Mr. Paul Huet reports

AMERICAS GOLD AND SILVER ANNOUNCES AGREEMENT WITH SPROTT MINING INC. TO TERMINATE SILVER DELIVERY AGREEMENT

Americas Gold and Silver Corp. has reached an agreement with Sprott Mining Inc. to terminate the remaining obligation under the existing silver delivery agreement in exchange for shares of the company.

The agreement is to terminate the remaining 592,000 ounces of silver under the company's silver delivery agreement in exchange for 7,956,696 common shares of the company issued at a deemed price of $5.57 (U.S.) per share (see Americas Gold and Silver's news release dated Dec. 19, 2024, for further details regarding the silver delivery agreement). The share issuance to Sprott Mining is subject to Toronto Stock Exchange approval and will be subject to a four-month hold period under applicable securities laws.

Paul Andre Huet, chairman and chief executive officer, commented: "Today's announcement marks a significant step in further strengthening both our balance sheet and business via a very strong endorsement made by our largest shareholder. Mr. Sprott's decision to convert his silver stream agreement into additional Americas equity at a share price materially above his initial entry as part of the consolidation transaction reflects his strong commitment to and belief in the value yet to be unlocked in our significant asset base. I would like to personally thank Mr. Sprott for his continued support and increased participation in our business as he becomes an even larger shareholder in Americas.

"The elimination of the silver stream agreement removes over $45-million in variable future debt obligations. By removing this encumbrance, we enable the strong progress of our operations to drive returns and silver price leverage for our shareholders directly to our bottom line. At current spot prices, this also represents a significant reduction of future cash debt service, allowing us to reinvest in operations for the benefit of our shareholders."

Eric Sprott commented: "I have been very pleased with the outperformance of my investment in Americas Gold and Silver following the consolidation of my ownership of Galena in late 2024. In converting my silver stream into additional Americas equity, I am looking forward to increased exposure to what I believe is one of the most prolific silver mines globally operated by a management team that knows how to mine, scale production and drive productivity."

About Americas Gold and Silver Corp.

Americas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead and antimony from high-grade operations in the United States and Mexico. In December, 2024, Americas acquired 100-per-cent ownership of the Galena complex (Idaho) in a transaction with Mr. Sprott, former 40-per-cent Galena owner, becoming Americas Gold and Silver's largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December, 2025, Americas acquired the fully permitted, past-producing Crescent silver mine (nine miles from Galena) with the world's third-highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February, 2026, Americas formed a 51/49 joint venture with U.S. Antimony to build a new antimony processing hub at Galena, creating a U.S. mine-to-finished-product antimony solution. Americas also owns and operates the Cosala operations in Sinaloa, Mexico. Americas Gold and Silver is fully financed to aggressively grow production at the Galena complex and Crescent and in Mexico, with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.

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