Elevation Gold Announces Filing of Technical Report on Mineral Resources, Mineral Reserves and Mine Plan for Moss Mine, Arizona

VANCOUVER, BC, November 2, 2021 / CNW / – Elevation Gold Mining Company (TSXV: ELVT) (OTCQX: NHVCF) (the “Company” or “Elevation Gold”) a U.S.-focused gold producer with district-wide exploration projects in Trend Walker Lane, is pleased to announce that it has filed updated mineral reserve estimates, mineral resources and technical report for its Moss mine, Arizona, (the “Technical report“) in accordance with National Instrument 43-101 of the Canadian Securities Administrators. The report can be viewed on the Company’s website and under the Company’s profile at www.sedar.com.

Logo Elevation Gold Mining Corporation (CNW Group / Elevation Gold Mining Corp.)

The independent report, dated October 8, 2021 (date of entry into force of July 1, 2021), entitled “Technical Report on Mineral Resources, Mineral Reserves and Mine plan for the Moss Mine “was produced by Independent Mining Consultants, Inc., Forte Dynamics, Inc. and Great Basin Environmental Services, LLC, and provides details of the disclosure in the Company’s press release issued on 21st of October, 2021. Qualified persons for the technical report include Jacob W. Richey, PE, Robert G. Cuffney, CPG, John M. Young, Adam House, MMSA and Nick gow, MMSA.

About Elevation Gold Mining

Elevation Gold Mining Provides Unusual Combination of Cash Flow, Production, Leading Management, and Exceptional Exploration Potential to Investors in Two Projects on the Western Walker Lane Gold Trend Nevada and Arizona. Management is executing a clear strategy that increases production and resources at the Moss mine by Arizona while aggressively exploring the Hercules project in Nevada.

ON BEHALF OF THE BOARD OF DIRECTORS OF ELEVATION GOLD MINING CORPORATION

“Michael G. Allen”

President

Caution regarding forward-looking information

Some of the statements made and information contained in this document are “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact included in this document constitute forward-looking information, including, but not limited to, statements regarding the plans, prospects and business strategies of the Company; the Company’s guidance on the timing and amount of future production and its expectations regarding operating results; expected costs; permit requirements and timelines; the timing and possible outcomes of mineral resource and mineral reserve estimates, mine life estimates and mine plans; exploration and development activities planned for the Company’s projects; actual net value; design parameters; economic potential; processing of mineralized materials; the potential for robust economic potential at the Moss mine project. Words such as “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “goal”, “aim”, “intend”, “continue”, ” budget ”,“ estimate ”,“ may ”,“ will ”,“ may ”,“ could ”,“ should ”,“ plan ”and similar expressions identify forward-looking statements.

Forward-looking information is necessarily based on various estimates and assumptions, including, without limitation, the expectations and beliefs of management, including that the Company has access to financing, suitable equipment and a workforce. sufficient work; presumed and future price of gold, silver and other metals; anticipated costs; ability to achieve goals; and assumptions related to the factors set out below. While these factors and assumptions are considered reasonable by the Company as of the date of this document in light of management’s experience and perception of current conditions and expected developments, these statements are inherently subject to significant commercial, 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 such statements and information should not be relied on unduly. These factors include, but are not limited to: the risks inherent in mining, including, but not limited to, environmental risks, industrial accidents, catastrophic equipment failures, unusual geological formations or unexpected or unstable ground conditions, and natural phenomena such as earthquakes, floods or unusually severe weather conditions; uninsurable risks; global financial conditions and inflation; fluctuations in the price of the Company’s shares and the volatility of the stock markets in general; volatility and fluctuations in the prices of metals and raw materials; the threat associated with epidemics of viruses and infectious diseases, including the COVID-19 virus; delays or inability to obtain, retain or comply with permits; risks associated with negative publicity towards the Company or the mining industry in general; health and safety risks; exploration, development or operating results do not meet the Company’s expectations; unavailable or inaccessible infrastructure and risks associated with aging infrastructure; actual ore and / or metal recoveries vary from estimates of mineral resources and mineral reserves, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; risks associated with the estimation of mineral resources and mineral reserves and with the geology, grade and continuity of mineral deposits, including, but not limited to models relating thereto; ore processing efficiency; risks related to information technology and cybersecurity; the potential for an allegation of fraud and corruption involving the Company, its customers, suppliers or employees, or the allegation of inappropriate or discriminatory employment practices; regulatory investigations, enforcement, sanctions and / or related or other litigation; estimates of future production and operations; operating cost estimates; the potential and effects of labor disputes or other unforeseen hardship or labor shortages or production interruptions; risks related to environmental regulations and the environmental impact of the Company’s operations and products and their management; fluctuations in exchange rates; climate change; risks associated with attracting and retaining highly qualified employees; compliance with environmental, health and safety laws; counterparty and credit risks 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 management, and labor of work; internal controls; title disputes or defects; financing needs and availability of financing; dilution; risks associated with dividends; risks associated with acquisitions and related integration efforts, including the ability to achieve expected benefits, difficulties or unforeseen expenses associated with integration, and the diversion of management time upon integration; uncertainties relating to the interpretation of drilling results and the geology, continuity and grade of mineral deposits; uncertainty of capital and operating cost estimates, production estimates and estimated economic return; uncertainty regarding the achievement of planned program milestones; and other risks and uncertainties, including, but not limited to, those described in the Company’s public information documents which are available on SEDAR at www.sedar.com under the Company profile. All forward-looking statements contained in this document are qualified by these cautionary statements. Although the Company has attempted to identify material factors which could cause actual results to differ materially from those contained in forward-looking information, there may be other factors which may cause the results to be inaccurate. those anticipated, estimated, forecast or forecast and readers are cautioned that the foregoing list is not exhaustive of all the factors and assumptions that may have been used. If one or more of these risks and uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results could differ materially from those described in the forward-looking information. Therefore, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this document is valid only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such actual and subsequent events, except as required by applicable law.

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SOURCE Elevation Gold Mining Corp.

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