Tip Top Project In Nevada Has Been Acquired

ONTARIO - Derek Macpherson, President and CEO of Gold79 Mines Ltd. said, “The Company has acquired the Tip Top Project in Nevada. When I joined Gold79 three years ago, my view was that any one of our projects could justify our market capitalization at that time. This included the Tip Top project where the 154 historical drill holes included results of 4.57m at 16.31 g/t Au (T98-12) and 9.14m at 14.42 g/t Au (T98-14) within a plus 5-kilometre gold-in-soil anomaly. While work has been limited over the last three years, we continue to believe that Tip Top is a prospective project and we continue to focus our current resources on the Gold Chain project."

The Tip Top project is located in Esmeralda County, Nevada at the north end of the White Mountains, five miles south of Montgomery Pass, which is on U.S. Highway 6 between Bishop, CA and Tonopah, NV. The project is approximately 60 km south-south east of the past producing Borealis Mine (approximately 500,000 ounces of gold produced), now operated by Borealis Mining; the past producing Aurora Mine (approximately 1.9M ounces of gold produced), owned by Hecla; and, Headwater Gold's Spring Peak project, where Headwater is partnered with Newmont Gold.