Achieve Zero Scope 2 Emissions in 2024

Aya Gold & Silver Inc. (TSX: AYA) is pleased to report that its subsidiary, Zgounder Millennium Silver Mining S.A., has signed an interconnection agreement with the Office National de L’Électricité et de l’Eau Potable (“ONEE”), Morocco’s state-owned utility, for the construction of a 90-kilometer, 60-kilovolt (“kV”) powerline and substation upgrades. This agreement ensures access to clean energy long-term from ONEE’s electrical grid. The line will be built over the next two years and will be capable of supporting Zgounder’s projected expanded power requirements.

The Moroccan grid is highly interconnected, built on a 400kV transport backbone. The country has 10,627MW of production capacity with over 37% provided from renewable energy sources (hydro, wind and solar). This interconnection provides the Corporation with a gateway to powering its project with 100% renewable energy. Additionally, Aya intends to sign a power purchase agreement (“PPA”) with an independent power producer to purchase 100% renewable energy for its project’s power needs. This will enable it to achieve zero Scope 2 emissions in 2024 and generate an over 85% reduction in the carbon intensity of the Zgounder Silver Mine (see Figure 1). Scope 2 encompasses indirect greenhouse gas (“GHG”) emissions associated with the Corporation’s consumption of purchased electricity but occurring at the facility where the electricity is generated.

“Deepening our ties with ONEE allows Zgounder to benefit from reliable and affordable power and is a significant step towards decarbonization,” said Benoit La Salle, President & CEO. “We look forward to partnering with one of the many renewable energy providers in Morocco, allowing our operations to be powered entirely by renewable energy. In addition to locking in cost savings at Zgounder, we expect the PPA to offer customized flexibilities and to help us reach the class-leading figure of 4.8 tonnes of CO2 per thousand of tonnes of ore processed.”

Figure 1 – GHG Emissions Intensity of the Zgounder Mine, Years 2020-2031

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.

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