Aya Gold & Silver Inc. announced a Mineral Resource Estimate (?MRE?) prepared in accordance with National Instrument 43-101 ? Standards of Disclosure for Mineral Projects (?NI 43-101?) at its Boumadine Project in the Kingdom of Morocco. The MRE contains an Inferred Mineral Resource of 23.6 million tonnes (?Mt?) at 85 grams per tonne (?g/t?) silver (?Ag?), 2.62 g/t gold (?Au?), 2.32% zinc (?Zn?) and 0.84% lead (?Pb?) containing an estimated 64.7 million ounces (?Moz?) of Ag, 1.98 Moz of Au, 546 thousand tonnes (?kt?) of Zn and 198 kt of Pb and an Indicated Mineral Resource of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz of Ag, 165 koz of Au, 88 kt of Zn and 22 kt of Pb.

Highlights Indicated Mineral Resources of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz of Ag, 165 koz of Au, 88 kt of Zn and 22 kt of Pb. Inferred Mineral Resources of 23.6 Mt at 85g/t Ag, 2.62 g/t Au, 2.32% Zn and 0.84% Pb containing an estimated 64.7 Moz of Ag, 1.98 Moz of Au, 546 kt of Zn and 198 kt of Pb. 41% of the Inferred Mineral Resource is pit-constrained and reported above a cut-off net smelter royalty (?NSR?) value of $95/t, and 59% deemed for underground development NSR cut-off value of USD 125/t. Additional Mineral Resource potential exists to expand the deposit in all directions for future Mineral Resource estimation.

Less than 10% of the Boumadine land package has been drilled, and new targets are being generated by the ongoing geophysical airborne survey. Boumadine Mineral Resource The MRE has an effective date of April 15, 2024, and incorporates drilling from 2018 until December 7, 2023, with the addition of 4 later drill holes with results received in early 2024. The MRE database consists of 336 surface diamond drill holes totalling 96,301m.

Historical mining was not depleted from the MRE since the exact position and physical extent could not be measured accurately. From the historical production reports, approximately 261 kt of mineralized material were extracted and processed (approximately 1% of the current MRE), therefore it is considered not material. Historical tailings were excluded from the MRE since the bulk density, volumes and grades were not properly evaluated at this phase.

Molybdenum was excluded both from the cut-off and AgEq /AuEq calculation since the process recoveries were not evaluated at this stage.