Mr. John Lee reports

SILVER ELEPHANT ANNOUNCES ANNUAL GENERAL & SPECIAL MEETING VOTING RESULTS

All resolutions put forward at the annual general and special meeting of Silver Elephant Mining Corp.'s shareholders held on Sept. 25, 2024, as described in the company's information circular dated Aug. 9, 2024, were approved. A summary of the results are set out below:

• Number of directions: The number of directors was set at four.
• Election of directors: the nominees listed in the circular were all elected as directors until the next annual general meeting of the shareholders. Detailed results of the vote are set out in the attached table.
• Auditor: Shareholders approved the appointment of Mao & Ying LLP, chartered professional accountants, as the auditor of the company, and authorized the directors to fix the remuneration to be paid to Mao & Ying.
• Stock option plan: Shareholders reapproved the company's 2021 stock option plan, as more particularly described in the information circular dated Aug. 9, 2024.

For more information on the voting results, please see the report of voting results, which is available on SEDAR+.

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.