Mr. Benoit La Salle reports

AYA GOLD & SILVER REPORTS Q3 RECORD PRODUCTION OF 1.35M OZ AT ZGOUNDER, UP 29% QUARTER OVER QUARTER

Aya Gold & Silver Inc. had record quarterly production, recoveries and throughput at its Zgounder silver mine in the Kingdom of Morocco for the three-month period ended Sept. 30, 2025.

Q3 2025 operational summary:

• Record silver production of 1.35 million ounces, a 29-per-cent increase over Q2 2025, driven by higher throughput and improved grades;
• Ore processed averaged 3,326 tonnes per day, representing an 11-per-cent improvement over Q2 2025 and running 23 per cent above nameplate capacity;
• Average head grade of 146 grams per tonne silver;
• Recovery averaged 92.5 per cent, reflecting optimized blending and circuit performance and exceeding feasibility study expectations;
• Sustained high mill availability at 96 per cent, underscoring consistent operational discipline and reliability.

"Zgounder delivered another exceptional quarter, achieving record Q3 production, recoveries and throughput -- all while improving grade," said Benoit La Salle, president and chief executive officer. "Our quarter-over-quarter gains highlight the strength of our team and the benefits of disciplined execution.

"Building on this quarter's strong performance, we continue to optimize operations, laying the foundation for a solid finish to the year and sustained momentum into 2026."

Q3 2025 operational update

Underground development and stope sequencing advanced during the quarter, supporting an average mining rate of 1,276 tonnes per day at 158 grams per tonne silver. Underground tonnage and grade have normalized, positioning the mine for sustained feed grades through year-end.

Open-pit operations during the quarter focused on stripping the northeastern section, with waste movement proceeding as planned. Additional mobile equipment arriving in Q4 is expected to lift open-pit ore production above 2,000 tonnes per day by Q1 2026. Blast-movement control and bench-by-bench modelling are expected to further enhance grade control.

Record throughput and recovery were achieved at the processing plant through improved blending, circuit optimization and increased tailings pumping capacity, allowing for steadier, higher-rate milling.

Aya expects continued operational improvement through Q4 2025. The mill is currently running above 3,700 tonnes per day, and recoveries are maintained above 90 per cent. With over 150,000 tonnes of stockpiled ore available, Zgounder is well positioned heading into the end of the year.

The corporation remains focused on maximizing cash flow, maintaining cost discipline and advancing its growth pipeline, including the coming Boumadine preliminary economic assessment.

Q3 2025 earnings notice

Aya will release its third quarter 2025 results on Tuesday, Nov. 11, 2025, before market opens. Management will host a conference call on the same day at 10 a.m. Eastern Time to discuss the corporation's financial and operational results.

Participants may join the conference call by webcast or by dialling in.

Instructions for obtaining conference call dial-in numbers:

1. Complete the on-line registration form.
2. Upon registering, you will receive the dial-in info and a unique PIN (personal identification number) to join the call as well as an e-mail confirmation with the details.
3. Select a method for joining the call: (a) dial in -- a dial-in number and unique PIN are displayed to connect directly from your phone; or (b) Call Me: enter your phone number and click "Call Me" for an immediate callback from the system. The call will come from a U.S. number.

The webcast replay will be archived and will be available for replay following the live call. Presentation slides that will accompany the conference call will also be posted on Aya's website.

Qualified person

The technical information contained in this press release has been reviewed and approved by Raphael Beaudoin, PEng, vice-president, operations, who is a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Aya Gold & Silver Inc.

Aya Gold & Silver is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only Toronto Stock Exchange-listed pure silver mining company, Aya operates the high-grade Zgounder silver mine and is exploring its properties along the prospective Anti-Atlas fault, several of which have hosted past-producing mines and historical resources.

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

We seek Safe Harbor.