Montreal, Quebec, February 4, 2025 - Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce it has secured the right to four (4) additional mining licences, expanding the Boumadine exploration footprint by 28.3% to over 272 square kilometers (“km2”) in the Kingdom of Morocco.

Highlights:

• Acquired 4 mining licences totaling 59.9 km2 in the Boumadine area (Figure 1).

• Secured a 600 km2 exploration authorization surrounding Boumadine.

• Completed 17,034 meters (“m”) of drilling at Boumadine in January 2025 with over 30,000 assays pending.

“Over the past 15 months we have increased our footprint at Boumadine by 848%, aligning with our vision to consolidate ground around this world-class asset,” commented Benoit La Salle, President & CEO. “By systematically applying advanced technology and modern exploration techniques, we will continue to generate drill targets potentially leading to a significant resource increase at Boumadine and driving further growth in the near future.”

Boumadine Project

With the addition of four new mining licences, Boumadine now covers 272 km2 of highly prospective ground. Furthermore, the Corporation has secured the rights of a 600 km2 exploration authorization, which allows Aya to carry out exploration activities and provides Aya with priority over any unclaimed land within the authorized area. Aya will continue to proactively add exploration permits as it develops a greater understanding of the regional geology, structure, and mineralization models.

A total of 17,034m of drilling was completed in January. Currently, 11 diamond drill rigs and one reverse circulation drill (“RC”) rig are turning at Boumadine, with two additional RC rigs expected to be added in the coming months as part of the 2025 exploration program. The Corporation will test targets generated by previous drilling, hyperspectral survey, detailed airborne geophysics (magnetics and electromagnetics), detailed mapping and prospecting.

Over 30,000 assays are still pending at Boumadine. The Corporation is working closely with external labs to increase the delivery of results and reduce the turnaround time in the coming months.

Figure 1: Boumadine Permits Overlaying the Apparent Conductivity Airborne Regional Survey

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. Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core. Drill core samples were transported in sealed bags for analysis at Afrilab laboratory in Marrakech. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

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.