Americas Gold and Silver Completes Phase 2 of No. 3 Shaft Upgrades at Galena, Increasing Current Hoisting Capacity by 100% and Provides Operations Update

About this update from Americas Gold And Silver Corporation

Toronto, Ontario and Wallace, Idaho--(Newsfile Corp. - June 25, 2026) - Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) ("Americas" or the "Company") a growing North American precious metals and antimony producer, is pleased to announce the completion of Phase 2 of the No. 3 Shaft modernization program at the Galena Complex in Idaho, a key infrastructure project supporting the Company's planned production growth at both the Galena and Crescent mines. The No. 3 Shaft serves as the primary production shaft for personnel, materials, and ore at the Galena Complex. The modernization program is a cornerstone of the Company's previously announced growth capital program and represents a significant step toward increasing mining rates, improving operating efficiency, reducing operational risk, and unlocking the long-term value of both the Galena and Crescent mines. The Company also reports that earlier this month a minor electrical fire was identified and rapidly contained at its Galena Mine in Idaho, USA. The incident resulted in no injury to staff or significant damage to mine infrastructure. The electrical fire was an isolated incident and was the result of a short circuit in a ventilation fan on the 4900 Level of the mine. Galena has since resumed normal operations, with the exception of the 4900 Level, which is undergoing additional precautionary safety audits and evaluation for any necessary repairs to the ventilation infrastructure in the area. In addition, a regional wildfire occurred last week near the Company's Crescent Mine and has since been fully extinguished. There was no damage at the mine site, however the fire prevented mine personnel from accessing the mine for approximately two days due to regional and Company safety mandates. Crews have since resumed normal development activities. Paul Andre Huet, Chairman and CEO, commented: "First and foremost, I am thrilled that all our personnel are safe and that our safety protocols and systems were followed after an isolated electrical fire caused by a short circuit in a ventilation fan. I am proud that our crews performed in such a professional manner and utilized their extensive mine rescue training to quickly and safely deal with a situation of this nature. The professionalism of the response by our Galena team is no surprise to me: just last month, the Galena Mine Rescue Team ranked first overall at the nationally recognized Central Mine Rescue Competition, held in Juneau, Alaska. The safety of our people will always be our highest priority, and I was very pleased to see that our mine rescue team was quickly deployed and confirmed that the situation was isolated and fully contained.

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