Aftermath Silver Ltd. provided an update on the Berenguela silver-copper-manganese project in southern Peru. On March 2nd, 2023 the Company published an updated and expanded mineral resource for the property. Drilling in 2021-2 was in part designed to obtain bulk (PQ diameter) core samples from various geological and metallurgical domains at Berenguela.

A comprehensive bench-test beneficiation program on selected composite core samples is being designed by Kappes Cassidy of Reno, Nevada, USA, focusing on optimising processing and recoveries of silver, manganese, copper, and zinc, and on potential manganese products including agricultural and battery grade manganese sulphate (MnSO4). The Company currently anticipates completion of the program in Q3/Q4 of 2023. The results will provide key technical inputs for Aftermath's planned Preliminary Economic Analysis which is expected to begin in late 2023.

Composite core samples, representing the key mineralized domains, are now being assembled at the Company's core storage facility in Arequipa. They will be shipped to KCA's facility in Reno to facilitate pre-treatment beneficiation testing which will include ore-sorting. As a first step, initial visual evaluations are being carried out on core samples from current and historic drilling focusing on the distribution of various minerals and their relationship with assay grades.

Fieldwork is expected to recommence in June with exploration and mapping east of the known mineralisation on potential extensions indicated by outcrops, historic drilling and existing underground workings. The work will also investigate a potential intrusive centre to the east of the main Berenguela mineralization. Bereguela Mineral Resource: The Mineral Resource at Berenguela, reported in accordance with National Instrument 43101 ("NI 43101") and completed by AMC Mining Consultants (Canada) Ltd. ("AMC") contains 101.2 Moz Ag + 589 Mlbs CU+ 2.45Mt Mn in Measured and Indicated Resources and 38.8 Moz Ag + 204 Mlbs Cu + 0.8Mt Mn in Inferred Resources detailed in the table below and in Aftermaths news release dated March 2nd, 2023.