Aftermath Silver Included In 2024 TSX Venture 50

Rhea-AI Summary

Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has been ranked #32 in the 2024 TSX Venture 50™ list, which recognizes top-performing companies on the TSXV. The company achieved a 63% increase in share price during 2024. Nearly two-thirds of the 2024 TSX Venture 50 companies are mining companies, with many focused on critical minerals and precious metals.

The company has an option to acquire 100% interest in the Berenguela Project through an agreement with SSR Mining. Located in Peru's Puno province, Berenguela hosts a potentially open-pittable silver-copper-manganese resource. The project is strategically positioned less than 6km from road, rail, and power lines. Aftermath published a resource estimate in March 2023 and is currently conducting metallurgical testing to produce silver, copper, and commercial-grade manganese products.

Positive

• Achieved 63% share price increase in 2024
• Ranked #32 in 2024 TSX Venture 50™ list
• Strategic location of Berenguela Project with proximity to infrastructure
• Focus on critical minerals (copper and manganese) designated by US and EU

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to announce that it has been included at number 32 in the 2024 TSX Venture 50™ list. The TSX Venture 50™ is a ranking of the top fifty performing companies on the TSXV over the prior year.

Ralph Rushton President and CEO, commented, "The Aftermath team is honored to be included in the TSX Venture 50™ for 2024. It's a very satisfying recognition of our team's efforts both on the technical side and of marketing efforts through the year. In 2024 we delivered a 63% increase in our share price for our shareholders, and we hope to continue to deliver attractive shareholder returns in 2025 as we work toward transforming Aftermath into a critical metals producer."

Announcing the Top 50, Tim Babcock, the President of the TSX Venture Exchange said: "The performance of the TSX Venture 50 underscores the strategic importance of Canadian natural resources and high-growth innovation. With heightened demand for critical minerals, energy security and transition, and advanced manufacturing, this year's TSX Venture 50 showcases how TSXV is empowering Canadian businesses to raise capital, scale operations, and contribute to a secure and prosperous future for Canada."

TSX Venture 50 is an annual ranking of the top-performing companies over the last year on TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value. Nearly two-thirds (31 of 50) of the 2025 TSX Venture 50 are mining companies, many of which, like Aftermath, are focused on critical minerals and precious metals.

Berenguela Project: Background

• The Company has an option to acquire a 100% interest in Berenguela through a binding agreement with SSR Mining.

• Berenguela hosts a potentially open- pittable silver-copper-manganese resource close to Santa Lucia in Puno province, southern Peru.

• Silver, copper and manganese have crucial industrial applications in the clean energy and battery spaces. Copper and manganese have been designated critical metals by the US government and the European Union.

• The project is less than 6km from road, rail and power lines and 4 hours from Arequipa by sealed road.

• Aftermath published a resource estimate in March 2023 based on over 300 core and RC holes.

• Metallurgical test work is underway adding to historic work, with the goal of producing silver and copper metal and a commercial battery-grade or fertilizer-grade manganese product.

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 the development of critical metals projects. Aftermath is a preeminent silver development company with significant leverage to copper and high purity battery grade manganese. The Company's flagship asset is the Berenguela silver, copper and manganese deposit located in Southern Peru.

ON BEHALF OF THE BOARD OF DIRECTORS

"Ralph Rushton"

Ralph Rushton
CEO and Director
604-484-7855

The TSX Venture Exchange does not accept 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 increases in capital costs; exploitation and exploration results; continued availability of capital and financing; differing results and recommendations in the Feasibility Study; 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 risk 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 Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (''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 disclosure 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 (the "SEC"), 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. companies.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241316

FAQ

What was Aftermath Silver's (AAGFF) share price performance in 2024?

Aftermath Silver (AAGFF) achieved a 63% increase in share price during 2024.

What is Aftermath Silver's (AAGFF) ranking in the 2024 TSX Venture 50?

Aftermath Silver (AAGFF) was ranked #32 in the 2024 TSX Venture 50 list.

Where is Aftermath Silver's (AAGFF) Berenguela Project located?

The Berenguela Project is located near Santa Lucia in Puno province, southern Peru, less than 6km from road, rail, and power lines.

What resources does Aftermath Silver (AAGFF) target at the Berenguela Project?

The Berenguela Project targets silver, copper, and manganese resources, with copper and manganese being designated as critical metals by the US and EU.

When did Aftermath Silver (AAGFF) publish its resource estimate for Berenguela?

Aftermath Silver published a resource estimate for the Berenguela Project in March 2023, based on over 300 core and RC holes.