Mr. John Lee reports

SILVER ELEPHANT CLARIFIES ITS OTCQX TRADING SYMBOL AS SILED UNTIL FEBRUARY 14TH, 2022

Silver Elephant Mining Corp. wishes to make a clarification concerning its news release dated Jan. 17, 2022.

The trading symbol for the company's common shares on the OTCQX has changed to SILED until Feb. 14, 2022, which is 20 business days after trading commenced in the company's common shares on a postarrangement and postconsolidation basis on the Toronto Stock Exchange. As of Feb. 15, 2022, the company's trading symbol will revert back to SILEF. The Jan. 17, 2022, news release incorrectly stated that the trading symbol would be changed to SILEFD.

In addition, the company is pleased to announce that it has appointed Cindy Waterman as its new corporate secretary, replacing Flora Lo. Ms. Waterman was most recently the corporate secretary for Teranga Gold Corp. until its acquisition by Endeavour Mining Corp.

About Silver Elephant Mining Corp.

Silver Elephant Mining is a premier silver mining and exploration and owns 39 per cent of Battery Metals Royalties Corp.