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Silver Elephant Mining Announces Appointment of Douglas M. Flett, J.D. to Board of Directors and Adrian Lupascu as VP Exploration

VANCOUVER, British Columbia–(Newsfile Corp. – April 19, 2023)- Silver Elephant Mining Corporation (TSX: ELEF) (OTCQX: SILEF) (FSE: 1P2) (“Silver Elephant” or “we”) is pleased to announce the appointment of Douglas M. Frett, JD, to its Board of Directors. Douglas M. Flett, JD, has served on the Board of KWG Resource Inc. since 2006 and currently serves as Chairman of the Board. He has also served as a director of Tartisan Nickel Corp. since 2006 and is a member of both companies’ Compensation and Audit Committees. He is a former president and director of Fletcher Nickel Inc. and a former director of Debut Diamonds Inc. A Juris Doctor, Douglas M. Flett graduated from the University of Windsor Law School in 1972 and was called to the legal profession (Ontario) in 1974. He practiced law at his own corporate and commercial law firm until 1996, when he retired from his lawyer for a career in the resources industry. He continues to be a member of the Ontario Law Association. He also completed his program at the Rotman Institute of Corporate Directors SME.

Additionally, the Company is announcing the appointment of Adrian Lupascu as the Company’s Vice President of Exploration, effective April 24, 2023. He holds a Bachelor’s degree in Geotechnical Engineering and a Master’s degree in Geochemistry. As a seasoned geologist and engineer, he has over 20 years of experience in mining exploration and development of nickel, his platinum group metals, and other precious and base metal projects.

Adrian previously worked for Glencore, Agnico Eagle, Goldcorp and Nyrstar. Adrian has hands-on skills including managing on-site diamond drilling and production blasting, geological modeling, managing quality assurance/quality control standards, working in geochemical laboratories, and engaging with the community.

About Silver Elephant Mining Corp.

Silver Elephant Mining Corp. is a leading silver mining and exploration company with the flagship Pulacayo silver project in Bolivia. It also owns 100% of Mega Thermal Coal Corp. and 39% of Oracle Commodity Holding Corp. (“Oracle”). Oracle makes equity and royalty investments in nickel and vanadium mining companies.

For more information on Silver Elephant, please visit: www.silverref.com.

Silver Elephant Mining Co., Ltd.

On behalf of the Board of Directors

John Lee
CEO

For more information on Silver Elephant, please contact IR.
+1.604.569.3661 Ext. 101
This email address is being protected from spambots. JavaScript must be enabled to view. / www.silverref.com

Neither the Toronto Stock Exchange nor its regulatory service providers (as that term is defined in Toronto Stock Exchange Policy) assumes responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements and advice to readers

Certain statements contained in this or other news releases, including, but not limited to, statements regarding the debt settlement, the terms of the debt settlement, the completion of the debt settlement, and statements that may include the word “expect” , “anticipates,” “intends,” “plans,” “believes,” “estimates,” “targets,” or similar expressions, and statements regarding matters that are not historical facts, are forward-looking statements. This is information about the outlook for . Within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding any of Silver Elephant’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involves known and unknown risks and uncertainties that may result in , performance or achievements materially different from any 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 Silver Elephant’s forward-looking statements. Silver Elephant believes that the forward-looking statements contained in this news release and the expectations reflected in the documents incorporated herein by reference are reasonable based on the information available. However, there is no guarantee that these conjectures will prove correct. In addition, Silver Elephant has attempted to identify important factors that could cause its actual actions, events or results to differ materially from those set forth in the forward-looking statements, but the actions, events or Or there may be other factors that cause results to differ from expectations. presumed or intended. Silver Elephant makes no forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events, except as expressly required by law. We undertake no obligation to publicly release any revisions of

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