Mr. Masateru Igata of Cleantech reports

CLEANTECH ACQUIRES RIGHTS TO EL TRIUNFO GOLD-ANTIMONY PROJECT IN BOLIVIA FROM SILVER ELEPHANT

Further to the joint press release dated April 8, 2025, Silver Elephant Mining Corp. and Cleantech Vanadium Mining Corp. have closed the transaction (as defined below) whereby Cleantech was assigned an option to purchase El Triunfo gold and antimony project located in the Bolivian department of La Paz, about 75 kilometres to the east of Bolivia's capital city of La Paz and spanning an area of approximately 256 hectares.

On April 8, 2025, Silver Elephant and Cleantech entered into an option assignment agreement pursuant to which Silver Elephant assigned its rights in and to an option agreement dated July 10, 2020, pursuant to which Silver Elephant has the right, through a wholly owned subsidiary of Silver Elephant, to acquire 100 per cent of the equity interests in the capital of Mururata SRL, a commercial society existing pursuant to the laws of Bolivia that owns certain Bolivian mining rights that comprise the Triunfo project, to Cleantech in consideration for the payment of $155,000 in cash.

Oracle Commodity Holding Corp. is a control person of Cleantech, holding 42,799,502 common shares of Cleantech. Silver Elephant is a control person of Oracle, holding 28,793,110 common shares of Oracle. As such, Cleantech and Silver Elephant are related parties to each other within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Cleantech will rely on the exemptions from the formal valuation and minority approval requirements of MI 61-10 (and Policy 5.9 of the TSX Venture Exchange) as the fair market value of the consideration paid for the transaction does not exceed 25 per cent of Cleantech's market capitalization (using a listed share price of 4.5 cents as of market close on Aug. 5, 2025, and a listed shares outstanding of 143,376,716, the market capitalization of Cleantech on Aug. 5, 2025, is approximately $6,451,952).

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with precious metal projects in Bolivia.

About Cleantech Vanadium Mining Corp.

Cleantech is an exploration-stage mining company focused on critical mineral resources in the United States. Cleantech owns a 100-per-cent interest in the Gibellini vanadium mine project in Nevada and an option to acquire a 100-per-cent interest in the Campbell Crotser fluorspar project in Kentucky.

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