Moss Mine Ongoing Expansion Drilling Program

VANCOUVER - Elevation Gold Mining Corp. reported on the ongoing multi-phase infill and resource expansion drilling program at the Moss Mine in NW Arizona. Infill and near-mine drilling at the Moss Mine is targeting the Moss and Ruth veins and associated hanging wall stockwork, along strike of and at depth below the active mining. Drilling is continuing with two rigs to extend the active pits to both the east and west. Mining in the West pit has advanced to where drilling of the Gold Bridge Zone can be reactivated. Drilling of the Gold Bridge area is targeting a continuation of the Moss vein system between the Center and West pits.

Drilling in the Gold Bridge area returned a thick zone of significant gold and silver mineralization, and drillhole AR21-515R intersected 144.78 meters grading 0.36 g/t gold and 3.22 g/t silver, including 4.57 meters grading 0.87 g/t gold and 9.77 g/t silver, and including 15.24 meters grading 0.92 g/t gold and 7.44 g/t silver.

The Moss Mine infill drilling continued to intersect significant gold and silver mineralization in the Moss vein system at depth below the active Center and East pits. Drillhole AR21-498R intersected 76.20 meters grading 0.73 g/t gold and 6.50 g/t silver, including 6.10 meters grading 3.62 g/t gold and 36.43 g/t silver. Drill hole AR21-494R (approximately 274 meters east of Site F2) intersected 109.73 meters grading 0.49 g/t gold and 6.41 g/t silver including 13.72 meters grading 1.52 g/t gold and 20.61 g/t silver, along with drill hole AR21-504R drilled at Site R, located more than 900 meters east of Site F1, intersected 15.24 meters grading 2.17 g/t gold and 35.14 g/t silver, including 4.57 meters grading 5.33 g/t gold and 102.33 g/t silver.

President, Michael G. Allen, said, "Our infill-exploration drilling at the Moss Mine continues to successfully demonstrate the presence of significant gold and silver mineralization over considerable thickness in the Moss vein system at depth along the entire strike length of the Center and East pits, as well as the continuation of the Moss vein system along strike to the east and west of these pits. We are excited to have recommenced drilling in the Gold Bridge area between the Center and West pits to explore the potential of linking the two pits. Importantly, results presented in this news release, and in those dating back to June 10, 2021, were received after the data cut-off for our recently filed technical report."