Americas Gold And Silver Upsizes Bought Deal Private Placement To $115M For 28.75M Shares At $4.00 Each

Americas Gold and Silver Corporation (TSX:USA) (NYSE:USAS) ("Americas" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and BMO Capital Markets (collectively, the "Underwriters") to increase the size of its previously announced "bought deal" private placement to aggregate gross proceeds of US$115,000,000. The Offering (as defined herein) shall consist of 28,750,000 common shares of the Company (the "Common Shares") at a price of US$4.00 per Common Share (the "Offering").

The Company has also granted the Underwriters an option to purchase up to an additional 4,312,500 Common Shares at US$4.00 per Common Share for additional gross proceeds of up to US$17,250,000, which option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.

The net proceeds of the Offering will be used to fund the cash portion of the purchase price in connection with the Acquisition, and to fund capital expenditures and support working capital at the Crescent Mine following completion of the Acquisition, as well as for working capital and general corporate purposes.