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Aya Gold & Silver Announces Commencement of Boumadine Feasibility Study and Accelerates Project Development

Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce the commencement of a work program designed to support a Feasibility-level Study (“FS”) for the Boumadine Project (“Boumadine”), representing the next key milestone in advancing the Boumadine polymetallic project in the Kingdom of Morocco. This follows the positive Preliminary Economic Assessment (“PEA”) announced on November 4, 2025, and the related technical report filed on December 18, 2025.

Mar 12, 2026 &03431212202631; 16:43 UTC www.bnnbloomberg.ca Trending 3/5

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Positive for markets

Sentiment score: +75/100

Moderate impact Medium-term (weeks)

WHAT THIS MEANS

Aya Gold & Silver has commenced a Feasibility Study for its Boumadine polymetallic project in Morocco, following a positive Preliminary Economic Assessment. This represents significant project advancement and de-risks the development pathway for the company's mineral assets.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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AYA

AYAStock

Expected to rise

Positive milestone in project development with feasibility study commencement reduces execution risk and validates economic viability of Boumadine polymetallic project

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Gold Futures

GC=FCommodity

Expected to rise

Increased gold production potential from advancing Boumadine project supports gold market fundamentals

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Polymetallic project development may include base metals exposure, supporting broader commodity demand

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider accumulating AYA on any weakness as feasibility study completion typically precedes financing and production decisions. Monitor quarterly updates on study progress and commodity price correlations, particularly gold and silver.

KEY SIGNALS

Feasibility study commencement reduces project riskPositive PEA validates economic fundamentalsMorocco jurisdiction provides geopolitical stabilityPolymetallic asset diversificationClear development pathway established

SECTORS INVOLVED

MaterialsMiningPrecious Metals

Analysis generated on Mar 16, 2026 at 16:52 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by BNN Bloomberg. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Aya Gold & Silver Announces Commencement of Boumadine Feasibility Study and Accelerates Project Development

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