Aya Gold & Silver Updates on Zgounder Expansion Page 1

MONTREAL, September 6, 2024 (GLOBE NEWSWIRE) — Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) today provided an update on the progress of the construction of its Zgounder Silver Mine in the Kingdom of Morocco. The expansion project was 98% complete, fully funded and within budget as of August 30.

The Corporation’s engineering, procurement and construction partner, Duro Felguera (“DF”), experienced problems during the commissioning of the ball mill’s hydraulic unit. As a result of these problems, DF Aya recently advised that a rework of the hydraulic unit piping is required. This has not affected the integrity of the ball mill, hydraulic unit or other equipment. Commissioning of other subsystems is proceeding well and the crushing circuit is now operational.