Silver Elephant Mining Corp. — Audit Report / Information 2022

Jan 28, 2026

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SRK Consulting (Canada) Inc. Suite 2200 - 1066 West Hastings Street Vancouver, BC V6E 3X2

T: +1.604.681.4196 F: +1.604.687.5532 vancouver@srk.com www.srk.com

Project number: 2CD031.000

Denver, USA, January 6, 2022

To: B. C. Securities Commission (BCSC)

CONSENT of AUTHOR

I, Eric J. Olin, do hereby consent to the public filing of the technical report entitled "Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada" (the "Technical Report") and dated January 6, 2022 and any extracts from or a summary of the Technical Report under the National Instrument 43-101 disclosure of Defense Metals Corporation and to the filing of the Technical Report with any securities regulatory authorities.

I further consent to the company filing the report on SEDAR and consent to press releases made by the company with my prior approval. In particular, I have read and approved the press release of Defense Metals Corporation dated November 24, 2021, as amended January 6, 2022 (the "Disclosure") in which the findings of the Technical Report are disclosed.

I also confirm that I have read the Disclosure and that it fairly and accurately represents the information in the Technical Report that supports the Disclosure.

Dated this 6th day of January 2022.

"original signed and on file"

Eric J. Olin: SRK Consulting Principal Consultant - Metallurgy