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AAG.V ·

Aftermath Silver Announces Engagement of Independent Trading Group for Market Making Services

Marketing Announcement

1397-2628-4057, v. 2

FOR IMMEDIATE RELEASE October 23, 2025

(AAG2025 – NR #13)

Aftermath Silver Announces Engagement of Independent Trading Group for

Market Making Services

Vancouver, BC, October 23, 2025 – Aftermath Silver Ltd. (the “Company” or “Aftermath”) (TSX-V: AAG)

(OTCQX: AAGFF) is pleased to announce that that the Company has engaged Independent Trading Group

(ITG), Inc. (“ ITG”), an arm’s length party to the Company, to provide market making services with the

objective of maintaining a reasonable market and improving the liquidity of the Company’s securities.

Pursuant to the agreement dated August 1, 2025, ITG will engage in trading of the the common shares of

the Company through the facilities of the TSX Venture Exchange (the “ TSXV”). The engagement has an

initial term of one month and renews for subsequent one-month terms, unless either party provides 30

days written notice prior to the end of a term. The Company will pay ITG a $6,000 fee plus applicable taxes

on the first business day of each month, for as long as the agreement is in force. [On execution of t he

agreement, ITG did not own any securities of the Company]; however, ITG may acquire a direct interest

in the securities of the Company. There are no performance factors contained in the agreement between

ITG and the Company and ITG will not receive any shares or options from the Company as compensation

for services it will render. The capital used for market making will be provided by ITG and will be done in

accordance with TSXV policies and securities laws. The agreement is subject to acceptance for fil ing by

the TSX Venture Exchange.

About Independent Trading Group (ITG), Inc.

ITG is a Toronto-based CIRO dealer-member that specializes in market making, liquidity provision, agency

execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992,

with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology

to deliver high quality liquidity provision and execution services to a broad array of public issuers and

institutional investors.

About Aftermath Silver Ltd.

Aftermath Silver is a leading Canadian junior exploration company focused on the development of critical

metals projects. Aftermath is a preeminent silver development company with significant leverage to

copper and high purity battery grade manganese. The Company’s flagship asset is the Berenguela silver,

copper and manganese deposit located in Southern Peru.

1397-2628-4057, v. 2

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 policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information

within the meaning of applicable Canadian securities laws. Forward -looking statements relate to future

events or future performance and reflect the exp ectations or beliefs of management of the Company

regarding future events. Generally, forward-looking statements and information can be identified by the

use of forward -looking terminology such as “intends” or “anticipates”, or variations of such words and

phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”.

This information and these statements, referred to herein as "forward‐looking statements", are not

historical facts, are made as of the date of this news release and include without limitation, the anticipated

regulatory approval of the market making agreement and the activities to be performed thereunder .

Accordingly, readers should not place undue reliance on the forward-looking statements and information

contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

In making the forward-looking statements in this news release, the Company has applied certain material

assumptions, including without limitation, that the Company will receive the necessary regulatory

approval for the market making activities.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ

materially from results suggested in any forward -looking statements. These risks and uncertainties

include, among other things, that the Company will not receive the necessary regulatory approval for the

market making services.

Although management of the Company has attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking statements or forward-looking

information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that such statements will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, readers shou ld not

place undue reliance on forward -looking statements and forward -looking information. Readers are

cautioned that reliance on such information may not be appropriate for other purposes. The Company

does not undertake to update any forward -looking statement, forward-looking information or financial

out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

We seek safe harbor.