Mr. Benoit La Salle reports

AYA GOLD & SILVER UNLOCKS NEAR-TERM VALUE AND ADVANCES ENVIRONMENTAL REMEDIATION WITH SALE OF PRECIOUS METALS FROM LEGACY BOUMADINE STOCKPILE

Aya Gold & Silver Inc. has started commercial production from a historical flotation stockpile of precious-metal-rich pyrite concentrate, located within its Boumadine mining licence. Recovering these metals will help reduce the environmental footprint of past operations, support rehabilitation of the area and generate positive cash flow contributing to the Boumadine project. The stockpile was generated during legacy lead and zinc flotation operations in the late 1980s and early 1990s.

Project highlights:

• Aya entered into an offtake agreement with an international buyer for the purchase of the legacy stockpile:
  • Production volume: monthly production and shipment of the historical flotation product over the next 20 to 24 months, or until recoverable material is exhausted, estimated at a rate of 10,000 tonnes per month;
  • An estimated 2.5 million silver equivalent ounces to be produced and shipped over the above period;
  • Average anticipated resource grades of approximately 2.30 grams per tonne gold and 144 grams per tonne silver.

"The commercialization of the historical Boumadine stockpiles offers two key benefits. We are cleaning up legacy operations by removing unwanted acid-generating material from the site near the planned open pit and establishing commercial relationships with future offtakers of our pyrite product," said Benoit La Salle, president and chief executive officer. "Unlocking value from legacy pyrite concentrate highlights the commercial potential and marketability of the gold- and silver-rich pyrite concentrate that Boumadine will produce during operation."

Project overview

As part of historical operations at the Boumadine property, approximately 260,000 tonnes of ore were mined, producing lead and zinc concentrates. Precious metal recoveries averaged approximately 30 per cent for gold and 40 per cent for silver, leaving byproducts with commercially meaningful grades of both metals. The recoverable volume will be further refined during project execution.

Favourable market conditions, including precious metal prices, limited supply and continuing demand for sulphur, have created an opportunity to commercialize the historical flotation byproduct. The company has received interest from multiple offtakers, confirming market demand and commercially viable payable levels.

To support commercialization, Aya has mobilized a team, equipment and contractors for loading and handling and engaged surveying services to ensure precise tracking of operations. The logistics chain has been planned, with the product transported by truck from the site to an inland port and then by rail to the seaport and finally shipped by container to offtakers. Sampling and analysis programs are in place to ensure quality and compliance throughout the shipment process.

As of the date of this press release, a total of 2,500 tonnes of product have already been loaded and shipped to the dry-port facility in Morocco, where it is being loaded in sea containers for final shipping to the client. The first payment from the offtaker is anticipated by year-end. Cash generated by this operation will contribute to the development of the Boumadine project. The project seeks to limit environmental impact while maximizing recovery of marketable materials.

Qualified person

The technical information contained in this press release has been reviewed and approved by Raphael Beaudoin, PEng, vice-president, operations, and by David Lalonde, BSc, PGeo, vice-president, exploration, each a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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.

We seek Safe Harbor.