Aftermath Closes Non-Brokered Private Placement,

FOR IMMEDIATE RELEASE May 7, 2020

(AAG2020 – NR #5)

Aftermath Closes Non-Brokered Private Placement,

Vancouver, British Columbia, May 7, 2020 – Aftermath Silver Ltd. (the “ Company” or

“Aftermath Silver”) (TSX-V: AAG) (OTCQB: FLMZF) is pleased to announce that it has closed

its previously announced non-brokered private placement of 7,500,000 units (the "Units") at a price

of $0. 20 per Unit for gross proceeds of $ 1,500,000 (the " Private Placement "). Each Unit sold

consists of one common share in the capital of the Company (each a " Common Share") and one-

half of one non -transferable common share purchase warrant (each whole warrant, a " Warrant").

Each Warrant is exercisable by the holder to acquire one Comm on Share for a period of 36 months

from closing at a price of $0.25 per Common Share.

All securities issued in connection with the Private Placement are subject to a hold period and may

not be traded until September 8, 2020, except as permitted by applicable securities legislation and the

rules and policies of the TSX Venture Exchange.

The Company intends to use the net proceeds for business development activities, maintenance

costs at the Challacollo and Cachinal, Silver-Gold projects in Chile and for general working capital.

About Aftermath Silver Ltd:

Aftermath Silver Ltd. is a Canadian junior exploration company engaged in acquiring, exploring, and

developing mineral properties with an emphasis on silver in Chile. The Company is focused on

growth through the discovery and acquisition of quality projects in stable jurisdictions. Afte rmath

Silver continues to seek new opportunities to take advantage of the relatively low silver price.

ON BEHALF OF THE BOARD OF DIRECTORS

“Ralph Rushton”

Ralph Rushton

President & CEO

604-484-7855

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this

release.

Forward Looking Statements

Certain statements within this news release, other than statements of historical fact relating to Aftermath

Silver, are to be considered forward-looking statements with respect to the Company’s intentions for the

Cachinal Project in Chile. Forward-looking statements include statements that are predictive in nature,

are reliant on future events or conditions, or include words such as “expects”, “goal”, “potential”,

“anticipates”, “plans”, “believes”, “considers”, “significant”, “intends”, “targets”, “estimat es”,

“seeks”, attempts”, “assumes”, and other similar expressions.

The forward -looking statements are based on a number of assumptions which, while considered

reasonable by Aftermath Silver Ltd, are, by their nature, subject to inherent risks and uncertainties and

are not guarantees of future performance. Factors that could cause actual results to differ materially

from those in forward-looking statements include: the interpretation of previous and current results, the

accuracy of exploration results, the a ccuracy of Mineral Resource Estimates, the anticipated results of

future exploration, the forgoing ability to finance these acquisitions further exploration and development,

delays in the completion of exploration, the future prices of silver and gold, and other metals, and general

economic, market and/or business conditions. There can be no assurances that such statements and

assumptions will prove accurate and, therefore, readers of this news release are advised to rely on their

own evaluation of the info rmation contained within. In addition to the assumptions herein, these

assumptions include the assumptions described in Aftermath Silver Ltd’s Management’s Discussion and

Analysis for the three months ended August 31, 2019, as filed with the TSX Venture Ex change and

available on SEDAR under Aftermath’s profile at www.sedar.com.

Although Aftermath Silver Ltd. has attempted to identify important risks, uncertainties and other factors

that could cause actual performance, achievements, actions, events, results or conditions to differ

materially from those expressed in or implied by t he forward-looking statements, there may be other

risks, uncertainties and other factors that cause future performance to differ from what is anticipated,

estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as

of the date hereof and Aftermath Silver Ltd. does not assume any obligation to update any forward -

looking statements after the date on which such statements were made, except as required by applicable

law.