Vancouver, British Columbia, January 25, 2022 – Silver Elephant Mining Corp. (“Silver Elephant”
or the “Company”) (TSX:ELEF, OTCQX:SILED, Frankfurt:1P2N) announces that it has commenced a
1,500 meter drilling program on its El Triunfo Gold-Silver Project, located approximately 75 kilometers
east of La Paz, Bolivia. The program will probe several prospective induced polarisation (“IP”)
geophysical anomalies detected in late 2021 (“Triunfo East”). The IP anomalies are coincident with
surface Au-Ag mineralization that was observed during a geological mapping field program in early 2021.
The drilling program is a follow-up to the Company’s maiden drill program in 2020 where three of the four
wide-spaced diamond drill holes intercepted mineralization, starting from surface across a 750 meter
mineralized trend (“Triunfo West”). Triunfo West is where artisanal mining and all prior drilling had
occurred, including TR007, which encountered 98.9 meters of 1 g/t AuEq* (0.4g/t Au, 23 g/t Ag, 0.74% Zn,
0.58% Pb (see Company’s press release dated November 25, 2020)).
Triunfo East, the primary focus of the Company’s current drill campaign, is a 2.2 kilometer extension to
Triunfo West, and is separated by a fault that resulted in this area being overlooked and unexplored until
now. Triunfo East has never been mined or drilled and has returned high-grade gold surface samples,
which bears similar geological traits as Triunfo West.
Highlights from Triunfo East sampling from the 2021 mapping program are shown below:
El Triunfo East Sampling Results
Sample No. Type Width (m) Au (g/t) Ag (g/t) Zn % Pb % AuEq* (g/t)
3495 CHIP 0.6 4.3 173 0.07 2.5 6.8
3494 CHIP 1 2.4 34.4 0.12 0.55 3
3477 CHIP 1.1 2.3 44.9 5.88 6.57 6.9
6558 CHIP 2.4 1.9 1.1 0 0 1.9
6572 CHIP 1.9 1.4 0.6 0 0 1.4
3488 CHIP 1 0.9 8 0 0 1
3500 CHIP 2.2 0.9 187 4.48 5.4 6
6503 CHIP 1 0.7 15.4 0.32 1 1.3
3499 CHIP 2.6 0.7 38 0.06 1.03 1.4
6582 CHIP 0.3 0.7 294 2.09 6.11 6.3
6551 CHIP 5 0.6 0.9 0 0.01 0.7
3487 CHIP 3.9 0.6 0.7 0 0 0.6
6566 CHIP 4.7 0.5 0.5 0 0 0.5
6573 CHIP 1.1 0.5 0.5 0 0 0.5
3475 CHIP 3 0.5 124 0.9 4.74 3.5
6517 CHIP 1.1 0.3 24 3.08 0.76 1.9
*AuEq: Gold equivalent calculation uses a gold price of $1,795, a zinc price of $0.93, a lead price of
$0.80, and a silver price of $18.30 (all USD) and assumes a 100% metallurgical recovery. Gold equivalent
1 / 3
Silver Elephant Mining Corp
https://www.silverelef.com
values can be calculated using the following formula: AuEq = Au g/t + (Ag g/t x 0.0102) + (Zn % x 0.3551)
+ (Pb % x 0.3055).
Triunfo East and Triunfo West will have a combined strike length of over 3 kilometers, having a good
prospect of a potentially large, bulk-mining project.
Visit www.silverelef.com for El Triunfo maps.
Quality Assurance and Quality Control
Silver Elephant adopts industry-recognized best practices in its implementation of QA/QC methods. Rock
chip samples average between 5-7 kilograms. Samples are shipped to ALS Global Laboratories in Ururo,
Bolivia for preparation and then shipped to ALS Global laboratories in Lima, Peru for analysis. Samples
are analyzed using Intermediate Level Four Acid Digestion. Silver overlimits (“ore grade”) are analyzed
using fire assay with a gravimetric finish. The ALS Laboratories sample management system meets all the
requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. All ALS geochemical
hub laboratories are accredited to ISO/IEC 17025:2017 for specific analytical procedures. A geochemical
standard control samples are inserted into the sample stream. The laboratory also includes duplicates of
samples, standards and blanks for additional QA/QC. Check assays are reviewed prior to the release of
data. Assays are also reviewed for their geological context and checked against field descriptions.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Danniel
Oosterman, VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by
it. Mr. Oosterman is a qualified person as defined by the guidelines in NI 43-101.

About
Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and exploration, and owns 39% of Battery Metals Royalties Corp.

Further information on Silver Elephant and Battery Metals Royalties can be found at www.silverelef.com
and www.royalbatt.com
SILVER ELEPHANT MINING CO