Americas Gold & Silver Strengthens Market Position Through Silver Index Inclusion & High-Grade Silver Discovery

• Americas Gold and Silver Corporation has been included in the Solactive Global Silver Miners Index (SIL) reflecting the company's success in building a strong foundation as a growing silver miner.
• The company announced promising exploration results at the Galena Complex, with the discovery of the high-grade 034 Vein delivering drill intersections of up to 983 g/t silver over 3.44 meters.
• Recent board changes and equipment upgrades, including the delivery of two 20T trucks and three new LHDs, represent progress in improving material movement and efficiency at the Galena Complex.
• The company is pursuing a strategic objective of generating over 80% of its revenue from silver by the end of 2025.

Inclusion to the SIL Validates Americas Gold & Silver

Americas Gold and Silver Corporation (TSX:USA) is a growing precious metals mining company with multiple assets in North America. The company owns and operates the Cosalá Operations in Sinaloa, Mexico, and in December 2024 acquired 100% ownership in the Galena Complex in Idaho, USA, in a transaction with affiliates of Eric Sprott and a Paul Huet-led management team. This acquisition further strengthened its position as a leading silver producer, with Sprott now serving as the company's largest shareholder, holding approximately 20% interest. With these strategically positioned assets, Americas is focused on becoming one of the top North American silver-focused producers, targeting over 80% of its revenue from silver by the end of 2025.

The company achieved a significant milestone in late April 2025 with its inclusion in the Solactive Global Silver Miners Index (SIL). This inclusion serves as external validation of the company's growth and operational success. Paul Huet, Chairman & CEO of Americas, commented in a news release:

"Our inclusion in the Silver Index represents further validation of our success in building a strong foundation for the Company as a growing silver miner. Inclusion on this major silver index has the potential to attract additional institutional investment into the company and increase liquidity, as the silver Index is an important benchmark requirement for many large investment funds."

The index inclusion follows several positive developments for the company, including exploration success and strategic board appointments.

High-Grade Exploration Results at Galena Complex

In parallel with the index inclusion news, Americas Gold and Silver announced strong exploration results at its Galena Complex, with the significant growth of the recently discovered high-grade 034 Vein. The exploration drilling from the 5200 Level of the mine has defined a new silver-copper vein adjacent to existing infrastructure, presenting a near-term mining opportunity.

The company carried out an exploration drill plan with 23 additional diamond drill holes, yielding several high-grade intercepts. The highlight was 983 g/t silver over 3.44 meters (hole DDH 52-583, true width), demonstrating the potential of the 034 Vein. Other notable intercepts included:

• DDH 52-529: 1,624 g/t Ag and 1.23% Cu over 0.53 m
• DDH 52-532: 1,171 g/t Ag and 0.80% Cu over 1.46 m
• DDH 52-587: 539 g/t Ag and 1.07% Cu over 1.69 m
• DDH 52-531: 734 g/t Ag and 0.90% Cu over 0.87 m
• DDH 52-584: 354 g/t Ag and 0.43% Cu over 2.15 m

Based on 40 drill intercepts to date, the 034 Vein has a strike length of over 90 meters with potential economic continuity from above the 5200 Level to the 5500 Level, representing a vertical extent of 100 meters. Importantly, the vein remains open both up-dip and at depth, suggesting potential for future expansion.

"The recent discovery of the high-grade 034 Vein is a strong example of the continued prospectivity within our Galena mine Complex," said Paul Huet. "The successful drilling campaign has outlined a zone that offers near-term mining potential and a boost to robust grades in silver-copper zones already being mined."

The company has provided preliminary estimates indicating an exploration target of 100,000-120,000 tonnes at 311-467 g/t silver and 0.31-0.40% copper, for a total of 1.2-1.5M silver ounces and 750-800k copper pounds. Additional mineralization has been detected in both the hanging wall and footwall of the 034 Vein.

It's worth noting that the potential quantity and grade of the exploration target are conceptual in nature, and there has been insufficient exploration drilling conducted to define a Mineral Resource. The company has stated that at this stage, it is uncertain if further exploration drilling will result in the exploration target being delineated as a Mineral Resource.

Coeur Mine Exploration Plans

Beyond the 034 Vein, Americas Gold and Silver is also planning exploration at the Coeur Mine. The company has awarded a drilling contract to infill existing wide-spaced drilling at this site, with drilling scheduled to begin in early May 2025. The program will target three veins below the 3400 Level.

The Coeur Mine, developed down to the 3700 Level, has seen limited mining despite wide-spaced drilling that has intersected significant silver and copper mineralization in veins 356, 400, and 425. These four primary copper-silver veins remain open at depth, highlighting the potential for future resource growth.

Historical intercepts from the Coeur Mine have shown promising results, including:

• DDH C034-113 (Vein 400): 4,131 g/t Ag and 5.0% Cu over 0.32 m
• DDH C037-039 (Vein 356): 1,982 g/t Ag and 3.2% Cu over 1.37 m
• DDH C034-090 (Vein 425): 1,179 g/t Ag and 0.9% Cu over 1.18 m
• DDH C034-117 (Vein 400): 903 g/t Ag and 1.0% Cu over 2.54 m
• DDH C034-114 (Vein 400): 512 g/t Ag and 0.5% Cu over 2.96 m

Strategic Direction & Outlook

Board Strengthening

In a move to bolster its governance, Americas Gold and Silver has appointed Tara Hassan to its Board of Directors. Ms. Hassan brings 20 years of mining industry and capital markets experience in corporate and operational leadership and equity analysis. Ms. Hassan served as Senior Vice President, Corporate Development for SilverCrest Metals (2020-2025), where she played a leading role in the mine financing and the US$1.5 billion sale of the company to Coeur Mining Inc. Her previous experience includes roles as Vice Chair of the Association for Mineral Exploration (AME) from 2018 to 2024 and as a director of Maverix Metals from 2020 to 2023.

Equipment Upgrades for Operational Efficiency

In line with its strategic focus on scaling production and reducing costs, Americas Gold and Silver has begun implementing equipment upgrades at the Galena Complex. The company has received a delivery of two 20-ton trucks and three new LHDs (two 4-yard and one 2-yard units), representing one of several planned equipment upgrades for 2025.

The mobile equipment is being disassembled to be taken down the No. 3 shaft before being reassembled to head to mining fronts. This upgrade represents a significant step forward in the company's strategy to improve efficiencies, reduce costs, and boost tonnage mined underground.

These equipment improvements are part of a broader strategy to enhance material movement underground, which is critical to increasing production and improving the cost structure at the Galena Complex.

For Investors

Americas Gold and Silver has clearly articulated its strategic focus on becoming one of the top North American silver-focused producers. The company aims to have over 80% of its revenue generated from silver by the end of 2025, a target that aligns with current market interest in silver as both a precious and industrial metal.

The recent inclusion in the Solactive Global Silver Miners Index provides external validation of this strategic direction and could enhance the company's visibility among institutional investors. Meanwhile, the exploration success at both the Galena Complex's 034 Vein and the planned drilling at the Coeur Mine indicate potential for resource growth and production increases.

For investors considering Americas Gold and Silver, the company presents a focused North American silver play with several positive catalysts in the near term. The index inclusion could drive increased institutional interest, while the exploration success points to potential resource and production growth. The equipment upgrades underway suggest operational improvements that could positively impact the cost structure.

However, investors should be mindful of the risks and uncertainties typical of mining companies, including commodity price fluctuations, operational challenges, and the inherent uncertainty of exploration targets that have not yet been converted to defined mineral resources.

As with all mining investments, thorough due diligence and an understanding of the silver market dynamics would be advisable for potential investors.