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Aya Gold & Silver Publishes Inaugural Sustainability Report

Corporate Updates

PRESS RELEASE

Aya Gold & Silver Publishes Inaugural Sustainability Report

Montreal, Quebec, August 12, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is

pleased to announce that it has published an inaugural sustainability report for the year 2020. This

marks the first time that the Corporation has reported on its corporate sustainability activities , and in

accordance with the Global Reporting Initiative Standards, Core option.

Aya’s 2020 sustainability repo rt can be downloaded at https://ayagoldsilver.com/corporate-

governance/.

“In 2020, the management team carried out a series of assessments and risk analyses to fully

understand and transform Aya’s operations and its practices. The sustainability report summarises the

findings and action plans generated by this exercise and represents the baseline for future reporting. In

addition to establishing a precedent, the report highlights our commitment to instituting a culture of

transparency and sustainability that will measure our positive impact with stakeholders and the

community in the long term,” said Benoit La Salle, President & CEO.

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 Moro ccan mining assets are complemented by its

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

Since its appointment in mid -2020, Aya’s management team has been focused on maximising

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 www.ayagoldsilver.com.

Or contact

Benoit La Salle, FCPA FCA

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”, “does not expect”, “deliver”, “plan”, “scheduled”,

“trends”, “indicatio ns”, “potential”, “estimates”, “predicts”, “anticipate”, “to establish”, “does not

anticipate”, “believe”, “intend”, “ability to” 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 limited to, statements and information with respect to the

exploration and development potential of Zgounder and the conversion of Inferred Mineral Resources

into Measured and Indicated Mineral Resources, future opportunities for enhancing development at

Zgounder, and timing for the release of the Company's disclosure in conn ection 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 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 closing and timing of

financing, the ability to obtain any requisite g overnmental approvals, the presence of artisanal miners,

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, the price of gold, 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 facto rs, 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 2020 Annual Information Form dated March 31, 2021, 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 solic itation to buy or sell Aya securities. All references to Aya

include its subsidiaries unless the context requires otherwise.