Aftermath Silver Ltd. announced a non-brokered private placement of up to 11,764,705 units at a price of CAD 0.17 per unit to raise approximately CAD 2,000,000 on October 12, 2022. Each unit will be comprised of one common share 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 CAD 0.27 per share.

The closing of the transaction is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. FinderÆs fees equal to 7% of the units issued under the transaction, may be paid to eligible parties, payable in either cash or common shares. All of the securities issued with respect to the private placement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws.