Diversified Uranium Assets in Tier 1 Jurisdictions

Elevate Uranium Limited (ASX: EL8, OTCQX:ELVUF) is pleased to provide an update of its corporation presentation, highlighting its "Diversified Uranium Assets in Tier 1 Jurisdictions".

Diversified Uranium Assets in Tier 1 Jurisdictions

1. Namibia - 5th largest uranium resources in the world and 4th largest producer I Uranium production has occurred for the past 46 years
   • Koppies (Exploration and resource estimation soon)
   • Hirabeb (Exploration)
   • Capri (Exploration)
   • Marenica (61 Mlb U₃0₈ resource + exploration)
2. Australia - largest uranium resources in the world and 2^nd largest producer
   • Angela (31 Mlb U₃0₈ resource + exploration)
   • Oobagooma (Exploration Target of 26 to 52 Mlb U₃0₈)²
   • Minerva (Exploration)

Delivering on Uranium Strategy

Strategy

Delivery

• Accumulated large strategic tenement position in Namibia and Australia
• Namibian uranium asset portfolio — resources of 61 Mlb U₃0₈
• Australian uranium asset portfolio — resources of 48 Mlb U₃0₈
• Significant exploration results achieved on tenements in Namibia, resource on Koppies soon
• U-pgradeTM beneficiation process expected to apply to assets — lowering cost base
• Elevate has been in the uranium business for 16 years

Namibia

• Namibia is a Tier 1 Uranium jurisdiction; 4th largest producer & 5th largest resources in the world
• Namibia has an established uranium mining industry operating for 46 years
• 61 Mlb U₃0₈ resource at Marenica Uranium Project, beneficiates to -5,000 ppm U₃0₈ using U-pgrade ^TM
• Elevate is holder of the largest tenement area for uranium in Namibia
• Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited for the application of U-pgrade ^TM

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