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AAG.V ·

Aftermath Silver Appoints Michael Parker As Chief Operating Officer

Management Changes

FOR IMMEDIATE RELEASE January 18, 2022

(AAG2022 – NR #01)

Aftermath Silver Appoints Michael Parker As Chief Operating Officer

Vancouver, BC, January 1 8, 2022. Aftermath Silver Ltd. (the “Company” or “Aftermath Silver”)

(TSX-V: AAG) (OTCQX: AAGFF) is pleased to announce that Michael Parker has been appointed

Chief Operating Officer of the Company. He will be responsible for overseeing the Company's

technical and administrative efforts in Peru and Chile. A geologist by training, Michael is fluent in

English and Spanish and will be based in Arequipa , Peru. He was previously appointed as a

director of Aftermath in June, 2021 (see Company news release, dated June 17, 2021).

A Fellow of the AusIMM , Michael has extensive in-country experience in Peru. He holds British

and Peruvian citizenship and between 2011 to 2017, he served as country manager for First

Quantum Minerals Ltd. (“FQM”) in Peru, responsible for the design and implementation of FQM's

corporate strategy in Latin America – eventually including Argentina and Chile. In Peru, he

oversaw FQM's community relations programs and sustainability processes, ensuring that the

company’s projects complemented community development in remote areas. He was also

responsible for all government relations and communications throughout Latin America.

Ralph Rushton, President and CEO of Aftermath Silver said: "Mike has been instrumental in

pulling the Berenguela project team together in Peru and coordinating the completion of our

permitting efforts, which allowed us to commence our current on -going drilling program ( see

Company news release, dated December 7, 2021). His Peruvian operating experience gained with

FQM has allowed us to rapidly identify key geologists, community relations specialists and

administrative personnel to build out Aftermath's team."

About Aftermath Silver Ltd.

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

to deliver shareholder value through the discovery, acquisition and development of quality silver

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 has an option to acquire a 100% interest

through a binding agreement with SSR Mining Inc. The project is located in the Department

of Puno, in southern central Peru. On February 25, 2021, t he Company filed a NI 43 -101

compliant Technical Report (available on SEDAR and the Company’s website) entitled

“Berenguela Silver-Copper-Manganese Property Update”. The Company is currently drilling

at Berenguela and planning to advance the project through a pre-feasibility study.

• Challacollo Silver-Gold project. The Company has an option to acquire 100% interest in the

Challacollo silver -gold project through a binding agreement with Mandalay Resources

Corporation(see Company news release , dated June 27 , 2019 ). A NI 43 -101 compliant

mineral resource was released in 2020 (see Company news release, dated December 15,

2020).

• Cachinal Silver-Gold project. The Company own 80% interest in the Cachinal project, with

an option to acquire the remaining 20% from SSR Mining Inc., 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

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

release.

Cautionary Note Regarding Forward-Looking Information

Certain of the statements and information in this news release constitute “forward -looking

information” within the meaning of applicable Canadian provincial securities laws. Any

statements or information that express or involve discussions with respect to interpretation of

exploration programs and drill results, predictions, expectations, beliefs, plans, projections,

objectives, assumptions or future events or performance (often, but not always, using words or

phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”,

“estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”,

“budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or

results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative

of any of these terms and similar expressions) are not statements of historical fact and may be

forward-looking statements or information.

These statements involve known and unknown risks, uncertainties and other factors that may

cause actual results or events to differ materially from those anticipated in such forward‐looking

statements. Although the Company believes the expectations expressed in such forward‐looking

statements are based on reasonable assumptions, such statements are not guarantees of future

performance and actual results or developments may differ materially from those in the forward‐

looking statements. Factors that could cause actual results to differ materially from those in

forward‐looking statements include, but are not limited to, changes in commodities prices;

changes in expected mineral production performance; unexpected inc reases in capital costs;

exploitation and exploration results; continued availability of capital and financing; and general

economic, market or business conditions. In addition, forward‐looking statements are subject to

various risks, including but not limited to operational risk; political risk; currency risk; capital cost

inflation risk; that data is incomplete or inaccurate. The reader is referred to the Company’s filings

with the Canadian securities regulators for disclosure regarding these and other ri sk factors,

accessible through Aftermath Silver’s profile at www.sedar.com.

There is no certainty that any forward‐looking statement will come to pass and investors should

not place undue reliance upon forward‐looking statements. The Company does not undertake to

provide updates to any of the forward‐looking statements in this release, except as required by

law.

Cautionary Note to US Investors - Mineral Resources

This News Release has been prepared in accordance with the requirements of NI 43 -101 and the

Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from

the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities

Administrators that establishes standards for all public disclos ure an issuer makes of scientific

and technical information concerning mineral projects. Canadian public disclosure standards,

including NI 43-101, differ significantly from the requirements of the United States Securities and

Exchange Commission, and information concerning mineralization, deposits, mineral reserve and

resource information contained or referred to herein may not be comparable to similar

information disclosed by U.S. Company's.