Elevation Gold Mining Corporation reported assay results for four reverse circulation (RC) holes that were drilled in the Reynolds Pit area, including AR23-662R, which intersected 225.6 meters of nearly continuous gold mineralization with an average grade of 0.56 g/T gold, with several higher grade internal zones highlighted by 12.2 meters grading at 1.30 g/T gold. Highlights: AR23-662R, collared 80.5 meters northeast of AR22-656R, on a line 37.5 meters east of AR22-656R. AR22-656R intersected 108.2 meters grading 0.36 g/T Au and 2.94 g/T Ag.

AR23-662R intersected 225.6 meters with an average grade of 0.,56 g/T Au and2.77 g/T Ag. Assay results are pending for AR23-663R which was collared approximately 87.2 meters southeast of AR23-662R. Assay results for four RC holes drilled on two lines in the Reynolds pit area are reported in this press release.

Three of the holes were drilled to the north-northeast into the Moss vein and associated structures. All three intersected gold and silver mineralization. The fourth hole (AR23-662R) was drilled to the south-southwest into the newly identified north-dipping structures.

AR23-662R intersected 225.6 meters of nearly continuous gold and silver mineralization with an average grade of 0.56 g/T Au and 2.77 g/T Ag. AR23-662R was drilled on an azimuth of 188 degrees with a dip of -39 degrees and a total depth of 274.3 meters. It was drilled to test a series of surface quartz vein and stockworks surface outcrops displaying a northerly dip, conjugate to and beginning approximately 120 meters south of the Moss vein system.

Variable amounts of free quartz with very low pyrite content were identified and logged in the RC chips during drilling, signifying the presence of a structure hosting a low-sulfide, epithermal stockworks and vein system. Assay results have verified that AR23-662R intersected a significant gold and silver bearing system. AR23-662R is one of three RC holes across three lines drilled over an apparent strike length of approximately 104.2 meters to test the north dipping structures.

AR22-656R, which also intersected significant gold and silver mineralization, was drilled on a line approximately 37.5 meters west of AR23-662R. Results for RC hole AR22-656R were reported on March 16, 2023, highlighted by 108.2 meters grading at 0.36 g/T Au and 2.94 g/T Ag. The third hole drilled to test the north dipping structures is AR23-663R.

It was drilled on a line approximately 62.5 meters east of AR23-662R. RC chips logged from AR23-663R also display variable amounts of free quartz with very little pyrite. Assay results for AR23-663R are expected in early May.

Only approximately 1/3 of the potential strike length of the potential north dipping structures have been tested, and the untested strike length extends to both the east and west of the tested strike length.