Mr. Paul Huet reports

AMERICAS GOLD AND SILVER CORPORATION ANNOUNCES RECORD QUARTERLY SILVER PRODUCTION AND SALES OF 800,458 OUNCES PRODUCED AND 860,850 OUNCES SOLD

Americas Gold and Silver Corp. had record consolidated silver production of 800,458 ounces for the third quarter of 2026. During the quarter, the company sold a record 860,850 ounces of silver.

Consolidated lead production for the quarter was 964,551 pounds (sales of 1,417,512 pounds), consolidated copper production was 918,456 pounds (sales of 928,967 pounds) and consolidated antimony production was 101,011 pounds (sales of 121,691 pounds). Detailed production and sales metrics split by operation are outlined in Table 1.

Americas' unaudited consolidated cash balance as at Sept. 30, 2026, was $63-million (U.S.), in line with expectations as the company continued to deploy capital into its revitalization and growth plan. Available liquidity was $113-million (U.S.), inclusive of the company's existing credit facility with SAF with $50-million (U.S.) liquidity available.

Paul Andre Huet, chairman and chief executive officer, commented: "During the third quarter, Americas continued to make strong progress both in growing production today and in advancing the major capital projects required to create a firm foundation for sustained higher production levels, not just in the quarters to come, but more importantly in the years and decades ahead.

"I am very proud to announce that we achieved a new company record of consolidated silver production of 800,458 ounces, driven by strong operational performance form Cosala and solid progress recovering from temporary production interruptions at the Galena complex during the prior quarter executed in tandem with advancing all of our critical projects on schedule.

"At Cosala, we delivered another exceptional quarter with silver production of 415,879 ounces, a 23-per-cent quarter-over-quarter increase. Strong grade performance continued as we entered the heart of the EC120 orebody bolstered by strong muck movement underground -- an exceptional performance by our Mexican team -- which exemplifies the importance of this operation as part of our growth strategy. I am certainly excited to see what we can deliver in 2027 at Cosala given the outstanding recent drilling successes we have announced. Infill and stepout drilling returned some spectacular results, highlighted by 20.5 metres grading 654.7 g/t Ag and 1.5 per cent Cu just outside the 2025 inferred mineral resource boundary at EC120, which is over five times higher than the EC120 2025 inferred mineral resource grade.

"On a consolidated basis for the first three quarters of 2026, silver production stands at 2.3 million ounces, which continues to be inline with our 2026 expectations.

"With the strong year-to-date performance at Cosala, we have been able to push even more aggressively on the critical infrastructure projects and development at Galena necessary to support significantly increased and sustainable production levels in future years. Alongside critical projects such as advancing construction of the paste fill plant and upgrading the No. 3 hoist, we have also begun executing secondary debottlenecking projects such as the addition of four new grizzlies above our ore shoot loading pockets (a first at Galena and a significant step forward in tram loading times from five minutes to 20 seconds to load one four-ton car, which represents a 1,500-per-cent efficiency increase) as well as running fibre optic communications throughout the mine. These secondary projects represent the next major phase of optimization work at Galena. With numerous primary bottlenecks now removed, the Galena team has also begun to advance the significant waste development required to set up future long hole stoping in our higher-grade Ag-Cu-Sb (silver-copper-lead) veins at Galena, which will sustain, and support elevated future production levels. Waste development is one of the most critical rolling priorities in setting up future growth and operational flexibility in an underground mine and I am impressed by the strong performance of the team as we scale these efforts. Over all, a tremendous amount of work has been completed with numerous concurrent projects under way. I am very pleased with our progress and the acceleration of our optimization work which has been supported by the strong cash generation of our Mexican operation.

"Americas' aggressive growth trajectory remains on track to deliver full-year 2026 silver guidance of between 3.2 to 3.6 million ounces at all-in sustaining costs of $30 (U.S.) to $35 (U.S.) per ounce. As previously indicated, the company expects full year production to be weighted to the second half of the year with associated lower costs. Our cash balance is also tracking directly in line with our budgeted spend as we continue to invest in the growth of our operations.

"Lastly, on the corporate front, we were very proud to be named to the 2026 TSX30, the Toronto Stock Exchange's annual ranking of the 30 top-performing companies based on dividend-adjusted share price performance over a three-year period, in which Americas' share price increased by 477 per cent. We'd like to thank our shareholders for their support and look forward to strong years ahead in this exciting market."

About Americas Gold and Silver Corp.

Americas Gold and Silver is a rapidly growing North American producer of silver and other critical minerals supporting the growth of AI (artificial intelligence), electrification, advanced manufacturing and national security. The company owns a portfolio of high-grade mining assets in the United States and Mexico, and is executing a strategy to become one of North America's leading silver producers while establishing a secure domestic supply of antimony.

The company's flagship Galena complex in Idaho is one of the United States' premier silver mining districts and includes the nation's largest antimony mine. Nearby, the fully permitted Crescent silver mine hosts one of the world's highest-grade silver resources and offers significant future growth potential through shared infrastructure and processing. Through a 51/49 joint venture, the company is developing a fully integrated domestic antimony supply chain -- from mine to finished product -- to help strengthen America's critical mineral independence.

Americas also owns and operates the Cosala operations in Sinaloa, Mexico. With a strong balance sheet and multiple high-quality growth projects, the company is well positioned to increase silver and antimony production while supplying the critical minerals needed to support the next generation of AI infrastructure, energy systems and advanced industrial technologies.

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