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Elim Mining Completes $3.8 Million Equity Financing CASA GRANDE, Ariz. & VANCOUVER, British Columbia (BUSINESS WIRE) #Arizona Elim Mining Incorporated (“Elim” or the “Company”), a private copper exploration and development company, is pleased to announce the closing of the first tranche of a non-brokered private placement of common shares of the Company ( Common Shares ) for aggregate gross proceeds of $3,811,620.60 (the Offering ). Under the Offering, the Company issued a total of 12,705,402 Common Shares at a price of $0.30 per Common Share. A second tranche consisting of shares subscribed by a technical consortium (the “Consortium”) comprised of Samuel Engineering and Q&D is expected to close in January 2021. The Company has agreed with the Consortium that $1,900,000 of the fees payable for certain services on the stockpile project will be satisfied by issuing Common Shares (6,333,333) at the deemed price of $0.30 per Common Share. The Company’s largest sharehold

United statesCactus mineWestern australiaUnited kingdomBritish columbiaAlison dwoskinJohn antwiCompany commonElim mining incorporatedMining incorporated elimArizona elim mining incorporatedSamuel engineeringCommon sharesTembo capitalStockpile projectChief executive officer