TORONTO, January 23, 2024–(BUSINESS WIRE)–Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company"), a growing North American precious metals producer, is pleased to provide its Q4-2023 and full year 2023 production results as well as an update to Galena Complex exploration results.

1 Silver equivalent grade for drill intercepts were calculated using metal prices of $22.00/oz silver, $3.75/lb copper and $0.95/lb lead and equivalent metallurgical recoveries were assumed for all metals (silver, lead and copper).2 Meters represent "True Width" which is calculated for significant intercepts only and is based on orientation axis of core across the estimated dip of the vein.3 Silver equivalent ounces for production in Q4-2023, Q4-2022, 2023 and 2022 were calculated based on silver, zinc and lead realized prices during the period throughout this press release.

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Contacts

Stefan AxellVP, Corporate Development & CommunicationsAmericas Gold and Silver Corporation416-874-1708

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