Silver Elephant Delivers Additional High-Grade Silver Concentrate Sale in April from Its Bolivian Silver Mining Operation

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Silver Elephant Delivers Additional High-Grade Silver Concentrate Sale in April from Its Bolivian Silver Mining OperationVancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to announce that it has sold a second silver-lead concentrate lot from the Company's Apuradita Paca Mining Operation ("Apuradita") in Bolivia.The 31.6-tonne (dry basis) silver-lead concentrate grading 8,795 g/t Ag and 24% Pb was produced at a toll mill facility and sold in April 2026. Approximately 8,936 oz of silver was contained in concentrate and sold at US$74.8 per oz. The processing campaign treated approximately 1,845 tonnes of Apuradita feed grading 248 g/t Ag and 0.8% Pb.Underground mining operations at Apuradita continue at a steady rate with the Company maintaining a monthly production target of 300 tonnes of silver-bearing mineralized material for the remainder of 2026. The Company notes highly-prospective exploration potential with initial tranche results demonstrating the silver-bearing mineralization at Apuradita extends to surface, which is approximately 20 meters vertically from the tunnel. The feed tonnages may be expanded beyond 2026 as additional mineralized zones are delineated and developed.As outlined in the news release dated July 8, 2024, sulphide mineralized material at Apuradita is being extracted using the shrinkage stoping method. The two stopes are designed with approximate dimensions of 30 meters in length, 20 meters in height, and 4 meters in width, targeting an extraction rate of 20 to 40 tonnes per day. Based on historical diamond drilling and internal geological modeling, the average grade of sulphide material is 412 g/t Ag, 1.09% Pb, and 0.38% Zn (see the Company's news release dated July 8, 2024, for the underlying drill hole parameters and technical data required by National Instrument 43-101).Ongoing underground development has delineated multiple high-grade areas within the Apuradita tunnel, and the Company is advancing additional mining faces through crosscuts and drifts to access and extract silver-bearing mineralized material from these zones.In parallel, the Company has identified three distinct mineralization zones within the broader Apuradita project that are potentially amenable to open-pit mining. S...

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