Mr. Benoit La Salle reports

AYA GOLD & SILVER ANNOUNCES HIGH-GRADE SILVER DRILL RESULTS AT ZGOUNDER

Aya Gold & Silver Inc. has released additional drill results, confirming high-grade silver mineralization at the Zgounder silver mine in Morocco.

Key highlights (all intersections are in core lengths):

• Diamond drill hole DZG-SF-22-162 intercepted 1,242 grams per tonne silver over 9.0 metres, including 2,052 g/t Ag over 5.0 m.
• In the open-pit area to the east, reverse circulation (RC) drill hole ZG-RC-23-2230-212 intercepted 2,812 g/t Ag over eight m, and ZG-RC-CT7-P63-23-63 intercepted 2,227 g/t Ag over 7.0 m, including 6,768 g/t Ag over 2.0 m.
• In the central zone from the 1,950 m level:
  • Hole TD28-23-1950-704 intercepted 1,893 g/t Ag over 12.0 m, including:
    • 4,295 g/t Ag over 4.8 m.
  • Hole TD28-23-1950-699 intercepted 1,423 g/t Ag over 9.6 m, including:
    • 3,474 g/t Ag over 3.6 m.
  • Hole TD28-23-1950-752 intercepted 858 g/t Ag over 12.0 m, including:
    • 6,552 g/t Ag over 1.2 m.
  • Hole TD28-23-1950-765 intercepted 846 g/t Ag over 12.0 m, including:
    • 2,238 g/t Ag over 3.6 m.
• From surface in the western zone, hole ZG-SF-23-010 intercepted 812 g/t Ag over 13.5 m, including 2,207 g/t Ag over 4.5 m.
• In the central zone at the 2,100 m level, hole YAKD-23-2100-202 intercepted 1,005 g/t Ag over 30 m, including 2,354 g/t Ag over 12 m.

"Today's high-grade drill results, including hole ZG-RC-23-2230-212 near the open-pit area to the east, continue to demonstrate continuity of mineralization from surface and at depth over the larger footprint of the deposit," said Benoit La Salle, president and chief executive officer. "We are also very encouraged by the YAKD-23-2100-202 result through definition drilling and expect more significant intercepts in the coming months as we accelerate underground drilling at Zgounder."

Included in this release are results for 397 holes, which include five surface DDH, 13 underground DDH, 284 RC drill holes from pit definition drilling, 95 T28 holes and 26 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer).

Quality assurance/quality control

For core drilling, all individual samples represent approximately one metre 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 assay.

For definition drilling using T28 drilling equipment, all individual samples represent 1.2 m 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 assay. At ZMSM, all samples are analyzed for silver only using aqua regia and finished by AAS. Rigorous quality controls are applied at both locations.

David Lalonde, BSc, PGeo, head of exploration, Aya Gold & Silver's qualified person, has reviewed this press release for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver is a rapidly growing, Canada-based silver producer with operations in Morocco.

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 has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance and financial growth plans.

We seek Safe Harbor.