ELEF:CC - Silver Elephant Reports Assay Results Up To 34 g/t Gallium 266 g/t Indium At the Pulacayo-Paca Silver Project in Bolivia

July, 02 2024 09:29 AM Silver Elephant Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2024) - Silver Elephant Mining Corp. (TSX: ELEF) (OTC Pink: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to report gallium and indium assay results from the selected drill core at its flagship Pulacayo-Paca silver-lead-zinc project ("Pulacayo-Paca Project") in Potosi department, Bolivia.

The results show extensive occurrences of gallium and indium in the assayed samples over a strike-length of approximately 750 meters that appear to be correlated to zinc. The Company is highly encouraged by the gallium and indium results and will continue to evaluate this potential. These elements could add significant value to any final concentrate produced from mining and processing activities.

A total of 199 core samples from 12 diamond drill holes were collected from the Pulacayo-Paca project and submitted to ALS Laboratory in Bolivia to assay for gallium and indium. The samples were selected because of their proximity to drill holes PUD 028, PUD 029, PUD 030 and PUD 031, whose samples were assayed by the previous operator for gallium and indium. Results from those drill holes included 99 meters of 27.8 g/t gallium and 9.7 g/t indium. (refer to Company News Release dated May 21, 2024).

The drill holes reported in the following tables were previously assayed for silver, lead and zinc only. It should be noted that only selected intervals were assayed for gallium and indium in this initial discovery test.

HOLE ID
FROM m
TO m
WIDTH m
Ag g/t
Pb %
Zn %
Ga g/t
In g/t
PUD156
247.3
248
0.7
934
5.67
6.16
4.56
266.00
11PUD231
30
31
1
1
0.53
0.01
7.58
12.25
11PUD231
42
43
1
1
0.65
0.02
10.05
14.55
11PUD231
48
49
1
2
1.56
0.02
34.80
42.40
11PUD231
101
102
1
108
1.91
8.71
5.56
38.40
11PUD231
111
112
1
345
5.83
10.85
8.83
74.80
11PUD231
119
120
1
145
2.20
1.23
10.20
29.00
PUD069
254
255
1
40
1.10
5.44
4.61
11.15
PUD069
278
279
1
44
0.17
6.65
2.42
20.30
PUD069
290
291
1
98
0.91
1.20
2.57
17.75
PUD069
296
297
1
620
0.44
8.79
3.04
16.40
PUD069
310
311
1
169
0.24
7.73
7.08
219.00
11PUD220
84
85
1
74
2.67
2.95
2.61
14.50
PUD046
227
228
1
54
1.02
4.35
3.90
10.30
PUD046
233
234
1
93
1.62
3.82
7.29
21.60
PUD046
261
262
1
106
1.47
1.81
1.84
20.80
PUD046
267
268
1
314
1.71
2.44
2.53
20.00
PUD046
273
274
1
62
0.96
4.91
4.61
37.50
PUD046
279
280
1
56
0.51
5.48
5.45
32.70
PUD046
285
286
1
199
1.99
6.70
3.77
29.50
PUD046
291
292
1
786
10.95
3.59
5.74
51.00
PUD046
296
297
1
>100
0.83
>10000
2.05
12.40
PUD098
63
64.15
1.15
77
1.74
3.89
2.93
12.60
PUD098
154
155
1
44
0.71
5.84
5.18
43.40
PUD098
159
160
1
1.29
0.15
0.66
4.64
14.00
PUD098
184
185
1
41
0.94
5.43
2.52
12.90
PUD098
190
191
1
650
10.90
12.95
6.84
83.90
PUD187
316
317
1
15
0.06
1.63
3.27
13.25
PUD267
33.5
35
1.5
40
1.22
1.21
3.78
15.90

In the next table, the Company presents the silver, lead, and zinc assay results (previously reported by Apogee Minerals Ltd. and Silver Elephant) of the same drill holes which gallium and indium analysis were performed in 2024. The historic drill results show wide intersections of mineralization.

HOLE ID
FROM m
TO m
WIDTH m
TRUE WIDTH m
Ag g/t
Pb %
Zn %

PUD 156
241
278
37
22.78
74.65
0.33
0.82
including…
246.6
253
6.4
3.94
217.49
0.99
1.36
11PUD 231
21
23
2
0.94
199.5
9.35
0.06
11PUD 231
40
47
7
3.29
92
2.53
0.07
including…
45
46
1
0.47
407
6.72
0.07

101
106
5
2.35
54.4
1.07
3.32

109
114
5
2.35
96.4
1.77
4.7

117
120
3
1.41
79
1.37
4.45
PUD 069
276
306
30
22.98
413.9
3.59
1.2
11PUD 220
35.2
56
20.8
9.76
79.3
0.9
0.62

65
68
3
1.41
44.7
0.75
0.6

80
89
9
4.22
119.7
2.6
2.64
PUD 040
237
241
4
2.29
7.25
1.1
3.49
PUD 046
225
309
84
70.44
106.29
0.86
2.26
including…
284
303
19
15.93
258.47
1.8
2.85
PUD 187
315
317
2
1.53
13.5
0.08
1.74

324
326
2
1.53
7
0.01
1.14
PUD 267
31.5
67
35.5
25.10
54.3
4.31
0.92
including…
48
58
10
7.07
146.7
9.79
1.97
PUD 267
117
123
6
4.24
47.8
1.11
0.25
including…
121
122
1
0.71
238
3.61
0.86

127.5
131
3.5
2.47
1.3
1.45
0.25

139.5
142
2.5
1.77
2.4
1.68
0.2
PUD 271
123
126
3
2.12
1
0.005
0.012
PUD 098
178
215
37
29.93
48.8
1.06
2.9
Including…
189
193
14
11.33
304.4
5.15
10.69
PND 108
15
65
50
48.30
135
1.42
0.4
including…
33
57
24
23.18
200
2.12
0.6
and…
33
43
10
9.66
257
1.49
0.41

94
96
2
1.93
160
0.52
0.94
PND 110
9
182
173
122.33
95
1.4
1.63
incl…
9
98
89
62.93
279
1.17
1.28
and…
9
28
19
13.43
718
0.74
0.05
and…
9
12
3
2.12
145
0.9
0.07
and…
16
28
12
8.49
1085
0.71
0.04
and…
44
180
138
97.58
87
2.01
1.59
and…
44
46.5
2.5
1.77
111
1.09
0.61
and…
44
98
54
38.18
98
1.52
2.03
and…
52
54
2
1.41
115
1.33
1.61
and…
60
82
22
15.56
328
1.43
1.98
and…
61
65
4
2.83
1248
2.88
1.93
and…
86
94
8
5.66
270
2.74
2.83
and…
97
98
1
0.71
155
3.03
3.26

The locations of the latest sampled Pulacayo drill holes are shown on the map below, which also displays the 43-101 resource envelope of Pulacayo:

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9008/215225_74d0d41a0404480b_002full.jpg

The Pulacayo-Paca project has a total indicated resource of 106.7 million ounces of silver, 1.4 billion pounds of zinc and 690 million pounds of lead (48Mt @ 69g/t Ag, 1.3% Zn, 0.7% Pb) published in the Technical Report dated October 13, 2020 and tabulated below.

Pulacayo-Paca Project Resource Estimate Oct 13, 2020*
Deposit
Category
k Tonnes
Ag M oz
Zn M lbs
Pb M lbs
Pulacayo
Indicated
26,350
70.2
903.7
386
Inferred
1,670
7.2
71.8
18.4
Paca
Indicated
21,690
37
485.8
304.2
Inferred
3,395
6
51.1
43.7
Total
Indicated
48,040
106.7
1,384.70
690.2
Inferred
5,065
13.1
122.8
61.9

*Combined Indicated Mineral Resources includes Pulacayo pit-constrained and out-of-pit plus only Paca pit-constrained resources. Oxide resources use a 50 g/t Ag cutoff. Sulfide resources use a 100 g/t Ag Eq cutoff. Ag Eq = Silver Equivalent (Recovered) = (Ag g/t*89.2%)+((Pb%*(US$0.95/lb. Pb/14.583 Troy oz./lb./US$17 per Troy oz. Ag)*(10,000*91.9%))+((Zn%*(US$1.16/lb. Zn/14.583 Troy oz./lb./US$17 per Troy oz. Ag)*(10,000*82.9%)). Sulphide zone metal recoveries of 89.2% for Ag, 91.9% for Pb, and 82.9% for Zn were used in the Silver Equivalent (Recovered) equation and reflect metallurgical testing results disclosed previously for the Pulacayo Deposit. Matthew Harrington P. Geo., Michael Cullen, P. Geo. and Osvaldo Arce, P. Geo are the independent Qualified Persons for the mineral resource estimate ("N.I. 43-101 Mineral Resource Estimate Technical Report for the Pulacayo Project Effectve Date October 13, 2020"). They have verified all data and the QA/QC methodology. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The full gallium and indium assay results are shown in the table below.

HOLE ID
FROM m
TO m
WIDTH m
Ag g/t
Pb %
Zn %
Ga g/t
In g/t
PUD156
234
235
1
0.5
0.117
0.56
0.77
0.759
PUD156
240
241
1
8
0.004
0.188
1.32
6.74
PUD156
247.3
248
0.7
934
5.67
6.16
4.56
266
PUD156
253
254
1
26
0.297
0.769
1.1
6.67
PUD156
259
260
1
10
0.38
1.05
1.7
2.41
PUD156
264
265
1
497
1.015
0.441
0.99
6.47
PUD156
270
271
1
4
0.079
0.292
0.94
0.51
PUD156
276
277
1
3
0.154
0.702
0.86
3.76
PUD156
282
283
1
1
0.041
0.088
0.86
0.031
PUD156
288
289
1
3
0.121
0.405
0.83
0.096
11PUD231
12
13
1
0.5
0.0005
0.001
5.22
0.027
11PUD231
18
19
1
1
0.001
0.001
3.79
0.054
11PUD231
24
25
1
3
1.07
0.01
5.92
4.29
11PUD231
30
31
1
1
0.53
0.01
7.58
12.25
11PUD231
36
37
1
5
0.65
0.23
1.94
0.797
11PUD231
42
43
1
1
0.65
0.02
10.05
14.55
11PUD231
48
49
1
2
1.56
0.02
34.8
42.4
11PUD231
54
55
1
7
0.29
0.001
5.07
2.37
11PUD231
60
61
1
2
0.01
0.02
3.27
0.102
11PUD231
66
67
1
1
0.001
0.02
3.18
0.056
11PUD231
72
72.9
0.9
4
0.16
0.75
2.24
0.207
11PUD231
79
80
1
0.5
0.01
0.02
4.47
1.885
11PUD231
85
86
1
0.5
0.03
0.1
3.18
0.14
11PUD231
91
92
1
5
0.35
0.77
3.59
2.75
11PUD231
97
98
1
0.5
0.02
0.13
1.58
0.14
11PUD231
101
102
1
108
1.91
8.71
5.56
38.4
11PUD231
107
108
1
10
0.24
0.57
2.96
1.275
11PUD231
111
112
1
345
5.83
10.85
8.83
74.8
11PUD231
119
120
1
145
2.2
1.23
10.2
29
11PUD231
126
127
1
1
0.001
0.03
2.04
0.277
PUD069
92
93
1
0.5
0.02
0.09
1.84
0.041
PUD069
98
99
1
1
0.005
0.02
2.27
0.031
PUD069
104
105
1
1
0.06
0.34
1.88
0.108
PUD069
110
111
1
1
0.04
0.17
2.5
0.047
PUD069
116
117
1
0.5
0.005
0.01
3.1
0.039
PUD069
122
123
1
0.5
0.02
0.08
3.11
0.081
PUD069
128
129
1
18
0.53
5.13
4.12
4.58
PUD069
134
136
2
0.5
0.01
0.02
2.76
0.047
PUD069
146
148
2
1
0.08
0.57
2.1
0.454
PUD069
158
160
2
0.5
0.01
0.07
1.96
0.05
PUD069
170
172
2
1
0.005
0.03
3.38
0.049
PUD069
182
184
2
0.5
0.01
0.12
1.89
0.05
PUD069
194
196
2
2
0.06
0.21
2.47
0.21
PUD069
206
208
2
0.5
0.02
0.09
3.17
0.061
PUD069
218
220
2
1
0.02
0.07
1.86
0.035
PUD069
230
232
2
1
0.04
0.19
2.04
0.054
PUD069
242
243
1
0.5
0.03
0.16
1.47
0.044
PUD069
248
249
1
0.5
0.01
0.05
1.46
0.022
PUD069
254
255
1
40
1.1
5.44
4.61
11.15
PUD069
260
261
1
1
0.1
0.5
1.97
0.927
PUD069
268
269
1
2
0.14
0.38
1.74
0.473
PUD069
274
275
1
10
0.29
1.65
2.74
5.53
PUD069
278
279
1
44
0.17
6.65
2.42
20.3
PUD069
290
291
1
98
0.91
1.2
2.57
17.75
PUD069
296
297
1
620
0.44
8.79
3.04
16.4
PUD069
304
305
1
590
0.62
0.57
1.35
3.74
PUD069
310
311
1
169
0.24
7.73
7.08
219
PUD069
316
317
1
7
0.27
0.84
1.53
0.247
PUD069
322
323
1
5
0.24
1.14
1.54
0.207
PUD069
328
329
1
1
0.03
0.17
1.33
0.055
PUD069
334
335
1
0.5
0.005
0.03
1.37
0.046
PUD069
340
341
1
1
0.01
0.04
1
0.046
PUD069
346
347
1
1
0.01
0.05
1.1
0.048
11PUD220
20
21
1
0.5
0.0005
0.085
5.98
0.102
11PUD220
25
26
1
1
0.062
0.059
3.72
0.4
11PUD220
31
32
1
1
0.051
0.037
3.79
0.048
11PUD220
61
62
1
8
0.605
0.433
2.12
2.17
11PUD220
67
68
1
91
0.783
0.523
3.25
5.35
11PUD220
73
74
1
8
0.455
0.988
1.42
1.615
11PUD220
79
80
1
8
0.233
0.938
1.9
0.787
11PUD220
84
85
1
74
2.67
2.95
2.61
14.5
11PUD220
89
90
1
5
0.341
0.212
1.94
0.656
11PUD220
95
96
1
1
0.001
0.009
1.66
0.057
11PUD220
101
102
1
0.5
0.001
0.013
3.65
0.055
11PUD220
107
108
1
0.5
0.037
0.125
1.68
0.078
PUD040
4
6
2
0.5
0.07
0.01
3.07
0.388
PUD040
16
17
1
2
0.11
0.02
2.67
1.14
PUD040
22
23
1
0.5
0.02
0.06
3.08
0.035
PUD040
28
29
1
5
0.49
0.03
2.78
0.805
PUD040
34
35
1
3
0.25
0.02
2.23
0.278
PUD040
40
41
1
0.5
0.03
0.11
4.86
0.031
PUD040
46
47
1
1
0.11
0.48
2.71
0.05
PUD040
52
53
1
0.5
0.005
0.25
5.35
0.045
PUD040
58
59
1
0.5
0.005
0.71
8.2
0.051
PUD040
64
65
1
1
0.005
1.28
5.68
0.058
PUD040
70
72
2
0.5
0.005
0.36
2.88
0.023
PUD040
82
84
2
0.5
0.005
0.17
2.38
0.019
PUD040
94
96
2
1
0.005
0.52
2.16
0.021
PUD040
106
108
2
1
0.005
0.29
2.67
0.022
PUD040
118
120
2
1
0.005
0.1
2.02
0.022
PUD040
130
132
2
0.5
0.005
0.01
2.16
0.022
PUD040
142
144
2
0.5
0.005
0.005
1.42
0.019
PUD040
154
156
2
0.5
0.005
0.24
1.41
0.02
PUD040
166
168
2
0.5
0.005
0.01
1.4
0.016
PUD040
176
177
1
1
0.005
0.01
1.26
0.015
PUD040
182
183
1
0.5
0.005
0.01
0.56
0.01
PUD040
191
193
2
1
0.005
0.07
1
0.012
PUD040
203
204
1
0.5
0.005
0.1
1.02
0.022
PUD040
209
210
1
0.5
0.01
0.21
2.32
0.082
PUD040
215
216
1
1
0.005
0.06
2.84
0.097
PUD040
221
222
1
0.5
0.005
0.04
3.08
0.054
PUD040
227
228
1
0.5
0.06
0.19
2.44
0.071
PUD040
233
234
1
0.5
0.005
0.03
2.5
0.042
PUD040
239
240
1
13
2.01
6.27
1.45
0.036
PUD040
245
246
1
0.5
0.005
0.05
2.55
0.044
PUD040
251
252
1
0.5
0.03
0.1
2.23
0.033
PUD040
257
258
1
0.5
0.03
0.07
2.29
0.036
PUD046
153
154
1
4
0.21
1.23
2.05
0.496
PUD046
164
166
2
2
0.09
0.46
1.84
0.528
PUD046
176
178
2
2
0.06
0.35
2.49
0.445
PUD046
188
190
2
5
0.27
0.85
2.15
1.585
PUD046
200
202
2
2
0.09
0.39
1.49
0.417
PUD046
212
214
2
1
0.01
0.05
1.55
0.05
PUD046
221
222
1
4
0.06
0.34
1.33
1.51
PUD046
227
228
1
54
1.02
4.35
3.9
10.3
PUD046
233
234
1
93
1.62
3.82
7.29
21.6
PUD046
239
240
1
8
0.33
1.9
2.26
6.56
PUD046
245
246
1
474
1.13
1.68
2.66
1.48
PUD046
251
252
1
9
0.13
0.51
2.61
8.44
PUD046
261
262
1
106
1.47
1.81
1.84
20.8
PUD046
267
268
1
314
1.71
2.44
2.53
20
PUD046
273
274
1
62
0.96
4.91
4.61
37.5
PUD046
279
280
1
56
0.51
5.48
5.45
32.7
PUD046
285
286
1
199
1.99
6.7
3.77
29.5
PUD046
291
292
1
786
10.95
3.59
5.74
51
PUD046
296
297
1



2.05
12.4
PUD046
303
304
1
6
0.19
0.63
1.77
0.122
PUD046
309
310
1
0.5
0.03
0.1
1.2
0.051
PUD046
315
316
1
4
0.11
0.4
1.04
0.839
PUD046
321
322
1
3
0.08
0.31
1.2
0.042
PUD046
332
334
2
1
0.01
0.09
1.82
0.037
PUD046
346
348
2
16
0.62
1.84
2.14
2.39
PUD098
21
22
1
13
0.69
1.26
2.81
2.62
PUD098
27
28
1
1
0.01
0.02
2.52
0.086
PUD098
35
36




2.91
0.255
PUD098
39
40
1
8
0.24
1.44
2.81
2.53
PUD098
45
46
1
12
0.36
1.77
3.17
4.24
PUD098
51
52
1
12
0.27
1.04
2.36
4.01
PUD098
57
58
1
3
0.1
0.24
2.22
0.922
PUD098
63
64.15
1.15
77
1.74
3.89
2.93
12.6
PUD098
110
111
1
1
0.005
0.04
0.64
0.051
PUD098
116
117
1
2
0.07
0.32
1.54
0.064
PUD098
122
123
1
2
0.16
0.69
2.3
0.4
PUD098
128
129
1
5
0.13
0.7
1.53
1.775
PUD098
134
135
1
8
0.15
1.08
1.92
2.4
PUD098
140
141
1
6
0.18
0.9
2.35
7.4
PUD098
148
149
1
22
0.48
1.16
2.5
7.06
PUD098
154
155
1
44
0.71
5.84
5.18
43.4
PUD098
159
160




4.64
14
PUD098
166
167
1
5
0.14
0.42
1.68
0.117
PUD098
172
173
1
0.5
0.01
0.04
1.86
0.056
PUD098
178
179
1
15
0.22
1.28
1.7
0.452
PUD098
184
185
1
41
0.94
5.43
2.52
12.9
PUD098
190
191
1
650
10.9
12.95
6.84
83.9
PUD098
195
196
1
6
0.2
0.64
1.6
0.105
PUD098
201
202
1
7
0.24
0.91
2.16
0.07
PUD098
207
208
1
2
0.17
0.77
1.82
0.066
PUD098
212
213
1
1
0.12
0.32
2.12
0.07
PUD098
217
218
1
1
0.005
0.03
1.5
0.034
PUD187
298
299
1
0.5
0.004
0.121
2.1
0.023
PUD187
304
305
1
1
0.056
0.195
1.82
0.025
PUD187
310
311
1
1
0.028
0.102
1.38
0.026
PUD187
316
317
1
15
0.062
1.63
3.27
13.25
PUD187
322
323
1
2
0.012
0.25
1.62
0.746
PUD187
331.35
332.18
0.83
9
0.078
0.498
1.46
0.831
PUD187
337
338
1
3
0.021
0.07
1.45
0.072
PUD187
343
344
1
0.5
0.087
0.259
1.14
0.027
PUD267
15
16
2
3
0.135
0.005
2.21
0.193
PUD267
24
26
2
4
0.231
0.9
2.05
1.235
PUD267
33.5
35
1.5
40
1.22
1.205
3.78
15.9
PUD267
40.5
41.5
1
39
0.627
2.84
3.08
3.9
PUD267
67
69
2
0.001
0.032
0.137
2.61
0.135
PUD267
79
81
2
0.001
0.003
0.023
2.16
0.058
PUD267
87
89
2
0.001
0.006
0.032
1.87
0.065
PUD267
97
99
2
0.001
0.006
0.034
1.44
0.095
PUD267
107
109
2
0.001
0.013
0.081
1.74
0.044
PUD267
119
120
1
1
0.141
0.799
1.96
0.073
PUD267
126
127.5
1.5
0.001
0.046
0.386
1.7
0.051
PUD267
135
137
2
0.001
0.003
0.093
4.23
0.037
PUD267
142
144
2
3
0.052
0.228
2.99
0.125
PUD267
153
155
2
0.001
0.005
0.185
4.33
0.051
PUD267
161
162
1
0.001
0.003
0.008
1.97
0.019
PUD267
172
174
2
2
0.002
0.007
0.86
0.017
PUD271
7
8
1
0.001
0.013
0.01
4.62
0.136
PUD271
13
14
1
0.001
0.052
0.008
6.44
0.172
PUD271
19
20
1
0.001
0.013
0.005
2.89
0.161
PUD271
25
26
1
0.001
0.009
0.032
1.69
0.06
PUD271
35
37
2
0.001
0.004
0.032
1.34
0.034
PUD271
44
46
2
0.001
0.005
0.025
1.38
0.038
PUD271
53
54
1
0.001
0.003
0.022
1.64
0.033
PUD271
59
61
2
0.001
0.002
0.01
1.5
0.03
PUD271
69
71
2
0.001
0.003
0.165
1.55
0.035
PUD271
80
82
2
0.001
0.002
0.007
1.17
0.026
PUD271
92
94
2
1
0.003
0.007
1.31
0.034
PUD271
104
106
2
0.001
0.002
0.005
1.06
0.019
PUD271
116
118
2
0.001
0.005
0.016
2.59
0.041
PUD271
126
127
1
0.001
0.004
0.018
1.66
0.028
PUD271
136
138
2
0.001
0.003
0.011
1.87
0.044
PUD271
146
148
2
0.001
0.003
0.008
1.61
0.038
PND108
61
62
1
83
0.93
0.47
1.47
0.022
PND110
64
65
1
693
3.44
2.35
1.58
0.59

QA/QC

An industry standard Quality Assurance/Quality Control program was used during the various drill campaigns. All core and other samples were split with half being bagged, labelled and shipped directly to the laboratory. The other 50% split is retained in a secure facility. Both standards and blanks were inserted at regular intervals within each sample batch prior to shipment to the laboratory. These comprised 3-5% (depending on the phase of the drill campaign) of analyzed material. For further details, the reader is referred to the N.I. 43-101 cited above.

Qualified Person

The technical contents of this news release have been prepared under the supervision of Bill Pincus, who is an independent consultant of the Company. Mr. Pincus is a qualified person as defined by the guidelines of NI 43-101.

About Silver Elephant Mining Corp.

Silver Elephant is a silver mining company, with its flagship Pulacayo-Paca silver project in production since October 2023 in Bolivia.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
info@silverelef.com
www.silverelef.com

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information.

Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking information, including but not limited to: changes in operating plans; ability to secure sufficient financing to advance the Company's project; conditions impacting the Company's ability to mine at the project, such as unfavourable weather conditions, development of a mine plan, maintaining existing permits and receiving any new permits required for the project, and other conditions impacting mining generally; maintaining cordial business relations with strategic partners and contractual counter-parties; meeting regulatory requirements and changes thereto; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; political risk in the jurisdictions where the Company's projects are located; commodity price variation; and general market, industry and economic conditions. Additional risk factors are set out in the Company's latest annual and interim management discussion and analysis and annual information form (AIF), available on SEDAR+ at www.sedarplus.ca.

Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215225

Company Name:	Silver Elephant Mining Corp.
Stock Symbol:	ELEF:CC
Market:	TSXC
Website:	silverelef.com

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