Aya Gold & Silver Inc. (TSX: AYA) (NASDAQ: AYA) is pleased to announce record quarterly production and mining rates at its Zgounder Silver Mine, as well as advancement of its recently launched Boumadine pyrite reclaiming operation in the Kingdom of Morocco for the three-month period ended June 30, 2026.

Q2-2026 Operational Summary

• Record consolidated production of 1.68 million silver equivalent ounces, up 61% year-over-year and up 12% quarter-over-quarter; including 0.19 Moz AgEq¹ from the Boumadine pyrite reclaim operation².
• Record Zgounder silver production of 1.49 Moz Ag, up 43% YoY and up 18% QoQ.
• Record processing rate averaging 3,889 tonnes per day, representing a 7% increase over Q1-2026.
• Record mining rate averaging 4,880 tpd, for the combined open pit and underground operations.
• Silver recovery averaged 91.2% during the quarter.

“We are pleased with our second quarter performance, as our team delivered both record production and mining rates through disciplined execution. Processing rates are running at expected levels, and reflect the successful implementation of optimization initiatives. This strong operational performance positions us well to achieve our 2026 production targets.” said Benoit La Salle, President & CEO.

Q2-2026 and YTD-2026 Summary Production Results

Operational Review

Zgounder Silver Mine

Zgounder produced 1.49 Moz of silver in Q2-2026, an increase of 43% YoY reflecting sustained mine production, mill throughput, recovery and feed grade. Silver production increased 18% QoQ, driven by record throughput as operations rebounded from the seasonally lower first quarter.

The mill processed 353,888 tonnes of ore (3,889 tpd) in Q2-2026, up 29% YoY, at an average feed grade of 141 grams per tonne Ag. Mill availability remained strong at 97%. Metallurgical performance remained within expectations, with silver recovery of 91.2% for the quarter. Mill throughput was positively impacted in the quarter by a temporary crushing contractor which was mobilized in late Q1-2026. The contractor will remain on site until the planned crusher expansion at the Zgounder mill is completed, after which the need for a crushing contractor will be re-evaluated.

Mining operations achieved a record quarter in Q2-2026, with an average mining rate of 4,880 tpd at 137 g/t Ag, reflecting strong performance across both underground and open-pit operations. The open-pit mining rate reached 3,437 tpd with a strip ratio of 10, while the underground operations contributed 1,444 tpd. The construction of the second phase of the tailings storage facility (“TSF”) is expected to be completed in early Q3-2026, as planned, resulting in a return to normal open-pit operations and a gradual increase in strip ratios toward the annual mine plan ratio of 16.

The stockpile increased by 33% QoQ to 373,884 t, in line with the Company’s objective of building a three-month inventory to support the mine plan.

Boumadine

In late 2025, Aya commenced the reclaiming and sale of its historical pyrite stockpile at Boumadine. During Q2-2026, the operation produced 187,784 oz AgEq (Au:Ag ratio of 64:1)¹. Material reclaimed and crushed totaled 17,153 t at average grades of 179 g/t Ag and 2.43 g/t Au.

Reclaiming operations are progressing well. Production at Boumadine steadily increased throughout the quarter, reflecting a return to normal operating conditions following weather-related disruptions. Through the quarter, crushed pyrite production was partially stockpiled in preparation for the commencement of bulk shipments in H2-2026. The introduction of bulk shipping, alongside ongoing containerized shipments, is expected to significantly increase pyrite shipping capacity in H2-2026.

The reclamation and sale of the historical pyrite stockpile at Boumadine, announced on November 19, 2025, is expected to be of limited duration, lasting approximately 20 to 24 months from that date, or until the stockpile is depleted. The overall Boumadine polymetallic project remains at the exploration and evaluation stage and is not in commercial production.

Qualified Person

The scientific and technical information contained in this press release have been reviewed and approved by Raphaël Beaudoin, P.Eng, Vice-President, Operations of Aya, a “Qualified Person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Aya Gold & Silver Inc.

Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault — one of Africa’s most geologically rich, underexplored and mining-friendly regions.

Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility. Aya’s growth pipeline includes the Boumadine polymetallic project, where feasibility study work is underway. The project hosts a sizable mineralized footprint, and potential for further discovery.

Led by a proven team of mining professionals, Aya is guided by a vision of responsible mining and is committed to delivering sustainable value for shareholders, employees and host communities.