Montreal, Quebec, February 14, 2024 - Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce it has closed its previously announced offering of 7,573,900 common shares in the capital of the Corporation (the "Shares"), at a price of $10.25 per Share for gross proceeds of approximately $77,600,000 (the "Offering"). In connection with the Offering, the Underwriters (defined below) exercised their over-allotment option in full where an additional 987,900 Shares were purchased for aggregate gross proceeds of approximately $10,125,000.