Aftermath Silver Ltd. provided an update on progress at its Berenguela Ag- Cu-Mn project in southern Peru. The Company has an option to acquire a 100% interest in the project through a binding agreement with SSR Mining. The project is located in the Department of Puno, in southern central Peru.

The company is currently drilling at Berenguela and planning to advance the project through a pre-feasibility study. Drilling at Berenguela: Aftermath's drill program at Berenguela is progressing well. To date, the team has completed 18 diamond core holes for a total of 1,540m.

Core recoveries have been excellent, averaging approximately 94%. Ten holes have been completed at HQ diameter for resource infill and possible expansion, and future holes will also test additional targets. Eight holes have been completed at PQ diameter to recover mineralized rock with varying Ag-Cu content for metallurgical test work which is being supervised by Ausenco.

A number of holes will be drilled to twin historic RC holes to compare assay data for RC chips versus core samples. Cutting and sampling of core is under way and the samples will be submitted for assay during February. A collar map showing the proposed 2021/22 program is given in the most recent corporate PowerPoint available on Aftermath Silver's website at www.aftermathsilver.com.

The drilling program has allowed Aftermath's geological staff to verify the historic mapping data and geological sections. The data, especially from the 2004 and 2005 period which involved the bulk of previous RC drilling, has been found to be of excellent quality and has been confirmed by geological field checks and visual results of the current drill campaign. This has added major impetus to the Aftermath team's understanding of the geology of Berenguela.

Metallurgical Testwork: Metallurgical samples will be shipped to Australia, where an ongoing metallurgical program is currently completing pre-concentration magnetic separation test work on low and medium grade composites made from existing core. The metallurgical program is being conducted under the supervision of leading processing and engineering firm Ausenco. Current metallurgical testwork is focused on completion of the first phase of magnetic separation tests on composite mineralized samples, then moving into identification of the optimum process route for the manganese component.