Aya Gold & Silver Inc. (TSX: AYA) is pleased to report additional underground silver assay results from its 2021 drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.

Key Highlights (all intersections are in core lengths)

T28 percussion holes were carried out in three areas located at the 1,975 meters, 2,100m and 2,125m levels to the east:

• At the 2,125m level, continuation of the eastern trend at depth by T28-21-2125-203 which encountered 2,417 grams per tonne silver over 12m including:
  • 13,727 g/t Ag over 1.2m
  • 3,029 g/t Ag over 1.2m
  • 4,808 g/t Ag over 1.2m
  • 1,370 g/t Ag over 1.2m
• At the 2,100m level, validation of the vertical continuity with high-grade intercepts such as T28-21-2100-188bis, which generated 480 g/t Ag over 13.2m including
  • 2,151 g/t Ag over 1.2m
  • 2,113 g/t Ag over 1.2m
• At the 1,975m level, extension of high-grade underground mineralization in a previously untested area below current operations with T28-21-1975-253, which returned 3,272 g/t Ag over 7.2m and with T28-21-1975-253bis which intersected 3,101 g/t Ag over 7.2m including
  • 13,671 g/t Ag over 1.2m
  • 3,680 g/t Ag over 1.2m
• Ongoing definition of high-grade mineralisation below current mine operations with ZG-21-45, which returned 1,030 g/t Ag over 4.5m and 537 g/t Ag over 5.0m

“We are delighted with today’s results, which continue to demonstrate Zgounder’s high-grade potential at depth.  In particular, holes T28-21-2125-203, T28-21-1975-253 and T28-21-1975-253bis rank among our top all-time best drill intercepts at Zgounder on a grade by thickness basis. These newly drilled high-grade mineralized pods located below the current mining galleries validate continuity at depth and to the east at Zgounder,” said Benoit La Salle, President & CEO.

Included in this release are results for 70 diamond drill holes (“DDH”), which include three DDH from surface and 67 underground percussion holes. For a full summary of today’s results from the 2021 drill program, refer to Appendix 1 for surface results and Appendix 2 for underground results.

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

Figure 1: Location of DDH Results at Zgounder from Surface and Underground Drilling as per Appendixes 1 & 2

Quality Assurance

For core drilling, all individual samples represent approximately one meter in length of core, which is halved (1.2m length for T28 percussion samples). For core material, 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 in Marrakech, Morocco. All samples are analysed 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 reanalysed using fire assaying.

Marc-Antoine Audet, Ph.D. P. Geo, Geological Consultant, 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 Surface Drilling at Zgounder (core lengths)

Appendix 2 – Mineral Intercepts from Underground Drilling at Zgounder (core lengths)