Strong Mineralization Near Reynolds Pit - Extending Significant Mineralization Zone

VANCOUVER - Elevation Gold Mining Corporation reported on reverse circulation (RC) holes that were drilled in the Reynolds Pit area and the ROM Pad Ramp area. AR23-663R in the Reynolds Pit area intersected 47.2 meters grading 0.38 g/T Au, 1.69 g/T Ag, and 60.9 meters grading 0.33 g/T Au, 1.96 g/T Ag, respectively. AR23-663R extends the newly identified mineralization zone in the Reynolds Pit area that appears to be a north dipping structure. It was collared 87 meters southeast of and on a line 63 meters east of AR23-662R, which intersected 225.6 meters of mineralization grading 0.56 g/T Au and 2.77 g/T Ag, which in-turn was collared 80.5 meters northeast of AR22-656R which intersected 110.6 meters of mineralization grading 0.50g/T Au, 1.93 g/T Ag. Results were received for AR23-661R, also in the Reynolds Pit area, which intersected 44.2 meters grading 0.35 g/T Au, 1.58 g/T Ag and 7.62 m grading 0.35 g/T Au, 1.29 g/t Ag and 7.62m grading 0.85 g/T Au and 9.04 g/T Ag.

Tim Swendseid, Chief Executive Officer, said, "The final results from our reverse circulation program that ended earlier this year have now been received, and the mineralized zone intercepted by AR23-662R has been confirmed to continue both to the east and west, by hole AR23-663R to the east, and hole AR23-656R to the west, with grades well above our operating cutoff grade of 0.31g/T Au.  This zone is located approximately ½ km from our active West Pit, in an area fully permitted for mining, and the potential for continuation even further to the east and west will be tested by additional drilling.  We anticipate the identification of these additional mineralized areas will extend the operational time period of the Moss mine.