2023 |Americas Gold and Silver Company

This press launch constitutes a “designated information launch” for the needs of the Firm’s prospectus complement dated Could 17, 2021, to its quick type base shelf prospectus dated January 29, 2021.

TORONTO, ONTARIO – January 11, 2023 – Americas Gold and Silver Company (TSX: USA) (NYSE American: USAS) (“Americas” or the “Firm”), a rising North American valuable metals producer, is happy to supply its full 12 months 2022 manufacturing outcomes and progress of the Galena Hoist Challenge.

The Firm’s 2022 estimated attributable silver equal[1] manufacturing of 5.3 million ounces exceeded the silver equal steering vary of 4.8 – 5.2 million ounces.
Silver manufacturing for 2022 is estimated to be simply over 1.3 million ounces versus the steering vary of 1.4 – 1.8 million ounces.  As highlighted beforehand, the Firm selected to prioritize mining the bottom metallic wealthy Foremost Zone on the Cosalá Operations and delayed manufacturing from the higher-grade silver Higher Zone on the Cosalá Operations which contributed to the decrease silver manufacturing.
The Galena Hoist challenge continues to move-forward and the hoist was bodily put in previous to year-end.  Shaft restore will begin following completion {of electrical} work and commissioning.  The Galena Hoist is anticipated to be absolutely operational in Q2-2023.  

“I want to thank our workers for the Firm’s sturdy end to the 12 months that resulted in silver equal manufacturing exceeding the higher finish of our steering vary.  As we had indicated all year long, we selected to prioritize mining increased grade zinc and lead areas on the Cosalá Operations to maximise income given the prevailing costs for each zinc and lead versus silver,” said Americas President and CEO Darren Blasutti.  “As soon as shaft restore is full and the Galena Hoist turns into absolutely operational, we anticipate it is going to add operational flexibility and help plans to considerably enhance manufacturing on the Galena Complicated shifting ahead.  I’m assured that the Firm will proceed its sturdy manufacturing trajectory going ahead into 2023.”   

Consolidated Attributable Manufacturing*

* Silver equal ounces for 2022 and 2021 had been calculated primarily based on silver, zinc and lead realized costs throughout every respective interval all through this press launch.

The Cosalá Operations produced 196,000 ounces of silver, 3.8 million kilos of lead and 10.4 million kilos of zinc in This autumn-2022 and 636,000 ounces of silver, 15.3 million kilos of lead and 39.3 million kilos of zinc in 2022.  The Firm continued to deal with mining the higher-grade zinc and lower-grade silver areas of the Foremost Zone to maximise income generated from the Cosalá Operations.  In consequence, base metallic manufacturing exceeded the higher finish of the 2022 steering vary whereas silver manufacturing was barely under the underside finish of the vary.  The second half of the fourth quarter noticed increased silver manufacturing because the mining fee elevated within the Higher Zone.

The Galena Complicated attributable manufacturing was roughly 182,000 ounces of silver and a pair of.2 million kilos of lead in This autumn-2022 and 672,000 ounces of silver and 9.3 million kilos of lead in 2022.  Lead manufacturing for the 12 months was inside steering whereas silver manufacturing was barely under the decrease finish of the steering vary because of the weaker than anticipated manufacturing in late Q3-2022 that affected the beginning of This autumn-2022.  Silver manufacturing in December 2022 was the very best of any month through the calendar 12 months because the operation started accessing increased grade silver stopes together with the brand new 3700 Degree.

The Firm is happy to announce that the hoist for the Galena Hoist challenge has been efficiently put in.  As soon as it turns into absolutely operational, the Galena Hoist will enhance hoisting capability on the Galena Complicated, help plans to extend manufacturing and enhance operational flexibility.

About Americas Gold and Silver Company

Americas Gold and Silver Company is a high-growth valuable metals mining firm with a number of property in North America.  The Firm owns and operates the Reduction Canyon mine in Nevada, USA, the Cosalá Operations in Sinaloa, Mexico and manages the 60%-owned Galena Complicated in Idaho, USA.  The Firm additionally owns the San Felipe improvement challenge in Sonora, Mexico.  For additional data, please see SEDAR or www.americas-gold.com.

For extra data:

Stefan AxellVP, Company Growth & CommunicationAmericas Gold and Silver Corporation416-874-1708

Darren BlasuttiPresident and CEOAmericas Gold and Silver Corporation416‐848‐9503

Technical Data and Certified Individuals

The scientific and technical data regarding the operation of the Firm’s materials working mining properties contained herein has been reviewed and authorized by Daren Dell, P.Eng., Chief Working Officer of the Firm.  The Firm’s present Annual Data Type and the NI 43-101 Technical Reviews for its different materials mineral properties, all of which can be found on SEDAR at www.sedar.com, and EDGAR at www.sec.gov include additional particulars concerning mineral reserve and mineral useful resource estimates, classification and reporting parameters, key assumptions and related dangers for every of the Firm’s materials mineral properties, together with a breakdown by class.

All mining phrases used herein have the meanings set forth in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101”), as required by Canadian securities regulatory authorities.  These requirements differ from the necessities of the SEC which are relevant to home United States reporting corporations.  Any mineral reserves and mineral sources reported by the Firm in accordance with NI 43-101 could not qualify as such below SEC requirements. Accordingly, data contained on this information launch will not be akin to related data made public by corporations topic to the SEC’s reporting and disclosure necessities.

Cautionary Assertion on Ahead-Wanting Data:

This information launch accommodates “forward-looking data” throughout the that means of relevant securities legal guidelines.  Ahead-looking data consists of, however isn’t restricted to, Americas Gold and Silver’s expectations, intentions, plans, assumptions and beliefs with respect to, amongst different issues, estimated and focused manufacturing charges and outcomes for gold, silver and different metals, the anticipated costs of gold, silver and different metals, in addition to the associated prices, bills and capital expenditures; manufacturing from the Galena Complicated, together with the anticipated manufacturing ranges and potential further mineral sources thereat;  the anticipated timing and completion of the Galena Hoist  challenge and the anticipated operational and manufacturing outcomes therefrom, together with the anticipated enhancements to the money prices per silver ounce and all-in sustaining prices per silver ounce on the Galena Complicated following completion; mining and processing operations at  the Cosalá Operations persevering with, together with anticipated manufacturing ranges and the continuity of authorized entry for workers and contractors.  Steering and outlook references contained on this press launch had been ready primarily based on present mine plan assumptions with respect to manufacturing, improvement, prices and capital expenditures, the metallic worth assumptions disclosed herein, and assumes no antagonistic impacts to operations from the COVID 19 pandemic, no additional antagonistic impacts to the Cosalá Operations from blockades, and completion of the Galena Hoist challenge on its anticipated schedule and price range, and the belief of the anticipated advantages therefrom,  and is topic to the dangers and uncertainties outlined under.  The power to keep up money movement optimistic manufacturing on the Cosalá Operations by way of assembly manufacturing targets and on the Galena Complicated by way of implementing the Galena Recapitalization Plan, together with the completion of the Galena Hoist challenge on its anticipated schedule and price range, permitting the Firm to generate adequate working money flows whereas dealing with market fluctuations in commodity costs and inflationary pressures, are vital judgments within the consolidated monetary statements with respect to the Firm’s liquidity.  Ought to the Firm expertise detrimental working money flows in future durations, the Firm might have to lift further funds by way of the issuance of fairness or debt securities.  Usually, however not all the time, forward-looking data might be recognized by forward-looking phrases similar to “anticipate”, “consider”, “count on”, “aim”, “plan”, “intend”, “potential’, “estimate”, “could”, “assume” and “will” or related phrases suggesting future outcomes, or different expectations, beliefs, plans, aims, assumptions, intentions, or statements about future occasions or efficiency.  Ahead-looking data relies on the opinions and estimates of Americas Gold and Silver as of the date such data is offered and is topic to identified and unknown dangers, uncertainties, and different elements that will trigger the precise outcomes, degree of exercise, efficiency, or achievements of Americas Gold and Silver to be materially totally different from these expressed or implied by such forward-looking data.  With respect to the enterprise of Americas Gold and Silver, these dangers and uncertainties embody dangers regarding widespread epidemics or pandemic outbreak together with the COVID-19 pandemic, together with the emergence of latest strains and/or the resurgence of COVID-19, actions which have been and could also be taken by governmental authorities to include the COVID-19 pandemic or to deal with its affect and/or the supply, effectiveness and use of therapies and vaccines (together with the effectiveness of boosters); the affect of COVID-19 on our workforce, suppliers and different important sources and what impact these impacts, in the event that they happen, would have on our enterprise, together with our capacity to entry items and provides, the power to move our merchandise and impacts on worker productiveness, the dangers in reference to the operations, money movement and outcomes of the Firm regarding the unknown length and affect of the COVID-19 pandemic; interpretations or reinterpretations of geologic data; unfavorable exploration outcomes; lack of ability to acquire permits required for future exploration, improvement or manufacturing; common financial situations and situations affecting the industries by which the Firm operates; the uncertainty of regulatory necessities and approvals; potential litigation; fluctuating mineral and commodity costs; the power to acquire obligatory future financing on acceptable phrases or in any respect; the power to function the Firm’s initiatives; and dangers related to the mining business similar to financial elements (together with future commodity costs, foreign money fluctuations and power costs), floor situations, unlawful blockades and different elements limiting mine entry or common operations with out interruption, failure of plant, tools, processes and transportation providers to function as anticipated, environmental dangers, authorities regulation, precise outcomes of present exploration and manufacturing actions, potential variations in ore grade or restoration charges, allowing timelines, capital and building expenditures, reclamation actions, labor relations or disruptions, social and political developments, dangers related to usually elevated inflation and inflationary pressures, dangers associated to altering world financial situations, and market volatility, dangers regarding geopolitical instability, political unrest, warfare, and different world conflicts could lead to antagonistic results on macroeconomic situations together with volatility in monetary markets, antagonistic modifications in commerce insurance policies, inflation, provide chain disruptions and different dangers of the mining business.  The potential results of the COVID-19 pandemic on our enterprise and operations are unknown at the moment, together with the Firm’s capacity to handle challenges and restrictions arising from COVID-19 within the communities by which the Firm operates and our capacity to proceed to soundly function and to soundly return our enterprise to regular operations.  The affect of COVID-19 on the Firm depends on quite a few elements outdoors of its management and information, together with the effectiveness of the measures taken by public well being and governmental authorities to fight the unfold of the illness, world financial uncertainties and outlook because of the illness, and the evolving restrictions regarding mining actions and to journey in sure jurisdictions by which it operates.  Though the Firm has tried to establish vital elements that would trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated, or meant.  Readers are cautioned to not place undue reliance on such data.  Extra data concerning the elements that will trigger precise outcomes to vary materially from this ahead‐wanting data is accessible in Americas Gold and Silver’s filings with the Canadian Securities Directors on SEDAR and with the SEC.  Americas Gold and Silver doesn’t undertake any obligation to replace publicly or in any other case revise any forward-looking data whether or not because of new data, future occasions or different such elements which have an effect on this data, besides as required by regulation.  Americas Gold and Silver doesn’t give any assurance (1) that Americas Gold and Silver will obtain its expectations, or (2) in regards to the outcome or timing thereof.  All subsequent written and oral ahead‐wanting data regarding Americas Gold and Silver are expressly certified of their entirety by the cautionary statements above.