Mr. Ralph Rushton reports

AFTERMATH SILVER INCREASES PRIVATE PLACEMENT

Aftermath Silver Ltd. is increasing its previously announced non-brokered private placement from up to 28 million units of the company to up to 32 million units at a price of 25 cents per unit with an option to further increase the offering by an additional two million units.

Each unit will comprise one common share in the capital of the company and one-half of one non-transferable common share purchase warrant. Each warrant is exercisable by the holder to acquire one common share for a period of 24 months from closing of the private placement at a price of 35 cents per share.

The company intends to use the net proceeds for metallurgical and engineering studies on the Berenguela silver-copper-manganese project in southern Peru, project payments related to the purchase of Berenguela, and general working capital purposes.

The private placement is subject to approval from the TSX Venture Exchange and the securities will be subject to a four-month-and-one-day hold period under securities laws.

About Aftermath Silver Ltd.

Aftermath Silver 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.

We seek Safe Harbor.