Mr. John Lee reports

SILVER ELEPHANT REPORTS SHAREHOLDER MEETING RESULTS

All resolutions put forward at the annual general and special meeting of Silver Elephant Mining Corp.'s shareholders held on Sept. 25, 2025, as described in the company's information circular dated Aug. 15, 2025, were approved. A summary of the results is set out below:

• Number of directors: set the number of directors at four;
• Election of directors: the nominees listed in the circular all elected as directors until the next annual general meeting of the shareholders. Detailed results of the vote are set out in the attached table;
• Approved the appointment of Mao & Ying LLP, chartered professional accountants, as the auditor of the company and authorizing the directors to fix the remuneration to be paid to Mao & Ying;
• Approved certain amendments to the articles of the company, as more particularly described in the information circular dated Aug. 15, 2025;
• Approved, as a disinterested shareholder resolution, amendment to the warrant exercise price for warrants issued to insiders of the company, as more particularly described in the information circular dated Aug. 15, 2025;
• Approved, as a disinterested shareholder resolution, the removal of a warrant exercise limitation that is currently applicable to the company's 10-per-cent shareholder, as more particularly described in the information circular dated Aug. 15, 2025.

For more information on the voting results, please see the report of voting results, which is available on SEDAR+.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.