Elevate Uranium Limited ('Elevate Uranium', or the 'Company') (ASX:EL8) (OTCQX: ELVUF) advises that it has today granted two classes of unquoted options under its employee incentive scheme. 100,000 options were granted exercisable at $0.70 expiring on 28 August 2026, these options vest immediately. In addition, 300,000 options were granted exercisable at $0.70 expiring on 28 August 2026, 150,000 of these options vest 12 months from the grant date and 150,000 vest 24 months from the grant date

An Appendix 3G will follow this announcement.

Authorisation

Authorised for release by the Company Secretary.

Contact:

Shane McBride

Company Secretary

T: +61 8 6555 1816

E: shane.mcbride@elevateuranium.com.au

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