Zgounder Silver Mine Drilling Confirms High Grade Mineralization

MONTREAL - Aya Gold & Silver Inc. reported that drilling confirmed high-grade silver mineralization at the Zgounder Silver Mine in the Kingdom of Morocco. Diamond drill hole ("DDH") DZG-SF-22-162 intercepted 1,242 grams per tonne (g/t) silver (Ag) over 9.0 meters (m), including 2,052 g/t Ag over 5.0m. In the open-pit area to the East, reverse circulation ("RC") drill hole ZG-RC-23-2230-212 intercepted 2,812 g/t Ag over 8m and ZG-RC-CT7-P63-23-63 intercepted 2,227 g/t Ag over 7.0m, including 6,768 g/t Ag over 2.0m.

In the Central Zone from the 1950m level hole TD28-23-1950-704 intercepted 1,893 g/t Ag over 12.0m, including 4,295 g/t Ag over 4.8m. Hole TD28-23-1950-699 intercepted 1,423 g/t Ag over 9.6m, including 3,474 g/t Ag over 3.6m. Hole TD28-23-1950-752 intercepted 858 g/t Ag over 12.0m, including 6,552 g/t Ag over 1.2m. Hole TD28-23-1950-765 intercepted 846 g/t Ag over 12.0m, including 2,238 g/t Ag over 3.6m.

From surface in the Western Zone, hole ZG-SF-23-010 intercepted 812 g/t Ag over 13.5m, including 2,207 g/t Ag over 4.5m. In the Central Zone at the 2,100m level hole YAKD-23-2100-202 intercepted 1,005 g/t Ag over 30m including 2,354 g/t Ag over 12m.

“The high-grade drill results including hole ZG-RC-23-2230-212 near the open-pit area to the East continue to demonstrate continuity of mineralization from surface and at depth over the larger footprint of the deposit," said Benoit La Salle, President & CEO. "We are also very encouraged by the YAKD-23-2100-202 result through definition drilling and expect more significant intercepts in the coming months as we accelerate underground drilling at Zgounder."