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Silver Elephant Named to 2021 OTCQX Best 50

Marketing Announcement

Silver Elephant Named to 2021 OTCQX Best 50

Vancouver, British Columbia, January 28, 2021 – Silver Elephant Mining Corp. (“Silver Elephant” or “the

Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to announce it has been named to the

2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX

market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar

volume growth in the previous calendar year. Companies in the 2021 OTCQX Best 50 were ranked based on

their performance in 2020.

Silver Elephant’s chairman John Lee, CFA, states “Silver Elephant’s pursuit of mass silver, nickel and vanadium

metal resources in the ground has great appeal to investors looking to preserve their wealth and profit from

energy metals of the future.”

For the complete 2021 OTCQX Best 50 ranking, visit

https://www.otcmarkets.com/files/2021_OTCQX_Best_50.pdf.

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global

companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best

practice corporate governance, and demonstrate compliance with applicable securities laws.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration company of energy metals.

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.