Vancouver, British Columbia--(Newsfile Corp. - July 8, 2024) - Silver Elephant Mining Corp. (TSX: ELEF) (OTC Pink: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce it intends to begin phase one mining of sulphide materials this year at its Paca silver project in Potosi department in Bolivia.

The company has completed design for a phase one underground mine plan at Paca aimed at extracting approximately 10,000 tonnes of mineralized materials. The objective is to generate cashflow, and verify the Paca resource model. The Paca sulphide project is outside the of scope of the oxide sales and purchase agreement and master services agreement with Andean Precious Metals Corp. ("Andean") detailed in the news release dated September 12, 2023.

Phase one of the project plan is expected to last approximately 5 months, beginning in September 2024, starting with the development of a 367-meter tunnel at level 0 with dimensions of 2.4 meters height x 2.5 meters width at a 1% inclination into the Paca dome mineralization. The total length of the tunnel will cross an estimated waste section of 160 meters and mineral section of 207 meters.

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