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Aya Gold & Silver Added to the S&P/ TSX Composite Index

Listings & Exchange

PRESS RELEASE

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Aya Gold & Silver Added to the S&P/ TSX

Composite Index

Montreal, Quebec, June 10, 2024 - Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the

“Corporation”) is pleased to announce that its common shares will be added to the S&P/TSX

Composite Index effective prior to the open of trading on June 24, 2024.

Benoit La Salle, CEO & President, commented, “The addition of Aya to the S&P / TSX

Composite Index marks another milestone in our journey to becoming the largest pure-play

silver producer globally. It is a testament to Aya’s consistent and disciplined execution and

underscores efforts by the entire team to deliver our ambitious growth strategy and drive

sustainable value long-term. We look forward to reaching a broader range of investors as

we prepare to enter a new growth phase and cash flow generation cycle.”

S&P/ TSX Composite Index

The S&P/TSX Composite Index is maintained by S&P Dow Jones Indices, a division of S&P

Global. It is the headline index for Canada and the principal benchmark measure for the

Canadian equity markets, represented by the largest, most liquid companies. The S&P/TSX

Composite Index is the broadest in the S&P/TSX index family and is the basis for multiple

sub-indices – including the S&P/TSX Global Mining Index.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the

Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine

and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted

past-producing mines and historical resources. Aya’s Moroccan mining assets are complemented by

its Tijirit Gold Project in Mauritania, which is being advanced to feasibility.

Aya’s management team has been focused on maximising shareholder value by anchoring

sustainability at the heart of its operations, governance, and financial growth plans.

For additional information, please visit Aya’s website at www.ayagoldsilver.com.

Or contact

Benoit La Salle, FCPA, MBA

President & CEO

[email protected]

Alex Ball

VP, Corporate Development & IR

[email protected]

Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the

meaning of applicable securities laws (“forward-looking statements”), which reflects management’s

expectations regarding Aya’s future growth, business prospects and other opportunities. Wherever

possible, words and expressions or statements that certain actions, events or results “may”, “could”,

“would”, “might”, “will”, or are “likely” to be taken, occur or be achieved, have been used to identify

such forward-looking information. Specific forward-looking statements in this press release include,

but are not limited to, statements and information with respect to delivering Aya’s ambitious growth

strategy, deliver sustainable long term value, the capacity to generate future cash flows, and the

company becoming the largest pure play silver producer. Although the forward-looking information

contained in this press release reflect management’s current beliefs based upon information currently

available to management and based upon what management believes to be reasonable assumptions,

Aya cannot be certain that actual results will be consistent with such forward-looking information.

Such forward-looking statements are based upon assumptions, opinions and analysis made by

management in light of its experience, current conditions, and its expectations of future

developments that management believe to be reasonable and relevant but that may prove to be

incorrect. These assumptions include, among other things, the ability to obtain any requisite

governmental approvals, obtaining regulatory permits for on-site work, importing goods and

machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource

Estimates (including, but not limited to, ore tonnage and ore grade estimates), the price of silver, gold,

zinc and lead, exchange rates, fuel and energy costs, future economic conditions, anticipated future

estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon

any such forward-looking statements.

The risks and uncertainties that may affect forward-looking statements include, among others: the

inherent risks involved in exploration and development of mineral properties, including government

approvals and permitting, changes in economic conditions, changes in the worldwide price of silver

gold and other key inputs, changes in mine plans (including, but not limited to, throughput and

recoveries being affected by metallurgical characteristics) and other factors, such as project

execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties

which are more fully described in Aya’s 2023 Annual Information Form dated March 28, 2024, and in

other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at

www.sedarplus.ca. Aya does not undertake any obligation to update forward-looking statements

should assumptions related to these plans, estimates, projections, beliefs, and opinions change.

Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell

Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.