Silver Elephant Issues Early Warning Announcement on Divestiture of Oracle Commodity Holding Corp. Common Stock

Vancouver, British Columbia – (Newsfile Corp. – April 16, 2026) – Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) (“Silver elephant“or the”Pursue“) announces the sale of a total of 750,946 common shares of Oracle Commodity Holding Corp. known.
(TSXV: ORCL) (“oracle“), completed on April 6 and 7, 2026 (“Common shares“).transaction“).

Prior to the Transaction, the Company owned 12,200,110 Common Shares, representing approximately 10.13% of the issued and outstanding Common Shares on a basic basis. The common shares sold represent approximately 0.62% of the issued and outstanding common shares on a basic basis. Following the transaction, the Company holds 11,449,164 common shares, representing approximately 9.50% of the outstanding common shares on a basic basis.

The…