Gold Mountain’s approach to the Elk Gold Project involves a phased development plan

Gold Mountain’s approach to the Elk Gold Project involves a phased development plan. The initial phase focuses on restarting open−pit mining operations, utilizing existing infrastructure and optimizing production processes to achieve low cost gold extraction. The company has secured key permits, including the Mining Permit and Environmental Management Act Permit,allowing for the commencement of production.Concurrently, Gold Mountain is conducting extensive exploration to expand the resource base at Elk. This includes drilling campaigns aimed at increasing the size of the known resource and testing new targets within the property. The company’s exploration efforts are focused on both near surface and underground potential, with the goal of extending the mine life and enhancing project economics.