Aftermath Silver Increases Private Placement
Not for dissemination in the United States or for distribution to U.S. wire services.
FOR IMMEDIATE RELEASE April 27, 2023
(AAG2023 – NR #08)
Aftermath Silver Increases Private Placement
Vancouver, BC, April 27, 2023 – Aftermath Silver Ltd. (the “ Company” or “ Aftermath”) (TSX-V: AAG)
(OTCQX: AAGFF) (FRA: FLM1) is pleased to announce it is increasing its previously announced non -
brokered private placement (the “Private Placement”) from up to 28,000,000 units of the Company (the
“Units”) to up to 32,000,000 Units at a price of C$0.25 per Unit with an option to further increase the
offering by an additional 2,000,000 Units.
Each Unit will be comprised 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 Common Share for a per iod of 24
months from closing of the Private Placement at a price of C$0.35 per share.
The Company intends to use the net proceeds for metallurgical and engineering studies on the Berenguela
Silver-Copper-Manganese project in southern Peru (“ Berenguela”), project payments related to the
purchase of Berenguela and for general working capital purposes.
The Private Placement is subject to approval from the TSX Venture Exchange and the securities will be
subject to a four month and one day hold period under securities laws.
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 Berenguela 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 own s 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 Septembe r 16, 2020 , the Company
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 Placement. 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 regulatory approval, change
in market conditions, and predictions, expectations, beliefs, plans, projections, objectives, and assumptions of
future events or performance, including without limitat ion, exploration plans at the Company’s mineral
projects. Although 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”, “p lans”,
“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 re vise 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.