Element79 Gold restructures Lucero sale into initial 35% stake sale with option for remainder

• Element79 Gold signed a November 9, 2026 agreement with 1588425 B.C. restructuring the Lucero project sale in Peru into staged purchases.
• The buyer will initially acquire 35% of Calipuy for US$ 700,000, including a US$ 300,000 deposit and US$ 400,000 payable at closing.
• An option for the remaining 65% expires January 31, 2027; its US$ 1.3 million price would bring total consideration to US$ 2 million.
• The buyer assumes Condor obligations at closing, with US$ 1.1 million allocated toward them; expected retained net proceeds are approximately US$ 700,000.
• The seller remains liable to Condor, including US$ 800,000 due February 12, 2027 and US$ 4.05 million due July 31, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Element79 Gold Corp. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202611101730TNWSWRCACNPR_____1LYzFXwg3) on November 10, 2026, and is solely responsible for the information contained therein.