Mr. John Lee reports

SILVER ELEPHANT INCREASES NON-BROKERED PRIVATE PLACEMENT TO $465,000

Further to Silver Elephant Mining Corp.'s news release dated Jan. 16, 2025, and Jan. 27, 2025, it has increased the size of the private placement to 3.1 million units for aggregate gross proceeds of $465,000 at a price of 15 cents per unit. Each unit consists of one common share of the company and one share purchase warrant with each warrant entitling the holder to purchase one additional share at a price of 30 cents per share for a period of three years from issuance.

The increase is subject to approval by the Toronto Stock Exchange.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with the Paca silver project and Triunfo gold project in Bolivia.

We seek Safe Harbor.