Aftermath Silver completes final payment for Berenguela

Mr. Ralph Rushton reports AFTERMATH SILVER COMPLETES FINAL PAYMENT FOR THE BERENGUELA SILVER-COPPER-MANGANESE PROJECT Aftermath Silver Ltd. has completed the final payment to complete the acquisition of the Berenguela silver-copper-manganese project ahead of the November, 2026, due date. In return for early payment, EMX Royalty Corp. agreed to reduce the final payment by $100,000 (U.S.) to $1.55-million (U.S.), and SSR Mining Inc. concurrently agreed to waive Aftermath's obligation to complete and file a prefeasibility study by Nov. 23, 2025, as would have been required by the amended Berenguela acquisition agreement. Aftermath has now fulfilled all payment obligations under the acquisition agreement and looks forward to working with SSR to complete the transfer of ownership of Berengeula. Ralph Rushton, president and chief executive officer of Aftermath, commented: "I would like to thank David Cole and the team at EMX for working with us throughout the agreement, and SSR for its co-operation as we conclude the acquisition of Berengula. Making this final payment allows us to secure 100-per-cent ownership of the Berenguela silver-copper-manganese project for Aftermath but more importantly puts us in the driver seat of a what has become a very important critical metals project. We are initiating a comprehensive prefeasibility study for Berenguela contemplating production of silver, copper and manganese." Deal terms EMX's interest in Berenguela resulted from EMX's acquisition of a portfolio of royalty interests and payments from SSR and certain of its subsidiaries (see EMX news releases dated July 29, 2021, and Oct. 21, 2021). Aftermath has completed its payment obligations, which arise pursuant to a definitive acquisition agreement, originally executed with SSR totalling $13-million (U.S.) and other consideration to acquire a 100-per-cent interest in the project. Current Berenguela mineral resource estimate The mineral resource estimate used conceptual open pit mining constraints for reporting purposes and is presented in table 1. Mineral resources are stated at a cut-off grade of 80 grams per tonne (g/t) silver equivalent (AgEq), which equates to a 3.55-per-cent manganese equivalent cut-off grade. The relative value in the mineral resource by metal is as follows: Ag (silver) equal to 26 per cent; Mn (manganese) equal to 44 per cent; Cu (copper) equal to 26 per cent; Zn (zinc) equal to 4 per cent, using metal prices for Agri-MnSO4, which generally trades at a considerable discount to battery-grade manganese sulphate. The model is depleted for historical mining activities. The assumptions for the open-pit optimization exercise to constrain the mineral resource and confirm reasonable prospects for eventual economic extraction are shown in table 2. Qualified person Michael Parker, a fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by National Instrument 43-101. Mr. Parker has reviewed the technical content of this news release and consents to the information provided in the form and context in which it appears. About Aftermath Silver Ltd. Aftermath Silver 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. We seek Safe Harbor.