Americas GOLD and Silver Reports High-Grade 149 Vein Extension Including 24,913 G/T Silver and 16.9% Copper at Galena Complex and Effective Date of Share Consolidation
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AMERICAS GOLD AND SILVER REPORTS HIGH-GRADE 149 VEIN EXTENSION INCLUDING 24,913 G/T SILVER AND
16.9% COPPER AT GALENA COMPLEX AND EFFECTIVE DATE OF SHARE CONSOLIDATION
TORONTO, ONTARIO – August 22, 2025 – Americas Gold and Silver CorporaƟon (TSX: USA) (NYSE American: USAS)
(“Americas” or the “Company”), a growing North American precious metals producer, is pleased to announce
strong exploraƟon results at the Galena Complex, highligh Ɵng the idenƟficaƟon of a high-grade upper extension
of the 149 Vein.
The Company is also pleased to report that its previously announced share consolida Ɵon has been effected and
trading on a post-consolidaƟon basis is expected to occur star Ɵng with the open of trading on August 26, 2025,
on the basis of one (1) post-consolidaƟon common share of the Company (“Common Share”) for every two and a
half (2.5) pre-consolidaƟon Common Shares (the "ConsolidaƟon").
Paul Andre Huet, Chairman and CEO, commented: “The idenƟficaƟon of this high-grade copper-silver-an Ɵmony
extension to the 149 Vein is an exci Ɵng development that builds on our ongoing success in unlocking addi Ɵonal
value at the Galena Complex. With some extraordinary intercepts, including 24,913 grams per ton silver over 0.21
metres, and nearly 120 meters of verƟcal conƟnuity demonstrated above the current mining level and excepƟonal
grades in the intercepts, this extension posi Ɵons us to poten Ɵally expand produc Ɵon from an already high-
performing vein. It aligns with our targeted explora Ɵon strategy to enhance mill feed quality and opera Ɵonal
efficiency, supporƟng our goals of increasing output and shareholder value.
We are also pleased with the comple Ɵon of the share consolida Ɵon, which represents a strategic move to
strengthen our capital structure. By reducing the number of outstanding shares, the consolida Ɵon maintains
shareholder value and opens the doors to insƟtuƟonal investors with minimum price thresholds. It also potenƟally
unlocks access to margin accounts at certain brokerages. Our leadership team successfully executed a 4.5-to-1
consolidaƟon at Karora Resources in 2020, which saw the daily trading value triple over four years, demonstraƟng
our experience with such iniƟaƟves, though past performance is not indicaƟve of future results. This consolidaƟon
posiƟons Americas for future growth as we conƟnue to advance our high-potenƟal assets.”
High-grade Extension of 149 Vein Uncovered by Explora Ɵon Drilling at Galena Complex, Highlighted by 24,913
g/t Ag and 16.9% Cu Over 0.21 Meters
Recent early-stage exploraƟon drilling on the 4300 Level from the 43-191 DDS at the Galena Mine has idenƟfied a
high-grade copper-silver-anƟmony vein believed to be the upper extension of the previously iden Ɵfied 149 Vein.
The three holes drilled to date demonstrate nearly 120 meters of ver Ɵcal conƟnuity above current mining level
with more drilling in progress to in fill and extend this vein. The 149 Vein is currently being mined below these
intercepts, producing a consistent high-grade mill feed of 600-700 tons per cut that average 700-950 silver grams
per ton and 0.6-0.7% copper. The 149 Vein is a strong candidate currently under review for long hole open stoping.
The geologic seƫng and host rock interpretaƟon indicates that recent intercepts are near the upper crown of the
149 Vein. This area is located within the transiƟon zone of the Upper ReveƩ and the St. Regis FormaƟons, the two
dominant Belt Supergroup formaƟons seen at the Galena Mine. To date, 4,878 meters have been drilled from this
staƟon out of a planned 18,100 meters, tesƟng several different targets in addiƟon to the 149 Vein.
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Figure 1 – Plan view of the 4900 Level showing the 149 Vein in relaƟon to the No. 3 and Galena ShaŌs
Drill results on the 149 vein to-date are:
• DDH 43-317: 24,913 g/t Ag and 16.9% Cu over 0.21 meters
• DDH 43-304: 2,816 g/t Ag, 2.0% Cu and 1.05% Sb over 1.05 meters
• DDH 43-316: 2,354 g/t Ag and 1.7% Cu over 1.58 meters
AnƟmony (Sb) results are currently pending on holes 43-316 and 43-317.
Figure 2 – Cross secƟon view showing the acƟve producƟon area on the 149 Vein and new drill intercepts
These intercepts underscore the high-grade nature of the 149 Vein extension, with potenƟal to contribute to near-
term mining plans and further resource delinea Ɵon as addi Ɵonal drilling progresses. The vein remains open for
expansion, and ongoing e fforts will focus on in filling and tesƟng adjacent targets to maximize its contribu Ɵon to
the Galena Complex's producƟon profile.
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A full table of drill results can be found at:
hƩps://americas-gold.com/site/assets/files/4297/dr20250822.pdf
Share ConsolidaƟon
Further to the announcement included in its ne ws release dated August 11, 2025, the Company has filed arƟcles
of amendment, effecƟve August 21, 2025, to e ffect the previously announced Consolida Ɵon on the basis of one
(1) post-consolida Ɵon Common Share for every two and a half (2.5) pre-consolida Ɵon Common Shares. The
Common Shares are expected to commence trading under their exis Ɵng symbols on the Toronto Stock Exchange
and on the NYSE American on a post-ConsolidaƟon basis on the opening of trading on Tuesday August 26, 2025.
The Consolida Ɵon reduced the number of Common Shares issued and outstanding from approximately
679,357,056 to approximately 271,742,692. As a result of the Consolida Ɵon, shares issuable pursuant to the
Company’s outstanding stock op Ɵons, warrants, restricted share units, performance share units and other
converƟble securiƟes will be proporƟonally adjusted on the same basis.
For addiƟonal informaƟon regarding the ConsolidaƟon, please refer to the Company’s NoƟce of Annual and Special
MeeƟng of Shareholders and Management Informa Ɵon Circular dated May 15, 2025, which are available on
SEDAR+ at www.sedarplus.ca or EDGAR at www.sec.gov.
Most shareholders of the Company are “non-registered” shareholders because the Common Shares they own are
not registered in their names but are instead registered in the name of the brokerage firm, bank or trust company
through which they purchased the Common Shares. Non-registered shareholders are not required to take any
acƟon with respect to their Common Shares as a result of the Consolida Ɵon, but should contact their
intermediaries if they have ques Ɵons regarding how their Common Shares will be processed in connec Ɵon with
the ConsolidaƟon.
Computershare Investor Services Inc. (“Computersh are”), the Company’s transfer agent, is mailing le Ʃers of
transmiƩal to the Company’s registered shareholders holding share cer Ɵficates providing instruc Ɵons on
exchanging share cerƟficates represenƟng pre-ConsolidaƟon Common Shares for share cer Ɵficates represenƟng
post-ConsolidaƟon Common Shares. Registered shareholders holding pre-ConsolidaƟon Common Shares through
the Direct RegistraƟon System (“DRS”) will be automaƟcally sent a DRS advice by Computershare, represenƟng the
number of post-Consolida Ɵon Common Shares they hold following the Consolida Ɵon and no further ac Ɵon is
required to be taken.
The new CUSIP of the Common Shares is 03062D803 (ISIN: CA03062D8035).
About Americas Gold and Silver CorporaƟon
Americas Gold & Silver is a growing precious metals mining company with mul Ɵple assets in North America. In
December 2024, Americas increased its ownership in th e Galena Complex (Idaho, USA) from 60% to 100% in a
transacƟon with Eric SproƩ, solidifying its posiƟon as a silver-focused producer. Americas also owns and operates
the Cosalá OperaƟons in Sinaloa, Mexico. Eric SproƩ is the Company’s largest shareholder, holding an approximate
20% interest. Americas has a proven and experienced management team led by Paul Huet, is fully funded to
execute its growth plans, and focused on becoming one of the top North American silver plays, with an objec Ɵve
of over 80% of its revenue to be generated from silver by the end of 2025.
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For more informaƟon:
Maxim Kouxenko - Manager, Investor RelaƟons
M: +1 (647) 888-6458
W: Americas-gold.com
Technical InformaƟon and Qualified Persons
The scienƟfic and technical informaƟon relaƟng to the Company’s material mining properƟes contained herein has
been reviewed and appr oved by Rick Strei ff, ExecuƟve Vice President – Geology of the Company. Mr. Strei ff is a
“qualified person” for the purposes of NI 43-101. The Company’s current Annual InformaƟon Form and the NI 43-
101 Technical Reports for its mineral proper Ɵes, all of which are available on SEDAR+ at www.sedarplus.ca, and
EDGAR at www.sec.gov, contain further details regarding mineral reserve and mineral resource es Ɵmates,
classificaƟon and reporƟng parameters, key assumpƟons and associated risks for each of the Company’s material
mineral properƟes, including a breakdown by category.
All mining terms used herein have the meanings set forth in NaƟonal Instrument 43-101 – Standards of Disclosure
for Mineral Projects (“NI 43-101”), as required by Canadian securi Ɵes regulatory authori Ɵes. These standards
differ from the requirements of the SEC that are applicable to domes Ɵc United States reporƟng companies. Any
mineral reserves and mineral resources reported by th e Company in accordance wi th NI 43-101 may not qualify
as such under-SEC standards. Accordingly, informaƟon contained in this news release may not be comparable to
similar informaƟon made public by companies subject to the SEC’s reporƟng and disclosure requirements.
CauƟonary Statement on Forward-Looking InformaƟon:
This news release contains “forward-looking informa Ɵon” within the meaning of applicable securi Ɵes laws.
Forward-looking informa Ɵon includes, but is not limited to, Americas’ expecta Ɵons, inten Ɵons, plans,
assumpƟons, and beliefs with respect to, among other things, the commencement of trading of the Common
Shares on the TSX and the NYSE American on a post-Consolida Ɵon basis, , the poten Ɵal for further ins ƟtuƟonal
investor interest in the Company, the poten Ɵal incorporaƟon of the 149 Vein extension into mine plans at the
Galena Complex, and the ability to expand produc Ɵon at the vein, the es Ɵmated conƟnuity of the 149 Vein, and
the anƟcipated Ɵming and results of ongoing and planned exploraƟon drilling at the Galena Complex, statements
about the Company’s explora Ɵon strategy, enhancement mill feed quality and opera Ɵonal e fficiency, and
anƟcipated ability to increase shareholder value and are subject to the risks and uncertain Ɵes outlined below.
OŌen, but not always, forward-looking informa Ɵon can be iden Ɵfied by forward-looking words such as
“anƟcipate,” “believe,” “expect,” “goal,” “plan,” “intend,” “potenƟal,” “esƟmate,” “may,” “assume,” and “will” or
similar words sugges Ɵng future outcomes, or other expecta Ɵons, beliefs, plans, objec Ɵves, assump Ɵons,
intenƟons, or statements about future events or performance. Forward-looking informa Ɵon is based on the
opinions and es Ɵm a t e s o f A m e r i c a s a s o f t h e d a t e s u c h i n f o r m aƟon is provided and is subject to known and
unknown risks, uncertainƟes, and other factors that may cause the actual results, level of ac Ɵvity, performance,
or achievements of Americas to be materially di fferent from those expressed or implied by such forward-looking
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informaƟon. These risks and uncertainƟes include, but are not limited to the risk factors relaƟng to the Company
found under the heading “Risk Factors” in the Company’s Annual InformaƟon Form dated March 31, 2025 or the
Company’s MD&A for the three and six months ended June 30, 2025 dated August 11, 2025; interpreta Ɵons or
reinterpretaƟons of geologic informaƟon; unfavorable exploraƟon results; inability to obtain permits required for
future exploraƟon, development, or producƟon; general economic condiƟons and condiƟons affecƟng the mining
industry; the uncertainty of regulatory requirements and approvals; poten Ɵal liƟgaƟon; fluctuaƟng mineral and
commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated
with the mining industry generally, such as economic factors (including future commodity prices, currency
fluctuaƟons, and energy prices), ground condi Ɵons, failure of plant, equipment, processes, and transporta Ɵon
services to operate as an Ɵcipated, environmental risks, government regula Ɵon, actual results of current
exploraƟon and producƟon acƟviƟes, possible variaƟons in grade or recovery rates, permi ƫng Ɵmelines, capital
expenditures, reclamaƟon acƟviƟes, labor relaƟons; and risks related to changing global economic condiƟons and
market volaƟlity. Although the Company has aƩempted to idenƟfy important factors that could cause actual results
to differ materially from those contained in forward-looking informa Ɵon, there may be other factors that cause
results not to be as anƟcipated, esƟmated, or intended. Readers are cauƟoned not to place undue reliance on such
informaƟon. AddiƟonal informaƟon regarding the factors that may cause actual results to di ffer materially from
this forward-looking informaƟon is available in Americas’ filings with the Canadian Securi Ɵes Administrators on
SEDAR+ and with the SEC. Americas does not undertake any obligaƟon to update publicly or otherwise revise any
forward-looking informaƟon whether as a result of new informa Ɵon, future events, or ot her such factors which
affect this informa Ɵon, except as required by law. Americas does not give any assurance (1) that Americas will
achieve its expectaƟons, or (2) concerning the result or Ɵming thereof. All subsequent wriƩen and oral forward-
looking informaƟon concerning Americas are expressly quali fied in their en Ɵrety by the cau Ɵonary statements
above.