Outback Goldfields

Silver Elephant Mining Named to 2021 OTCQX Best 50

VANCOUVER, BC / ACCESSWIRE / January 28, 2021 / Silver Elephant Mining Corp. ("Silver Elephant" or "the Company") (TSX:ELEF) (OTCQX:SILEF) (Frankfurt:1P2N) is pleased to announce it has been named to the 2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2021 OTCQX Best 50 were ranked based on their performance in 2020.

Silver Elephant's chairman John Lee, CFA, states "Silver Elephant's pursuit of mass silver, nickel and vanadium metal resources in the ground has great appeal to investors looking to preserve their wealth and profit from energy metals of the future."

For the complete 2021 OTCQX Best 50 ranking, visit
https://www.otcmarkets.com/files/2021_OTCQX_Best_50.pdf.

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration company of energy metals.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

"John Lee"
Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:

+1.604.569.3661 ext. 101
This email address is being protected from spambots. You need JavaScript enabled to view it. 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.

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Silver Elephant Mining

Last Trade: C$0.385
Daily Change: 0.01 2.67
Daily Volume: 276,852
Market Cap: C$77.210M
Silver Elephant's Sunawayo Drills 3 Meters of 421g/t Silver, Multiple Intercepts over 100g/t AgEq
Silver Elephant's Greenfield Silver Discovery: Sunawayo's SWD001 Drills 137 meters of 36 g/t Silver Starting from 0 meters Depth; SWD002 Drills 31m of 67 g/t AgEq
Silver Elephant Mining Completes Acquisition of Minago Nickel Sulphide Project in Thompson Nickel Belt Manitoba, Canada
Silver Elephant Mining Closes $3,750,000 Private Placement Offering
Silver Elephant Mining Announces Private Placement Offering of Up To 10,000,000 Common Shares for Gross Proceeds of Up To $3,750,000
Silver Elephant Mining New Discovery: Drill Intercept 4.0 Meters Grading 393 g/t Silver, 3.79% Lead, 0.88% Zinc (518 g/t AgEq) at Pero Target Within Pulacayo Project
Silver Elephant Mining Signs Definitive Agreement to Acquire Minago Nickel Project in Thompson Nickel Belt Manitoba, Canada
Silver Elephant Mining Commences 2,300 meter Maiden Sunawayo Drilling Program in Bolivia
Silver Elephant Mining Completes 940m Drilling Program at the Pero Target within Pulacayo Project, Assays Pending
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Silver Elephant Mining Announces Closing of C$9.2 Million Bought Deal Public Offering, Including Full Exercise of the Over-Allotment Option

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