Mr. Ralph Rushton reports

AFTERMATH SILVER ANNOUNCES AGSM RESULTS

All matters were approved at Aftermath Silver Ltd.'s annual general and special shareholders meeting held on Nov. 20, 2024. At the meeting, the company's shareholders re-elected all of the company's current board of directors, Michael Williams, Ralph Rushton, David Terry, Michael Parker and Keenan Hohol, approved the appointment of the company's auditor, Davidson & Company LLP, and reapproved the long-term incentive plan in accordance with the requirements of the TSX Venture Exchange. The company's shareholders also approved the creation of a new control person (as such term is defined in the policies of the TSX-V), being 2176423 Ontario Ltd. and Eric Sprott, as more particularly set out in the management and information circular of the company dated Oct. 16, 2024.

2176423 Ontario Ltd., a corporation beneficially owned and controlled by Mr. Sprott, intends to increase its equity position in the company pursuant to a private placement of 22,222,222 units to be sold at a price of 45 cents per unit for total gross proceeds of up to $10-million. Each unit will be composed of one common share in the capital of the company and one-half of one transferable common share purchase warrant. Each warrant is exercisable by the holder thereof to acquire one additional common share for a period of 36 months from the date of issuance at a price of 70 cents per warrant share. The private placement is subject to final approval of the TSX-V. For more information on the private placement, see the company's news release dated Oct. 16, 2024.

Berenguela project: background:

• The company has an option to acquire a 100-per-cent interest in Berenguela through a binding agreement with SSR Mining.
• Berenguela hosts a potentially open-pittable silver-copper-manganese mineral resource close to Santa Lucia in Puno province, southern Peru.
• Silver, copper and manganese have crucial industrial applications in the clean energy and battery spaces. Copper and manganese have been designated critical metals by the U.S. government and the European Union.
• The project is fewer than six kilometres from road, rail and power lines and four hours from Arequipa by sealed road.
• Aftermath published a resource estimate in March, 2023, based on over 300 core and reverse circulation holes.
• Metallurgical testwork is under way adding to historic work, with the goal of producing silver and copper metal and a commercial battery-grade or fertilizer-grade manganese product.

Qualified person

Michael Parker, a fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by National Instrument 43-101. Mr. Parker has reviewed the technical content of this news release, and consents to the information provided in the form and context in which it appears.

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:

• Challacollo silver-gold project: The company owns a 100-per-cent interest in the Challacollo silver-gold project. 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 completing environmental permitting in anticipation of a coming drill program.
• Cachinal silver-gold project: The company owns a 100-per-cent interest in the Cachinal silver-gold project, located 2.5 hours south of Antofagasta. On Sept. 16, 2020, the company released a 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).

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