Silver Elephant Mining Corp. announced the initial drill results from the Pero discovery within its Pulacayo silver lead zinc project in Bolivia. Pero covers approximately 250 x 150 meters and is located to the southeast of the Pulacayo deposit that contains a NI43-101 compliant resource of 70.2Moz Ag, 904Mlbs Zn, and 386Mlbs Pb in the indicated resource category. Sulphide zone metal recoveries of 89.2% for Ag, 91.9% for Pb, and 82.9% for Zn were used in the Silver Equivalent (Recovered) equation and reflect metallurgical testing results disclosed previously for the Pulacayo Deposit. Reported widths are intercepted core lengths and not true widths, as relationships with intercepted structures and contacts vary. Based on core-angle measurements, true widths range from 75% to 85% of the reported core length. These promising results indicate that a structural displacement of the main east-west Tajo vein system (featured at the Pulacayo deposit) has occurred at the east extension, whereby the mineralization appears to have been truncated and shifted by as much as 100 meters to the south. PUD285 was collared approximately 100 meters southeast of the Pulacayo mineral resource estimate envelope (Pulacayo MRE). The hole was drilled from north to south and encountered both 14 meters of shallow mineralization within 30 meters of surface, and 48 meters of broad mineralization to the end-of-hole. Mineralization remains open at depth and represents a previously undiscovered silver-bearing zone in the geological model. Interestingly anomalous copper and gold were also found in the PUD285 results coinciding with the new zone. PUD286, was collared on the southern edge of Pulacayo MRE and drilled further southward. PUD 286 encountered a previously unknown high-grade mineralized zone from 148 meters to 152 meters, which is least 50 meters south of Pulacayo MRE. Previous drillings in this area were from the south (of Pulacayo MRE) to the north to intercept projected Tajo vein at depth. PUD287 was drilled in between PUD285 and PUD 286 which are 470 meters apart. The Pulacayo technical team is greatly encouraged by both PUD285 and PUD286. PUD285 features a newfound and broadest mineralized zone east of Pulacayo MRE and is open in all directions. The PUD286 high grade intercept from 148m to 152m may be part of the Tajo vein system albeit shifted southward by faulting. The appearance of PUD286 high-grade drilled core closely resembles that of other high grade Pulacayo drilled core (e.g. PUD118 which intercepted 10 meters of 1,248g/t Ag between 174m to 184m and is 500 meters northwest of PUD286). The Tajo vein system generally exhibits the highest grades from 300-400 meters downhole based on results from 73,622 meters of drilling, the team is optimistic the best of Pero is yet to be seen at depth The Company still awaits the assay results of the final drill hole (PUD288) which concludes the 4-hole, 945- meter drill program at Pero. Results from PUD 288 is expected by late February along with the initial drill assay results from the Company's Sunawayo project where the start of drilling was announced on January 21, 2021.