E79 RESOURCES ANNOUNCES CLOSING OF $8 MILLION FINANCING LED BY ERIC SPROTT

Vancouver, B.C., June 23, 2021. E79 Resources Corp. (CSE: ESNR, OTCQB: ESVNF) (“E79” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement financing for gross proceeds of $8,000,000. The Company has issued 8,000,000 common shares at a price of $1.00 per common share, which included a lead order of $5,000,000 from Eric Sprott, and a $3,000,000 order from a strategic investment fund.

Rory Quinn, E79’s President and Chief Executive Officer stated: ”We would like to thank Mr. Sprott for his strong support. With over $12 million in cash and an exciting high-grade gold intercept of 11.1m of 160g/t gold (June 14, 2021) in early drilling at Happy Valley, we can create substantial value for shareholders over the coming months. E79 will wrap up 2 planned drill holes at its Beaufort property, before a planned return to Happy Valley, on its Myrtleford property. More to come.”