79North Discovers Two New Gold Occurrences With Rock Chip Samples Up to 7.39 Grams Gold Per Tonne at the Nassau Project, Suriname

TORONTO, June 01, 2022 (GLOBE NEWSWIRE) -- 79North Inc. (CSE: JQ; OTCQB: SVNTF; FRA: 6120) (“79North” or the “Company”) is pleased to report that it has discovered two new gold occurrences in the Witlage area of the Nassau gold project (Exhibit 1). The newly discovered 6 occurrence is 900 metres south of the Witlage shear zone and consists of a quartz vein stockwork in argillite with samples containing up to 7.39 grams gold per tonne. The newly discovered Marinara gold occurrence is in an area where vertical hollow stem auger drill holes drilled in 2016 (by another company) contained anomalous gold. Rock chip samples contain up to 3.44 grams gold per tonne. Continued sampling of the recently discovered Ziti gold occurrence and the northwest extension of the Witlage shear zone continue to provide good results with rock chip samples containing up to 8.33 and 3.89 grams gold per tonne respectively. For context of these sample grades, the grade of the Newmont Merian Mine, 20 kilometres northeast of the Nassau concession is approximately 1.2 grams gold per tonne.