Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) announces that it has filed on SEDAR an amended version of the independent feasibility study technical report (the “Technical Report”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) for the expansion of the Zgounder Silver Mine in the Kingdom of Morocco.

The Technical Report, dated June 16, 2022, has been filed under the continuous disclosure review program of the Autorités des marches financiers. The amendments to the Technical Report replace certain members as external independent qualified persons to comply with NI 43-101 and do not change the accompanying mineral reserve estimates, economic analysis, conclusions, and recommendations provided in the original report dated March 31, 2022, for the expansion of the Zgounder Silver Mine. The effective date of the Technical Report remains the same as in the original report. There are also no differences between the Technical Report and the information disclosed in the February 22, 2022 news release.

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 is focused on maximising shareholder value by anchoring sustainability at the heart of its production, resource, governance, and financial growth plans.