Silver Elephant Mining Corp. — Regulatory Filings 2021

Mar 12, 2021

Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

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I, ____ Irina Plavutska , an officer of the reporting issuer noted below have examined this
Form 13-501F1 (the Form ) being submitted hereunder to the Alberta Securities Commission and
certify that to my knowledge, having exercised reasonable diligence, the information provided in
the Form is complete and accurate.
/s/ Irina Plavutska ____ ____ March 12, 2021
Name: Date: Irina Plavutska
Title: Chief Financial Officer
Reporting Issuer Name: Silver Elephant Mining Corp.
End date of previous financial year: December 31, 2020
Type of Reporting Issuer: [ ] Class 1 reporting [ ] Class 3B reporting
issuer issuer
Highest Trading Marketplace: TSX
Market value of listed or quoted equity securities:
Equity Symbol ELEF
1st Specified Trading Period (dd/mm/yy) __ to _____ 01/01/20 31/03/20
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ____ 0.1250
marketplace (i)
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Number of securities in the class or series of such
security outstanding at the end of the last trading day of		______ 122,915,508
the specified trading period		(ii)
	(i) x (ii)	$ ____ 15,364,438.5
Market value of class or series		(A)
2nd Specified Trading Period(dd/mm/yy)	___ to __ 30/06/20 01/04/20
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ____ 0.2900
marketplace		(iii)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		____ 138,272,408
the specified trading period		(iv)
	(iii) x (iv)	$ ____ 40,098,998.32
Market value of class or series		(B)
3rd Specified Trading Period(dd/mm/yy)	___ to __ 30/09/20 01/07/20
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ____ 0.3950
marketplace		(v)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		____ 152,613,148
the specified trading period		(vi)
	(v) x (vi)	$ ____ 60,282,193.46
Market value of class or series		(C)

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4th Specified Trading Period (dd/mm/yy) __ to __ 01/10/20 31/12/20
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ___ 0.4900
marketplace (vii)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of ___ 180,518,828
the specified trading period (viii)
(vii) x (viii) $ ___ 88,454,225.72
Market value of class or series (D)
5th Specified Trading Period (dd/mm/yy) __ to __
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading $ ___ 0.0000
marketplace (ix)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of ___
the specified trading period (x)
(ix) x (x) $ ___ 0.0000
Market value of class or series (E)
Average Market Value of Class or Series (Calculate
the simple average of the market value of the class or
series of security for each applicable specified trading $ ____ 32,084,144
period (i.e. A through E above)) ( 1 )
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(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:
(Provide details of how value was determined)		$ ____ 0.0000
		(2)
Capitalization for the previous financial year	(1) + (2)	$ ____ 32,084,144
Participation Fee		$ ____ 1,200.0000
Late Fee, if applicable		$ ____
Total Fee Payable		$ ____ 1,200.0000
(Participation Fee plus Late Fee)