79 RESOURCES LTD. REPORTS ON PLANNED ACTIVITIES FOR THE LOUISE LAKE PROPERTY, BC

Vancouver, British Columbia – January 29, 2021 – 79 Resources Ltd. (CSE: SNR) ("79 Resources " or the “Company”) reports on activities related to its Louise Lake Property located in central B.C., approximately 35 kilometres west of the town of Smithers in the Omineca mining division. 

The Louise Lake property consists of eight mineral claims covering an area of 1,862 hectares where porphyry-style copper-gold-molybdenum-silver mineralization has been discovered and drilled by other companies, on two principal zones (Main Zone and Lake Zone Prospects) with numerous other geophysical and geochemical targets. 

Proposed activities include:

• Long-Wave Infrared survey - DIRT Exploration of Cape Town, South Africa have been engaged to complete a long-wave infrared survey (LWIR) over the Louise Lake property and projected target extensions. LWIR is a remote sensing technique that is also referred to as thermal imaging, that can be used to map the distribution of certain minerals related to hydrothermal alterations (such as quartz, adularia, albite, kaolinite, orthoclase, Na- and Ca-montmorillonite, calcite, opal, chalcedony, gypsum, alunite, jarosite, and other sulfates). 
• Compilation of Geophysical Surveys – the Louise Lake property has had numerous geophysical surveys completed over the years by various companies, but mostly pre-2000. However, the property was covered by the Geoscience BC's QUEST-West Project (2009) including an airborne time domain electromagnetic (TEM) survey and an airborne gravity survey. The TEM and gravity surveys were conducted by Aeroquest Ltd. and Sander Geophysics Ltd., respectively. A consulting geophysicist has been engaged by the Company to compile and evaluate the historic geophysical surveys, and the Quest-West data, with the known mineralization and historic diamond drill results on the Property.  

The Company is also planning a summer field program comprising grid geochemical sampling, geological mapping, rock sampling and prospecting. All of the Company’s field activities will be conducted under Federal and Provincial COVID-19 operating protocols and safety measures as required. 

The Company further announces it has set 630,000 options to directors and consultants of the Company at $0.16 for a period of 2 years in accordance with the Company’s stock option plan.

Qualified Person

Garry Clark, P. Geo., a Qualified Person under National Instrument 43-101, is the Qualified Person responsible for reviewing and approving the technical contents of this news release as they pertain to the Louise Lake Property.

About 79 Resources Ltd.

79 Resources is a recently formed junior mining exploration company. Its objective is to acquire, explore and develop precious and base metal properties of merit. 

ON BEHALF OF THE BOARD
“John Masters”
John Masters Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).