Vancouver, British Columbia–(Newsfile Corp. – November 19, 2025) – Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) (“ Silver Elephant ” or the “ Company “) is pleased to report that the five-day hearing for its arbitration case against Andean Precious Metals Corp. (“ Andean “) was completed on November 7, 2025.

As disclosed in the Company’s news release dated February 27, 2025 and April 2, 2025, the proceedings relate to Andean’s failure to pay US$1,000,000 (the “ Additional Consideration “) to Silver Elephant under the Master Services Agreement (“ MSA “) and Sales and Purchase Agreement (“ SPA “) executed on September 11, 2023. The Additional Consideration became payable to Silver Elephant on December 18, 2024 after the price of silver averaged above US$

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