Mr. John Lee reports

SILVER ELEPHANT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF $210,000

Silver Elephant Mining Corp. proposes to undertake a non-brokered private placement to raise gross proceeds of $210,000 through the sale of 700,000 units at a price of 30 cents per unit. Each unit consists of one common share of the company and one-half of one share purchase warrant with each whole warrant entitling the holder to purchase one additional common share of the company at a price of 45 cents per share for a period of three years from issuance.

The securities issued as part of the private placement will be subject to a regulatory hold period of four months plus one day from the date of issue.

Proceeds of the placement are expected to be used for working capital and general corporate purposes.

The private placement is subject to Toronto Stock Exchange approval.

The directors of the company will be subscribing for, in the aggregate, up to 495,700 units for gross proceeds of up to $148,710. The issuance of units to insiders pursuant to the placement will be considered related party transactions within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the placement by insiders will not exceed 25 per cent of the fair market value of the company's market capitalization. The company will file a material change report in respect of the related party transactions in connection with the placement.

About Silver Elephant Mining Corp.

Silver Elephant is a silver mining and exploration company, with its flagship Pulacayo silver project in Bolivia.

We seek Safe Harbor.