Aya Gold & Silver recognized as Top Performers by the TSX30 program for the second year running

MONTREAL, September 15, 2022 /CNW/ – Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) (“Aya” or the “Company”) is pleased to announce its inclusion on the Toronto Stock Exchange’s 2022 TSX30 List, a ranking of the top-performing stocks on the Toronto Stock Exchange Stock Exchange (“TSX”) based on price appreciation and outperformance. Over the three year period to the end June 30, 2022Aya shares rose 245% to rank 18th on the 2022 TSX30 list.

Aya Gold & Silver Inc Logo (CNW Group/Aya Gold & Silver Inc)

“We are very proud to have been selected as a top stock market performer by the TSX30 for the second year running, a respected list that recognizes our outperformance since taking management,” he said Benoit La SallePresident and CEO of Aya Gold & Silver. “In fact, Aya’s share price rose in the same period after the April 2020 Change of control of management. Through an operational and corporate turnaround, we have transformed an underperforming and poorly managed TSX-listed silver miner into a high-growth, world-leading silver producer during a pandemic.”

“We would like to express our deep gratitude for the continued support from employees, contractors and stakeholders, including the Government of Morocco and the entire investor community, all of whom have contributed to our success. This is just the beginning for us,” he said Mustapha ElouafiPresident-CEO, Aya Gold & Silver, Morocco.

For more information on the TSX30, visit www.tsx.com/tsx30.

Around Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a fast growing, Canada-based silver producer with offices in the Kingdom Morocco.

The only TSX-listed pure silver miner, 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 the Tijirit Gold Project in Mauritaniawhich is being pushed towards feasibility.

Aya’s management team has focused on maximizing shareholder value by placing sustainability at the heart of its operations, governance and plans for financial growth.

For more information, visit Aya’s website at www.ayagoldsilver.com.

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 reflect management’s expectations regarding 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 “will”, “achieve”, “plan”, “expect”, “continue”, “increase”, “accelerate”, “forecast”, “designed for”, “intend”, “goal” , “guidance”, “expand”, “growth”, “progress”, “expects”, “increase” and similar expressions or statements that certain actions, events or results “may”, “might”, “would”, “might”. ‘, ‘will’ or ‘likely’ to occur, occur or be achieved have been used to identify such forward-looking information. Certain forward-looking statements in this news release include, but are not limited to, statements and information regarding Zgounder’s exploration and development potential and conversion of Inferred Mineral Resources to Measured and Indicated Mineral Resources, future opportunities to enhance development at Zgounder, completion of the Company’s proposed expansion of the Zgounder mine and the timing of the release of the Company’s disclosures related to the foregoing. Although the forward-looking information i As this press release reflects management’s current beliefs based on information currently available to management , and based on what management believes to be reasonable assumptions, Aya cannot be assured that actual results will be consistent with such forward-looking information. Such forward-looking statements are based on management’s beliefs, opinions and analyzes in light of its experience, current conditions and its expectations of future developments that management believes are reasonable and relevant, but which may prove to be incorrect. These assumptions include, among other things, the completion and timing of the financing, the ability to obtain all necessary regulatory approvals, the accuracy of mineral reserve and mineral resource estimates (including but not limited to ore quantity and grade estimates), silver price, exchange rates, fuel and energy costs, future economic conditions, expected future free cash flow estimates and courses of action. Aya cautions you not to place undue reliance on such forward-looking statements.

Risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks associated with exploration and development of mineral properties, including governmental permits and approvals, changes in economic conditions, changes in the global price of silver and others major inputs, changes in mine plans (including but not limited to throughput and recoveries impacted by metallurgical characteristics) and other factors such as project execution delays, many of which are beyond Aya’s control, and other risks and Uncertainties that are discussed in Aya’s 2021 Annual Information Form dated June 16, 2022and in other filings by Aya with securities and regulatory authorities available on SEDAR at www.sedar.com. Aya undertakes no obligation to update any forward-looking statements should assumptions regarding these plans, estimates, projections, beliefs and opinions change. Nothing contained herein should be construed as an offer to sell or a solicitation to buy or sell any Aya securities. All references to Aya include its subsidiaries unless the context otherwise requires.

SOURCE Aya Gold & Silver Inc



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