REPEAT – Aya Gold & Silver Categorically Rejects the Erroneous and Misleading Allegations Made Against the Company

Core Viewpoint - Aya Gold & Silver Inc. strongly refutes the claims made in a short-seller report, asserting that the allegations are misleading and intended to benefit the short seller at the expense of shareholders [1][2]. Group 1: Resource and Production - Aya has produced over 10 million ounces of silver since 2020, with production consistently reconciling against published resource estimates, reinforcing the reliability of its resource base [6]. - The March 2021 resource model was supported by 76,000 meters of drilling, which increased to 121,500 meters by December 2021, and further expanded by an additional 231,000 meters from December 2021 to June 2025, enhancing confidence in the resource base [6]. - The mineral resource estimate for Zgounder has been prepared and verified by independent Qualified Persons, confirming the credibility of Aya's resource estimates [4][6]. Group 2: Financial Strength and Growth Plans - Aya has a robust balance sheet with approximately US$115 million in cash and generates operating cash flow from Zgounder, allowing for self-funding of growth initiatives [5][6]. - An updated technical report for Zgounder is expected to be published before year-end 2025, which will include a new mine plan incorporating both open-pit and underground operations [5][7]. - A Preliminary Economic Assessment for Boumadine is also on track for release before year-end, indicating ongoing growth potential [5][6]. Group 3: Management and Governance - The management team is focused on maximizing shareholder value through sustainable operations and rigorous governance [10][11]. - Aya emphasizes transparency and independent third-party verification in its operations, aiming to build long-term value for shareholders [7][8].