Path Forward and Prospective Exploration Areas slide image

Path Forward and Prospective Exploration Areas

TSXV: 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
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