Mr. Benoit La Salle reports

AYA GOLD & SILVER CONFIRMS DISCOVERY OF NEW HIGH-GRADE GOLD ZONE AT ASIREM, WEST OF BOUMADINE, EXPANDS FOOTPRINT AND REPORTS HIGH-GRADE RESULTS FROM BOUMADINE MAIN TREND AND TIZI ZONE

Aya Gold & Silver Inc. has released new drilling results supporting the discovery of new gold zone at Asirem zone, west of the Boumadine Main trend in Morocco, highlighting the zone's emergence as a promising new target. Aya also reports high-grade drill results from the Boumadine Main trend and Tizi zone and has expanded its regional footprint with the acquisition of two new mining licences.

Highlights:

• Discovery of new Asirem gold zone (8.0-kilometre strike length):
  • BOU-DD25-629 intercepted 1.52 grams per tonne gold over 4.3 metres, 1.49 g/t Au over 1.0 m and 1.95 g/t over 1.0 m.
  • BOU-DD25-632 intercepted 4.53 g/t Au over 1.0 m, 2.05 g/t Au over 1.0 m, 1.82 g/t Au over 1.0 m, 1.47 g/t Au over 1.0 m and 0.98 g/t Au over 2.0 m.
  • Grab samples returned up to 12.20 g/t Au and 4.1 per cent copper north of the Asirem trend.
• Boumadine Main trend (5.4 km):
  • BOU-DD25-584 intercepted 369 g/t silver equivalent over 9.0 m (4.04 g/t Au and 41 g/t silver, 0.1 per cent zinc, 0.1 per cent lead and 0.1 per cent Cu, including 535 g/t AgEq over 4.2 m (5.98 g/t Au, 51 g/t Ag, 0.1 per cent Zn, 0.1 per cent Pb and 0.2 per cent Cu).
  • BOU-DD25-572 intercepted 232 g/t AgEq over 12.2 m (2.60 g/t Au, 23 g/t Ag, 0.04 per cent Zn, 0.1 per cent Pb and 0.1 per cent Cu), including 473 g/t AgEq over 2.2 m (5.28 g/t Au, 49 g/t Ag, 0.1 per cent Zn, 0.1 per cent Pb and 0.1 per cent Cu) and 551 g/t AgEq over 2.4 m (6.29 g/t Au, 48 g/t Ag, 0.02 per cent Zn, 0.1 per cent Pb and 0.1 per cent Cu).
  • BOU-DD25-589 intercepted 271 g/t AgEq over 10.2 m (2.90 g/t Au, 29 g/t Ag, 0.1 per cent Zn, 0.1 per cent Pb and 0.1 per cent Cu), including 692 g/t AgEq over 2.6 m (7.46 g/t Au, 71 g/t Ag, 0.1 per cent Zn, 0.1 per cent Pb and 0.4 per cent Cu).
• Tizi zone (2.0 km):
  • BOU-DD25-550 intercepted 272 g/t AgEq over 4.6 m (1.33 g/t Au, 101 g/t Ag, 1.6 per cent Zn, 1.1 per cent Pb and 0.03 per cent Cu).
• Exploration update:
  • Two new mining licences have been secured, adding 25.1 square kilometres for a total of 339.3 square kilometres.
  • The company has drilled 102,979 m at Boumadine year to date.
  • A preliminary economic assessment (PEA) on the Boumadine Main trend is expected by year-end.

"The discovery and new gold zone at Asirem, west of Boumadine's Main trend, confirms that Boumadine is evolving into a true district-scale asset with multiple mineralized trends," said Benoit La Salle, president and chief executive officer. "Drilling has traced gold over eight kilometres of strike at Asirem, with geophysics pointing to more than 10 kilometres of potential. Along with grab samples grading up to 12.2 g/t gold and 4.1 per cent copper, this new corridor highlights promising exploration opportunities. With a PEA on the Boumadine Main trend targeted for release by year-end, these results highlight additional zones of mineralization, reinforcing Boumadine's scale and optionality as one of Morocco's most significant emerging precious metals discoveries."

2025 exploration results

This year, 346 diamond drill holes, 37 reverse circulation holes and 20 multipurpose drill holes totalling 102,979 m have been completed at Boumadine. Drilling was conducted on strike along the Main trend (North zones), Tizi, Imariren as well as on some regional targets, including the recently discovered Asirem zone. The majority of results have been received for drill holes up to BOU-DD25-583 (Tables 1 and 2).

Results received so far in 2025, including holes BOU-DD25-584 and BOU-DD25-572, confirm the high-grade continuity of the Main trend, which remains open in all directions. Today's results also extend Imariren mineralization to 1.2 km. The Imariren and Tizi zones remain open in all directions.

The main mineralization generally measures one m to four m wide (locally reaching over a 10 m width) N340-oriented massive sulphide lenses/veins sharply dipping eastward (greater than 70 degrees). The massive sulphide veins (greater than 80 per cent) are mainly composed of pyrite, with variable proportions of sphalerite, galena and chalcopyrite. Tizi and Imariren share the same characteristics except for their N000 orientation.

Recently received grab results on the newly discovered Asirem zone reveal high-grade parallel structures, with results up to 12.2 g/t Au and 4.1 per cent Cu, and highlight the potential of the area. The Au-Cu surface anomalies coincide with a strong N080 geophysical feature and a regional.

Geology of Asirem is composed of a package of Neoproterozoic rocks, mainly rhyolitic tuffs in contact or in close proximity with the Cambrian sedimentary schists. The contact consists of a major normal regional fault oriented N090 to N080 injected by various quartz, quartz-carbonate and barite veins and veinlets containing various degree of Au, Cu, and traces of Ag, Pb and Zn. The veins can locally reach five m thickness and they regularly form stockworks with traces of pyrite and chalcopyrite. In it oxidized phase, malachite, azurite and chalcosite are present. The Asirem structure can be followed on surface over a trend of more than 10 km within the company's permits.

Next steps

Significant upside potential exists to expand the Boumadine Main trend, which currently extends 5.4 km, the Tizi zone, which currently extends 2.0 km, and the Imariren zone, with a current extension of 1.2 km; the three trends remain open in all directions. In addition, follow-up drilling will take place at the newly discovered eight-kilometre Asirem trend. Currently, the corporation has mobilized drill rigs to complete the 100,000-metre-to-140,000-metre drilling program. Half of the drilling is focused along the Main trend, Imariren and Tizi to continue extending the known mineralization trend along strike and at depth and to infill known areas advancing the project toward a preliminary economic assessment. The remaining 50 per cent will focus on greenfield exploration designed to test geological hypotheses and drill targets generated from the past three years of work. The results from continuing geology work will determine additional development work.

Technical information

Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core and RC chips. 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. For drilling using RC, all individual samples represent 1.0 m in length and a representative portion is kept for every metre in some chip trays stored on site. A split sample representing one-16th, ranging from two to four kilograms, is sent for preparation and assaying to Afrilab in Marrakech, Morocco.

All samples are analyzed for silver, copper, iron, lead, zinc, tin and molybdenum using aqua regia and finished by atomic absorption spectroscopy (AAS). Samples grading above 200 g/t Ag are reanalyzed using fire assaying. Gold is assayed by fire assaying. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

Qualified person

The scientific and technical information contained in this press release has been reviewed by David Lalonde, BSc, PGeo, vice-president, exploration, qualified person, 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 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 Anti-Atlas fault, several of which have hosted past-producing mines and historical resources.

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.

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