Silver Elephant Announces Management Departure

Rhea-AI Summary

Silver Elephant Mining Corp. (SILEF) has announced that Chief Operating Officer Rob Van Drunen will step down from his position effective July 1, 2025, citing personal reasons. CEO John Lee will assume Van Drunen's duties to ensure a smooth transition of operations. The company states that this management change is not expected to impact company operations. The Board of Directors has expressed gratitude for Van Drunen's contributions to the company during his tenure.

Positive

• None.

Negative

• Loss of key executive with COO Rob Van Drunen stepping down
• Additional responsibilities for CEO John Lee could impact leadership focus

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that, effective July 1, 2025, Rob Van Drunen will step down as the Company's Chief Operating Officer for personal reasons. The Board wishes to thank Mr. Van Drunen for his valuable contributions to the Company. The change is not expected to affect Company operations.

Mr. John Lee, the Company's CEO will assume his duties to ensure an orderly transition.

About Silver Elephant Mining Corp.

Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.

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

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

"John Lee"

CEO and Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661

info@silverelef.com
www.silverelef.com

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking statements include the resignation of the Company's COO not having any effect on the Company's operations.

Forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at www.sedarplus.ca.

Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256044

FAQ

Why is Rob Van Drunen leaving Silver Elephant Mining (SILEF)?

Rob Van Drunen is stepping down as COO of Silver Elephant Mining effective July 1, 2025, for personal reasons.

Who will replace Rob Van Drunen as COO of Silver Elephant Mining?

CEO John Lee will assume the COO duties to ensure an orderly transition of operations.

When will Rob Van Drunen's departure from Silver Elephant Mining take effect?

Rob Van Drunen's departure as COO will take effect on July 1, 2025.

Will Rob Van Drunen's departure affect Silver Elephant Mining's operations?

According to the company, the management change is not expected to affect company operations.