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Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Company”) strongly refutes the deceptive and inaccurate claims contained within the short-seller report.
The report incorporates quite a few inaccuracies and mischaracterizations, together with about Aya’s present administration group, operations, and useful resource base, which the Company believes are deliberately deceptive and are meant to profit the quick vendor, which has itself disclosed that it stands to revenue within the occasion that the Company’s share value declines, on the expense of Aya shareholders.
Key Information
Reliability of Useful resource Mannequin Confirmed by Silver Ounces Mined since 2021
- Since 2020, Aya has produced over 10 million ounces (“Moz”) of silver (“Ag”), with mined ounces constantly reconciling in opposition to the revealed useful resource estimate.
- Silver manufacturing continues to align with reserve estimates, reinforcing the energy, reliability, and credibility of Aya’s useful resource base.
In depth Drilling Strengthens Useful resource Mannequin and Confidence
- The March 2021 useful resource mannequin was supported by 76,000 meters (“m”) of drilling, which expanded to 121,500 m by December 2021 (+45,500 m). This strong dataset fashioned the inspiration of the present Zgounder useful resource mannequin.
- From December 2021 to June 2025, Aya accomplished an extra 231,000 m of drilling, considerably growing confidence within the useful resource base.
- Drilling continues to determine extensions of mineralization at Zgounder and regional targets, highlighting robust exploration upside and progress potential past the present mine footprint.
- This substantial, ongoing drilling program offers the essential knowledge underpinning the upcoming useful resource replace.
Unbiased, Third-Social gathering Verified Useful resource Estimates
- Zgounder’s mineral useful resource estimate was ready and verified by impartial Certified Individuals at P&E Mining Consultants Inc. (“P&E”) in compliance with the requirements set forth in Nationwide Instrument 43-101- Requirements of Disclosure for Mineral Tasks and have been confirmed by means of rigorous third-party evaluation.
- Earlier than offering a development mortgage for the Zgounder enlargement challenge, the European Financial institution for Reconstruction and Growth, employed an impartial technical advisor which confirmed the prevailing useful resource, reflecting its confidence in Aya’s estimates and working credibility.
Up to date Zgounder Technical Report on Observe for This autumn-2025
- Aya is within the strategy of finishing an up to date technical report for Zgounder. The up to date technical report consists of an up to date, independently modelled useful resource, together with a brand new mine plan which can incorporate each open-pit and underground operations.
- As deliberate and beforehand communicated to the market, this up to date technical report, anticipated to be revealed earlier than year-end, will show the energy and longevity of the asset.
Sturdy Money Stream and Steadiness Sheet
- Aya has a strong steadiness sheet with roughly US$115 million in money and generates working money move from Zgounder.
- This monetary energy permits Aya to self-fund progress and spend money on Boumadine. A Preliminary Financial Evaluation (“PEA”) for Boumadine stays on monitor for launch earlier than year-end.
The allegations made in opposition to Aya are categorically false. Zgounder’s mined ounces reconcile as anticipated, our mining strategies and working practices proceed to enhance, and we’re finalizing an up to date technical report that may combine each open-pit and underground operations,” stated Benoit La Salle, President & CEO. “Current drilling continues to verify extensions at Zgounder, whereas Boumadine is advancing quickly as a tier-one progress asset. Backed by robust money move, rigorous governance, transparency, shareholder alignment, and impartial third-party verification, Aya is firmly centered on disciplined execution and long-term worth creation.”
Whereas quick studies might make provocative claims, Aya rejects irresponsible hypothesis and stands by its technical, operational, and disclosure integrity. The Company urges all traders to think about the complete physique of public proof, historic drill document, and impartial documentation earlier than drawing conclusions. Aya stays dedicated to unlocking the complete worth of Zgounder and delivering long-term worth for shareholders.
Whereas Aya’s main focus stays on delivering operational efficiency and clear disclosure, the Company won’t hesitate to pursue applicable cures ought to it decide that false or deceptive info has been disseminated in a way that harms its shareholders or operations.
Certified Individual
The scientific and technical info contained on this press launch have been reviewed and permitted by Raphael Beaudoin, P. Eng, Vice-President, Operations, who’s a “Certified Individual” as outlined beneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”) and by David Lalonde, B. Sc, P. Geo, Vice-President Exploration, Certified Individual, for accuracy and compliance with Nationwide Instrument 43-101.
About Aya Gold & Silver Inc.
Aya Gold & Silver Inc. is a quickly rising, Canada-based silver producer with operations within the Kingdom of Morocco.
The one TSX-listed pure silver mining firm, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties alongside the possible Anti-Atlas Fault, a number of of which have hosted past-producing mines and historic assets.
Aya’s administration group has been centered on maximizing shareholder worth by anchoring sustainability on the coronary heart of its operations, governance, and monetary progress plans.
For extra info, please go to Aya’s web site at www.ayagoldsilver.com .
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Ahead-Wanting Statements
This press launch incorporates sure statements that represent forward-looking info throughout the that means of relevant securities legal guidelines (“forward-looking statements”), which displays administration’s expectations relating to Aya’s future progress and enterprise prospects (together with the timing and growth of recent deposits and the success of exploration actions) and different alternatives. Wherever potential, phrases comparable to “monitor”, “in-line”, “energy”, “enhance”, “upside”, “progress”, “potential”, “deliberate”, “robust”, “anticipated”, “important”, “plan”, “extra”, “develop”, “important”, and comparable expressions or statements that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly”, “will”, or are “probably” to be taken, happen or be achieved, have been used to determine such forward-looking info. Particular forward-looking statements on this press launch embrace, however will not be restricted to, statements and data with respect to the accuracy of useful resource estimates and fashions, continuity of the mineralization and its grade, the potential to meaningfully develop assets, the potential for any drilling end result to verify the existence of a brand new zone, the capability of the Company to finish and publish the PEA and the up to date technical report as described herein, drilling to extend the boldness within the useful resource base, continued exploration to lead to upside and supporting useful resource progress potential past the present mine footprint. Though the forward-looking info contained on this press launch replicate administration’s present beliefs based mostly upon info at present out there to administration and based mostly upon what administration believes to be cheap assumptions, Aya can’t be sure that precise outcomes will probably be in step with such forward-looking info. Such forward-looking statements are based mostly upon assumptions, opinions and evaluation made by administration in gentle of its expertise, present situations, and its expectations of future developments that administration consider to be cheap and related however that will show to be incorrect. These assumptions embrace, amongst different issues, the power to acquire any requisite governmental approvals, acquiring regulatory permits for on-site work, importing items and equipment and employment permits, the accuracy of Mineral Reserve and Mineral Useful resource Estimates (together with, however not restricted to, ore tonnage and ore grade estimates), the value of silver, the value of gold, change charges, gas and vitality prices, future financial situations, anticipated future estimates of free money move, and programs of motion. Aya cautions you to not place undue reliance upon any such forward-looking statements.
The dangers and uncertainties that will have an effect on forward-looking statements embrace, amongst others: the inherent dangers concerned in exploration and growth of mineral properties, together with authorities approvals and allowing, adjustments in financial situations, adjustments within the worldwide value of silver gold and different key inputs, adjustments in mine plans (together with, however not restricted to, throughput and recoveries being affected by metallurgical traits) and different components, comparable to challenge execution delays, lots of that are past the management of Aya, in addition to different dangers and uncertainties that are extra totally described in Aya’s Annual Info Type for the 12 months ended December 31, 2024, dated March 31, 2025, and in different filings of Aya with securities and regulatory authorities which can be found on SEDAR+ at www.sedarplus.ca. Aya doesn’t undertake any obligation to replace forward-looking statements ought to assumptions associated to those plans, estimates, projections, beliefs, and opinions change. Nothing on this doc needs to be construed as both a suggestion to promote or a solicitation to purchase or promote Aya securities. All references to Aya embrace its subsidiaries except the context requires in any other case.
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