Mr. John Lee reports

SILVER ELEPHANT RESUMES OTC PINK ("SILEF") BROKER-DEALER QUOTATION

Silver Elephant Mining Corp.'s common shares have resumed broker dealer quotation on the OTC Pink market under the symbol SILEF following acceptance by the Financial Industry Regulatory Authority (FINRA) of a Form 211. This follows the company's completion of voluntary deregistration of its common shares with U.S. Securities and Exchange Commission pursuant to a Form 15 filed on Jan. 8, 2024. The company's common shares do not trade on a national stock exchange such as NYSE or NYSE American in the United States and are not otherwise required to be registered.

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.