Maiden Drill Program On Florence Hill Target

VANCOUVER - Michael G. Allen, President of Elevation Gold Mining Corp. announced that exploration discovery drilling has commenced on the Florence Hill target located on the Moss Mine Property in Mohave Country Arizona. "We are excited to be doing the maiden drill program on the Florence Hill Target.  Recent geophysical work by the Company has identified key structures from the historic Oatman district that continue to Florence Hill.  In addition, geochemical, and alteration mapping indicate the presence of a large hydrothermal system in this area. It is unusual to find an undrilled target with these features in the lower 48, and the Company is excited about the potential for making a new discovery."

More than 2 million ounces of gold have been historically produced from underground mining in the Oatman district.  Most of the historic production was from the northwest-trending United Western, United Eastern, Tom Reed, Big Jim, and Gold Road epithermal vein systems, which appear to intersect in the Florence Hill area.  Average head grades for these historic mines are reported to have ranged between approximately 10 g/t and 33 g/t gold.

The Company has planned a program of approximately 3,800 meters of oriented diamond core drilling, focused primarily on the Florence Hill target.  In addition, the Company has built roads and drill pads to test adjacent fault-hosted targets, including the Silver Creek Springs, eastern West Oatman, and possibly the Hardy Vein exploration targets.

Dr. Warwick S. Board, Vice President of Exploration, said, "The proximity of significant historic producers in the Oatman district and their location on structures that intersect the Silver Creek Caldera margin in the Florence Hill area, highlights the potential of the Florence Hill exploration target.  Ongoing geological and geophysical work continues to add to our knowledge of the multiple features that are coincident in the Florence Hill exploration area.  Key learnings from successive drillholes will be used to iteratively optimize drill targeting in the Florence Hill and similar target areas along the caldera margin.  Everyone at Elevation Gold is excited about what this drilling may discover."

Allen said, "Infill drilling results continue to highlight the potential for resource and reserve expansion to the west, east, and at depth below the current mine operations.  We are particularly encouraged by the continued intersection of relatively broad zones of stockwork mineralization below and to the west of the West Pit, as well as the apparent increase in thickness with depth in the Moss Vein in the Eastern Extension Area."

Infill drilling continues to indicate the presence of broad intersections of stockwork and vein-hosted mineralization beneath the active West Pit.  Stockwork mineralization was intersected from surface down to almost 160 meters below surface in this tranche of drilling. Drillhole AR22-613R intersected 60.96 meters of hanging wall stockwork grading 0.54 g/t gold and 5.13 g/t silver, including 10.67 meters grading 1.00 g/t gold and 6.80 g/t silver, starting from surface, and a further 41.15 meters grading 0.30 g/t gold and 7.70 g/t silver from a depth of ~80 meters below surface. Drillhole AR22-606R intersected 138.68 meters of hanging wall stockwork mineralization grading 0.38 g/t gold and 0.93 g/t silver, including 3.05 meters grading 3.35 g/t gold and 1.60 g/t silver, and 4.57 meters grading 0.85 g/t gold and 1.47 g/t silver, starting around seven meters below surface.

Drilling approximately 100 meters to the east of the current East Pit intersected stockwork and vein-hosted epithermal gold-silver mineralization in the Moss Vein from a depth of about 110 meters below surface.  The vein appears to increase in thickness and grade with depth, being blind at surface in this area.  Additional drilling is being planned to further explore the Moss Vein to the east of the current East Pit. Drillhole AR22-579R intersected 32.00 meters of stockwork and vein-hosted mineralization grading 0.84 g/t gold and 10.91 g/t silver, including 12.19 meters grading 1.56 g/t gold and 20.70 g/t silver, from a depth of ~150 meters below surface.

Stockwork and vein-hosted epithermal gold and silver mineralization was intersected in nine of the ten condemnation drillholes drilled in the proposed 3B Leach Pad area.  Drillhole intersections are mainly of low grade stockwork mineralization ranging from more than a meter to almost 40 meters in downhole thickness.  Mineralization that may be related to the north-dipping Mordor Vein was intersected at depths of between approximately 22 meters and 58 meters below surface in drillholes AR22-616R and AR22-617R, approximately 400 meters to the west of the active West Pit. Drillhole AR22-616R intersected 18.29 meters grading 0.50 g/t gold and 2.23 g/t silver from a depth of around 22 meters below surface.  Drillhole AR22-617R intersected 25.91 meters grading 0.53 g/t gold and 4.16 g/t silver. Including 4.57 meters grading 1.54 g/t gold and 6.90 g/t silver from a depth of about 58 meters below surface.