Aya Gold & Silver categorically rejects the incorrect and misleading allegations that are made against the company

Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“AYA” or the “Corporation”) refutes the misleading and inaccurate claims included in the short -buyer report.

The report contains numerous inaccuracies and incorrect characteristics, including the current management team, the activities and the resource basis of Aya, whose corporation believes that it is deliberately misleading and intended to improve the short seller, who himself has announced that it has the profit in the case of the company’s costs.

Important facts

Reliability of the source model confirmed by Zilveren Ounces in the ministry since 2021

• Since 2020, Aya has produced more than 10 million ounces (“MOZ”) silver (“AG”), with mines Ounces consistently reconciled with the published estimate of the resource.
• Silver production remains in accordance with the reserve estimates, which enhances the strength, reliability and credibility of Aya’s Resource -based.

Extensive drilling reinforces the source model and trust

• The source model of March 2021 was supported by 76,000 meters (“M”) drilling, which in December 2021 (+45,500 m) expanded to 121,500 m. This robust data set formed the basis of the current Zgounder -Resource model.
• From December 2021 to June 2025, Aya completed an extra 231,000 m drill, which considerably increases confidence in the resource basis.
• The drilling continues to identify extensions of mineralization with Zgounder and regional goals, which emphasizes a strong upward exploration and growth potential outside the current my footprint.
• This substantial, current drilling program offers the critical data that support the upcoming resource update.

Independent, verified estimates of third parties

• The estimate of the mineral resources of Zgounder was drawn up and verified by independent qualified persons at P&E Mining Consultants Inc. (“P&E”) in accordance with the standards set out in National Instrument 43-101- standards for disclosure for mineral projects and have been confirmed by rigorous third party review.
• Before a construction loan for the Zgounder expansion project was provided, the European Bank for Reconstruction and Development hired an independent technical adviser that confirmed the existing source, who reflected the confidence in the estimates of Aya and the operational credibility.

Updated Zgounder Technical Report On Track for Q4-2025

• AYA is completing an updated technical report for Zgounder. The updated technical report contains an updated, independently modeled source, together with a new mining plan that will contain both Open-Pit and underground activities.
• As planned and previously communicated to the market, this updated technical report, which is expected to be published before the end of the year, will demonstrate the power and a long service life of the active.

Strong cash flow and balance

• Aya has a robust balance with around US $ 115 million in cash and generates the operational cash flow from Zgounder.
• This financial force enables Aya to grow and invest in boumadine. A provisional economic assessment (“pea”) for Boumadine remains on schedule for release before the end of the year.

The allegations against AYA are categorically untrue. Zgounder’s mines of Ounces reconcile as expected, continue to improve our mine methods and operational practices and we complete an updated technical report that will integrate both Open-Pit and underground activities, ” said Benoit La Salle, President and CEO. “Recently drilling continues to confirm extensions at Zgounder, while Boumadine is rapidly improving as a tier-a growth-active. Supported by strong cash flow, rigorous administration, transparency, shareholders alignment and independent external verification, aya is strongly focused on disciplined version and long-term value creation.”

Although short reports can make provocative claims, Aya rejects irresponsible speculation and is in technical, operational and disclosure integrity. The company is insisting on all investors to consider the entire body of public evidence, historical drilling record and independent documentation before they draw conclusions. AYA continues to work for unlocking the full value of Zgounder and the delivery of long -term value for shareholders.

Although AYA’s primary focus continues to deliver operational performance and transparent disclosure, the company will not hesitate to pursue appropriate remedies if it stipulates that false or misleading information is spread in a way that damages its shareholders or operations.

Qualified person

De wetenschappelijke en technische informatie in dit persbericht is beoordeeld en goedgekeurd door Raphael Beaudoin, P. Eng, vice-president, Operations, die een “gekwalificeerde persoon” is zoals gedefinieerd onder nationaal instrument 43-101-normen voor openbaarmaking voor minerale projecten (“NI 43-101”) en door David Lalond, B. SC, P. SC, B. SC, B. SC, B. SC, B. SC, B. SC, P. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, B. SC, SC, B. SC, B., B., B., B., B., B., B.B. B.B. B.B. B.B. B.B. B.B. B., B., B.B., B., B.. B. SC, B. sc, vice-person, vice. 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a fast -growing silver producer in Canada with activities in the kingdom of Morocco.

The only TSX-Gente Puur Zilveren Mijnbouwbedrijf, AYA, operates the high-quality Zgounder Silver Mine and investigates its properties along the future anti-Atlas error, some of which have organized from the past-producing mines and historical means.

The AYA management team is aimed at maximizing shareholders’ value by anchoring sustainability in the heart of its activities, governance and financial growth plans.

For more information, go to the AYA website Watagoldsilver.com .

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Foresighting statements

This press release contains certain statements that form future -oriented information in the sense of applicable securities (“future -oriented statements”), which reflect the expectations of management with regard to the future growth and business prospects of AYA (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever Possible, Words Such as “Track”, “In-Line”, “Strength”, “Increase”, “UPSIDE”, “Growth”, “Potential”, “Planned”, “Strong”, “Expected”, “Significant”, “Plan”, “GROWSE”, “Significant” Significant Actions, Events or Results “May”, “Could”, “would”, “Might”, “Will”, or are “Likely” to be tasks, Occur or Been, have been used to identify such future -oriented information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the accuracy of resource estimates and models, continuity of the mineralization and its grade, the potential to meaningfully grow resources, the potential for any drilling result to confirm the existence of a new Zone, the Capacity of the Corporation to Complete and Publish the Pea and the updated Technical Report as Described Herein, Drilling to Increase the Confidence in the Resource Base, Continued Exploration to Result in top and supporting growth potential of resources beyond the current my footprint. Although the future -oriented information in this press release reflects the current beliefs of management on the basis of information currently available for management and on the basis of which management is considered to be reasonable assumptions, Aya cannot be sure that the actual results will be consistent with such future -oriented information. Such future -oriented explanations are based on assumptions, opinions and analysis of management in the light of its experience, current circumstances and its expectations of future developments that are reasonable and relevant according to management, but that can 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 employery permits, the accuracy of mineral resours, but and noteral reserve, but and noteral reserve, but and noteral reserve, but and noteral resourage, but and noteral resourage, but and noteral resourage, but and noteral resourage, and noteral, and noteral resourage, but and noteral resourage, bute and noteral resourage, bute and noteral 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 warns you not to give unnecessary dependence on such future -oriented explanations.

De risico’s en onzekerheden die van invloed kunnen zijn op toekomstgerichte verklaringen, omvatten onder andere: de inherente risico’s die betrokken zijn bij de exploratie en ontwikkeling van minerale eigenschappen, inclusief goedkeuringen van de overheid en vergunning, veranderingen in economische omstandigheden, veranderingen in de wereldwijde prijs van zilveren goud en andere belangrijke input, veranderingen in mijnplannen (inclusief, maar niet beperkt tot, maar niet beperkt tot, maar beperkt tot, maar niet meer dan de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de controle van de leiding en zijn er geen Aya, evenals andere risico’s en onzekerheden die vollediger worden beschreven in het Annual information form of AYA for the year ending on December 31, 2024, from 31 March 2025, and in other submissions of Aya with securities and regulatory authorities on www.sedarplus.ca, does not include an obligation to work out for the future, proceedings with regard to these plans. As an offer to sell or to buy AYA effects or to sell all references to AYA, unless the context is required.