Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased to announce high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.

Highlights (all intersections are in core lengths)

• In the Central Zone from the 1,950m level:
  • hole DZG-SF-24-065 intercepted 2,870 grams per tonne (“g/t”) silver (“Ag”) over 6.5 meters (“m”), including 7,229 g/t Ag over 2.0m
  • hole DZG-SF-24-057 intercepted 1,252 g/t Ag over 4.0m
  • hole DZG-SF-24-070 intercepted 896 g/t Ag over 6.0m, including 3,820 g/t Ag over 1.0m
• In the Western Zone from the 2,000m level:
  • hole DZG-SF-24-027 intercepted 7,631 g/t Ag over 1.5m
  • hole DZG-SF-24-056 intercepted 625 g/t Ag over 14.0m, including 2,677 g/t Ag over 2.0m
  • hole DZG-SF-24-060 intercepted 2,005 g/t Ag over 3.0m
  • hole DZG-SF-24-064 intercepted 403 g/t Ag over 12.5m
  • hole DZG-SF-24-067 intercepted 935 g/t Ag over 8.5m, including 4,440 g/t Ag over 1.5m
• In the Eastern Zone from the 1,950m level:
  • hole DZG-SF-24-082 intercepted 656 g/t Ag over 12.0m, including 928 g/t Ag over 6.0m
• Exploration holes near the granite contact:
  • ZG-SF-24-123 intercepted 5,696 g/t Ag over 2.5m
  • ZG-SF-24-110 intercepted 523 g/t Ag over 13.0m including 4,638 g/t Ag over 1.0m
  • ZG-SF-24-142 intercepted 522 g/t Ag over 14.5m including 1,356 g/t Ag over 4.5m
• 15,200m of the 2024 underground exploration program drilled year to date

“Today’s high-grade drill results including hole DZG-SF-24-065 continue to confirm high-grade continuity of silver mineralization at Zgounder,” said Benoit La Salle, President & CEO. “These silver-rich intercepts near the granite contact indicate strong resource potential at depth. We currently have four underground rigs turning and will deliver additional results in the coming months.”

Included in this release are results for 204 holes, which include 105 underground DDH, 70 T28 and 29 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer). For a full summary of today’s results, refer to Appendix 1.

Table 1 – Significant Intercepts from Drilling at Zgounder (core lengths)

¹ _{Holes were drilled at various angles; true widths are unknown at this time.}
² _{All assay results are above the cut-off grade of 75 g/t Ag}

Figure 1: Location of Drill Results at Zgounder

Quality Assurance

For core drilling, all individual samples represent approximately one meter in length of core, which is halved. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab”) in Marrakech, Morocco. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by atomic absorption spectroscopy (“AAS”). Samples grading above 200 g/t Ag are reanalyzed using fire assaying.

For definition drilling using T28 drilling equipment, all individual samples represent 1.2m in length. Samples are assayed at either the Zgounder Mine laboratory or at Afrilab. At Afrilab, all samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by AAS. Samples grading above 200 g/t Ag are reanalyzed using fire assaying. At ZMSM, all samples are analyzed for silver only using Aqua regia and finished by AAS. Rigorous quality controls (QaQc) are applied at both locations.

David Lalonde, B.Sc. P. Geo, Head of Exploration, is Aya Gold & Silver’s Qualified Person and has reviewed this press release for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya’s Moroccan mining assets are complemented by its Tijirit Gold Project in Mauritania, which is being advanced to feasibility.

Aya’s management team has been focused on maximising shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans.

Appendix 1 – Mineral Intercepts from Drilling at Zgounder (core lengths)

¹ _{Holes were drilled at various angles, true widths are not known at this time.}
² _{All assay results are above the cut-off grade of 75 g/t Ag.}