Americas Gold and Silver Closes US$100 Million Debt Financing with SAF Group and Provides Galena Update

TORONTO, ONTARIO – June 25, 2025 – Americas Gold and Silver Corpora�on (TSX: USA) (NYSE American: USAS) (“Americas”, “AGS” or the “Company”), a growing North American precious metals producer, is pleased to announce that it has closed its previously announced (see AGS news release dated June 3, 2025) US$100 million senior secured debt facility ("Term Loan Facility”) provided by funds affiliated with SAF Group (“SAF”), primarily to fund growth and development capital spending at the Galena Complex. The US$100 million Term Loan Facility consists of three tranches as follows: a US$50 million term loan which was advanced to Americas upon closing, and two addi�onal tranches of US$25 million each which are available to the Company a�er sa�sfying certain condi�ons precedent.

Paul Andre Huet, Chairman and CEO, commented: “The Term Loan Facility ensures we have the balance sheet strength to implement our aggressive major growth strategy at the Galena Complex. The US$100 million debt financing is cri�cal to our plans to increase development rates and tonnage mined, and reduce unit costs at Galena. The Term Loan Facility has been strategically structured into three tranches to match the pace of our capital plans for a sustained period of robust produc�on growth.

The Americas team is progressing well on our plans with the reintroduc�on of longhole stoping and associated underground development, con�nued major equipment purchases and upgrades to the No. 3 sha�.

Americas recently mobilized a new longhole drill at Galena which is now ac�vely drilling longhole stoping areas. The longhole stoping mining method is expected to provide several advantages compared to the exis�ng predominant underhand cut-and-fill mining method. Advantages include improved safety and produc�vity, lower costs, and increased backfill capacity to reduce waste hois�ng requirements. In addi�on, the Company has bolstered its underground mining fleet with the acquisi�on of 10 new pieces of equipment made up of seven loaders – ranging from 2-yard to 4-yard capaci�es - and three 20-tonne haul trucks. The expanded fleet will support the produc�vity gains and reduced unit costs expected to be achieved as increased longhole stoping is implemented.

We are also advancing trade off studies focused on overall materials handling at Galena to op�mize produc�vity underground and hois�ng schedules.

Finally, I would like to express how pleased we are to have the support of a world-class organiza�on in SAF to help us deliver our value crea�on vision.”

Term Loan Facility

The Term Loan Facility consists of:

• A term loan with proceeds of US$50 million advanced at closing. The ini�al tranche advanced on the closing date is subject to an interest rate of SOFR (4% floor) plus 6% per annum and matures 60 months following the closing date. Principal will amor�ze over the term of the loan, with

principal repayments commencing one year a�er the closing date and payable quarterly therea�er.

• Two addi�onal US$25 million tranches that will be available to the Company upon the achievement of certain condi�ons precedent. The first addi�onal tranche will be subject to an interest rate of SOFR (4% floor) plus 6% per annum a�er funding. The second addi�onal tranche will be subject to an interest rate of SOFR (4% floor) plus 4% per annum a�er funding. Principal will amor�ze over the term of the loan with principal repayments commencing one year a�er the closing date and payable quarterly therea�er.

SAF holds senior security over all the Company’s assets and undertakings other than those rela�ng to Americas Cosalá Opera�ons located in Sinaloa, Mexico and its Relief Canyon Project located in Nevada, USA, which are secured in priority to SAF by Trafigura and Sandstorm, respec�vely for the dura�on of those financing arrangements. The Term Loan Facility is subject to an agreed OID and other fees that are customary for a facility of this size.

About Americas Gold and Silver Corpora�on

Americas Gold and Silver is a growing precious metals mining company with mul�ple assets in North America. The Company owns and operates the Cosalá Opera�ons in Sinaloa, Mexico. In December 2024, the Company acquired 100% ownership in the Galena Complex (located in Idaho, USA) in a transac�on with Eric Spro� and a Paul Huet-led management team, further strengthening its posi�on as a leading silver producer. Eric Spro� is now the largest shareholder in the company, holding a ~20% interest. With these strategically posi�oned assets, Americas Gold and Silver is focused on becoming one of the top North American silver-focused producers with an objec�ve of over 80% of its revenue generated from silver by the end of 2025.

For further informa�on, please contact:

Maxim Kouxenko - Manager, Investor Rela�ons

M: 647-888-6458 E: [email protected] W: americas-gold.com

Cau�onary Statement on Forward-Looking Informa�on:

This news release contains “forward-looking informa�on” within the meaning of applicable securi�es laws. Forward-looking informa�on includes, but is not limited to, Americas’ expecta�ons, inten�ons, plans, assump�ons, and beliefs with respect to, among other things, the poten�al to complete any or all of the applicable financings referenced in this release in the manner described including the Term Loan Facility on its terms, and are subject to the risks and uncertain�es outlined below. O�en, but not always, forwardlooking informa�on can be iden�fied by forward-looking words such as “an�cipate,” “believe,” “expect,” “goal,” “plan,” “intend,” “poten�al,” “es�mate,” “may,” “assume,” and “will” or similar words sugges�ng future outcomes, or other expecta�ons, beliefs, plans, objec�ves, assump�ons, inten�ons, or statements about future events or performance. Forward-looking informa�on is based on the opinions and es�mates of Americas as of the date such informa�on is provided and is subject to known and unknown risks, uncertain�es, and other factors that may cause the actual results, level of ac�vity, performance, or achievements of Americas to be materially different from those expressed or implied by such forwardlooking informa�on. These risks and uncertain�es include, but are not limited to: interpreta�ons or reinterpreta�ons of geologic informa�on; unfavorable explora�on results; inability to obtain permits required for future explora�on, development, or produc�on; general economic condi�ons and condi�ons affec�ng the mining industry; the uncertainty of regulatory requirements and approvals; poten�al li�ga�on; fluctua�ng mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms or at all; risks associated with the mining industry generally, such as economic factors (including future commodity prices, currency fluctua�ons, and energy prices), ground condi�ons, failure of plant, equipment, processes, and transporta�on services to operate as an�cipated, environmental risks, government regula�on, actual results of current explora�on and produc�on ac�vi�es, possible varia�ons in grade or recovery rates, permi�ng �melines, capital expenditures, reclama�on ac�vi�es, labor rela�ons; and risks related to changing global economic condi�ons and market vola�lity. Although the Company has a�empted to iden�fy important factors that could cause actual results to differ materially from those contained in forward-looking informa�on, there may be other factors that cause results not to be as an�cipated, es�mated, or intended. Readers are cau�oned not to place undue reliance on such informa�on. Addi�onal informa�on regarding the factors that may cause actual results to differ materially from this forward-looking informa�on is available in Americas’ filings with the Canadian Securi�es Administrators on SEDAR+ and with the SEC. Americas does not undertake any obliga�on to update publicly or otherwise revise any forward-looking informa�on whether as a result of new informa�on, future events, or other such factors which affect this informa�on, except as required by law. Americas does not give any assurance (1) that Americas will achieve its expecta�ons, or (2) concerning the result or �ming thereof. All subsequent wri�en and oral forward-looking informa�on concerning Americas are expressly qualified in their en�rety by the cau�onary statements above.