Path Forward and Prospective Exploration Areas

TSXV: 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

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