Former Integra Mining team to lead $4m float of new Laverton gold explorer

Media Release                                                                 Thursday, 9 September 2021

 Former Integra Mining team to lead $4m
   float of new Laverton gold explorer
Key Points:
    • 20M shares being offered at an issue price of $0.20 per share to raise $4M.
    • Oversubscriptions of up to a further $3M may be accepted.
    • Key assets: Laverton South Project in the world-class Laverton Greenstone Belt and Jungar Flats
        Project in the North Murchison Region.
    • Laverton South encompasses a completely untested “new search space” just south of Apollo
        Consolidated’s (ASX: AOP) 1.1Moz Lake Rebecca Gold Project and immediately east of Breaker
        Resources’ 1.4M Lake Roe Project (ASX: BRB).
    • Euroz Hartleys Ltd appointed as Lead Manager.
    • Key dates: Offer scheduled to close on 22 September 2021 but may close early.
    • ASX listing targeted for 6 October 2021.
    • Prospectus available for download from: https://e79gold.com.au/
    • Applications for Shares under the Public Offer can be made online at
        https://investor.automic.com.au/#/ipo/E79GoldMines

The highly successful former Integra Mining team led by Chris Cairns and Peter Ironside is returning to the WA
Goldfields via the float of their Laverton-focused explorer, E79 Gold Mines (proposed ASX Code: E79).

E79 is seeking to raise a minimum of $4 million with scope to increase this to $7 million at 20c a share through
a Public Offer led by Perth-based broking firm Euroz Hartleys Ltd.

The Company’s flagship asset is the Laverton South Project located at the southern end of the highly endowed
Laverton Tectonic Zone. This is one of the world’s richest gold belts with more than 30 million ounces in historical
production, reserves and resources and hosts numerous prolific deposits including Granny Smith (3.7Moz),
Sunrise Dam (10.3Moz) and Wallaby (11.8Moz).

The Laverton South Project comprises 346sqkm of tenure 120km east of Kalgoorlie and 20km east of Breaker
Resources’ (ASX: BRB) 1.4Moz Lake Roe gold project. It is also situated 9km south of Apollo Consolidated’s (ASX:
AOP) 1.1Moz Lake Rebecca gold project.

Despite its highly desirable address, the Project has been exposed to very little exploration. This is due mainly
to a long-standing belief, underpinned by the Geological Survey of WA, that this southern extension of the
tectonic zone was underlain by granite.

However, recent aeromagnetic data has revealed the presence of a folded sequence of greenstones below what
E79 believes is a shallow granite sill. This is supported by limited drilling conducted by previous explorers, which
intersected a greenstone sequence.

E79 also holds the Jungar Flats Project in WA’s North Murchison region, located 70km west of Meekatharra and
45km north-east of the globally renowned 2.8Moz Big Bell gold deposit. The project comprises 30km of strike of
the highly prospective Big Bell Shear.

Previous exploration has been spasmodic and historical geochemistry and drilling are not seen as an effective
test of the bedrock potential for gold. Several targets have been identified for further investigation.

                                 E79 GOLD MINES LIMITED ABN 34 124 782 038
                     FIRST FLOOR, 168 STIRLING HIGHWAY, NEDLANDS WA 6009 AUSTRALIA
                    TEL: +61 8 9287 7625 FAX: +61 8 9389 1750 E:        INFO@E79GOLD.COM.AU

Upon listing, E79 will be chaired by Non-Executive Director Mr Cairns, who was Managing Director the highly
successful WA gold explorer and producer Integra Mining until its agreed takeover by Silver Lake Resources (ASX:
SLR) in 2013. He is currently Executive Chairman of successful Victorian copper-gold explorer Stavely Minerals
(ASX: SVY).

Mr Ironside, also a former Integra Director and a current Stavely Non-executive Director, will be on the E79
Board along with highly experienced geologist Deborah Lord. Ms Lord has worked for Western Mining
Corporation, Placer Dome, SRK Consulting and BHP and is a Director of the UWA Centre for Exploration Targeting
and chair of VALMIN, which develop and maintain the public code for reporting technical assessments and
valuations of mineral assets.

The Chief Executive is Ned Summerhayes, a geologist with more than 15 years’ experience in exploration, mainly
in WA. His most recent role was with Black Cat Syndicate as Exploration Manager, where he had corporate
responsibilities and directed technical programmes.

Mr Cairns and Mr Ironside will emerge as substantial shareholders of E79 with stakes of at least 5.6 per cent and
8.3 per cent respectively.

“We believe E79 offers investors a rare opportunity to secure exposure to one of the few greenstone areas of
WA which has not already been heavily explored,” Mr Cairns said.

“The Geological Survey mis-characterisation of the South Laverton Project area as underlain by granite had
deterred previous exploration and we believe this has created an immense opportunity for E79 with the
recognition that the area was actually underlain by very prospective greenstone lithologies.

“After listing on the ASX in early October, we will hit the ground running with an aggressive exploration program
which we believe has the potential to unearth a significant gold discovery.”

Important Notice: The offer of the securities in E79 Gold Mines Limited is made in, or accompanied by, a copy of
the Prospectus dated 17 August 2021. A person should consider the Prospectus in deciding whether to acquire
the securities and anyone who wishes to acquire the securities will need to complete the application form online
in accordance with section 4.9 of the Prospectus. This release does not constitute a solicitation to acquire
securities in E79 Gold Mines Limited. Full details and JORC Code compliant reporting of Exploration Results and
Mineral Resources are included in the E79 Gold Mines Limited Prospectus.

                                                     ENDS

For more information:

Investors:                                                                       Media:
Ned Summerhayes                                                                  Nicholas Read / Paul Armstrong
Chief Executive Officer                                                          Read Corporate
E79 Gold Mines Limited                                                           Tel: +61-8 9388 1474
Tel: + 61-8 9287 7625

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Projects Location Map

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Laverton South Project Tenement Location Map

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Jungar Flats Project Tenement Location Map

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