Americas Silver Corporation agreed in principle to terms under a subordinated secured credit facility with its two existing lenders pursuant to which such lenders will advance a further U.S. $2.9 million to the company. In connection with the New Credit Facility, the company has agreed, subject to TSX approval, to issue 30,000,000 common share purchase warrants divided between the lenders with a term of 3 years and an exercise price of $0.10 and to adjust the exercise price of the existing 24,321,111 warrants already held by the lenders to $0.10 with all other terms to remain unchanged. A portion of the proceeds of the debt facility will be used to finance a restructuring and workforce reduction.

As part of this initiative Chief Operating Officer Robert Taylor will resign from his role at Americas Silver on February 5, 2016. He will be replaced by Daren Dell, who currently serves as Senior Vice President, Technical Services.