Ms. Miranda Powell reports

AMERICAS GOLD AND SILVER CLOSES PREVIOUSLY ANNOUNCED AGREEMENTS TO SETTLE SILVER AND GOLD DELIVERY OBLIGATIONS

Americas Gold and Silver Corp. has closed the previously announced agreement with Sprott Mining Inc. (see Americas news release dated May 22, 2026) to terminate the remaining obligation to deliver 592,000 ounces of silver under the existing silver delivery agreement with Sprott Mining Inc. in exchange for 7,956,696 shares of the company issued at a deemed price of $5.57 (U.S.) per share.

The company is also pleased to announce it has closed the previously announced agreement with International Royalty Corp. (IRC), an affiliate of Royal Gold Inc. (see Americas news release dated May 26, 2026) to settle its remaining obligation to deliver a total of 8,861 ounces of gold to IRC over the period between June, 2026, and December, 2027, under the existing precious metals delivery and purchase agreement dated April 3, 2019, as amended. The company's obligation to deliver 8,861 ounces of gold has been settled in exchange for the delivery of 5,000 ounces of gold by the company and 2,652,532 common shares of the company issued at a deemed price of $5.86 (U.S.) per share.

About Americas Gold and Silver Corp.

Americas Gold and Silver is a rapidly growing North American mining company producing silver, copper, lead and antimony from high-grade operations in the United States and Mexico. In December, 2024, Americas acquired 100-per-cent ownership of the Galena complex (Idaho) in a transaction with Eric Sprott, former 40-per-cent Galena owner, becoming Americas' largest shareholder. This transaction consolidated Galena as a cornerstone U.S. silver asset and the nation's largest antimony mine. In December, 2025, Americas acquired the fully permitted, past-producing Crescent silver mine (nine miles from Galena) with the world's third highest-grade silver resource, creating significant potential future synergies through shared infrastructure and processing. In February, 2026, Americas formed a 51/49 joint venture with U.S. Antimony to build a new antimony processing hub at Galena, creating a U.S. mine-to-finished product antimony solution. Americas also owns and operates the Cosala operations in Sinaloa, Mexico. Americas is fully financed to aggressively grow production at the Galena complex, Crescent and in Mexico with an aim to be a leading North American silver producer and a key source of U.S.-produced antimony.

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