Aftermath Silver Increases Private Placement
FOR IMMEDIATE RELEASE November 9, 2022
(AAG2022 – NR #17)
Aftermath Silver Increases Private Placement
Vancouver, British Columbia, November 9, 2022 – Aftermath Silver Ltd. (the “Company” or
“Aftermath Silver”) is pleased to announce it is increasing its previously announced non-brokered
private placement from up to 17,647,058 units to up to 22,800,000 units at a price of $0.17.
Each Unit will be comprised of one common sha re 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 Common
Share for a period of 24 months f rom closing of the Private Placement at a price of C$0.27 per
share.
The private placement is subject to the approval of the TSX Venture Exchange and the securities
will be subject to a four month and one day hold period under securities laws.
The Company intends to use the net proceeds from the private placement for metallurgical and
other technical studies on the Berenguela Silver-Copper project in Peru, and the Challacollo Silver-
Gold project in Chile, and for general working capital purposes.
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. The project is located in the Department of Puno, in southern
central Peru. A NI 43 -101 Technical Report on the property was filed in February 2021 (available
on SEDAR and the Company’s web page). The Company is currently drilling at Bere nguela and
planning to advance the project through a pre-feasibility study.
• Challacollo Silver -Gold project. The Company recently completed the acquisition of a 100%
interest in the Challacollo silver-gold project 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 Company’s web page). The Company is currently permitting road access in
anticipation of an upcoming drill program.
• Cachinal Silver-Gold project. The Company owns a 100% interest in the Cachinal Ag-Au project,
located 2.5 hours south of Antofagasta. On June 10, 2022, Aftermath announced it had reached an
agreement to sell Cachinal to Honey Badger Silver Inc. On September 16, 2020, the Com pany
released a CIM-compliant mineral resource estimate 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 information set forth in this news release contains forward-looking statements or information ("forward-
looking statements"), including details about the proposed Private Placement and the Company’s proposed use
of proceeds from the Private Place ment. By their nature, forward -looking statements are subject to numerous
risks and uncertainties, some of which are beyond the Company’s control, including risks associated with the
inability to complete the Private Placement, timing of receipt of regula tory approval, change in market
conditions, and predictions, expectations, beliefs, plans, projections, objectives, and assumptions of future events
or performance, including without limitation, exploration plans at the Company’s mineral projects. Althoug h
the Company believes that the expectations in its forward-looking statements (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 reasonable, its forward-looking statements have been based on factors and assumptions concerning future
events which may prove to be inaccurate. Those factors and assumptions are based upon currently available
information. Such statements are subject to known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue
reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity
or achievements. Furthermore, the forward-looking statements contained in this document are made as of the
date of this document and, except as required by applicable law, the Company does not undertake any obligation
to publicly update or to revise any of the included forward -looking statements, whether as a result of new
information, future events or otherwise. The forward -looking statements contained in this document are
expressly qualified by this cautionary statement.