EDMONTON, AB / ACCESSWIRE / November 25, 2020 / Rocky Mountain Liquor Inc. (TSXV:RUM) (the "Company" or "Rocky Mountain"), listed on the TSX Venture Exchange (the "Exchange"), today reported its unaudited financial results for the three month and nine month periods ending September 30, 2020.

The Company has continued to succeed at its objective to grow market share and reduce costs, having increased income from operations by $327,185 for the three month period in 2020 and $1.2M for the nine month period when compared to the same periods in 2019. Sales have increased by $1.4M for the three month period of 2020 and $4.1M for the nine month period. The 36% growth in income from operations in the three month period, and 58% in the nine month period is a result of an increase in sales of 12% in both the three and nine month periods in 2020 while managing operating and administrative expenses.

As at November 25, 2020, all locations are open and operational. The novel coronavirus pandemic continues to positively impact sales at the Company. The Company's financial results show increased sales, driven by increased demand for liquor product following the onset of the crisis and continuing through the year as a result of consumers choosing liquor retailers in lieu of licensed establishments during the COVID-19 pandemic. We continue to incur additional costs for safety and sanitization measures to ensure our employees and customers are working and shopping in a safe environment. The Company has increased sanitation throughout the stores, installed plexiglass shields at counters, installed touchless sanitation units for customer and staff use at store entrances, mandated masks for staff at all locations, provide masks to customers, maintains social distancing measures within the locations, and restricts the number of individuals in the store at a time.

After removing a non-recurring gain of $3.5M from net income in 2019 resulting from the redemption of the Company's convertible debenture, there is an increase in net income for the three month period of $567,499 and nine month period of $2.0M in 2020 over 2019. This is a result management's continued focus on competitive pricing strategies, an increase in sales and reduction to finance costs. The Company remains focused on delivering efficiency and process improvements while managing operating costs.

KEY OPERATING AND FINANCIAL METRICS

Financial highlights, year over year 3 month comparison:

Sales increased by $1.4M or 12% to $13.2M (2019 was $11.8M) with 26 stores contributing to sales at the end of the period in 2020 versus 29 at the end of the period in 2019
EBITDAR* increased by 36% to $1.2M (2019 was $909,433)
Gross margin percentage increased to 22.8% (2019 was 22.0%)
Income from operations increased by $327,185 or 36% to $1,236,165 (2019 was $908,980)
Net income is $690,782 (2019 was $123,283 after adjusting for a non-recurring gain of $3.5M as a result of convertible debenture redemption)

Financial highlights, year over year 9 month comparison:

Sales increased by $4.1M or 12%, to $37.0M (2019 was $32.9M) with 26 stores contributing to sales at the end of the period in 2020 versus 29 at the end of the period in 2019
EBITDAR* increased by $1.2M to $3.3M (2019 was $2.1M)
Gross margin percentage increased to 22.8% (2019 was 21.9%)
Income from operations increased by $1.2M or 58% to $3.3M (2019 was $2.1M)
Net income is $1.4M (2019 net loss was $599,438 after adjusting for a non-recurring gain of $3.5M as a result of convertible debenture redemption)

Margins have increased from 22.0% to 22.8% for the three month period and 21.9% to 22.8% for the nine month period, as the Company has modeled its marketing, pricing and promotional strategies to maximize gross margins. The Company strategizes the timing of Limited Time Offer purchases with in store promotions, to realize margin growth.

Income from operations as a percent of sales increased to 9.4% from 7.7% for the three month period 2020, and to 9.1% from 6.4% for the nine month period. The increase in income from operations is a result of the increase in sales as well as a 4% increase to gross margins in both periods while managing operating and administrative expenses.

To date, the COVID-19 pandemic has not had a negative impact on the Company's results of operations, however, the Company is not immune to factors beyond its control, including without limitation; forced store closures, labour shortages, potential supply disruptions or other unforeseen circumstances.

At September 30, 2020 the Company operated 26 stores.

*EBITDAR is Earnings before Interest, Taxes, Depreciation, Amortization and Rent.

Going Concern

The going concern basis assumes the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. Based on the continued improvement of the Company's performance and statement of financial position we are no longer including disclosure of the uncertainty of the Company as a going concern.

Detailed information in the form of the Company's interim consolidated financial statements and Management Discussion and Analysis are available under the Company's profile on SEDAR at www.sedar.com and also on the Company's website at www.ruminvestor.com. After accessing the website, please choose the "Investor Relations" tab to view Quarterly Reports.

About Rocky Mountain

Rocky Mountain owns 100% of Andersons Liquor Inc. ("Andersons"), headquartered in Edmonton, Alberta, which now own and operate 26 private liquor stores in that province, up from 18 stores since the Common Shares began trading in December 2008. It is listed on the TSX Venture Exchange (TSX-V:RUM).

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as investment decisions. In particular results achieved in 2020 and previous periods might not be a certain indication of future performance, which is subject to other risks, including but not limited to changes in operational policies, changes in management, changes in strategic focus, market conditions and customer preferences, the impact from COVID-19 pandemic on our operations and third party suppliers. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, the risks that these events may not materialize as well as those additional factors discussed in the section entitled "Risk Factors" in RUM's Management Discussion and Analysis, which can be obtained at www.sedar.com. If they do materialize, there remains a risk of non-execution for any reason. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX-V. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

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.

For further information:

Allison Radford
Chief Executive Officer
(780) 483-8183

Sarah Stelmack
Chief Financial Officer
(780) 483-8177

SOURCE : Rocky Mountain Liquor Inc.

ReleaseID: 618459

ST PETERSBURG, FL / ACCESSWIRE / November 25, 2020 / As most businesses know, Wi-Fi is no longer an amenity- it is an expectation. No matter where people go, they want to look at information on their phones, and they do not want to burn through their personal data plans. GoZone WiFi is offering restaurants, bars, and cafes an opportunity to provide Wi-Fi and get valuable data in return without compromising the business' security.

GoZone WiFi Invites Customers to Stay

A customer will wait ten minutes or fewer before trying to log into a bar, restaurant, or café Wi-Fi system. Customers will invariably spend more time at a place that offers free WiFi, and they will also spend more money on those premises. The unfortunate downside is that running these systems costs money. However, using GoZone WiFi's software shifts the cost-benefit ratio back in favor of the businesses that implement it.

In short, the cost of providing guest Wi-Fi pales in comparison to the revenue and engagement a company generates from the actionable data gathered by implementing the newest tool in the marketing arsenal- restaurant Wi-Fi marketing.

Setting a Gateway on Your Wi-Fi Connection

GoZone WiFi's Marketing4Wifi tool provides customers unfettered and speedy access to a business' Wi-Fi. All they must do is sign in through what is known as a captive portal. Customers gain access to the venue's free Wi-Fi once they choose to enter the portal by logging in with:

Email
Social media
SMS
Custom survey

Not only does this login procedure protect your network from outsider incursions by limiting access to passwords, but it is the key to providing the company with information about the customers' behavior on the network.

Gaining and Leveraging Actionable Data with GoZone WiFi

When customers use a bar's Wi-Fi through this system, that business will gain access to valuable data such as:

Identifying new and returning guests
The number of times a customer has accessed your network
Devices used to access the network
Most frequent Wi-Fi Guests
Demographic data
And more

This information provides businesses with many incredible benefits and insights into their customer base. Combined with a contact management add on provided by GoZone WiFi, the bar can instantly develop profiles on customers to start effectively leveraging the data to its benefit.

The insights gleaned from the data can also be utilized in some of the following ways:

Implementing a rewards system for those who use the Wi-Fi

Frequent logins could lead to coupons, extending the customer's stay, and increasing the amount of money they spend.

Increasing engagement on social media websites

Social media engagement leads to new customers finding the business

Targeting marketing campaigns

Reaching out to specific demographics, such as age or sports fans, can result in increased foot traffic during prime times

Using the custom survey tool to collect more direct customer reviews and input
Developing a massive list of emails for marketing campaigns

Implementing GoZone WiFi's system in any bar, restaurant, or café can help a business increase customer loyalty, offer their customers a great Wi-Fi experience, and position itself to more effectively market to their chosen demographics. Adding this system is a simple, proven way to give businesses a higher ROI on Wi-Fi, ensuring a mutually beneficial interaction between them and their clients.

CONTACT:
Asa Hedstrom
asa@gozonewifi.com
(727) 314-6910

SOURCE: GoZone WiFi

ReleaseID: 618394

With the COVID-19 Pandemic Impacting Every Industry, Shane Richard Roybal Is Here to Discuss the Impact from a Technological Perspective

WHEAT RIDGE, CO / ACCESSWIRE / November 25, 2020 / The COVID-19 pandemic has impacted everyone. There is no industry that has been left untouched and both businesses and residences are seeing the technological consequences of this virus. Shane Richard Roybal is a tech expert and he is here to discuss some of the major changes that have taken place in the world of tech during the pandemic.

Shane Richard Roybal Reviews the Impacts of Working from Home During the Pandemic

One of the biggest shifts that Shane Richard Roybal has noticed during the pandemic has been an increase in the number of people who are working remotely. With businesses aiming to avoid transmission of the virus in the workplace, more and more people are now working from home than ever before. At the same time, Shane Richard Roybal knows that this has had impacts on the tech world as well. Remote employees are placing greater demands on their current household bandwidth, meaning that devices, as well as their internet connections, might have a hard time keeping up. When this is combined with kids partaking in remote learning, it is easy to see how these demands are testing the IT infrastructure in our cities.

Shane Richard Roybal Highlights the Growth of Telehealth in the World of Healthcare

Another major shift that Shane Richard Roybal has noticed has been the growth of something called telehealth. Without a doubt, the healthcare industry has been strained during the pandemic. At the same time, many people do not want to leave their homes to go to the doctor's office. As a result, Shane Richard Roybal has noticed an increase in the number of people who are communicating with their doctor from home through video-conferencing or online chat sessions, in place of in-person visits. Tech advances have made this type of virtual visit possible for so many people, reducing barriers to care. This type of care presents a paradigm shift in the health industry, which has become a familiarity to many Americans due to the pandemic.

Shane Richard Roybal Looks at the Importance of a Secure Internet Connection in This New Working Environment

Finally, Shane Richard Roybal also wants to highlight the importance of a secure internet connection in this new era. There are countless people who are looking for ways to access the information they need to do their jobs from home. At the same time, Shane Richard Roybal wants to encourage employees and companies to take a look at ways they can keep their data safe while employees work from home. Using VPNs and other advanced security measures allow confidential and critical information to be transferred securely between home and office. As an IT specialist, Shane Richard Roybal is working with enterprises of all sizes to assist companies with managing their developing IT infrastructure concerns amidst the pandemic, as it is critical to prioritize cybersecurity in this new working environment.

https://www.54invest.com/

CONTACT:
Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Shane Roybal

ReleaseID: 618390

TORONTO, ON / ACCESSWIRE / November 25, 2020 / Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) today announced that it will release the financial results for the year ended September 30, 2020 on Monday November 30th, 2020 after the markets close. CEO Dr. Sankar Das Gupta and EVP & CFO Richard Halka will host a conference call on Tuesday December 1st, 2020 at 8:00 a.m. Eastern Time (ET) to discuss the results and provide a business update.

Conference Call Details:

The Company will hold a conference call on Tuesday, December 1, 2020 at 8:00 a.m. Eastern Time (ET) to discuss the September 30, 2020 year end financial results and to provide a business update.

Conference ID: 13713795
US and Canada toll free: (877) 407-8291
International: + 1(201) 689-8345

To help ensure that the conference begins in a timely manner, please dial in 10 minutes prior to the start of the call.

For those unable to participate in the conference call, a replay will be available for two weeks beginning on December 1, 2020 through December 14, 2020. To access the replay, the U.S. dial-in number is (877) 660-6853 and the non-U.S. dial-in number is +1 (201) 612-7415. The replay conference ID is 13713795.

For more information, please contact:

Investor Contact:

Jason Roy
Director, Investor Relations & Communications
Electrovaya Inc.
905-855-4618
jroy@electrovaya.com

MediaConact:

Peter Koven
Bay Street Communications
Telephone: 1.647.496.7857
Email: peterkoven@baystreetcommunications.com

About Electrovaya Inc.

Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) designs, develops and manufactures proprietary Lithium Ion Super Polymer® batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya is a technology focused company with extensive IP. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada with customers around the globe. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com,

SOURCE: Electrovaya Inc.

ReleaseID: 618369

LOS ANGELES, CA / ACCESSWIRE / November 25, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org) has launched a new blog post that explains the benefits of personal injury protection car insurance coverage.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/basics-of-personal-injury-protection-coverage

Nowadays, drivers have multiple coverage choices and they can customize their insurance policies how they want in order to obtain an insurance plan that can satisfy their needs. Personal injury protection, or PIP for short, is one of those choices that drivers are recommended to purchase. Furthermore, PIP insurance is mandatory in many states. PIP insurance will cover the medical expenses of the policyholders and their passengers if they got injuries resulted from a car accident, regardless of who is at-fault for the accident. Also, PIP insurance will cover other losses.

PIP insurance can cover the following expenses:

Medical bills. PIP coverage will pay the medical bills of the policyholder and his passengers that got injured in an accident, no matter who was at fault. Just like any other coverage, PIP insurance has some caps. The amounts can vary by the state's minimum requirements or they can vary by plan. Policyholders are free to choose more coverage if they consider they need more protection.
Lost wages. PIP insurance can provide coverage for lost income. This option will raise the costs of insurance and has some limits on how much the policyholder can get. Policyholders should think twice before buying this option if they already have a policy that covers lost wages.
Funeral expenses. This option will help cover the expenses of a funeral in case of death due to a car accident. Policyholders should carefully analyze this option and check if this will be enough to cover all the expenses of a funeral.
Important services. PIP coverage will reimburse the costs to hire people that will help the policyholder do his everyday chores. Normal chores like taking care of the child, vacuuming, washing dishes, mowing the lawn, dusting, or mopping the floors can be very hard to be done by persons that suffered severe injuries in a car accident.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"PIP insurance is an important policy that can help drivers overcome delicate situations resulting from a car accident", said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact: Daniel C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org

SOURCE: Internet Marketing Company

ReleaseID: 618335

ATLANTA, GA / ACCESSWIRE / November 25, 2020 / As many holidays have had to be adapted to comply with the safety requirements due to COVID-19, we've seen a surge of new ways to still enjoy many cherished traditions from the comfort of home. From Easter celebrations to birthday parties, many of these gatherings have been forced to scale down or even halt completely. Nevertheless, the rise of digital technology tools and social media has allowed for creative solutions that help ease these difficult times.

There is not a more iconic testament to the all-American holiday of Thanksgiving than the Annual Macy's Thanksgiving Day Parade held in New York City. This festive event, known for its gigantic balloon floats, its association with the Macy's department store brand and flagship Herald Square location, is arguably the world's largest parade of the year. With approximately 3.5 million physical attendees who line up live along the parade route and more than 50 million viewers who tune into the English and Spanish language broadcasts, the parade has become a staple of many family traditions across the world. Every year millions of tourists travel to NYC to enjoy this grand affair, which serves as the kick-off to the holiday season for the entire country.

While there were fears that this year's pandemic might lead to a cancellation of the parade, the event organizers have responded admirably to safety challenges by producing an event that will be optimized for TV viewing instead of physical attendance. The entire experience will also be enhanced for online participation through social media.

Guest Reservations™ is an independent travel network that offers reservations and exclusive deals for more than 100,000 hotels around the world. With many travel plans having to be canceled and most people spending the rest of the year at home due to safety measures, Guest Reservations emphasizes how the parade offers a new way to allow millions of New Yorkers and the nation at large to safely experience Macy's beloved spectacle from the comforts of their home. More importantly, the company describes the new format as a "love letter and gift to the city of New York and the many families that have seen unique challenges during these unparalleled times."

Guest Reservations suggests that the best way to enjoy the event this year is to begin by first visiting Macy's Parade 101, reading the overview, and then watching the engaging and informative videos with your friends and family. For those with younger children, there are amazing printable resources that can add a whole new dimension to the parade experience. Those that are social media-inclined can participate using the hashtag #MacysParade and join the global online conversation. The actual parade will be televised beginning at 9 AM Eastern Time on NBC and will be broadcast until noon.

This year the amazing spectacle will be optimized for those of us participating from home. Who knows, this might start a whole new set of traditions where people actually make the parade the cornerstone of their Thanksgiving Day celebrations with loved ones, no matter where in the country or the world they are celebrating the holiday.

CONTACT:
Andrew Mitchell
Cambridge Global
404-368-7070

SOURCE: The Daily Meal

ReleaseID: 618366

SHANGHAI, CHINA / ACCESSWIRE / November 25, 2020 / China Carbon Graphite Group, Inc. (OTC PINK:CHGI). ("China Carbon" or the "Company") today announces its subsidiary research and development team, Royal Elite New Energy Science and Technology (Shanghai) Co., Ltd. ("Roycarbon"), together with its manufacturing partner have fully developed their newest carbon-based product. The component product is certified for mass production and qualified as a battery component for grid-scale energy storage systems. China Carbon's latest product is forecasted to be incorporated in energy solution assemblies of its partners, of which including a most anticipated player in the upcoming energy storage industry that offers further applications in industrial, commercial, as well as residential markets.

The company is also expected to scale up its graphite powder production for prospective increasing demands of EV lithium-ion battery. With the addition of on-going energy storage projects, China Carbon extends its expertise on carbon and graphite product utilizations for a spectrum of growing energy markets.

"We are always eager to innovate and deliver better alternatives. Our latest products and developments are expected to provide a lead in performance and serves a goal of cost efficiency for the innovative front liners of energy solutions industries," said Donghai Yu, CEO of the Company.

About China Carbon Graphite Group, Inc.

China Carbon Graphite Group, Inc. (the "Company"), through its subsidiaries, is specialized in the sales of high-quality carbon composites, graphene suspensions, graphene oxide and graphite bipolar plates global wide. The company also operate a business-to-business and business-to-consumers Internet portal (www.roycarbon.com) for graphite related products. The Company supplies end-users in graphite application zones including industries of steel, metallurgy, non-ferrous, PV, energy storage, optical fiber, semiconductor, and chemicals. In addition, through its sales channels, the Company supplies special graphite blocks & rods, graphite electrodes, precision machined graphite parts & components, bipolar graphite plates, graphite oxide & graphene.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantee of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of China Carbon. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are described more fully in China Carbon's annual report on Form 10-K that was filed with the SEC. Although China Carbon believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by China Carbon or any other person that their objectives or plans will be achieved. China Carbon does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:

China Carbon Graphite Group Inc.
909-843-6518
ir@chinacarboninc.com

SOURCE: China Carbon Graphite Group Inc.

ReleaseID: 618362

LOS ANGELES, CA / ACCESSWIRE / November 25, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website has recently launched a guide that presents several valuable tips that will help drivers get the best car insurance deals during Black Friday.

Black Friday is a deeply-rooted commercial holiday that marks the beginning of the winter shopping season. Customers who decide to buy during this holiday expect generous discounts or special offers. This is also true for car insurance. When shopping for the best deals on the market, policyholders should follow the next tips:

Be prepared with a list of potential carriers. Planning ahead is always the key to success, no matter if you are buying vegetables or making an important investment. You should make a list of companies that are likely to make big discounts during Black Friday. Read some reviews about last years' Black Friday events and see who offered the best deals.
Use technology to your advantage. It is recommended to use apps and websites that track and compare the best prices. There are many Black Friday websites and apps which can help you zero in on the best offers.
Be an early bird. More exactly be a midnight bird, since most of the companies sell policies online. If you want to get the best deals while they are available, you should not wait until the end of the big event. Set your alarm clock and be ready to buy online, in your pajamas. Believe us, there will be tens, even hundreds of thousands of people doing the same things and waiting to buy the same things.
Buy offers from verified websites. This is another essential tip you should be aware of: do not buy products from shady dealers and websites. If a website promises a 90% discount on car insurance and says it represents a big insurer, even though the name is misspelled, you should stay away. It is likely to be a trap.
Do not expose security and personal data to shady sellers. As mentioned above, if things look too good, there may be a trap. Things become even more obvious when the website asks for credit card security numbers or ID numbers

For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

CONTACT:

Company Name: Internet Marketing Company
Person for contact: Daniel C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org

SOURCE: Internet Marketing Company

ReleaseID: 618333

VANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Silver Elephant Mining Corp. ("Silver Elephant" or "the Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that further to the news release dated August 19, 2020, it has received the complete assay results from the Company's first diamond drill program at its 100%-controlled El Triunfo Au-Ag-Zn-Pb project in Bolivia.

Borehole TR007 intercepted 48.9 meters of mineralization grading 0.42 g/t gold, 35.5 g/t silver, 1.17% zinc, and 0.83% lead (1.45 g/t AuEq) within 98.9 meters of mineralization grading 1.04 g/t AgEq starting 13.0 meters downhole.

Notable highlights include

Hole ID

From

To

Length (m)

Au (g/t)

Ag (g/t)

Zn %

Pb %

AuEq* (g/t)

TR006

40.0

76.0

36.0

0.49

15.46

0.54

0.44

0.97

including…

58.0

72.0

14.0

0.48

20.23

0.76

0.66

1.16

TR007

13.0

111.9

98.9

0.37

22.71

0.74

0.58

1.04

including…

63.0

111.9

48.9

0.42

35.49

1.17

0.83

1.45

TR008

6.8

84.0

77.3

0.31

17.65

0.57

0.53

0.85

including…

45.0

51.4

6.4

1.60

56.49

1.66

0.94

3.05

(*) Gold equivalent calculation uses a gold price of $1,795, a zinc price of $0.93, a lead price of $0.80, and a silver price of $18.30 (all USD), and assumes a 100% metallurgical recovery. Gold equivalent values can be calculated using the following formula: AuEq = Au g/t + (Ag g/t x 0.0102) + (Zn % x 0.3551) + (Pb % x 0.3055).

Danniel Oosterman, Company's VP of Exploration, states: "Silver Elephant's maiden drill program at El Triunfo successfully demonstrates broad continuity of east-west mineralization spanning a minimum 225 meters in strike. It is open beyond 100 meters depth in both east and west directions. We are also very pleased with the intercepted grades of around 1g/t gold equivalent in the context of today's gold price of $1,850 an oz. In short, we are off to a great start delineating near-surface, potential bulk tonnage resources at El Triunfo."

Mineralization is hosted in altered black shales exhibiting hydrothermal sheeted quartz-carbonate vein sets that are concentrated along the axes of regional anticlinal fold structures.

Assay results are detailed in the table below:

Hole ID

From

To

Length (m)

Au (g/t)

Ag (g/t)

Zn %

Pb %

AuEq* (g/t)

TR004

14.0

15.0

1.0

0.24

18.85

0.21

0.65

0.70

17.0

18.0

1.0

0.74

2.21

0.03

0.04

0.78

71.0

74.0

3.0

1.11

5.01

0.00

0.00

1.16

TR005

61.0

62.0

1.0

0.59

8.00

0.00

0.01

0.67

122.0

124.0

2.0

0.50

2.29

0.01

0.02

0.53

TR006

5.0

6.0

1.0

0.73

3.19

0.10

0.13

0.84

20.0

21.0

1.0

0.15

11.10

0.35

0.29

0.48

40.0

76.0

36.0

0.49

15.46

0.54

0.44

0.97

including…

58.0

72.0

14.0

0.48

20.23

0.76

0.66

1.16

TR006

94.5

101.5

7.0

0.56

23.21

0.82

0.56

1.26

106.5

107.4

0.8

0.32

12.70

0.25

0.01

0.54

120.0

121.0

1.0

0.07

15.90

0.50

0.67

0.62

142.8

143.3

0.5

0.60

0.43

0.00

0.00

0.61

190.0

191.3

1.3

0.72

89.58

2.07

0.16

2.42

TR007

13.0

111.9

98.9

0.37

22.71

0.74

0.58

1.04

including…

63.0

111.9

48.9

0.42

35.49

1.17

0.83

1.45

TR007

118.5

119.5

1.0

0.03

4.55

0.17

0.53

0.30

121.5

122.5

1.0

0.30

3.69

0.07

0.46

0.50

125.5

126.3

0.8

0.56

3.18

0.09

0.03

0.63

179.0

181.0

2.0

1.05

1.38

0.01

0.01

1.07

185.6

186.2

0.6

0.44

5.69

0.02

0.01

0.51

196.0

197.0

1.0

0.74

1.46

0.00

0.00

0.76

TR008

6.8

84.0

77.3

0.31

17.65

0.57

0.53

0.85

including…

45.0

51.4

6.4

1.60

56.49

1.66

0.94

3.05

TR008

138.1

139.1

1.0

0.71

0.90

0.01

0.00

0.72

149.0

151.0

2.0

0.10

22.73

0.78

0.03

0.61

156.0

157.0

1.0

0.74

1.33

0.02

0.01

0.76

183.0

183.6

0.6

1.65

2.62

0.02

0.01

1.69

231.6

232.6

1.0

0.41

4.50

0.00

0.00

0.46

247.5

250.0

2.5

1.64

35.99

0.00

0.00

2.01

257.0

258.0

1.0

0.78

2.15

0.00

0.00

0.80

*See Notes on gold equivalent (AuEq) calculations and metals prices above.

Reported widths in all tables are intercepted core lengths and not true widths, as relationships with intercepted structures and contacts vary. Based on core-angle measurements, true widths range from 54% to 65% of reported core length.

As the next step, the Company will integrate those results with planned district geological mapping and geophysics such as induced polarization (IP). Commencement of next round of El Triunfo drilling is tentatively scheduled for first half of 2021.

El Triunfo maps are posted at http://www.silverelef.com.

Qualified Persons

The technical contents of this news release have been prepared under the supervision of Danniel Oosterman, VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by it. Mr. Oosterman is a qualified person ("QP") as defined by the guidelines in NI 43-101.

Quality Assurance and Quality Control

Silver Elephant adopts industry-recognized best practices in its implementation of QA/QC methods. A geochemical standard control sample and a blank sample are inserted into the sample stream at every 20th sample. Duplicates are taken at every 40th sample. Standards and duplicates (including lab duplicates and standards) are analyzed using Thompson-Howarth plots. Samples are shipped to ALS Global Laboratories in Ururo, Bolivia for preparation and then shipped to ALS Global laboratories in Lima, Peru for analysis. Samples are analyzed using an aqua regia digestion with super trace ICP-MS analysis. Gold is analyzed with optimized fire assay and atomic absorption spectroscopy. The ALS Laboratories sample management system meets all the requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for specific analytical procedures.

All samples are taken from HQ-diameter core and split in half by a diamond-blade masonry saw. One-half of the core is submitted for laboratory analysis and the other half is preserved for reference at the Company's secured core facility. Prior to sampling, all core is geotechnically analyzed and photographed and then logged by geologists.

About Silver Elephant

Silver Elephant Mining Corp. is a premier silver mining company. The Company's goal is to enable shareholders to own as much silver in the ground as possible.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD

"John Lee"
Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
ir@silverelef.com www.silverelef.com

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

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.

These factors should be considered carefully, and readers should not place undue reliance on the Silver Elephant's forward-looking statements. Silver Elephant believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Silver Elephant undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

SOURCE: Silver Elephant Mining Corp.

ReleaseID: 618242