MONTREAL, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX:AYA, OTCQX:AYASF) ("Aya" or the "Corporation") is pleased to announce that it has achieved financial completion under its US$100 million project loan with the European Bank for Reconstruction and Development ("EBRD") for the expansion of the Zgounder Silver Mine ("Zgounder") in the Kingdom of Morocco.

Financial completion was achieved following a comprehensive technical and financial review conducted by the EBRD. This milestone demonstrates the mine's successful transition to commercial production, as well as material compliance with financial covenants and the Environmental and Social Action Plan (ESAP).

This achievement results in a reduction of the Corporation's security guarantees and a corresponding decrease in the debt service recovery account, which is recorded as restricted cash in the Corporation's financial statements, under the financing agreement.

"Achieving financial completion marks a major milestone for Aya," said Benoit La Salle, President & CEO of Aya Gold & Silver. "It validates the exceptional execution of our team, the robustness of our operations, and the confidence of our financial partners. With Zgounder now performing above design capacity, Aya is well-positioned to generate strong free cash flow and deliver on its next phase of growth."

About Aya Gold & Silver Inc.

Aya Gold & Silver is ...