Mr. Paul Huet reports

AMERICAS GOLD AND SILVER PROVIDES UPDATE ON RAPID PROGRESS AT NEWLY ACQUIRED CRESCENT SILVER MINE IN IDAHO

Americas Gold and Silver Corp. has made significant advancements toward production at the recently acquired high-grade Crescent silver mine in Idaho's Silver Valley, just weeks after closing the transaction on Dec. 3, 2025. Americas has progressed rapidly with infrastructure upgrades, equipment repairs and additions as well as site upgrades to position the mine for a mid-2026 restart of silver, copper and antimony production, leveraging synergies with the company's neighbouring Galena complex. These upgrades help bring Crescent, a highly prolific and high-grade past-producing silver mine, up to modern standards as part of the company's efforts to scale production in the Silver Valley.

Key highlights:

• Material reduction in power costs through the installation of low-cost grid electrical power to the Hooper tunnel, connecting grid power to all three adits (Hooper, BC4 and Countess) replacing reliance on higher cost diesel generators. Initial power reduction estimations are from about 55 cents/kilowatt-hour all the way down to about seven cents per kWh.
• Installed a six-inch air line down the mountain to service the BC4 adit to provide compressed air for drilling, eliminating the use of higher cost and emission-heavy diesel compressors at BC4.
• Deployed communication lines connecting Hooper, BC4 and Countess for significantly improved safety and productivity in co-ordination of rehabilitation plan.
• Operationalized all existing underground equipment included in the acquisition, adding two new 20-ton trucks, two two-yard loaders, one four-yard loader, bringing total expanded and upgraded underground mining fleet to 11 pieces.
• Established designated laydown areas for ground support, pipe and other materials to streamline workflows.
• Initiated upgrades of the site complex, including remodeling of the main office building and staff facility buildings.

Paul Andre Huet, chairman and chief executive officer, commented: "In less than a month since closing the Crescent acquisition, our team has achieved remarkable progress towards restarting production -- from running grid power electrical lines down the mountain to power all three adits and eliminating higher-cost generators, to adding new equipment and organizing the site for efficient operations. This rapid execution is an excellent start to our plan to establish best-in-class operations at Crescent. We're poised to unlock multiple synergies with our neighbouring Galena complex from procurement savings and equipment sharing to G&A efficiencies and spare processing capacity.

"Utilization of grid electrical power through the power line installation is a great example of the progress we are making at Crescent as it is expected to reduce power costs compared to the prior diesel generators from approximately 55 cents per kWh, down to as little as seven cents per kWh. We've also moved very quickly to expand and upgrade the mining fleet at Crescent with the addition of two new trucks and three new loaders. This equipment will be put to immediate use in completing development work ahead of a targeted mid-2026 restart.

"We're very pleased that the revitalization of the high-grade Crescent silver mine is well under way and we are proud to continue to contribute to the Silver Valley's economy through job creation and investment in increased domestic silver, copper and antimony production."

About the Crescent silver mine

Crescent silver mine is a past-producing underground mine which has produced over 25 million ounces of silver at an average grade of 26 ounces per tonne (891 grams per tonne) between 1917 and 1981. The mine is located approximately four miles southeast of Kellogg, Idaho, and consists of 10 acres of surface rights and 15 acres of patented claims and mineral rights over 64 patented claims. The mineralized material at Crescent is tetrahedrite, which is identical to the Galena Ag-Cu-Sb (silver-copper-antimony) material and ideally suited for Galena and Coeur mills. The property hosts 3.8 million ounces of historical measured and indicated resource, as well as an historical inferred resource of 19.1 million ounces. The company intends to mine Crescent using a combination of cut-and-fill and long-hole stoping mining, similar to the successful optimization of neighbouring Galena currently under way.

About Americas Gold and Silver Corp.

Americas Gold and Silver is a rapidly growing North American mining company producing silver, copper 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, in exchange becoming Americas' largest shareholder at approximately 15 per cent. This unitized Galena as a cornerstone United States 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), creating significant potential future synergies through shared infrastructure and processing. Americas also owns and operates the Cosala operations in 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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