Andean Precious Metals Signs Five-Year Exclusive Agreement to Purchase Up to 800,000 Tonnes of Oxide Material from the Paca Silver Project in Bolivia

Silver Elephant Mining Corp. is a Canada-based silver mining and exploration company. The Company’s primary project is the Pulacayo silver project in Bolivia. The Pulacayo Paca Project comprises seven mining concessions covering an area of approximately 3,560 hectares of contiguous areas centered on the historical Pulacayo mine and town site. The Pulacayo Paca Project is located 18 kilometers (km) east of the town of Uyuni in the Department of Potosi, in southwestern Bolivia. Its Triunfo Project area covers approximately 256 hectares located in the La Paz Department, which is located about 75 km to the east of the city of La Paz, Bolivia. Its projects also include Minago nickel property in Canada (the Minago Project), and the Gibellini vanadium property in Nevada, United States (the Gibellini Project). The Company also owns or holds 100% interests in the projects: the Ulaan Ovoo coal project located in Mongolia, and the Chandgana Khavtgai and Tal coal projects, located in Mongolia.