Tip Top Gold Project Land Position Expanded

OTTAWA - Gold79 Mines Ltd. has significantly increased the size of the Tip Top Gold Project, Nevada with the staking of 121 new claims. This new staking has expanded the land position at Tip Top from 22 claims (173 hectares) to a total of 143 claims covering approximately 1,062 hectares. Geological mapping of the Tip Top mine area has identified a broad zone, up to 80 meters wide, of northeast-trending quartz-chalcedony veining hosted by silicified volcanic rocks (Figure 2). The broad zone of veining can be traced for about 500 meters northeast from the mine where it appears to pass below a diffuse zone of quartz veinlets hosted by clay-altered (quartz-illite) volcanic rocks and local silicification. Recent mapping has also identified additional zones of strong quartz veining and hydrothermal breccias in the footwall of the Tip Top mine which have not been drill tested and a broader zone of gold mineralization is suspected. The combination of 'high-level' vein textures, alteration products and shallow gold intercepts in the historical drilling suggest that this epithermal gold system has suffered minimal erosion. This is also supported by the widespread presence of mercury workings throughout the district.

Mapping has also revealed likely extensions of the epithermal system both to the northeast and southwest although they are widely concealed by talus (overburden) or high-level alteration (clay and opalite). The scale of the system extends well beyond the original 22 claims which prompted the recently completed claim staking which now envelops the broad (1km), northeast-trending corridor of hydrothermal alteration and quartz veining.

Robert Johansing, VP Exploration, said, "Following several days of mapping at Tip Top, I believe the expanded land position sufficiently improves Gold79's gold target opportunity within this structural and hydrothermal corridor. The ongoing soil geochemical survey and planned rock sampling scheduled for early October should allow us to clearly define drill targets as we advance the permitting process."

To better define the emerging gold system at Tip Top, Gold79 has commenced a soil geochemical survey being conducted by Ethos Geological over the altered volcanic rocks and widespread quartz veining. This survey comprises approximately 2,350 soil samples on 100 meter spaced lines with 50 meter spaced samples. Within the central target area of the survey 25 meter spaced samples are being taken. The survey is now about 90% complete and should be fully completed in October with analytical results expected to be available in November.

Prior to drilling, Gold79 will comply with the U.S. Forest Service's guidelines for permitting a drilling program. A Nevada based firm has been contracted and the components of this application process are being assembled.

Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company's Vice President, Exploration is a qualified person (QP) as defined by NI 43-101 and has reviewed and approved the technical content of this press release. The QP has not verified the historical analytical data or the quality control or quality assurance procedures of previous operators related to drill hole intercepts from the Tip Top Gold project. The mineralized intervals reported are drilled intercepts and true widths can not be determined at this time.