SILVER ELEPHANT MNG CORP - SILEF STOCK NEWS

Silver Elephant Mining Corp. (TSX:ELEF)(OTCQX:SILEF) announced promising drill results from its Sunawayo project in Bolivia, revealing significant indium and gallium mineralization. Notably, drillhole SWD002 intercepted 87 g/t indium and 7 g/t gallium over 9 meters, with a silver equivalent of 252 g/t. The results confirm extensive indium and gallium concentrations, often exceeding silver levels. The project, which includes a total of 15 drillholes, shows potential for substantial mineral deposits, although no defined mineral resources exist yet. Full assay results for remaining holes are forthcoming.

Silver Elephant Mining Corp. announced positive drill assay results from its Sunawayo project, highlighting a high-grade intercept of 645 g/t Ag and other significant minerals. The results from holes SWD011 to SWD014 indicate a broader intercept of 5.0 meters graded at 297 g/t Ag. Notably, all 14 drilled holes contain silver mineralization, confirming the project's potential for mineral deposits.

Assay results for additional minerals, including indium and gallium, are pending as the company submitted samples for further analysis.

Silver Elephant Mining Corp. (OTCQX:SILEF) has reported significant silver mineralization at its Sunawayo project in Bolivia. The initial drill holes, SWD001 and SWD002, yielded impressive results: 137 meters of mineralization at 36 g/t silver and 31 meters at 44 g/t silver, respectively. The ongoing drilling program aims to further explore the silver resources, with potential implications for future growth. The Company's strategy includes focusing on Sunawayo while it is financed by top Canadian investment banks, indicating strong support for its operations.

Silver Elephant Mining Corp. has successfully acquired the Minago nickel project from Victory Nickel for a total of US$11,675,000. The project includes the Nose deposit, which features 790 million pounds of historic nickel resource. The transaction involves a Property Payment of US$6,675,000 against Victory Nickel's secured debt and US$5,000,000 worth of common shares to be issued over the year. Post-acquisition, Silver Elephant will own approximately 29% of Victory Nickel's shares, expanding its resource portfolio significantly.

Silver Elephant Mining Corp. (ELEF) has filed an early warning report under NI 62-103 following its acquisition of 40,000,000 common shares of Victory Nickel Inc. (VN) for $1,000,000 at $0.025 per Share. The acquisition was finalized on February 8, 2021, making ELEF a holder of approximately 29.0% of VN's outstanding shares. ELEF plans to evaluate its investment and may adjust its holdings. A voting trust agreement between ELEF and VN has been established, ensuring that ELEF votes in line with VN's directives.

Silver Elephant Mining Corp. (TSX:ELEF)(OTCQX:SILEF) has successfully closed its non-brokered private placement, raising $3,750,000 by issuing 10,000,001 common shares at $0.375 per share. After this placement, the company has 192,895,079 shares outstanding. The funds will be allocated for exploration, working capital, and general corporate purposes, including project evaluations and acquisitions. A finder’s fee of $73,875 was also paid. The shares will be subject to a four-month hold period.

Silver Elephant Mining Corp. (SILEF) announced the complete assay results from its diamond drill program at the Paca silver-lead-zinc deposit in Bolivia. All five drill holes showed mineralization, with PND115 reporting 66 meters at 75g/t silver equivalent and PND118 showing 112 meters at 50g/t. The company has $9 million in treasury and plans for further drilling in 2021 to expand its current resource base of 106.7 million oz indicated silver. The mineralization remains open to the north and east, enhancing the potential for growth.

Silver Elephant Mining Corp. (SILEF) announced results from its diamond drill program at the El Triunfo project in Bolivia. Borehole TR007 reported 48.9 meters of mineralization with grades of 0.42 g/t gold, 35.5 g/t silver, 1.17% zinc, and 0.83% lead (1.45 g/t AuEq). The program demonstrates broad continuity of mineralization over 225 meters, with potential for further exploration. The upcoming drilling phase is planned for the first half of 2021. Quality control measures in sampling and analysis adhere to industry standards.

Silver Elephant Mining Corp. has completed a bought deal offering, issuing 23 million common shares at a price of C$0.40 each, raising C$9.2 million in gross proceeds. The offering was led by Mackie Research Capital and included an over-allotment option. Proceeds will fund the exploration and development of the company’s mineral properties and support working capital needs. Investors should consider the associated risks and uncertainties outlined in the company’s forward-looking statements.