News

(TheNewswire)

VANCOUVER, BC TheNewswire – June 27, 2025 Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (” Element79 Gold “, the ” Company “) today announced that it has provided a notice of force majeure (” Notice “) to Condor Resources Inc. (” Condor “) to temporarily suspend payment obligations under the Lucero Project Agreement entered into between Calipuy Resources Inc. (” Calipuy “), a wholly owned subsidiary of the Company, and Condor on December 21, 2020 (the ” Lucero Agreement “).

The Company has faced significant difficulties in advancing the Lucero Project since the acquisition of Calipuy on June 19, 2022. As a result of conflicts with the local community, significant delays of relevant governmental authorities to act on necessary legislation and policies, and municipal inaction preventing the enforcement of mineral claims, Element79 has been unable to access the Lucero Project and perform exploration or commercial mining operations (” Force Majeure Event “). As such, the Company provided the Notice to Condor today to suspend payment obligations until the sooner of the end of the Force Majeure Event or twenty-four (24) months from the date of the Notice. At this time, the Company is uncertain as to when the Force Majeure Event will cease.

Element79 remains committed to advancing the Lucero Project and developing the Lucero Project into a commercially viable mining operation. The Company is currently in the process of pursuing alternatives to push the Project forward and work collaboratively with stakeholders to end the Force Majeure Event. The Company will continue to update stakeholders as the situation develops, as and when appropriate.

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver assets. Its principal asset is the past-producing Lucero Project in Arequipa, Peru, where it aims to resume operations through both conventional mining and tailings reprocessing. In the United States, the Company holds interests in multiple projects along Nevada’s Battle Mountain Trend.  Additionally, Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process.

For more information about the Company, please visit www.element79.gold

For Further Information, Please Contact:

James C. Tworek

Chief Executive Officer

E-mail: jt@element79gold.com

Investor Relations Department

Phone: +1 (403.850.8050

E-mail: investors@element79gold.com

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate,” “plan,” “continue,” “expect,” “estimate,” “objective,” “may,” “will,” “project,” “should,” “predict,” “potential” and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

North Bay Resources, Inc. (the ” Company ” or ” North Bay “) (OTC: NBRI) is pleased to announce a private placement offering to residents of the United States (and globally as Canadian and non United States Accredited Investors) who qualify as verified accredited investors pursuant to Rule 506(c) and Regulation D under the United States Securities Act of 1933. All US subscribers must complete and return the accreditation form and sufficient supporting information in order to satisfy Rule 506(c) under Regulation D.

The offering is for a Unit consisting of 60% Common Shares of North Bay and 40% physical gold from production by North Bay. Each Unit will be issued at a price of $0.001 USD per Unit for gross proceeds of up to $1,000,000 USD (the “Offering”). This equates to 10,000,000 shares and 1.3 ounces of gold per $10,000 investment. Assuming the Offering is fully subscribed, the post-closing valuation of the Company will be approximately $5,500,000 USD. The net proceeds from the Offering will be used primarily for working capital, specifically for gold production.

The Offering is expected to close on or before July 31, 2025. No commissions or agent fees will be paid as part of the financing. The Company has contracted the services of Issuance.com to provide the online platform including 506c accreditation verification for US subscribers.

The securities being offered by the Company have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

The Company is not a reporting issuer in any province or territory in Canada and its securities are not listed on any stock exchange in Canada.

For further information please go to https://invest.northbay-resources.com / or contact the Company at invest@northbay-resources.com.

North Bay Resources

The Company owns and operates the 96 ton per day Bishop Gold Mill (70%) located in Bishop, California and the Fran Gold (50%), Murex Copper-Gold (100%), Copper Island (100%), and Tulameen Platinum (100%) Projects. The Fran Gold Project includes a recently discovered bulk tonnage deposit and associated resource estimate. As a result, the Company has implemented a two-pronged approach to the Fran Gold Project, In addition to providing feedstock to the Company’s Bishop Gold Mill from existing stockpiles and the high grade surface oxide zone with consistent grades of 0.5 ounce per ton, exploration will now occur to further expand the known mineralized zone with current resource estimate ( non-NI 43-101) as follows:

Past exploration and development, including over 18,000m (55,000ft.) of diamond drilling, has shown large intercepts of mixed vein and disseminated gold. The deposit area has been identified to be in excess of 1000m x 100m x 300m within a known strike length of 1700m. The Fran Gold Project is next to Centerra Gold’s Mt. Milligan Project, with Reserves of 264Mt grading 0.3 gram per tonne gold and 0.2% copper and proximate to Artemis Gold’s Blackwater Mine, with Proven and Probable Reserves of 334Mt grading 0.8 grams per tonne gold. Both Mt. Milligan and the Blackwater Mine are two of the largest new copper/gold and gold mines respectively, in North America.

On behalf of the Board of Directors of

North Bay ResourceS INC.

Jared Lazerson
CEO

info@northbay-resources.com

northbay-resources.com

X: @NorthBayRes

YouTube: North Bay Resources – YouTube

LinkedIn: North Bay Resources Inc | LinkedIn

Cautionary Statement: This news release contains “forward-looking information” within the meaning of the applicable securities regulations that is based on expectations, estimates, projections, and interpretations as of the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the size and use of proceeds of the Offering, the timing and ability of the Company to close the Offering, if at all, and the potential for the Company to achieve its stated objectives and/or meet expectations are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of the management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking information.

Although the forward-looking information contained in this news release is based upon what the Company’s management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure prospective purchasers of the offered securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person associated with the Company assumes responsibility for the accuracy and completeness of any such forward-looking information.

The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.