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Silver Elephant Reports Fatality at Bolivian Operation

Mine Development & Operations

Silver Elephant Reports Fatality at Bolivian Operation

Vancouver, British Columbia, February 21, 2025 — Silver Elephant Mining Corp. (“Silver

Elephant” or the “Company”) (TSX: ELEF, OTCQB: SILEF, Frankfurt:1P2) regrets t o report

that an employee of the Company was fatally injured at the Company’s Paca Silver Project in

Bolivia on February 19, 2025.

A mine worker was involved in a fatal accident due to a catastrophic failure of a pressurized water

tank while the worker was in close proximity. Appropriate government authorities and family were

notified, and an investigation is underway to determine the root cause of the accident.

“We are saddened by this loss and our thoughts and deepest condolences are with our

employee’s family, friends and colleagues during this difficult time.” said John Lee, CEO of Silver

Elephant. “The Company’s top priority is to ensure the employee’s family receives all the

necessary assistance while we thoroughly investigate what led to this accident, reinforce safety

protocols, and implement additional safeguards to prevent future incidents.”

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company wi th the Paca silver project and Triunfo gold

project 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 ext. 101

[email protected]

www.silverelef.com