Elevate Uranium and their Koppies Uranium Project in Namibia, December Report, Africa - 2023

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Summary of activities on Elevate Uranium's quarterly report on their Koppies Project:

• Updated Koppies JORC Mineral Resource Estimate (“MRE”) increased the Company’s global uranium resources to 142 Million pounds _eU₃O₈
• The MRE increase represented a 136% increase in the Koppies resource and a 42% increase in the Company’s Namibian resources
• The mineralization is shallow with 95% of the resource within 15 metres of surface
• Three drill rigs completed a total of 620 holes for 17,457 metres (aka 52,371 feet)
• Four drill rigs commenced operation in mid-January with a fifth drill rig scheduled to commence later in the quarter, and
• Resource drilling continues with the next update expected in March 2024