Core Viewpoint - Silver Elephant Mining Corp. and CleanTech Vanadium Mining Corp. have successfully closed a transaction where CleanTech acquired an option to purchase the El Triunfo Gold and Antimony Project in Bolivia for CAD 155,000 [1][2]. Group 1: Transaction Details - The transaction involves CleanTech being assigned an option to purchase the El Triunfo Project, which spans approximately 256 hectares located about 75 km east of La Paz, Bolivia [1]. - The option agreement was originally established on July 10, 2020, allowing Silver Elephant to acquire 100% of the equity interests in Mururata S.R.L., which owns the mining rights for the Triunfo Project [2]. Group 2: Company Backgrounds - Silver Elephant Mining Corp. is a mineral exploration company focused on precious metal projects in Bolivia [4]. - CleanTech Vanadium Mining Corp. is an exploration-stage mining company concentrating on critical mineral resources in the USA, owning the Gibellini Vanadium Mine Project in Nevada and an option for the Campbell Crotser Fluorspar Project in Kentucky [5]. Group 3: Related Parties - Oracle Commodity Holding Corp. is a control person of CleanTech, holding 42,799,502 common shares, while Silver Elephant is a control person of Oracle, holding 28,793,110 common shares [3]. - CleanTech will utilize exemptions from formal valuation and minority approval requirements as the transaction's fair market value does not exceed 25% of its market capitalization, which was approximately $6,451,952 as of August 5, 2025 [3].

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") and CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) (FSE: C9R) ("CleanTech") are pleased to announce that, further to their joint press release dated April 8, 2025, they have closed the Transaction (as defined below) whereby CleanTech was assigned an option to purchase the El Triunfo Gold and Antimony Project (the "Triunfo Project") located in th ...