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Aya Gold & Silver Ranks Among 2024 OTCQX Best 50

Marketing Announcement

PRESS RELEASE

Aya Gold & Silver Ranks Among 2024 OTCQX Best 50

Montreal, Quebec, January 19, 2024 - Aya Gold & Silver Inc. (TSX: AYA, OTCQX: AYASF) (“Aya” or the

“Corporation”) is proud to announce it has been included in the 2024 OTCQX Best 50 , a list of top

performing stocks traded on the OTCQX Best Market last year.

• Aya is named on the list for the first time after a first full calendar year on the OTCQX, confirming

the value it creates for its shareholders.

• Aya ranked 12th out of over 575 companies from a wide range of industries based on its 2023

share price performance.

Benoit La Salle, President & CEO, commented, "Our 2023 stock outperformance continues to distinguish

us as a top -performing company and is a reflection of our continued dedication for success. This

important recognition follows our ranking on the TSX30 for the third consecutive year and highlights our

operational execution as well as our financial discipline and growth within our project portfolio , all of

which contribute to our outperformance.”

Over the past year, Aya has successfully delivered on all of its strategic objectives including de-risking

Boumadine through continued exploration and metallurgy testing; delivering record annual and quarterly

production at Zgounder; delivering on all Zgounder Mine expansion milestones; and implementing an

overhaul of our health and safety and sustainability programs. In doing so, Aya is positioning itself as a

best-in-class silver producer operating and exploring on Morocco’s world-leading Anti-Atlas Belt. Aya is

also strongly placed as a future sustainable mining leader and has taken the necessary steps to

decarbonize operations and deliver near-zero Scope II emissions.

The 2024 OTCQX Best 50 is a ranking of the top performing OTCQX companies based on total return and

growth in average daily dollar volume in 2023.

Click here for the complete 2024 OTCQX Best 50 ranking.

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 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, the ongoing success of its

exploration efforts, its continued strong execution in terms of its plans and projects, its capacity to grow

its production of silver and deliver value (including the timing and development of new deposits and the

success of exploration activities) and other opportunities. Wherever possible, 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 Aya’s efforts to be a best-in-class silver producer, Aya’s future as a sustainable mining leader

and capacity to deliver near-zero Scope II emissions. 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. . Aya cautions you not to place undue

reliance upon any such forward-looking statements.

The risks and uncertainties that may affect forward -looking statements as well as other risks and

uncertainties 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.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.