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AAG.V ·

Aftermath Silver Appoints Chief Operating Officer

Management Changes

FOR IMMEDIATE RELEASE February 2, 2026

(AAG2026 – NR #04)

Aftermath Silver Appoints Chief Operating Officer

Vancouver, BC, February 2, 2026 – Aftermath Silver Ltd. (TSX -V: AAG "The Company") (OTCQB:

AAGFF) is pleased to announce the appointment of Mr. Danny Keating as Chief Operating Officer

(“COO”). Mr Keating is a Mining Engineer with 30 years of experience in mine development,

processing and project execution. His appointment strengthens the Company’s operational

leadership as Berenguela enters a key phase of technical evaluation and de-risking.

Michael Parker, a director of the company and Aftermath's current COO and Qualified Person, has

been appointed to the role of Technical Director leading the Peruvian team and overseeing the

exploration and development of Aftermath's Chilean projects.

Danny Keating – Chief Operating Officer

Mr Keating has held senior executive roles, including CEO of TSX -V-listed Giyani Metals, an

advanced manganese battery metals company, as well as leadership positions with Alufer Mining,

Dynamic Mining and ASX-listed Lindian Resources. He began his career with Anglo American and

Gold Fields and later worked in investment banking and corporate finance with Collins Stewart

and ABN AMRO.

Ralph Rushton, President and CEO of Aftermath Silver, commented:

“Aftermath is entering a transformational phase, supported by a strong balance sheet and a high-

confidence silver-copper-manganese resource base. The results of our infill drilling and updated

resource have provided the technical foundation to advance our engineering studies at

Berenguela, an important milestone for the Company and our shareholders. We expect a steady

stream of news as we drill test the eastern targets and follow-up on our recent high-grade silver-

copper-manganese intercepts which included 156 metres from surface grading 290g/t Ag, 1.12%

Cu and 7.3% manganese (see Aftermath news release dated Feb. 27, 2025) . We will also be drill

testing a very prospective skarn target located 4 km from Berenguela. Concurrently, we will be

drilling at our Challacollo silver project in Northern Chile.

Danny’s appointment as C hief Operating Officer enhances our ability to effectively execute our

planned engineering studies . His experience in project evaluation, mine development and EV

battery-related metals, positions Aftermath extremely well as we advance the engineering work,

further de-risk Berenguela and demonstrate the project economics."

Adoption of New Option Plan

The Company wishes to report that it has adopted, and the TSX Venture Exchange has approved,

a 10% fixed stock option plan (the “ Plan”) that will allow the Company to grant up to

33,785,972 stock options to eligible participants under the Plan. The Plan is the only security-

based compensation plan of the Company currently in place.

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

and approved the technical content of this news release and the for m and context in which it

appears.

About Aftermath Silver Ltd.

Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver and

critical metals which aims to deliver shareholder value through the discovery, acquisition and

development of quality silver and critical metal 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 owns 100% interest in the Berenguela Ag-

Cu-Mn project located in the Department of Puno, in southern central Peru. A current NI

43-101 mineral resource estimate was published on December 4, 2025 and a NI43 -101

Technical Report was published January 16, 2026. The Company is currently drilling at

Berenguela.

• Challacollo Silver -Gold project. The Company owns a 100% interest in the Challacollo

silver-gold project which was acquired from Mandalay Resources; see Company news

release dated August 11, 2022. A NI 43 -101 mineral resource was released on December

15, 2020 (available on SEDAR and the C ompany’s web page). The Company is currently

drilling at Challacollo.

• Cachinal Silver-Gold project. The Company owns a 100% interest in the Cachinal Ag -Au

project, located 2.5 hours south of Antofagasta. On September 16, 2020, the Company

released a CIM compliant Mineral Resource and accompanying NI 43-101 Technical Report

(available on SEDAR and on the Company's web page).

ON BEHALF OF THE BOARD OF DIRECTORS,

"Ralph Rushton"

Ralph Rushton

CEO and Director

604-484-7855

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy

of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains statements that constitute “forward -looking statements.” Such

forward looking statements involve known and unknown risks, uncertainties and other factors that

may cause the Company’s actual results, performance or achievements, or developments to differ

materially from the anticipated results, performance or achievements expressed or implied by such

forward-looking statements. Forward looking statements are statements that are not historical

facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,”

“believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events

or conditions “will,” “would,” “may,” “could” or “should” occur. These forward‐looking statements

or information relate to, among other things: receipt of all approvals related to the Offering; the

closing of the Offering; and the intended use of proceeds from the Offering.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and

other factors which may cause our actual results, performance or achievements, or other future

events, to be materially different from any future results, performance or achievements expressed

or implied by such forward-looking statements. Such factors and risks include, among others: the

conditions to closing of the Offering may not be satisfied, management’s broad discretion

regarding the use of proceeds of the Offering, the Company may require additional financing from

time to time in order to continue its operations which may not be available when needed or on

acceptable terms and conditions acceptable; compliance with extensive government regulation;

domestic and foreign laws and regulations could adversely affect the Company’s business and

results of operations; and the stock markets have experienced volatility that often has been

unrelated to the performance of companies and these fluctuations may adversely affect the price

of the Company’s securities, regardless of its operating performance.

The forward-looking information contained in this news release represents the expectations of the

Company as of the date of this news release and, accordingly, is subject to change after such date.

Readers should not place undue importance on forward -looking information and should not rely

upon this information as of any other date. The Company undertakes no obligation to update these

forward-looking statements in the event that management’s beliefs, estimates or opinions, or

other factors, should change.