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

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:SILEF, Frankfurt:1P2N) 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 th e 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 no t 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 it s 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

[email protected] www.silverelef .com