#1= ELEVATION GOLD OCTOBER 2023 GROWING GOLD PRODUCTION IN ARIZONA A TOP TIER MINING JURISDICTION TSXV: ELVT OTCQX: EVGDF#2CAUTIONARY NOTES ELEVATION GOLD Disclaimer The information contained herein has been prepared to assist interested parties in making their own evaluation of Elevation Gold Mining Corporation ("Elevation" or the "Company") and does not purport to contain all of the information that a prospective investor or partner may desire. In all cases, interested parties should conduct their own investigation and analysis of Elevation. Neither the Company nor any of its affiliates make any representation or warranty as to the accuracy or completeness of the information presented. This includes, without limitation, any estimates or projections, and neither the Company nor its affiliates shall have any liability for any statements (expressed or implied) contained in, or for any omissions from, this presentation or any other written or oral communications transmitted to the recipient hereof in the course of its evaluation of the Company, nor should anything contained herein be relied upon as a promise, representation or warranty regarding future events or performance of the Company. Forward-Looking Statements In the interest of providing current and potential shareholders with information regarding the Company's plans and future operations, certain statements and graphics in this Presentation contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). All statements, other than statements of historical fact which address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements including, but not limited to, statements regarding the Company's plans, prospects and business strategies; amount of future production; economic potential at the Moss Mine Project; net present value; mineral resource and mineral reserve estimations; life of mine estimates; resource and reserve expansion opportunities. Forward-looking statements are based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labour; anticipated costs; ability to achieve goals; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by the Company as at the date of this Presentation in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information and undue reliance should not be placed on such forward-looking information. Such factors include, but are not limited to: risks inherent in mining, including, but not limited to risks to the environment and industrial accidents; global financial conditions and inflation; changes in the Company's share price, and volatility in the equity markets in general; volatility and fluctuations in metal and commodity prices; the threat associated with outbreaks of viruses and infectious diseases, including the COVID-19 virus; health and safety risks; exploration, development or mining results not being consistent with the Company's expectations; actual ore mined and/or metal recoveries varying from mineral resource and mineral reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; risks associated with the estimation of mineral resources and mineral reserves and the geology, grade and continuity of mineral deposits, including, but not limited to, models relating thereto; estimates of future production and operations; estimates of operating cost estimates; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; risks related to the environmental regulation and environmental impact of the Company's operations and products and management thereof; exchange rate fluctuations; funding requirements and availability of financing; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; uncertainty of meeting anticipated program milestones; and other risks and uncertainties including but not limited to those described the Company's public disclosure documents which are available on SEDAR at www.sedar.com under the Company's profile. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, there can be no assurance that forward-looking statements will prove to be accurate and forward-looking statements are not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking statements, which speak only as of the date of this Presentation. The Company disclaims any intention or obligation to update or revise forward-looking statements or to explain any material difference between such and subsequent actual events, except as required by applicable law. This Presentation does not constitute an offer to sell, or solicitation of an offer to buy, any securities by any person in any jurisdiction in which it is unlawful for such person to make such an offering or solicitation. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information set out herein, and nothing contained herein is, or shall be relied upon, as a promise or representation, whether as to the past or future. An offering of securities will only be made pursuant to formal subscription agreement. This information is not intended to provide and should not be relied upon for accounting, legal or tax advice or investment recommendations. You should consult your own advisors as to the accounting, legal, tax, regulatory, business, financial and related aspects of making an investment in the Company. Cautionary Note to U.S. Investors This investor presentation includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements adopted by the U.S. Securities and Exchange Commission (the "SEC"). The SEC sets rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this investor presentation is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards. Compliance with NI 43-101 Unless otherwise indicated the technical disclosure contained within this Presentation has been reviewed and approved by either Ron Kieckbusch, P. Geo., Consultant to Elevation Gold or by Tim J. Swendseid, Chief Executive Officer of the Company, who are both "qualified persons" for the purpose of NI 43-101. Currency Dollar amounts are United States dollars unless otherwise noted. TSXV: ELVT OTCQX: EVGDF 1#3TSXV: ELVT OTCQX: EVGDF MOSS: A COMPELLING GOLD OPPORTUNITY ELEVATION GOLD Moss is 100% owned, fully permitted and operational heap leach gold mine in a top tier mining jurisdiction • 2023 guidance of 34,000 - 36,000 gold ounces sold Led by a strengthened leadership team with decades of experience in the western U.S. Supportive cornerstone shareholders in Triple Flag Precious Metals and Greenstone Resources Significant resource and production growth potential • ● Robust pipeline of near mine exploration targets within permitted areas Recent drill hole 662 Best ever drill hole, supported with sections both east and west, and open beyond • District scale potential within a large, under-explored land package situated along the Walker Lane Gold Trend il Attractive valuation with significant leverage to the gold price 2#4ELEVATION GOLD TOP TIER MINING JURISDICTIONS mi WILD 440 ## 88 FRASER INSTITUTE 100% owned Moss gold property covers 165 km² in the Oatman district located in Mohave County in northwestern Arizona ✓ Excellent infrastructure and easily accessible with paved highways and gravel roads ✓ Established logistics and supply chain NEVADA Assets located on the prolific WALKER LANE GOLD TREND Reno Laughlin, NV ✓ Connected to regional electrical grid. ✓ 100% water requirement secured Bullhead City, AZ Ft Moss Mine Skilled workforce, key technical and operating personnel already employed ✓ Year-round exploration Arizona (#7) and Nevada (#1) both ranked in the top 10 for investment attractiveness (Fraser Institute, 2022) Colorado River N kilometers HERCULES Walker Lane Gold Trend TSXV: ELVT OTCQX: EVGDF Las Vegas ARIZONA Legend Moss claim boundary Third party patented claims Wilderness area boundary 3#5TSXV: ELVT OTCQX: EVGDF CAPITALIZATION & SHAREHOLDERS Snapshot Share and market data as of March 31, 2022 Shareholder Summary TSXV: ELVT Listings OTCQX: EVGDF Basic Shares Outstanding 110.6M Options 5.7M Warrants (1) 51.8M 76% Basic Market Capitalization $17M Current Cash on Hand $5.5M Convertible Debenture (2) Revolving Credit Facility (3) Analyst Coverage $5.0M $17.5M Stifel - Alex Terentiew 16% 7% 2% ELEVATION Greenstone Resources Triple Flag Precious Metals Management & Directors Institutional / Retail / Other GOLD Longstanding Supportive Cornerstone Shareholders TE TRIPLEFLAG PRECIOUS METALS GREENSTONE RESOURCES (1) 2.48M warrants at C$0.53 exercise price expiring in March 2024 plus 49.3M warrants at C$0.70 exercise price expiring in March 2027 (2) C$6.7M debenture maturing in 2025, 5% interest rate, convertible at C$2.40 (3) Matures in 2025 Both Maverix Metals (now a subsidiary of Triple Flag Precious Metals) and Greenstone Resources have provided a combined total of over $65 million in capital to Elevation in support of the construction and ramp up of the Moss mine since 2018 • Triple Flag has the right to purchase 100% of the silver produced from the Moss mine 4#6TSXV: ELVT OTCQX: EVGDF STRENGTHENED LEADERSHIP TEAM FOCUSED ON OPERATIONAL EXECUTION ELEVATION GOLD Tim Swendseid CEO & Director 35+ years of worldwide experience in operating, technical and financial aspects of mining projects. Previously COO of Boroo Mining Company, SVP Operations & Technical at CMOC International, GM at the Mulatos Mine at Alamos Gold, and various management & technical roles at Phelps Dodge Corp. Tim holds a B.S. in Mining Engineering from Montana Tech, an MBA from the University of Arizona and is a CFA Charterholder. William Dean CFO 30+ years of international experience and previously served as the CFO for Ensign Minerals, Lydian International and for Nevada Iron. He has also held senior financial positions at Sierra Gorda SCM, Alacer Gold and Meridian Gold. He holds a Bachelor of Science Degree in Accounting from the University of Utah and an MBA from the University of Colorado. James Fowler General Manager, Moss Mine 35+ years of international mining experience. Jim has previously served as Managing Director at three different CMOC operations, Vice President of North American Operations for Kinross Gold, and held various leadership positions with Freeport McMoRan and Phelps Dodge. He holds a B.S. in Geology from California State University Sacramento. Justine de Boom VP, Human Resources 30+ years of worldwide experience in human resources and safety management in mining projects. Prior senior management positions at Curtain Bros Group and FMR Investments. She holds Bachelor of Science in Human Resources Management and memberships in Women in Mining (Arizona Chapter) and the Society for Human Resource Management. Directors and Advisors Doug Hurst (Chairman) 30+ years of experience in the mining industry as geologist, consultant, mining analyst, and senior executive. He was a founding executive of International Royalty Corporation which was acquired by Royal Gold for $700M and a founder of Newmarket Gold, which was sold to Kirkland Lake Gold in 2016 for $1B. Mr. Hurst currently serves as a director at Calibre Mining and Newcore Gold. Raymond Threlkeld (Director) 30+ years in mineral exploration, mine operations and construction and executive management including Newmarket Gold, Rainy River, Barrick, and New Gold. David Peat (Director) 30+ years of experience in financial leadership in support of mining corporations including Newmont, Homestake Mining, and Frontera Copper. Geoff Burns (Director) 35+ years experience in the mining industry, including extensive experience throughout North and South America in project development and mine operations. He was previously the CEO of Pan American Silver from 2003 to 2015 and the founding Chairman of Maverix Metals which was acquired by Triple Flag Precious Metals in 2023. Michael Haworth (Director) Senior Partner at Greenstone Resources L.P., a private equity fund he co-founded in 2013 that specializes in the mining and metals sector. Ron Kieckbush (Exploration Advisor) 40+ years experience in exploration, predominantly in the western US, with extensive experience in epithermal gold deposits. Rich Histed (Exploration Advisor) 40+ years in exploration across South America, western US, Australia and Europe, including 15 years with Homestake Mining as an exploration geologist at the Lead, Creede and McLaughlin mines. 5#7TSXV: ELVT OTCQX: EVGDF OPERATING RESULTS 2022 A YEAR OF TRANSITION ELEVATION GOLD Several key changes were implemented throughout 2022 to address operational challenges which generated improved mine output in the second half of 2022 2022 Ore tonnes stacked (t) Gold grade (g/t) Gold production (oz) Gold sold (oz) Average realized gold price ($/oz) Q1 2023 Q4 2022 698,351 738,478 2,976,281 0.43 0.53 0.45 7,889 9,183 31,094 8,078 9,060 31,666 $1,906 $1.732 $1,786 $1,407 $1,604 $1,660 $1,842 $1,803 $2,115 Cash costs per ounce sold ($/oz) AISC per gold ounce sold ($/oz) Revenue ($M) $17.0 $17.1 $62.0 Mine operating income before depreciation & depletion ($M) $4.0 $2.7 $2.4 Depreciation and depletion ($M) ($3.4) ($4.5) ($10.3) Gain (loss) on revaluation of derivative liabilities ($M) ($1.6) ($5.2) $8.1 Income (loss) for the period ($M) ($3.6) ($9.3) ($43.6)¹ (1) Includes $33.9M impairment of mineral properties CO 6#8TSXV: ELV LVT - OTCQX: EVGDF RECENT KEY CHANGES & EVENTS OPERATIONS STEADILY IMPROVING New CEO and leadership team appointed with extensive operating experience New mining contractor in place (Ledcor Q4 2022) Stabilized workforce by significantly reducing staff turnover (only 8% in 2023 year-to-date) Completed updated NI 43-101 Technical Report (October 2021) Completed construction of two production wells in 2022 Completed construction of Leach Pad 3A Phase 1 in 2021 and Leach Pad 2C in 2022 Completed 30 diamond/core holes totaling nearly 7,000m and 216 RC holes totaling over 52,000m in 2021 and 2022 Moss Gold Production (oz) 12,000 9,000 6,000 3,000 0 ELEVATION Q1 2022 Q2 2022 Q3 2022 Q4 2022 Moss Mining Cost ($/tonne) Q1 2023 CONTRACTOR RAMP-UP NEW MINING GOLD $5.00 $4.50 $4.00 $3.50 $3.00 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 7#9TSXV: ELVT ▪OTCQX: EVGDF CURRENT EXPLORATION PROGRAM UNLOCKING POTENTIAL WITHIN A LARGE, UNDER-EXPLORED LAND PACKAGE N Near-Mine Drilling Moss Mine Moss Property ARIZONA SE 000 ELEVATION GOLD • Plentiful high-potential exploration targets within the 165 km² land package • Near mine drilling exposing expansion potential material Additional greenfields drilling southeast of the Moss mine exposing porphyry target potential Bullhead City (-8 km) Moss Vein System kilometers Greenfields Drilling OF WEST RUBLED SILAUD & NEEDby con Artus De Legend Moss Claim Boundary Third Party Patented Claims Northern Vertex Patented Claims Surface Rock Chip/Channel Samples Faults/Fractures Epithermal Veins 8#10TSXV: ELVT OTCQX: EVGDF • REYNOLDS PIT NEAR MINE PIT EXTENSION TARGETS 3 HIGH PRIORITY TARGETS ALL WITHIN PERMITTED AREAS . 22 RC holes totaling 4,906m have been completed into 3 different near-mine priority targets, all within permitted areas Reynolds Pit • Reynolds Pit • Mordor ROM Pad Ramp Assay results for 20 RC holes have been received, all of which intersected significant zones of gold mineralization AR23-662R 225.55 @ 0.56 g/t Au, 2.77 g/t Ag • AR22-648R incl. 7.62m @ 1.08 g/t Au, 4.92 g/t Ag incl. 12.19m @ 1.30 g/t Au, 4.31 g/t Ag 92.96m @ 0.46 g/t Au, 1.76 g/t Ag AR22-654R incl. 16.76m @ 1.32 g/t Au, 3.68 g/t Ag 100.58m @ 0.50 g/t Au, 1.93 g/t Ag • • AR22-656R incl. 4.57m @2.23 g/t Au, 5.73 g/t Ag incl. 6.10m @ 1.09 g/t Au, 2.85 g/t Ag 108.20m @ 0.36 g/t Au, 2.94 g/t Ag • . incl. 10.67m @ 0.92 g/t Au, 4.01 g/t Ag incl. 6.10m @ 0.82 g/t Au, 9.73 g/t Ag incl. 3.05m @ 0.92 g/t Au, 10.10 g/t Ag MORDOR West Pit Mordor Center 2A Leach Pad AR22-642R 7.62m @ 0.69 g/t Au, 0.46 g/t Ag 3.05m @ 0.38 g/t Au, 1.50 g/t Ag 19.81m @ 0.38 g/t Au, 0.89 g/t Ag AR22-643R 7.62m @ 0.56 g/t Au, 0.76 g/t Ag 6.10m@ 0.88 g/t Au, 3.38 g/t Ag 54.86m @ 0.38 g/t Au, 0.75 g/t Ag • • incl. 7.62m @ 0.62 g/t Au, 1.52 g/t Ag incl. 4.57m @ 1.15 g/t Au, 1.07 g/t Ag ROM Pad Ramp ROM PAD RAMP Waste Rock East Pit ELEVATION GOLD Legend Approximate Moss Vein Surface Trend Prior to Mine Development Moss Patented Claims Boundary Permitted Mine Development AR22-641R 53.34m @ 0.49 g/t Au, 4.24 g/t Ag AR22-640R • incl. 12.19m @ 0.88 g/t Au, 9.01 g/t Ag 48.77m @ 0.63 g/t Au, 3.79 g/t Ag incl. 16.76m @ 1.18 g/t Au, 7.26 g/t Ag 9#11TSXV: ELVT OTCQX: EVGDF REYNOLDS PIT SIGNIFICANT RESOURCE EXPANSION POTENTIAL S Cross Section: Reynolds Pit/Mid-West Extension Looking West 2100 D -1800 +1500 • 30 meter section width AR23-662R 24.38-249.94m, 225.55m grading 0.56 g/T Au, 2.77 g/T Ag Including 111.25-118.87m, 7.62m grading 1.08 g/T Au, 4.92 g/T Ag N • Moss Vein D' AR23-660R 12.19-70.10m, 57.91m grading 0.34 g/T Au, 1.17 g/T Ag + Including 25.91-33.53m, 7.62m grading 0.60 g/T Au, 1.10 g/T Ag AR23-661R • 12.19-56.39m, 44.20m grading 0.35 g/T Au, 1.58 g/T Ag +2100 1600 ELEVATION GOLD Fully permitted area west of the current mining area • Similar substantial . intersections in sections to the east and west, and open to both sides Average grade of 225.5m intercept in hole AR23-662R is 24% higher than reserve grade (1) Legend Topography North-dipping vein and stockwork structure Including 42.67-56.39 m, 13.7 m grading 0.46g/T Au, 2.69 g/T Ag 123.44-131.06m, 7.62 m grading 0.35 g/T Au, 1.29 g/T Ag Au (g/t) >3.00 188.98-196.60m, 7.62m grading 0.85 g/T Au, 9.04 g/T Ag 2.00 -3.00 Elevation in Feet Including 182.88-195.07m, 12.19m grading 1.30 g/T Au, 4.32 g/T Ag Host Rock: Tps/Tpsb 91 meters Drillhole grades 20.15 g/t Au shown (1) See Elevation April 26, 2023, news release titled "Elevation Gold Intersects 225.6-Meter Zone with Average Grade of 0.56 g/t Gold in the Reynolds Pit Area" and May 24, 2023, news release titled "Elevation Gold Intersects Strong Mineralization Near Reynolds Pit, Extending Significant Mineralization Zone to the East" 1.00 2.00 0.50-1.00 0.30-0.50 0.15-0.30 0.002 -0.15 10#12TSXV: ELVT OTCQX: EVGDF REYNOLDS PIT FURTHER POTENTIAL IN UNTESTED AREAS Potential Area and Strike Length of North-Dipping Structures 1495000 N AR23-658R +487500 AR23-660R TD AR23-663R AR23-662R AR22-656R 149250G N 1432000 N Host Rock: Tps/Tpsb AR23-659R Reynolds Pit Untested Tested Untested 487500 E До 305 meters +488530 E -489000 E -489500 T -49000 Host Rock; Tmz 13000 N +1412583 N 73 West Pit Legend IN 48500E ELEVATION GOLD +1412000 N 49300 " Tested area and strike- length Untested area and strike-length Approximate Moss Vein Surface Trend Prior to Mine Development Approximate Fault trace Reverse Circulation Drill Collar Peach Springs Tuff (Tps/Tpsb) Moss Monzonite (Tmz) North dipping vein and stockworks structures 11#13TSXV: ELVT OTCQX: EVGDF MOSS GROWTH PLAN HIGH RETURN ON INVESTMENT POTENTIAL WITH LOW EXECUTION RISK ELEVATION GOLD Phase 1 Conduct additional drilling in Reynolds Pit and Mordor areas Goal to add additional tons of ore in western area which could potentially lead to: • • More contained gold added to mine plan Throughput expansion • Higher production at lower operating costs Capex spend to be staged over multiple years Phase 2 • Further delineate resource potential at ROM Pad Ramp (Center Pit) with a goal to add further additional tons of ore to the mine plan Significant production expansion potential Capex could be funded from organic cash flow Risk Mitigation ✓ Infrastructure already in place ✓ Skilled workforce with key technical and operating personnel already employed ✓ Connected to regional electrical grid ✓ 100% water requirement secured ✓ Proven process, efficient leach kinetics well understood ✓ Established logistics and supply chain ✓ All activities remain within permitted boundary through to 2030 • Requires different crusher location 12#14TSXV: ELVT OTCQX: EVGDF ADDITIONAL NEAR MINE TARGETS ROBUST PIPELINE THROUGHOUT THE PROPERTY W A Poorly Drilled to West Shows -1,600 meters Expansion Potential Reserves and Resources Defined over 1,500 meters 2 ELEVATION GOLD Largely Undrilled to East -3,100 meters Moss East Extension Moss West Extension Black Fin 6.28 g/t Au 1.6 git Ag 9.44 g/t Au 28.7 g/t Ag 8.23 g/t Au 39.1 g/t Ag 11.73 g/t Au 6.81 g/t Au 212.0 g/t Ag 9.00 g/t Au West Pit Center Pit East Pit 2.01 g/t Au 125.0 g/t Au 45.0 g/t Ag 3.82 git Au 4.8 g/t Ag 1.69 g/t Au 1.1 git Ag 0.42 g/t Au 4.2 git Ag 27.9 g/t Ag 1.09 g/t Au 2.90 g/t Au Open Open WO91-07 (historic) -116 m @0.45 g/t Au AR-214C 30.48 m @ 0.48 g/t Au, 2.5 g/t Ag Open Open AR21-522R 65.53 m @ 0.94 g/t Au, 18.7 g/t Ag WO89-05 (historic) WO91-03 (historic) AR20-315R AR21-479R -29 m @ 0.41 g/t Au -56 m @ 0.42 g/t Au 109.73 m @ 0.79 g/t Au, 24.1 g/t Ag 83.82 m @ 0.44 g/t Au, 4.7 g/t Ag AR20-377R AR21-458R Au (g/t) >3.00 2.00-3.00 1.00-2.00 0.50 1.00 0.30-0.50 0.15-0.30 0.002-0.15 7.62 m @ 0.59 g/t Au, 3.0 g/t Ag 25.91 m @ 1.01 g/t Au, 2.6 g/t Ag 38.10 m @ 1.43 g/t Au, 19.2 g/t Ag Multiple additional parallel and accessory veins throughout the ~165 km² land package Notes: Topographic surface as of November 14, 2021; Drilling as of December 1, 2021 news release; Viewing window approximately 1,800 ft wide Mineral Reserve and Mineral Resource outlines are approximate and are based on the October 8, 2021 NI 43-101 Technical Report on the Moss Mine prepared by IMC Inc. and filed on www.sedar.com B E 0.71 g/t Au 3.4 g/t Ag D Open Surface Rock Chip Sample Base of Mining Operations as of 14 November 2021 Mineral Reserves (1 July 2021) Mineral Resource (1 July 2021) -500 meters Drillhole grades Au 20.15 g/t Au shown 13#15ELEVATION GOLD FLORENCE HILL PROSPECTIVE EXPLORATION AREA 4 KM SOUTHEAST OF MOSS . 5 diamond core holes totaling 3,141m have been drilled on greenfields targets in the Florence Hill, Grapevine and McCullough Patents areas • Core samples have been shipped to independent laboratories with assay and geochemical results expected in Q2 2023 • • Encountered porphyry-style alteration Increasing and strong alteration intensity with downhole depth Multiple geomagnetic and radiometric anomolies Moss Mine McCullough Patented Claims Ivanhoe Patented Claims km GV22-001 HV22-001 FH23-003 055 FH22-001 FH22-002 TSXV: ELVT OTCQX: EVGDF Legend Elevation Gold Claims Elevation Gold Patented Claims Florence Hill Exploration Area Grapevine Exploration Area Quartz Vein Structural Interpretation Completed Diamond Core Drillhole with trace 14#16TSXV: ELVT OTCQX: EVGDF REGIONAL EXPLORATION DISTRICT SCALE POTENTIAL IN THE HISTORIC OATMAN DISTRICT . Plentiful high-potential exploration targets that have yet to be drilled within the 165 km² land package Loughlin, NV • Over 2 Moz of gold previously produced. in the Oatman district Bullhead City, AZ • • • Elevation has performed an airborne geophysical survey at 50m and 100m line spacing Includes magnetic and radiometric surveys Interpretation of the data has yielded numerous geophysical anomalies 450,000 Colorado River kilometers Moss Mine Mt Nutt Wilderness Warm Springs Wilderness ELEVATION GOLD N Historic Oatman District (+2 Moz Au UG High Grade) 1,450,000 Moss claim boundary Third party patented claims Wilderness area boundary O Gold, gold-silver showings, mines ☐ Silver-gold showings, mines Silver showings, mines Structural interpretation Faults/Fractures Epithermal Veins Golf Sextown Sagorizon Cathy Congraphica Site Abrasive prospects, mines 1,500,000 15#17TSXV: ELVT OTCQX: EVGDF ELEVATION: COMPELLING VALUATION Junior Gold Producers & Developers in Western USA $500M Market Cap. / Transaction Value $400M $300M $200M Elevation is currently valued significantly below peers $100M Market Cap: $17M ELEVATION GOLD Operating 2022 Production: 31.1 koz Au Market Cap: $42M W West Vault Mining Inc. Development SOLD in 2022 for $150M Market Cap: $172M SOLD in 2022 for $188M FIORE GOLD Operating 2022 Production: 41.5 koz Au FORTITUDE Operating 2022 Production: 41.2 koz Au Note: Production figures from publicly disclosed operating reports; market capitalizations as of March 31, 2023 GSV Development SOLD in 2022 for $206.5M GEMFIELD RESOURCES Development ELEVATION GOLD SOLD in 2022 for $450M Corvus Development 16#18284,000 11.5 km Sprite 88,000 H20006: 22.86 m @ 0.32 g/t Au, 1.93 g/t Ag H20003: 13.72 m @ 0.40 g/t Au, 6.01 g/t Ag Lucky Rusty Rattlesnakes Loaves HERCULES: FUTURE OPPORTUNITY DISTRICT-SCALE EXPLORATION POTENTIAL DAYTON 4,346 00 . 100% owned, district-scale land package covering approximately 100 km² on the Walker Lane Gold Trend in Nevada Located 40 km southeast from Reno with established infrastructure Powerlines run through the property TSXV: ELVT OTCQX: EVGDF . Water access Northeast Hercules Cliffs 4,344,000 H20009: 74.68 m @ 0.54 g/t Au, 4.80 g/t Ag H20028: 12.19 m @ 0.87 g/t Au, 3.49 g/t Ag H20040: 39.62 m @ 1.12 g/t Au, 5.38 g/t Ag (Ending in 0.52 g/t Au) Sirens Geological similarities to nearby Comstock Lode, which produced over 8.2 Moz of gold and 192 Moz of silver 40 holes drilled over 10,500 meters by Eclipse Gold prior to merger 45+ untested geophysical targets with similar signature to known mineralization 4,340,000 4.336,000 Note: For more information, please refer to the Hercules page on Elevation Gold's website at www.elevationgold.com; and see the Elevation news releases dated March 22, 2021, titled "Northern Vertex Intersects 30.48 Meters of 1.63 g/t Gold and 18.27 g/t Silver from Surface and 39.62 Meters of 1.12 g/t Gold and 5.38 g/t Silver at Hercules Gold Project, Nevada" and the April 20, 2021 news release titled "Northern Vertex Identifies 45 New Targets for Exploration at Hercules Gold Project, Nevada" BR08-12: 25.91 m @ 0.68 g/t Au (Ending in 0.91 g/t Au) Como Comets kilometers Pony Meadows H20002: 45.72 m @ 0.33 g/t Au 1.87 g/t Ag H20010: 89.92 m @ 0.65 g/t Au, 12.51 g/t Ag H20012: 59.44 m @ 0.59 g/t Au, 6.74 g/t Ag H20026: 28.96 m @ 0.63 g/t Au, 8.19 g/t Ag H20029: 30.48 m @ 0.44 g/t Au, 4.31 g/t Ag H20031: 30.48 m @ 1.63 g/t Au, 18.27 g/t Ag H20037: 18.29 m @ 1.80 g/t Au, 16.94 g/t Ag and: 13.72 m @ 0.79 g/t Au, 8.67 g/t Ag H20038: 18.29 m @ 1.12 g/t Au, 8.51 g/t Ag and: 7.62 m @ 1.12 g/t Au, 30.06 g/t Ag and: 30.48 m @ 0.59 g/t Au, 6.62 g/t Ag BR08-06:38.10 m @ 0.64 g/t Au (Ending in 0.85 g/t Au) 288.000 Dting N 14.5 km Claim Outline Target Areas Phase II 2020 Drilling Phase I 2020 Drilling Historic Drilling NEVADA Hercules * Project UTM NAD83 Zone 11 * 2721 Nament Forgot Pal Arara Ours groogkattston The 53#19TSXV: ELVT OTCQX: EVGDF MOSS: RESPONSIBLE MINING COMMITMENT TO SAFETY, ENVIRONMENT & SOCIAL STEWARDSHIP ELEVATION GOLD • 食食 M • • • • Moss operation connected to grid power Moss generators remain onsite and can be activated in times of extreme power need to feed back into the grid, providing a critical backup to the local community New production water wells capable of providing 100% of the site water needs Support for local community projects including Colorado River Wetlands Restoration & Educational Sponsorships Regular community involvement including support for a local tradesman school, trash pickup along city/country road, various methods in support of disabled children in the community Sponsored by GOLDEN VERTEX CORP. Students in the welding shop at the Academy of Building Industries High School 18#20TSXV: ELVT OTCQX: EVGDF PATH FORWARD ELEVATION GOLD • Continuous operational improvement throughout the year • 2023 guidance of 34,000 - 36,000 gold ounces sold . Receive remaining assays for near-Moss and greenfields drilling • Commence additional drill program focusing on Reynolds Pit and Mordor area to enhance 2024 mining plans • Continue constructing additional leach pads in permitted areas including Pad 3a-Ph2 in H2 2023 • Complete basic engineering for crusher and new heap leach pad by Q3 2024 to expand footprint of facilities . Apply for EIA by the end of 2024 19#21TSXV: ELVT OTCQX: EVGDF INVESTMENT HIGHLIGHTS ELEVATION GOLD Moss is a scarce asset ✓ Fully permitted and operational gold mine in a top tier mining jurisdiction ✓ No exposure to inflationary pressure on large development capital costs & possible permitting delays Connected to regional power grid with all water sourced from wells located on property Low Risk Production Growth Potential ✓ Robust pipeline of near mine targets to expand production including the highly prospective Reynolds Pit ✓ Low development risk with priority targets in permitted areas with significant infrastructure already in place ✓ Strengthened leadership team with extensive experience to deliver operating excellence Significant Additional Upside Potential ✓ Further expansion and district scale exploration potential within a large and under-explored land package ✓ Hercules exploration property offers future additional opportunity ✓ Attractive valuation with meaningful leverage to the gold price 20#22TSXV: ELVT OTCQX: EVGDF CONTACT US WEBSITE EMAIL elevationgold.com [email protected] 21 ELEVATION GOLD#23TSXV: ELVT OTCQX: EVGDF MOSS: RESERVES & RESOURCES Mineral Reserves (1) (Effective July 1, 2021) Ore Gold Silver Contained Gold Classification (ktonnes) (g/t) (g/t) (000s oz) Proven 4,611 0.46 5.8 68.1 Probable 8,133 0.44 5.1 116.4 1,342.0 Proven + Probable 12,744 0.45 5.4 184.5 2,200.8 Mineral Resources (1) (Effective July 1, 2021) ELEVATION GOLD Contained Silver (000s oz) 858.8 Notes: Metal Prices used for Mineral Reserves: $1,525/oz gold; $18.50/oz silver. Reserves are tabulated at a 0.21 g/t gold cutoff grade. The topography date used for tabulating the Mineral Reserve is 1 July 2021 Metric tonnages and grades are reported: ktonnes are 1,000 metric tonnes; g/t is grams per metric tonne. The Mineral Reserve estimate was prepared by Jacob Richey, of Independent Mining Consultants Inc. Numbers may not tally exactly due to rounding. The Mineral Reserve estimate was prepared in accordance with CIM Definition Standards. For more information, please see the technical report titled "Technical Report on the Mineral Resource, Mineral Reserve, and Mine Plan for the Moss Mine" with an effective date of July 1, 2021, available on Elevation's website and on www.sedar.com. Cut-off Grade Tonnage Gold Silver Contained Gold Classification (g/t Au) (ktonnes) (g/t) (g/t) (000s oz) Contained Silver (000s oz) Measured 0.15 8,398 0.40 5.1 107.4 1,389.0 Indicated 0.15 30,460 0.39 4.5 382.8 4,365.0 Measured + Indicated 0.15 38,857 0.39 4.6 490.2 5,754.0 Inferred 0.15 6,562 0.35 4.5 73.8 940.0 Notes: The Mineral Resource is inclusive of the Mineral Reserve. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Mineral Resource was prepared in accordance with CIM Definition Standards. Metal prices used for the Mineral Resource: $1,800/oz gold and $22.00/oz silver. Numbers may not tally exactly due to rounding. Metric tonnages and grades are reported: ktonnes are 1,000 metric tonnes; g/t is grams per metric tonne. The Mineral Resource estimate was prepared by Jacob Richey of Independent Mining Consultants Inc. For more information, please see the technical report titled "Technical Report on the Mineral Resource, Mineral Reserve, and Mine Plan for the Moss Mine" with an effective date of July 1, 2021, available on Elevation's website and on www.sedar.com. 22#24TSXV: ELV LVT - OTCQX EVGDF REYNOLDS PIT AND MORDOR AREA SIGNIFICANT ZONES OF GOLD MINERALIZATION +487 A' B' TTTT PT +489000 E +490500 E +492000 E Map of Section Lines +493500 E Cross Sections through Mordor/West Pit Extension and Reynolds Pit/Mid-West Extension G' T +1492500 M A Reynolds Pit RP7 Reynolds Pit RP6 eynolds Pit R Reynolds Pit RP3 & Reynolds Д Pit +1491000 N +1489500 N Mordor MW Drillhole grades 20.15 g/t Au shown +487500 E Д Center Pit +489000 E +490500 E +492000 E +493500 E 457.2m +1492500 N 149 1000 N 9500 N N Au (g/t) >3.00 2.00-3.00 1.00 -2.00 0.50 1.00 0.30-0.50 0.15-0.30 ELEVATION GOLD 0.002 -0.15 23#25TSXV: ELVT OTCQX: EVGDF +1500 REYNOLDS PIT & MID-WEST EXTENSION S +2000 A WO91-10 Elevation in Feet وبير W091-09 AR23-659R, 010/-62, 243.8m AR20-253R, RP6, 000/-90, 121.9m 15.2-81.0m, 45.7m @ 0.323 g/T Au 68.6-73.2m, 7.6m @ 0.442 g/T Au 94.5-97.5m, 3.0m @ 1.182 g/T Au 114.3-118.9m, 4.6m @ 0.539 g/T Au N A' WO91-07 " Cross Section RP7 Cross Section: Reynolds Pit/Mid-West Extension Looking West • 30.5m section width " Previously only historic drilling existed Potential to expand mining more than 500 meters to the west +2000 • AR22-657R, RP6, 010/-45, 182.9m 18.3-123.4m, 105.2m @ 0.341 g/T Au Incl 100.6-108.2m, 7.6m @ 0.769 g/T Au AR23-658R, 010/-65, 182.9m • 21.3-115.8m, 94.5m @ 0.330 g/T Au 146.3-152.4m, 6.1m @ 0.340 g/T Au 175.3-182.9m, 7.6m @ 0.534 g/T Au Host Rock: Tps/Tpsb Drillhole grades ≥0.15 g/T Au shown Topography Moss Vein Historic Reynolds Metals Hole, drilled in the 1990's Au (g/t) >3.00 2.00-3.00 1.00 -2.00 0.50-1.00 0.30-0.50 • 50.3-65.5m, 15.2m @ 0.307 g/T Au W091-08 152.4m 0.15-0.30 0.002 0.15 Note: For more information, see Elevation news release dated March 16, 2023, titled "Elevation Gold Intersects 100.58-Meter-Thick Zone with Average Grade of 0.50 g/t Gold in the Reynolds Pit Area West of Active Mining and Provides Update on Greenfields Core Drilling Program" and the April 26, 2023 news release titled "Elevation Gold Intersects 225.6-Meter Zone with Average Grade of 0.56 g/t Gold in the Reynolds Pit Area" ELEVATION GOLD 24#26TSXV: ELVT OTCQX: EVGDF REYNOLDS PIT & MID-WEST EXTENSION S +2000 B +1500 WO91-06 AR22-650R, RP6, 010/-57, 243.8m 65.5-166.1m, 100.6m @ 0.274 g/T Au Incl 102.1-109.7m, 7.6m @ 0.558 g/T Au Incl 135.6-147.8m, 12.2m @ 0.501 g/T Au Drillhole grades ≥0.15 g/T Au shown Elevation in Feet Host Rock: Tps/Tpsb AR23-649R, RP6, 010/-45, 228.6m 47.2-51.8m, 4.6m @ 0.423 g/T Au 76.2-102.1m, 25.9m @ 0.431 g/T Au 138.7-157.0m, 18.3m @ 0.299 g/T Au N Cross Section: RP6 B' Cross Section: Reynolds Pit/Mid-West Extension " • Looking West 30.5m section width Previously only historic drilling existed Potential to expand mining more than 500 meters to the west AR23-647R, RP6, 010/-45, 182.9 +2000 3.0-104.6m, 100.6m @ 0.398 g/T Au • ELEVATION Topography Moss Vein Historic Reynolds Metals Hole, drilled in the 1990's Au (g/t) >3.00 +1500 2.00 3.00 1.00-2.00 AR23-648R, RP6, 010/-56, 213.4m 0.50-1.00 33.5-126.6m, 93.0m @ 0.462 g/T Au Incl 100.6-117.4m, 16.8m @ 1.319 g/T Au 0.30-0.50 0.15-0.30 0.002 -0.15 152.4m Note: For more information, see Elevation news release dated March 16, 2023, titled "Elevation Gold Intersects 100.58-Meter-Thick Zone with Average Grade of 0.50 g/t Gold in the Reynolds Pit Area West of Active Mining and Provides Update on Greenfields Core Drilling Program" GOLD 25#27TSXV: ELVT OTCQX: EVGDF REYNOLDS PIT & MID-WEST EXTENSION +2000 C +1500 AR22-656R, 190/-45, 213.4m " • 44.2-47.2m, 3.1m @ 0.740 g/T Au 68.6-70.1m, 1.5m @ 1.872 g/T Au • 97.5-205.7m, 108.2m @ 0.360 g/T Au • • Incl 128.0-138.7m, 10.7m @ 0.916 g/T Au Incl 153.9-160.0m, 6.1m @ 0.824 g/T Au Incl 175.3-178.3m, 3.1m @ 0.919 g/T Au AR22-655R, 190/-45, 213.4m WO91-05 N Cross Section RP5 C' AR22-651R, 010/-45, 152.4m Cross Section: Reynolds Pit/Mid-West Extension • 9.1-54.9m, 45.7m @ 0.375 g/T Au 80.8-100.6m, 19.8m @ 0.365 g/T Au • Looking West 30.5m section width Previously only historic drilling existed Potential to expand mining more than 500 meters to the west AR22-652R, 010/-65, 182.9m 18.3-42.7m, 24.4m @ 0.305 g/T Au 94.5-135.6m, 41.2m @ 0.310 g/T Au • 170.7-172.2m, 1.5m @ 0.657 g/T Au 176.8-179.8m, 3.1m @ 0.326 g/T Au Legend Topography Moss Vein North-dipping vein and stockwork structure AR22-653R, 010/-45, 243.8m • " 44.2-102.1m, 57.9m @ 0.424 g/T Au 126.5-137.2m, 10.7m @ 0.339 g/T Au 153.9-157.0m, 3.1m @ 0.337 g/T Au 187.5-192.0m, 4.6m @ 0.365 g/T Au Au (g/t) >3.00 2.00 3.00 1.00 -2.00 15.2-18.3m, 3.1m @ 0.381 g/T Au " AR22-654R, 010/-60, 274.3m " " 32.0-45.7m, 13.7m @ 1.102 g/T Au 83.8-128.0m, 44.2m @ 0.338 g/T Au Incl 33.5-36.6m, 3.1m @ 3.655 g/T Au • " " Incl 106.7-128.0m, 21.3m @ 0.433 g/T Au 173-7-187.5m, 13.7m @ 0.308 g/T Au Elevation in Feet 50.3-150.9m, 100.6m @ 0.498 g/T Au • Incl 82.3-86.9m, 4.6m @ 2.228 g/T Au Incl 102.1-108.2m, 6.1m @ 1.090 g/T Au Host Rock: Tps/Tpsb 0.50-1.00 Drillhole grades 20.15 g/t Au shown 0.30-0.50 0.15-0.30 0.002 -0.15 152.4m Note: For more information, see Elevation news release dated March 16, 2023, titled "Elevation Gold Intersects 100.58-Meter-Thick Zone with Average Grade of 0.50 g/t Gold in the Reynolds Pit Area West of Active Mining and Provides Update on Greenfields Core Drilling Program" ELEVATION GOLD 26#28EVGDF TSXV: ELVT OT OTCQX: REYNOLDS PIT & MID-WEST EXTENSION S E +1500 +1800 Elevation in Feet -2100 W091-03 " Historic Reynolds Metals RC hole Moss Vein N Cross Section: RP3 E' +1800 +2100 ELEVATION Cross Section: Reynolds Pit / Mid-West Extension . • Looking West 30 meter section width Legend Topography North-dipping vein and stockwork structure AR23-663R " + 41.2-88.4m, 47.2m grading 0.38 g/T Au, 1.69 g/T Ag " Incl 50-3-62.8m, 12.2m @ 0.64 g/T Au, 2.89 g/T Ag Incl 83.3-88.4m, 4.6m @ 0.64 g/T Au, 2.57 g/T Ag 135.6-196.6m, 61.6m @ 0.33 g/T Au, 1.96 g/T Ag Incl 135.6-147.8m, 12.2m @ 0.54 g/T Au, 2.41 g/T Ag Incl 166.1-172.2m, 6.1m @ 0.54 g/T Au, 4.63 g/T Ag Au (g/t) >3.00 2.00-3.00 1.00 -2.00 0.50 1.00 +1500 Host Rock: Tps/Tpsb 152 meters Drillhole grades ≥0.15 g/t Au shown 0.30-0.50 0.15-0.30 0.002 -0.15 Note: For more information, see Elevation news release dated May 24, 2023, titled "Elevation Gold Intersects Strong Mineralization Near Reynolds Pit, Extending Significant Mineralization Zone to the East" GOLD 27#29TSXV: ELVT OTCQX: EVGDF MORDOR/WEST EXTENSION +1500 S +2500 F AR22-646R, 190/-45, 152.4m 1.5-3.0m, 3.0m @ 0.399 g/T Au 22.9-29.1m, 6.1m @ 0.279 g/T Au 50.3-62.5m, 12.2m @ 0.272 g/T Au • 89.9-97.5m, 7.6m @ 0.358 g/T Au • 140.2-144.8, 4.6m @ 0.280 g/T Au AR-214C AR20-254R, 000/-90, 121.9m 32.0-44.2m, 13.7m @ 0.374 g/T Au 94.5-118.9m, 24.4m @ 0.398 g/T Au • Incl 109.7-118.9m, 9.1m @ 0.664 g/T Au Elevation in Feet AR22-643R, 010/-80, 304.8m 0.00-7.62m, 7.62m @ 0.558 g/T Au * 54.86-60.96m, 6.10m @ 0.881 g/T Au 129.54-184.40m, 54.86m @ 0.382 g/T Au • Incl. 131.06-138.68m, 7.62m @ 0.621 g/T Au " Incl 176.78-181.36m, 4.57m @ 1.147 g/T Au N ELEVATION GOLD +2500 F' +2000 Section Line MW1 Cross Section: Mordor/West Extension " Looking West 121.9m section width Pre-Mine Topography March 5, 2023,Topography Moss Vein AR22-642R, 010/-65, 243.8m 1.5-9.1m, 7.6m @ 0.689 g/T Au 62.48-65.53m, 3.05m @ 0.380 g/T Au 138.68-158.50m, 19.81m @ 0.378 g/T Au Au (g/t) >3.00 Drilled in 2017 2.00 -3.00 +1500 1.00 -2.00 0.50-1.00 0.30-0.50 0.15-0.30 Host Rock: Tps/Tpsb Drillhole grades ≥0.15 g/t Au shown 0.002 -0.15 152.4m Note: For more information, see Elevation news release dated March 16, 2023, titled "Elevation Gold Intersects 100.58-Meter-Thick Zone with Average Grade of 0.50 g/t Gold in the Reynolds Pit Area West of Active Mining and Provides Update on Greenfields Core Drilling Program" 28#30TSXV: ELVT OTCQX: EVGDF <-1500 CENTER PIT / ROM PAD RAMP S G <-2000 AR22-640R, 190/-45, 243.8m 94.5-143.3m, 48.8m @ 0.63 g/T Au ⚫ Including 94.5-111.3m, 16.8m @ 1.18 g/T Au Elevation in Feet HICH G' -2000 N Center Pit Section Line Cross Section: Under Crusher Looking West 121.9m section width Pre-Mine Topography March 12, 2023,Topography Moss Vein Ruth Vein Drilled in early 2022 AR22-641R, 190/-60, 243.8m 94.5-147.8m, 53.3m @ 0.49 g/T Au • Including 96.0-108.2m, 12.2m @ 0.88 g/T Au +1500 Au (g/t) >3.00 2.00-3.00 1.00 -2.00 0.50-1.00 Host Rock: Tps/Tpsb Drillhole grades 20.15 g/t Au shown 0.30-0.50 0.15-0.30 0.002 -0.15 152.4m Note: For more information, see Elevation news release dated October 31, 2022, titled "Elevation Gold Announces Recent Exploration Drilling Results that Continue to Demonstrate Moss Mine Expansion Potential and Announces New Drilling Program to Begin in November 2022" ELEVATION 29 GOLD