“The 2024 Technical Report reaffirms Juanicipio as a generational and premier silver mining asset. Bringing Juanicipio online in 2023 was the culmination of a series of successes since the discovery of Valdecañas in 2005. With the Report reflecting the mine’s startup phase, our focus now shifts to optimizing operations as Juanicipio enters steady-state. We are strategically positioned for sustained success with a robust production profile, compelling economics and significant exploration potential.”

“Adam will be a valued addition to our Board,” stated Ben Whiting, President and CEO of Orex. “His extensive knowledge and experience in the venture capital industry, coupled with his strong work ethic, will serve Orex well as we strive to achieve our goals.”

This year, the Company has planned a minimum of 7,000 to 10,000 meters of drilling on the Original Pilar Concessions and will look to continue that initiative. Across the broader Pilar Property exploration work will be ongoing identifying source areas for the expansive placer gold workings and the large hydrothermal alteration cells that coincide with gold and silver mineralization.

“The Pilar Gold and Silver Project has advanced significantly since we entered into the option and joint venture agreement in September 2019. We believe that the Tocvan team has done an excellent job in creating substantial project value and has positioned Pilar to potentially become a low cost gold producer in the near term.”

Americas Gold and Silver Corporation is pleased to announce that it has entered into an amending agreement with Eight Capital, as agent, to upsize the previously announced private placement. In connection with the upsized offering, the Company will issue up to 25,000,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of up to C$7,500,000.

“The fourth quarter showed steady improvement with positive net income and reduced operating costs,” said Nathan Harte, Chief Financial Officer. “With lower per ounce costs and improved margins, we are well positioned for 2024. With costs stabilizing in Mexico, our team has worked diligently to preserve our cost structure. Working capital has improved throughout the year, up to close to $10 million at the end of the year and we remain confident in our plans to move forward with La Preciosa without significant capital spending.”

Americas Gold and Silver Corporation is pleased to announce that it has entered into an agreement with Eight Capital, pursuant to which the Eight Capital has agreed to act as agent, on a “best efforts” basis, in connection with a private placement of up to 21,667,000 units of the Company at a price of C$0.30 per Unit for gross proceeds of up to C$6,500,100.

“The fourth quarter bookended a second consecutive year of operational outperformance at the Camino Rojo Oxide Mine. We are disappointed in the current investment climate in Panama, particularly as it relates to our Cerro Quema Project, but we remain steadfast in our overall near-term strategy; we started 2024 in a net cash position and we are continuing to invest in our growth opportunities in Nevada and Mexico.”