Mr. Ralph Rushton reports

AFTERMATH SILVER PROVIDES UPDATE ON FINDER COMPENSATION PAYABLE PURSUANT TO THE CLOSED CHALLACOLLO ACQUISITION

Aftermath Silver Ltd. has provided an update on the finder's compensation paid in connection with the company's acquisition of the Challacollo silver-gold project as detailed in the company's news release dated Aug. 11, 2022.

In accordance with the terms of the share purchase agreement entered into in connection with the acquisition, the company agreed to defer certain payment obligations resulting in an increase to the total consideration paid for the project, resulting in a corresponding increase to the finder's fee payable to Elysium Mining Ltd. The company had previously paid $282,500 in finder's compensation to the finder and, subject to approval by the TSX Venture Exchange, will now settle the outstanding $150,000 through the issuance of 306,122 shares in the capital of the company and a cash payment of $75,000 for aggregate compensation paid to the finder in connection with the acquisition of 306,122 common shares and $357,500 in cash.

The common shares issued to the finder are subject to a hold period of four months and a day from the date of issuance.

About Aftermath Silver Ltd.

Aftermath is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The company's projects have been selected based on growth and development potential.

• Berenguela silver-copper project: The company has an option to acquire a 100-per-cent interest through a binding agreement with SSR Mining. The project is located in the department of Puno in south-central Peru. A National Instrument 43-101 technical report on the property was filed in February, 2021 (available on SEDAR and the company's web page). The company is currently drilling at Berenguela and planning to advance the project through a prefeasibility study.v
• Challacollo silver-gold project: The company recently completed the acquisition of a 100-per-cent interest in the Challacollo silver-gold project from Mandalay Resources. See the company news release dated Aug. 11, 2022. An NI 43-101 mineral resource was released on Dec. 15, 2020 (available on SEDAR and the company's web page). The company is currently permitting road access in anticipation of a coming drill program.
• Cachinal silver-gold project: The company owns a 100-per-cent interest in the Cachinal Ag-Au project, located 2.5 hours south of Antofagasta. On June 11, 2022, Aftermath announced it had reached an agreement to sell Cachinal to Honey Badger Silver Inc. On Sept. 16, 2020, the company released a CIM (Canadian Institute of Mining, Metallurgy and Petroleum)-compliant mineral resource and accompanying NI 43-101 technical report (available on SEDAR and on the company's web page).

We seek Safe Harbor.