Mr. Benoit La Salle reports

AYA GOLD & SILVER PUBLISHES INAUGURAL CLIMATE CHANGE REPORT

Aya Gold & Silver Inc. has released its inaugural climate action report. The report is a significant milestone for Aya and follows our February, 2023, press release announcing the signing of a renewable energy power purchase agreement (PPA), which will reduce the Zgounder silver mine's carbon intensity by 88 per cent in 2025.

Benoit La Salle, president and chief executive officer, said: "Aya has made significant strides in understanding our carbon footprint and addressing climate-related risks and opportunities over the past three years. Through Zgounder's 2024 connection to renewable energy power, we are driving an 88-per-cent reduction in greenhouse gas (GHG) emissions in 2025 that will position it among the lowest-carbon silver mines in the world. In this report, we also detail the on-site initiatives under way to enhance water storage, tracking and access with the aim of improving physical and community resiliency and setting water targets in 2024. We will also continue to enhance climate-related reporting, including strengthening our Scope 3 emissions approach and disclosing our water and climate impacts through CDP for the first time."

The report was prepared in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and outlines how Aya is addressing climate change risks and opportunities and the resiliency of its Zgounder silver mine to climate impacts.

2022 highlights from climate action report:

• Signed a 100-per-cent-renewable-energy PPA for the Zgounder silver mine;
• First Scope 3 GHG emission calculation;
• Recycled 61 per cent of total water used, a 6-per-cent improvement over 2021.

2024-2025 objectives:

• 98-per-cent reduction in Scope 2 emissions compared with business as usual in 2025;
• 88-per-cent reduction in overall emissions by 2025 compared with 2021 base year;
• Targeted emission intensity figure of 11.2 tonnes of CO2e (carbon dioxide equivalent) per thousand of tonnes of ore processed;
• Approximately 500,000 tonnes of CO2e emissions saved over life of mine by signing of PPA;
• Engagement and support of the company's supply chain to improve Scope 3 calculations.

The report complements Aya's 2022 sustainability report and ESG (environmental, social and governance) report, all of which are available for download on the company's website.

About Aya Gold & Silver Inc.

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

The only Toronto Stock Exchange 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 maximizes shareholder value by anchoring sustainability at the heart of its production, resource, governance and financial growth plans.

We seek Safe Harbor.