Silver Elephant Delivers 836,243 oz of Silver Since October 2023, Plans Expansion by Year-End

Vancouver, British Columbia–(Newsfile Corp. – August 14, 2024) – Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) (“Silver Elephant” or the “Company”)
In July 2024, the Company announced that it had mined a total of 27,066 tonnes of Paca oxide materials from its Pulacayo-Paca silver project at an average grade of 175.5 g/t silver (“Products”) and trucked the Products to Andean Precious Metals Corp. (“Andean”) in the Potosi Department of Bolivia. The Company has mined and shipped over 154,800 tonnes of silver-bearing oxide materials at an average grade of 177.4 g/t silver without any lost time incidents since Paca began operations in October 2023.

John Lee, CEO of Silver Elephant, commented: “In July, Silver Elephant consistently produced 1,000 tonnes per day over a 27-day operating schedule at the company’s Paca project in Bolivia, while maintaining positive relationships with the Pulacayo community. Silver Elephant has contributed significant tax and royalty revenues to the Bolivian government based on production of 836,243 ounces of silver over the past 9 months through end-July 2024.