Americas Gold and Silver Corporation provided an update to Galena Complex exploration results. Following the successful drill results at the Galena Complex highlighted in the Company?s January 23, 2024 press release, the Company is pleased to provide results from Hole 49-703, returning an extremely high-grade Ag-Cu intercept targeting the gap in drilling between the 4600 Level and the 4900 Level. Hole 49-703: 20,147 g/t silver and 5.9% copper (20,842 g/t silver equivalent) over 2.1 m; Hole 49-703 is less than 10 meters from the previously announced hole, 49-668, and is within 30 meters of existing mine infrastructure.

The Company intends to drill additional holes to delineate the vein and contained grade and is confident that this area can provide high-grade ore to the mill before the end of Q2-2024. Galena Exploration Update: The Galena Complex has been actively drilling near mine exploration targets with exciting results including an area between the 4600 Level and 4900 Level which was previously a gap in drilling, did not contain a mineral resource, and has since been consistently returning high-grade intercepts of attractive Ag-Cu veins. After the positive results from the drill program located near the 4600 level and reported in the Company?s January 23rd press release, the Company prioritized follow-up drilling to the high-grade intercept in Hole 49-668.

The Company decided to move a drill to a decommissioned powder magazine on the 4900 level to explore and define this area. Hole 49-703 is the first successful follow up hole in this program and its proximity to the intercept in Hole 49-668 indicates continuity of the vein in this area. Hole 49-703: 20,147 g/t silver and 5.9% copper (20,842 g/t silver equivalent) over 2.1 m. The previously reported hole on which was reported on January 23, 2024 was hole 49-668 and contained: Hole 49-668: 5,663 g/t silver, 1.1% copper and 0.2% lead (5,793 g/t silver equivalent) over 0.8 m and: 1,012 g/t silver and 0.6% copper (1,087 g/t silver equivalent) over 1.1 m and: 5,598 g/t silver, 2.3% copper and 4.0% lead (5,982 g/t silver equivalent) over 1.2 m.