Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased to announce additional 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 Eastern Zone near the open-pit area:
  • Hole ZG-RC-24-277 intercepted 2,425 g/t grams per tonne silver over 17.0 meters, including 6,311 g/t Ag over 5.0m
  • Hole ZG-RC-24-228 intercepted 1,356 g/t Ag over 20.0m, including 1,799 g/t Ag over 14.0m
  • Hole ZG-RC-24-345 intercepted 876 g/t Ag over 16.0m, including 2,018 g/t Ag over 5.0m
  • Hole ZG-RC-24-154 intercepted 711g/t Ag over 19.0m, including 1,229 g/t Ag over 7.0m

• In the Central Zone from the 1,950m level:
  • Hole DZG-SF-24-219 intercepted 321 g/t Ag over 21.0 m, and 396 g/t Ag over 11.0m
  • Hole DZG-SF-24-293 intercepted 1,119 g/t Ag over 6.0m, including 2,432 g/t Ag over 2.5m
• At depth near the granite contact:
  • Hole ZG-SF-24-206 intercepted 1,071 g/t Ag over 3.5m, and 1,299 g/t Ag over 3.5m including 3,640 g/t Ag over 1.0m
  • Hole ZG-SF-24-218 intercepted 636 g/t Ag over 11.0m including 1,560 g/t Ag over 4.0m

• 34,809m of the 2024 exploration program drilled year to date

“Today’s high-grade silver drill results, particularly from holes ZG-RC-24-277 and ZG-RC-24-228, confirm the continuity of silver mineralization at Zgounder,” said Benoit La Salle, President & CEO. “The exceptional intercepts from these holes highlight the potential to significantly increase high-grade ounces within and near the open pit area, strengthening our confidence in expanding open-pit operations in the near term. Additionally, high-grade intercepts near the granite contact, such as ZG-SF-24-206 and ZG-SF-24-218, further emphasize the opportunity for resource expansion at depth. With four underground and one RC rig currently active, we anticipate a steady flow of results in the coming months to further enhance our understanding and resource potential.”

Included in this release are results from 291 holes, which include 6 surface Diamond Drill (“DDH”), 99 underground DDH, 123 Reverse Circulation (“RC”), 41 T28 and 22 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)

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, Vice-President 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, subject to the announcement of September 12, 2024, will be developed by Mx2 Mining, a new spinout gold-growth company.

Aya’s management team has been focused on maximizing 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.