Vancouver, British Columbia, January 17, 2023 /PR Newswire/ – Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQX: EVGDF) (“Company” or “Elevation Gold”) is pleased to announce its production results for the closed 3 and 12 months. December 31, 2022 (“Q4 2022”). The company expects to file its year-end financial statements and management’s discussion and analysis by late April 2023.

Q4 2022 Highlights

• Elevation Gold produced 9,183 ounces of gold from 738,477 tonnes of ore processed at an average grade of 0.53 g/t. This is an increase of 111% from Q4 2021 and a 2% increase over Q3 2022.

• The company sold 9,060 ounces of gold in Q4 2022. This is in line with Q3 2022, where he increased by 105% from Q4 2021.

• Overall in 2022, we sold 31,666 ounces of gold. That puts him 18% ahead of gold sales in 2021.

• Average mining grade will increase from 0.35 g/t in Q1 2022, to 0.42 g/t in Q2 2022, to 0.51 g/t in Q3 2022 and to increased to 0.53 g/t.

Consolidated performance summary

The following table shows a summary of the company’s operating statistics for March 2018 and 12 months. December 31, 2022 And in 2021.

Tim SwendseidElevation Gold’s CEO said: We believe he sold 31,666 ounces of gold in 2022, which is close to our guidance ( August 29, 2022 news release) Annual sales volume is 32,000 to 34,000 oz. Swendseid continues: We have 6 drilled holes and everything is going well. I am very excited to see the results of the analysis. “

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qualified person

Unless otherwise stated, the technical disclosures contained in this press release relating to our operating mines are Tim J. Svensidecompany CEO, and person qualified for purposes of NI 43-101.

On behalf of the Board of Directors of Elevation Gold Mining Corporation

“Tim J. Svenside”

Tim J. SvensideCEO of Elevation Gold Mining Corporation

About Elevation Gold Mining Corporation

Elevation Gold is a publicly traded gold and silver producer engaged in the acquisition, exploration, development and operation of mineral assets located in the United States. Elevation Gold common stock is listed on the TSX Venture Exchange (“TSXV”). Canada with ticker symbols ELVT and OTCQX usa The ticker symbol is EVGDF. The company’s primary business is his wholly-owned Moss Mine in Mojave County, Arizona. Elevation also retains ownership of the Hercules Exploration Facility in Lyon County, Nevada.

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements and information contained herein are “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact contained in this document constitute forward-looking information. our guidance regarding the timing and volume of future production and our expectations regarding operating performance; anticipated costs; permitting requirements and timelines; Estimates of mineral resources and mineral reserves, mine life estimates, and timing and expected results of mine plans. Exploration and development activities anticipated on our projects. net present value; design parameters; economic feasibility; processing of mineralized material; “believe”, “expect”, “anticipate”, “think”, “goal”, “plan”, “goal”, “aim”, “intend”, “continue”, “budget”, Words such as “estimate,” “could,” “could,” “could,” “could,” “could,” “intend,” and similar expressions indicates forward-looking statements.

Forward-looking information is necessarily based on various estimates and assumptions, including, but not limited to, management’s expectations and beliefs, including that the Company has access to funding, adequate equipment and a sufficient workforce. I’m here. Assumed and future prices of gold, silver and other metals. anticipated costs; ability to meet targets; assumptions related to the factors listed below; While these factors and assumptions are believed to be reasonable by the Company as of the date hereof in light of management’s experience and perception of current conditions and expected developments, these statements are not material. Generally, we are 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 forward-looking statements, and you should not place undue reliance on such statements or information. Such factors include, but are not limited to: environmental risks, industrial accidents, catastrophic equipment failures, abnormal or unexpected formations or unstable ground conditions, and earthquakes. risks inherent in the mining industry, including but not limited to natural phenomena such as floods or unusually severe weather; risks not covered by insurance; global financial conditions and inflation; fluctuations in our stock price and general stock market volatility; Volatility and fluctuations in metals and commodity prices. Threats associated with viral and infectious disease outbreaks, including the COVID-19 virus. Delay or inability to obtain, retain, or comply with permits. Risks associated with negative publicity about our company or the mining industry in general. health and safety risks; exploration, development or mining results not meeting company expectations; Unavailable or inaccessible infrastructure and risks associated with aging infrastructure. Actual mined ore and/or metal recoveries that differ from estimates of mineral resources and mineral reserves, grades, tonnage, dilution, mining plans, metallurgy and other properties. Estimates of mineral resources and mineral reserves, and risks associated with the geology, grades and continuity of mineral deposits. This includes, but is not limited to, models associated with it. ore processing efficiency; information technology and cybersecurity risks; potential fraud and corruption allegations or allegations of inappropriate or discriminatory employment practices involving us, our customers, suppliers or employees; regulatory investigations, enforcement, sanctions, and/or related or other litigation; Estimates for future production and operations. Estimated operating cost estimates. Labor disputes or other unforeseen difficulties or shortages of labor or the possibility of production interruptions and their consequences. risks associated with environmental regulations and environmental impacts of our business and products and their management; exchange rate fluctuations; climate change; and the risks associated with hiring and retaining highly skilled employees. Compliance with environmental, health and safety laws. Counterparty and Credit Risk and Customer Concentration. litigation; changes in laws, regulations or policies, including but not limited to those related to mining regimes, permits and approvals, environmental and tailings controls, and labor; title challenges or deficiencies; funding requirements and availability; dilution; risks associated with acquisitions and related integration efforts; This includes the anticipated benefits associated with the integration, the ability to achieve unexpected difficulties or expenses, and the diversion of administrative time with respect to the integration. Uncertainty regarding the interpretation of drilling results, geology, continuity and ore grade. Uncertainties in capital and operating cost estimates, production estimates, and economic profit estimates. Uncertainty in achieving expected program milestones. Other risks and uncertainties include, but are not limited to, those set forth in the company’s public documents available at SEDAR. www.sedar.com Under company profile. All forward-looking statements in this document are qualified by these cautionary statements. We have attempted to identify important factors that could cause our actual results to differ materially from those contained in the forward-looking information, but we may not Readers should note the following, as there may be other contributing factors: The preceding list is not exhaustive of all factors and assumptions that may have been used. If one or more of these risks and uncertainties materializes or the underlying assumptions prove incorrect, actual results may differ materially from those set forth in the forward-looking information. may differ. Therefore, there can be no assurance that forward-looking information will be accurate, and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. We disclaim any intention or obligation to update or revise any forward-looking information or to account for material differences between such events and subsequent actual events, except as required by applicable law. deny the

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Source Elevation Gold Mining Corp.