Americas Gold And Silver Announces Significant Increase To Galena Complex Resource

TORONTO, Sept. 14, 2020

On a consolidated and attributable basis, estimated contained metal in the proven and probable mineral reserve categories totalled 610,000 ounces of gold, 30.6 million ounces of silver, 134 million pounds of zinc, 129 million pounds of lead and 28 million pounds of copper.  Please refer to the Company's website for a full breakdown of its Mineral Reserve and Mineral Resource statement by asset.

2020 Mineral Reserve and Mineral Resource Update Highlights

• Since the June 2019 Mineral Reserve and Resource statement, exploration drilling was focused solely at the Galena Complex as the Company constructed and commissioned Relief Canyon.
  
  
• Drilling to date at the Galena Complex includes approximately 33% of planned exploration drilling based on the Galena Complex Recapitalization Plan ("Recapitalization Plan").
  
  
• Based on this initial drilling at the Galena Complex, measured and indicated ("M&I") silver resources on a 100% basis (60% USA/40% Eric Sprott) increased from 27.4 million ounces to 37.3 million ounces and inferred silver resources increased from 39.0 million ounces to 78.6 million ounces. This represents a 36% and 101% increase, respectively, from previous reported estimates.

"I am pleased to see the initial exploration efforts at the Galena Complex translating into meaningful increases to silver resources in such a short time," stated Americas President and CEO Darren Blasutti.  "A significant amount of drilling remains planned for deeper levels of the Galena Complex.  I am confident that with this drilling we will see continued increases to silver resources and eventually convert these silver resources to silver reserves.  As Relief Canyon ramps up to commercial production and we continue efforts to re-start the Cosalá Operations, we expect a renewed focus on exploration efforts at these operations in the future."

Mineral Reserve and Mineral Resource Statement – June 30, 2020¹

Proven and Probable Mineral Reserves – 100% basis for all assets except the Galena Complex at 60%