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ELEF.TO ·

Silver Elephant Announces Management Departure

Corporate Updates

Silver Elephant Announces Management Departure

Vancouver, British Columbia, June 18, 2025 — Silver Elephant Mining Corp. (“Silver

Elephant” or the “Company”) (TSX: ELEF, OTCQB: SILEF, Frankfurt: 1P2) announce s that,

effective July 1, 2025, Rob Van Drunen will step down as the Company’s Chief Operating Officer

for personal reasons. The Board wishes to thank Mr . Van Drunen for his valuable contributions

to the Company. The change is not expected to affect Company operations.

Mr. John Lee, the Company’s CEO will assume his duties to ensure an orderly transition.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with gold and silver projects 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”

CEO and Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:

+1.604.569.3661

[email protected]

www.silverelef.com

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking informa tion” and “forward-looking statements”

(collectively, “forward-looking information”) withi n the meaning of applicable securities laws.

Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,”

“will,” “anticipates,” “intends,” “could”, “estimat es”, “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 an d uncertainties which may cause the

actual results, performance, or achievements to be materially different from future results,

performance, or achievements expressed or implied b y such forward-looking information.

Forward-looking statements include the resignation of the Company’s COO not having any effect

on the Company’s operations.

Forward-looking statements involve significant risks and uncertainties and should not be read as

guarantees 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 statements,

including but not limited to: market conditions; ch anges in business plans; ability to secure

sufficient financing to advance the Company’s mining projects; and general economic conditions.

Additional risk factors about the Company are set o ut in its latest annual and interim

management’s discussion and analysis and annual inf ormation form available under the

Company’s profile 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. Reader s 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.