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Aya Gold & Silver Announces Election of Directors

Shareholder Meetings

PRESS RELEASE

Aya Gold & Silver Announces Election of Directors

Montreal, Quebec, June 15, 2023 - Aya Gold & Silver Inc. (TSX: AYA, OTCQX: AYASF) (“Aya” or the

“Corporation”) is pleased to announce that all nominees listed in the management proxy circular were

elected as directors of Aya at its annual general meeting of shareholders (“AGM”) held today.

A total of 56,932,471 common shares or 48.92% of Aya’s issued and outstanding common shares at the

record date were represented in person or by proxy at the AGM.

Detailed results are as below:

Director Nominee Votes For % of Votes

For

Votes Against % of Votes

Against

Natacha Garoute 55,764,452 99.82 102,488 0.18

Yves Grou 54,233,250 97.08 1,633,690 2.92

Dr. Jürgen Hambrecht 51,783,739 92.69 4,083,202 7.31

Benoit La Salle 53,580,440 95.91 2,286,500 4.09

Eloïse Martin 54,233,233 97.08 1,633,707 2.92

Marc Nolet de Brauwere 55,764,691 99.82 102,250 0.18

Nikolaos Sofronis 54,724,541 97.96 1,142,399 2.04

Robert Taub 54,723,841 97.95 1,143,099 2.05

The proposal to appoint KPMG LLP as auditor of the Corporation for the ensuing year and authorize the

directors to fix their remuneration was approved:

Votes For: 56,923,085 (99.98%)

Votes Withheld: 9,386 (0.02%)

And finally, an advisory and non-binding resolution regarding executive compensation was approved:

Votes For: 54,954,025 (98.37%)

Votes Against: 912,916 (1.63%)

As previously announced by the Corporation on June 7, 2023, M r. Nolet de Brauwere will be stepping

down immediately and the Board of Directors will appoint Ms. Annie Torkia Lagacé to fill the vacancy

created by his departure.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Ca nada-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 whic h 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 maximis es shareholder value by anchoring sustainability at the heart of its

production, resource, governance, and financial growth plans.

For additional information, please visit Aya’s website at https://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 and business prospects (including the timing and development

of new deposits and the success of exploration activities) and other opportunities. Wherever possible,

words such as “plans”, “expects”, “potential, and similar 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 lim ited to, statements and information with respect to the exploration

and development potential of Zgounder and the timing in respect thereof, future opportunities for

enhancing development at Zgounder, and timing for the release of the Company's disclosure in connection

with the foregoing. 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 reasonabl e 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 closing and timing of

financing, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to,

ore tonnage and ore grade estimates), silver price, exchange rates, fuel and energy costs, future economic

conditions, anticipated future estimates of free cash flow, and courses of action. Ay a 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 and other key inputs, changes in mine plans (including,

but not limited to, throughput and recoveries being affected by metallurgic al 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 2022 Annual Information Form dated March

31, 2023, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR

at www.sedar.com. 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.