Silver Elephant Shareholders Pass All Resolutions at 2020 Annual General and Special Meeting

VANCOUVER, BC / ACCESSWIRE / July 7, 2020 / Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) is pleased to report that all proposed resolutions were approved at the Company's Annual General and Special Meeting of shareholders held on July 7, 2020, via teleconference (the "Meeting"). Voting Results were as follows:

Notes:

1. The percentages reported are calculated on the votes cast in person and by proxy at the Meeting which total 37,788,046 with respect to the above motion.
2. 9,110,231 shares held by Insiders were excluded from the calculation of the voting results.
3. There were 14,592,511 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
4. There were 14,592,510 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
5. There were 14,592,511 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
6. There were 14,592,510 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
7. There were 14,592,510 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
8. There were 14,592,511 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
9. There were 14,592,511 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.

A report on voting results on all matters voted on at the meeting have been filed on SEDAR at www.sedar.com.

The Company had previously received conditional approval from the TSX to amend the exercise price of an aggregate of 24,318,927 previously issued common share purchase warrants (the "Original Warrants") of the Company to $0.26 (the "Amendment") pending shareholder approval of the Amendment. Pursuant to the passing of the ordinary resolution approving the Amendment, the Original Warrants will be cancelled and replaced with amended common share purchase warrants repriced to $0.26 (the "Amended Warrants"), which Amended Warrants shall become effective 10 days from the date of this news release being July 7, 2020. All other terms of the Amended Warrants are unchanged from the Original Warrants and remain in full effect.

About Silver Elephant

Silver Elephant is developing its premier Pulacayo silver project in Bolivia. Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD
"Michael Doolin"
Chief Executive Officer

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
[email protected] www.silverelef.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Silver Elephant Mining Corp.