Mr. Paul Huet reports

AMERICAS GOLD AND SILVER ANNOUNCES AGREEMENT WITH AFFILIATE OF ROYAL GOLD TO SETTLE FIXED GOLD DELIVERY OBLIGATION

Americas Gold and Silver Corp. has reached an agreement with International Royalty Corp., an affiliate of Royal Gold Inc., to settle its remaining obligation to deliver a total of 8,861 ounces of gold to IRC over the period between June, 2026, and December, 2027, under the existing precious metal delivery and purchase agreement dated April 3, 2019, as amended. The precious metal delivery agreement was originally entered into with Sandstorm Gold Ltd. as part of the Relief Canyon transaction in 2019 (see Americas' news release dated April 3, 2019), prior to Sandstorm Gold's acquisition by IRC in October, 2025.

Under the terms of this transaction, the company's obligation to deliver 8,861 ounces of gold will be settled in exchange for immediate delivery by the company of 5,000 ounces of gold and 2,652,532 common shares of the company issued at a deemed price of $5.86 (U.S.) per share. The purchase and delivery of the 5,000 ounces of gold are being financed with the proceeds of the unwinding of the in-the-money gold price protection instruments put in place by the company in relation to this liability (of approximately $7-million (U.S.)) and cash on hand. The share issuance to IRC 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: "Following on Americas' announcement of the termination of the silver delivery obligation to Sprott Inc. (see Americas' news release dated May 22, 2026), today's announcement marks yet another significant step in further strengthening our balance sheet and overall business.

"The settlement of the fixed gold delivery obligation under the precious metals delivery agreement with IRC removes over $40-million in variable future debt obligations, which fluctuate with the price of gold. We are also pleased that our pro-active gold price protection instruments entered in mid-2025 have yielded an approximate $7-million (U.S.) return for shareholders, positively offsetting our cash outlay.

"By removing this gold price linked obligation, as well as the previously announced agreement to terminate the Sprott silver deliver agreement, we have now eliminated over $85-million (U.S.) in variable future debt obligations at a very compelling equity valuation. We expect the removal of these legacy liabilities to have a significantly positive impact by further increasing silver price leverage for our shareholders and simplifying the silver price relationship to our bottom line. At current spot prices, this also represents another significant reduction of future cash debt service costs, allowing us to reinvest in operations for the benefit of our shareholders."

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 Eric Sprott, former 40-per-cent Galena owner, becoming Americas' 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 is fully financed to aggressively increase production at the Galena complex, at Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.

We seek Safe Harbor.