Gold79 Announces $4,000,000 Private Placement Financing in Connection with Bullet Merger and Amendment to Merger Agreement Page 1

Ottawa, Ontario–(Newsfile Corp. – September 11, 2024) – Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (“Gold79” or the “Company”) is pleased to announce the commencement of a non-brokered private placement for gross proceeds of $4,000,000 (the “Offering”).

Gold79 is pursuing the Offer in connection with its previously announced merger agreement with its wholly owned subsidiary and Bullet Exploration Inc. (“Bullet”) to acquire all of the issued and outstanding shares of Bullet (the “Transaction”). The Transaction and Offering are intended to create a well-financed gold exploration company focused on the southwestern United States. Pursuant to an amendment to the Merger Agreement executed in connection with the Transaction, the Offering may be completed in tranches at any time from now until immediately after the closing of the Transaction. The completion of any tranche or tranches of the Offering is not conditioned on the completion of the Transaction. There is no assurance that the Transaction will be completed and the proceeds from the Offering may be used in full by Gold79 whether or not the Transaction is completed.