Aftermath Silver Ltd. announced a private placement 28,000,000 units at an issue price of CAD 0.25 per unit for the gross proceeds of CAD 7,000,000 on April 12, 2023. The transaction included participation from individual investor Eric Sprott. Each unit sold consists 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 at a price of CAD 0.35 per Common Share. The transaction is subject to the approval of the TSX Venture Exchange and other applicable securities regulatory approvals. The securities will be subject to a four month and one day hold period from the closing date.

The Company may pay a finder's fee in connection with the Private Placement.