Mr. Jason Powell reports

ORACLE COMMODITY HOLDING RECEIVES FINAL APPROVAL FOR THE AMENDED ROYALTY AGREEMENTS WITH SILVER ELEPHANT

The TSX Venture Exchange has granted final approval for the amended and restated net smelter return royalty agreements with Silver Elephant Mining Corp. as previously announced on Aug. 29, 2025, and further clarified on Nov. 19, 2025.

The amended agreements shall replace and consolidate the prior royalty arrangements relating to Silver Elephant's Mongolian coal properties and Bolivian silver properties.

Silver Elephant continues to guarantee the payment of royalties owing under the amended agreements on behalf of its applicable subsidiaries, which are the royalty payers.

The amended agreements constitute related-party transactions within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Oracle Commodity Holding relied on available exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in respect of the amended agreements.

About Oracle Commodity Holding Corp.

Oracle Commodity is a mining royalty company holding royalties on several precious metal and critical mineral mining projects.