognition across the geoscience world. His contributions to the understanding of the Canadian Shield and associated mineral deposits gained Jim global acclaim. His sharp and inquisitive scientific mind was always on display and contributed to the learning of students and executives alike. Jim was always instrumental in assuring that exploration was based upon solid field work, keen observations and good science.

Derek Macpherson, President and CEO stated, "Jim was a valued colleague and a fountain of knowledge on numerous subjects. His contributions, positive attitude and encyclopedic knowledge of geology and projects will be missed by the entire team at Gold79. We extend our deepest condolences to his family."

To more fully understand the significance of Jim's career and lifetime achievements we encourage readers to view the Jim Franklin Tribute Video developed by the Canadian Mining Hall of Fame at this link:

Cannot view this video? Visit:
https://www.youtube.com/watch?v=wTlZqVh--4I

About Gold79 Mines Ltd.

Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 has four gold projects, two of which are partnered with major gold producers (Kinross at Jefferson Canyon and Agnico at Greyhound). Gold79 is focused on establishing a maiden resource at its Gold Chain project in Arizona and advancing its Tip Top Project in Nevada.

For further information regarding this press release contact:

Derek Macpherson, President & CEO
Phone: 416-294-6713
Email: dm@gold79mines.com
Website: www.gold79mines.com.

Book a 30-minute meeting with our CEO here.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including any future private placement financing, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.