Montreal, Quebec, December 21, 2022 - Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce additional drill exploration results, confirming the extension of high-grade silver mineralization at depth at the Zgounder Silver Mine in the Kingdom of Morocco.

Key Highlights (all intersections are in core lengths)

At the central zone just below 2,000 meter (“m”) level extending the high-grade zone discovered recently,

hole TD28-22-2000-308 intercepted 3,956 grams per tonne (“g/t”) silver (“Ag”) over 21.60m including

5,792 g/t Ag over 14.40m

hole TD28-22-2000-305 intercepted 5,691 g/t Ag over 9.60m including

8,840 g/t Ag over 6.00m

hole TD28-22-2000-307 intercepted 1,972 g/t Ag over 15.60m including

2,538 g/t Ag over 12.00m

Surface drilling including ZG-DCD-22-06 at the bottom contact with the granite intersected 1,220 g/t Ag over 6.50m and 5,132 g/t over 2.50m. ZG-22-64, intersected 2,074 g/t over 3.50m, confirming high-grade mineralization at, or near, the contact with the granite.

“Today’s surface drilling results are part of our drill exploration program aimed at extending the high-grade mineralization at depth towards the granite contact at Zgounder.”“We are very pleased with the overall continuity of the deposit, which continues to expand the known mineralization and deliver high-grade ounces.”

 Benoit La Salle, President & CEO.

From diamond definition drilling, DZG-SF-22-129 intercepted 708 g/t Ag over 11.00m, DZG-SF-122 intercepted 646 g/t over 11.00m and DZG-SF-135 intercepted 423 g/t over 13.50m upward from level 2,030m.