Silver Elephant Announces Proposed Extension to 960,000 Warrants
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Silver Elephant Announces Proposed
Extension to 960,000 Warrants
Vancouver, British Columbia, February 1, 2023 – Silver Elephant Mining Corp. (“Silver Elephant”
or the “Company”) (TSX: ELEF, OTCQX: SILEF, Frankfurt:1P2N) announces that it plans to extend, in
the aggregate, the term of 960,000 outstanding warrants by an additional two years. In May 2020, the
Company conducted a private placement whereby it issued 1,520,000 share purchase warrants (the
“May 2020 Warrants”) exercisable at a price of $1.60 per share (on a post-consolidated basis) with a
three year term, of which 463,800 warrants are due to expire on May 1, 2023 and 496,200 are due to
expire on May 20, 2023. The remaining 560,000 warrants from the May 2020 Warrants have already
been exercised prior to the date of this news release. No insiders of the Company hold any of these
warrants and the extension of these warrants are subject to the approval of the Toronto Stock Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “ U.S. Securities Act ”) or any state securities laws and
may not be offered or sold within the United States unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
About Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and exploration company, with its flagship
Pulacayo silver project in Bolivia. It also owns 100% of Mega Thermal Coal Corp and 39% of Oracle
Commodity Holding Corp. (“Oracle”). Oracle has equity and royalty investments in nickel and vanadium
mining.
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
[email protected] www.silverelef.com
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such
as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and
statements related to matters which are not historical facts, are forward-looking information within the
meaning of applicable securities laws. Such forward-looking statements, which reflect management’s
expectations regarding Silver Elephant’s future growth, results of operations, performance, business
prospects and opportunities, are based on certain factors and assumptions and involve known and
unknown risks and uncertainties which may cause the actual results, performance, or achievements to
be materially different from future results, performance, or achievements expressed or implied by such
forward-looking statements.
These factors should be considered carefully, and readers should not place undue reliance on the Silver
Elephant’s forward-looking statements. Silver Elephant believes that the expectations reflected in the
forward-looking statements contained in this news release and the documents incorporated by reference
herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In
addition, although Silver Elephant has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward looking statements, there
may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
Silver Elephant undertakes no obligation to release publicly any future revisions to forward-looking
statements to reflect events or circumstances after the date of this news or to reflect the occurrence of
unanticipated events, except as expressly required by law.