• Binding agreement to acquire Cue Metals Pty Ltd, which owns the Cue Gold Project
• Cue Gold Project located in the highly prospective Murchison Gold Province, near Westgold's Great Fingall Gold Mine
• $3 million capital raising to accelerate exploration at Cue Gold Project

E79 Gold Mines Limited (ASX: E79) has entered into a binding agreement to acquire 90% of Cue Metals Pty Ltd, which owns the rights to the Cue Gold Project located in the Murchison Province of Western Australia. The Cue Gold Project covers an area of ~70km2 within the Day Dawn Goldfield and is interpreted to host a similar geological setting to the high-grade Great Fingall Gold Mine, located immediately to the north. E79 Gold plans to apply proven exploration techniques to unlock the high-grade gold potential at the Cue Gold Project, which remains largely under-explored by modern exploration methods. The company has also accepted binding commitments for a $3 million capital raising to accelerate exploration at the Cue Gold Project, including ground gravity surveys, target generation, and first-pass drilling at priority targets. Concurrently with the acquisition, highly regarded mining executive Mr Matthew Bowles will be appointed to the E79 Gold Board as a Non-Executive Director, and respected geologist Mr Glenn Martin will be appointed as a Technical Consultant for the Cue Gold Project.

E79 Gold remains committed to pursuing discovery opportunities at its existing Mountain Home copper-gold-bismuth and Laverton South gold projects, in addition to the newly acquired Cue Gold Project.