Aya Gold & Silver Inc. (TSX:AYA, NASDAQ:AYA) ("Aya" or the "Company") is pleased to announce the acquisition of a strategic exploration portfolio comprising three mining licenses and 18 exploration permits covering approximately 259 km² of land across three distinct exploration projects, within highly prospective and underexplored mineral belts in Morocco (the "Portfolio"). 

The acquisition complements the Company's existing asset base, further consolidating its exploration footprint in Morocco, including the regional area surrounding the Zgounder operation and beyond it. It strengthens the Company's district-scale exploration strategy while expanding its exposure to precious, base, and critical metal opportunities.

Transaction

The Portfolio was acquired for a total consideration of MAD 10 million, consisting of cash and an assumption of debt. In addition, the sellers are entitled to milestone payments based on future resource and development milestones, and a 2% net smelter return royalty on future commercial production from the Portfolio, which may be repurchased in whole or in part by the Company under certain predetermined conditions. Certain customary post-closing administrative formalities in Morocco remain in progress.

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