Oracle Commodity Holding and Silver Elephant Amend Existing Coal and Silver Royalty Agreements

Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") and Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle") announce they have executed amended and restated net smelter return ("NSR") royalty agreements covering Silver Elephant's Mongolian coal properties and Bolivian silver properties, replacing and restating prior royalty arrangements. For the Mongolian coal properties, subject to the terms of the royalty agreements and any applicable regulatory or stock exchange approval, Silver Elephant and Oracle agreed that coal royalty is revised to the greater of US$2 per tonne or 3% of NSR (from the greater of US$3 per tonne or 5% of NSR).