Silver Elephant Mining Corp. — Capital/Financing Update 2020

Mar 6, 2020

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

RED OAK MINING CLOSES SECOND AND FINAL TRANCHE OF $500,000 FINANCING

VANCOUVER, British Columbia, March 5th, 2020 – Red Oak Mining Corp. (“Red Oak” or the “Company”) (TSXV – ROC.H) is pleased to announce it has completed the second and final tranche of the $500,000 private placement originally announced on November 26[th] , 2019. In this second tranche the Company raised total gross proceeds of $300,000 through the issuance of 6,000,000 common shares at a price of $0.05 per share.

Total gross proceeds raised from both tranches was $500,000 at the issue price of $0.05 per share representing a total of 10,000,000 new shares issued. All securities issued under this second tranche will be subject to statutory resale restriction expiring four months and one day from closing. Proceeds to be used for general working capital, and to seek and evaluate new opportunities.

About Red Oak Mining Corp.

Red Oak Mining Corp. is a publicly listed and traded company under the trading symbol ROC.H. The Company’s objective is to leverage the Board and Management’s experience and acquire assets within the mining sector. Emphasis is on elements that are in growing demand due to increasing growth in the global battery electric vehicle market.

For further information please contact:

Jay Roberge, CEO & Chairman redoakmining@gmail.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.