Path Forward and Prospective Exploration Areas slide image

Path Forward and Prospective Exploration Areas

TSXV: 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
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