Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQB: EVGDF) announces operating results for the three and six months ending June 30, 2024.  The Company expects to file its Q2 2024 financial statements and management discussion and analysis in August 2024.

Second Quarter 2024 Highlights 

• Elevation Gold produced 6,380 ounces of gold from 696,373 ore tonnes processed with average grades of 0.35 g/t during Q2 2024.
• The Company sold 7,070 ounces of gold during Q2 2024, an increase of 3% compared to Q2 2023.

Consolidated Operational Results Summary

The following table provides a summary of the Company’s operational statistics for the three and six months ended June 30, 2024 and June 30, 2023.

Tim Swendseid, Chief Executive Officer of Elevation Gold, stated “We are very pleased to report all mining this quarter took place in the Reynolds Pit and Mordor areas.   The most recently completed bench at Reynolds Pit (the 6^th full bench there) contained ore with an average grade of 0.38 g/t at a stripping ratio of 0.94 tonnes of waste for each tonne of ore.  Overall, our stripping ratio improved dramatically for the quarter (reduced by 22% compared to Q2 2023) and YTD (reduced by 23% versus same period last year).  Additionally, the most recently completed bench in Reynolds Pit had an average width of 95 meters, contributing to a significant improvement in mining efficiencies.  Fragmentation in Reynolds Pit remains excellent, and we have witnessed improving grade with depth.   Overall, we are very encouraged by what we are encountering at Reynolds Pit!”

Qualified Persons

Unless otherwise indicated, the technical disclosure contained within this press release that relates to the Company’s operating mine has been reviewed and approved by Tim J. Swendseid, P.E., MBA, CFA, Chief Executive Officer of the Company, and a Qualified Person for the purpose of National Instrument 43-101.

About Elevation Gold Mining Corporation

Elevation Gold is a publicly listed gold and silver producer, engaged in the acquisition, exploration, development and operation of mineral properties located in the United States.  Elevation Gold’s common shares are listed on the TSX Venture Exchange in Canada and on the OTCQB in the United States.  The Company’s principal operation is its 100% owned Moss Mine in the Mohave County of Arizona.  Elevation also holds the title to the Hercules exploration property, located in Lyon County, Nevada.