$ELYGF Limited modern exploration at Gold Canyon includes (1) a very positive sampling and metallurgical testing program conducted by Ely Gold in 2016 (see Ely Gold press release dated August 8, 2016); (2) a five-hole RC drill campaign completed by Fremont in late May 2018 (see Fremont press release dated July 25, 2018). Highlights of that program included Hole GCR-3 which intersected 2 separate mineralized horizons: 16.8m @1.9 g/t Au from surface and 6.1m @ 1.8 g/t Au from 51.8m to 57.9m. Hole GCR-2 which intersected 18.3m @ 1.1g/t Au, including 9.2m @ 1.7 g/t Au just beyond the northeast end of the Gold Canyon pit. This hole demonstrated that mineralization continues to the northeast beyond the historical production; (3) a geochemical sampling program, by Fremont in 2018, that identified additional drill targets at Gold Canyon, (see Fremont press release dated December 18, 2018).



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