Americas Gold and Silver Corporation Provides Production Update for Its Cosalá Operations

Americas Gold and Silver Corporation  ("Americas" or the "Company") is pleased to provide a December production update for the Company's Cosalá Operations following the Q4-2021 re-opening.

Key production accomplishments for December 2021 ramp-up include:

• Milled approximately 47,000 ore tonnes or 1,695 tonnes milled per operating day.
• Approximate average mill feed grades of 54 g/t silver, 4.0% zinc and 1.8% lead.
• Production of approximately 46 thousand ounces of silver, 3.2 million pounds of zinc and 1.3 million pounds of lead.
• Achievement of free-cash flow during the December ramp-up period.

Following the successful re-start of the operations, the Los Braceros mill is now processing just under 1,800 tonnes per day. The Company will provide production guidance for the Cosalá Operations and the Galena Complex for 2022 in February 2022.

Initial production at the Cosalá Operations will focus on maximizing near-term free cash flow by mining high-grade zinc areas of the Main Zone which were fully developed prior to the illegal blockade. Over the course of the next six months, the mine will continue development into the Upper Zone, which carries silver grades approximately 5-6 times higher than the Main Zone. Mining the silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver on an annualized basis.