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Silver Elephant Completes First High-Grade Silver Concentrate Sale from Apuradita Mining Operation

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Silver Elephant (OTCQB: SILEF) completed its first 29.8-tonne silver-lead concentrate sale from the Apuradita Paca project on November 19, 2025, at pricing of US$47.4/oz Ag and US$0.90/lb Pb. Assays returned concentrate grades of 5,853 g/t Ag and 14.9% Pb, consistent with internal metallurgical forecasts.

Mining continues with a forecasted monthly production target of 1,000–1,500 tonnes of silver-bearing material and an estimated 10,000 tonnes of feed in the initial six-month campaign. Extracted sulphide material average grades cited: 412 g/t Ag, 1.09% Pb, and 0.38% Zn. The company is developing additional faces and exploring near-surface oxide layers while engaging potential third-party processors for oxide material.

Silver Elephant (OTCQB: SILEF) ha completato la sua prima vendita di concentrato argento-plombo da 29,8 tonnellate dal progetto Apuradita Paca il 19 novembre 2025, a una quotazione di US$47,4/oz Ag e US$0,90/lb Pb. Le analisi hanno riportato gradi del concentrato di 5.853 g/t Ag e 14,9% Pb, coerenti con le previsioni metallurgiche interne.

La miniera continua con un obiettivo di produzione mensile forecast di 1.000–1.500 tonnellate di materiale contenente argento e una stima di 10.000 tonnellate di alimentazione nella campagna iniziale di sei mesi. I gradi medi del materiale di solfuri estratto segnalati: 412 g/t Ag, 1,09% Pb, e 0,38% Zn. L'azienda sta sviluppando ulteriori volti (facce) ed esplorando strati di ossido vicino alla superficie, mentre coinvolge potenziali processori terzi per il materiale ossido.

Silver Elephant (OTCQB: SILEF) completó su primera venta de concentrado de plata-plomo de 29,8 toneladas del proyecto Apuradita Paca el 19 de noviembre de 2025, a un precio de US$47,4/oz Ag y US$0,90/lb Pb. Los ensayos mostraron concentrado con rendimientos de 5.853 g/t Ag y 14,9% Pb, consistentes con las previsiones metalúrgicas internas.

La extracción continúa con un objetivo de producción mensual previsto de 1.000–1.500 toneladas de material que contiene plata y una estimación de 10.000 toneladas de alimentación en la campaña inicial de seis meses. Los promedios de sulfuros extraídos citados: 412 g/t Ag, 1,09% Pb, y 0,38% Zn. La compañía está desarrollando caras adicionales y explorando capas de óxido cercanas a la superficie, mientras busca posibles procesadores externos para el material de óxido.

Silver Elephant (OTCQB: SILEF)는 2025년 11월 19일 Apuradita Paca 프로젝트에서 29.8톤의 은-납 농축광의 첫 판매를 완료했고 가격은 US$47.4/oz AgUS$0.90/lb Pb였습니다. 분석 결과 농축물 품질은 5,853 g/t Ag14.9% Pb로 내부 금속공학 예측과 일치했습니다.

광산 채굴은 매월 1,000–1,500 톤의 은 함유 물질 생산과 초기 6개월 캠페인에서 10,000 톤의 공급분을 목표로 계속됩니다. 추출된 황화광의 평균 품질은 412 g/t Ag, 1.09% Pb, 및 0.38% Zn로 보고되었습니다. 회사는 추가 작업면을 개발하고 지표면 인접의 산화층을 탐색하는 한편 산화 물질의 제3자 가공업체를 모색하고 있습니다.

Silver Elephant (OTCQB: SILEF) a finalisé sa première vente de concentré argent-plomb pesant 29,8 tonnes du projet Apuradita Paca le 19 novembre 2025, à un prix de US$47,4/oz Ag et US$0,90/lb Pb. Les analyses ont retourné des rendements de concentré de 5 853 g/t Ag et 14,9% Pb, conformes aux prévisions métallurgiques internes.

L'exploitation se poursuit avec un objectif de production mensuelle prévisionnel de 1 000–1 500 tonnes de matériau argentifère et une estimation de 10 000 tonnes d'alimentation au cours de la campagne initiale de six mois. Les teneurs en sulfures extraits indiquent : 412 g/t Ag, 1,09% Pb, et 0,38% Zn. La société développe d'autres faces et explore les couches d'oxyde proches de la surface tout en recherchant des processeurs tiers potentiels pour le matériau oxydé.

Silver Elephant (OTCQB: SILEF) hat seinen ersten 29,8-Tonnen Silber-Blei-Konzentrataushuss aus dem Projekt Apuradita Paca am 19. November 2025 abgeschlossen, zu Preisen von US$47,4/oz Ag und US$0,90/lb Pb. Die Assays ergaben Konzentratraten von 5.853 g/t Ag und 14,9% Pb, konsistent mit internen metallurgischen Prognosen.

Der Abbau geht weiter mit einem prognostizierten monatlichen Produktionsziel von 1.000–1.500 Tonnen silberführendes Material und einer geschätzten 10.000 Tonnen Zufuhr im ersten sechsmonatigen Kampagnenzeitraum. Die extrahierten Sulfid-Materialdurchschnitte: 412 g/t Ag, 1,09% Pb, und 0,38% Zn. Das Unternehmen entwickelt weitere Flächen und erkundet Oberflächenoxidlagen, während es potenzielle Drittverarbeiter für Oxidmaterial in Betracht zieht.

Silver Elephant (OTCQB: SILEF) أكملت أول بيع لـ 29.8 طنًا من تركيز الفضة-الرصاص من مشروع Apuradita Paca في 19 نوفمبر 2025، بسعر US$47.4/أونصة Ag و US$0.90/باوند Pb. أظهرت الاختبارات درجات تركيز في الكنازك بـ 5,853 ج/ط فِئة Ag و 14.9% Pb، متوافقة مع التوقعات الميتالورجية الداخلية.

يستمر التعدين مع هدف إنتاج شهري مقداره 1,000–1,500 طن من المادة المحتوية على الفضة وتقدير 10,000 طن من التغذية في حملة الستة أشهر الأولى. ذكرت درجات الكبريت المصاحب المستخرجة: 412 ج/ط فِئة Ag، 1.09% Pb، و 0.38% Zn. تعمل الشركة على تطوير وجوه إضافية واستكشاف طبقات أكسيد قريبة من السطح بينما تبحث عن معالِجات طرف ثالث محتملة للمواد المؤكسدة.

Positive
  • First sale: 29.8 tonnes concentrate shipped
  • Concentrate grades: 5,853 g/t Ag and 14.9% Pb
  • Monthly production target: 1,000–1,500 tonnes
Negative
  • Initial campaign size: only 10,000 tonnes estimated feed
  • Low daily extraction: stopes target 30–50 tonnes per day

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 announce that it has completed its first silver-lead concentrate sale from the Company's Apuradita Paca Mining Project ("Apuradita") in Bolivia, marking an important milestone that demonstrates the marketability of Apuradita metals concentrate product.

The first 29.8-tonne silver-lead concentrate shipment was completed in November 2025 at US$47.4/oz silver and US$0.90/lb lead prices, with additional shipments planned on a monthly schedule. Assay results returned concentrate grades of 5,853 g/t Ag and 14.9% Pb, consistent with the Company's internal metallurgical forecasts.

Mining operations at Apuradita continue at a steady rate, and Silver Elephant forecasts a monthly production target of 1,000 to 1,500 tonnes of silver-bearing mineralized material. The Company internally estimates a total of 10,000 tonnes of mineralized feed in the initial six-month campaign, which may be extended 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 exploited 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 30 to 50 tonnes per day. Based on diamond drilling and internal geological modeling, the average grade of extracted sulphide material is 412 g/t Ag, 1.09% Pb, and 0.38% Zn.

Building on these results, Silver Elephant has identified multiple high-grade areas within the Apuradita tunnel where the Company is developing additional mining faces through crosscuts and drifts to access and extract silver-bearing mineralized material from these areas.

In parallel, the Company is exploring near-surface oxide mineralized layers within the broader Apuradita project that are potentially suitable for open-pit mining with favorable strip ratios. Silver Elephant is in sales discussions with third-party processing facilities that could potentially purchase the Apuradita silver oxide materials.

The Company is thankful for continued support from local communities, while operations at Apuradita continue to advance despite challenging macroeconomic conditions in Bolivia.

Qualified Person

The technical contents of this news release have been prepared under the supervision of Carlos Zamora a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024, who is an employee of the Company and is not considered independent. Mr. Zamora is a qualified person as defined by National Instrument 43-101.

QA/QC

Silver Elephant Mining Corp sends samples to ALS Global Laboratories in Oruro, Bolivia for sample preparation, after which, the prepared pulps are shipped to ALS Global laboratories for analysis in Lima, Peru. Samples are analyzed using Intermediate Level Four acid digestion. Silver over limits ("ore grade") are determined by fire assay with a gravimetric finish for precise quantification. ALS Laboratories sample management system meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for specific analytical procedures. All samples are collected from HQ and NQ-diameter diamond drill core which is longitudinally halved using diamond-blade masonry saw. One-half of the core is submitted for laboratory analysis, while the other half is preserved on the Company's secured core facility for future reference. All core undergoes geotechnically analysis, photographed and then detail geological logging by the Company's qualified geologists prior to sampling.

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 information in this news release includes the timing to begin shipments of mineralized materials to the Toll Milling Facility, the anticipated quantity and grade of the concentrate from the Toll Milling Facility , the near-term delivery targets of 1,000 to 1,500 tonnes per month, the total number of tonnes of materials to be delivered to the Toll Mill Facility, the ability to deliver further material upon the expiry of the toll milling agreement referenced herein, the ability of the Toll Milling Facility to process all mineralized material delivered from Apuradita, production at the Apuradita tunnel achieving a rate of 30 to 50 tonnes per day, the anticipated quantity and grade of any mineralized material delivered to the Toll Milling Facility.

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/275157

FAQ

What did Silver Elephant (SILEF) sell from Apuradita on November 19, 2025?

The company completed a 29.8-tonne silver-lead concentrate sale priced at US$47.4/oz Ag and US$0.90/lb Pb.

What grades did Apuradita concentrate assays show for SILEF?

Assays returned concentrate grades of 5,853 g/t Ag and 14.9% Pb.

What is Silver Elephant's monthly production target at Apuradita (SILEF)?

The company forecasts 1,000–1,500 tonnes of silver-bearing material per month.

How much feed does Silver Elephant estimate for the initial Apuradita campaign?

An internal estimate of 10,000 tonnes of mineralized feed is planned for the first six months.

What are the average extracted sulphide grades reported by SILEF at Apuradita?

Average extracted sulphide material grades cited: 412 g/t Ag, 1.09% Pb, and 0.38% Zn.

Will Silver Elephant (SILEF) continue shipments from Apuradita?

Yes; the company stated additional shipments are planned on a monthly schedule.
Silver Elephant Mining Corp

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