Silver Elephant Resumes OTC Pink (“SILEF”) Broker-Dealer Quotation

Vancouver, British Columbia, May 13, 2024 — Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX: ELEF, OTC PINK:SILEF, FSE: 1P2) is pleased to announce that its 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 January 18, 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.

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