Silver Elephant Mining : Announces Private Placement Offering Of Up To 15,000,000 Common Shares For Gross Proceeds Of Up To $3,300,000

Silver Elephant Mining Corp. (‘Silver Elephant’ or the ‘Company’) (TSX: ELEF) (OTCQX: SILEF) (Frankfurt: 1P2N) announces that, subject to the approval of the Toronto Stock Exchange, it proposes to undertake a non-brokered private placement of up to 15 million common shares of the Company at a price of $0.22 per Share to raise aggregate gross proceeds of up to $3,300,000.

The Shares will be subject to a hold period of four months plus one day from the date of issue.

Closing of the Placement is expected to occur on or about September 22, 2021.

The Company has engaged Canaccord Genuity Corp, and Red Cloud Securities to act as its financial advisors for the offering, and may compensate persons who act as finders in connection with the Placement and in accordance with the policies of the TSX.

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

The Placement and payment of any finder’s fees are subject to the approval of the TSX and other customary closing conditions.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration company in silver, nickel, and vanadium.