Americas Gold and Silver Corporation continues to assess the potential impacts of the COVID-19 pandemic on operations during this unprecedented period. Due to the rapidly changing and on-going uncertainty caused by the COVID-19 pandemic, which has resulted in a reduced ability to efficiently meet normal commissioning challenges at Relief Canyon with the COVID-19 limitations in place and impact to the Cosalá Operations, the Company has decided to withdraw the full-year 2020 guidance.

The company provided operations update. Summary: Relief Canyon poured first gold in mid-February 2020 and the Company remains confident that commercial production can be achieved towards the end of second quarter 2020 or beginning of third quarter 2020 despite the challenges presented by COVID19. While Relief Canyon has been operating through the COVID19 pandemic, rampup has been slower than anticipated due to an inability to get key management and consultants to site to troubleshoot common start up challenges. All operating aspects of Relief Canyon have now started to meet budget parameters. Waste movement is ahead of budget and there is an ore stockpile of over 0.2 million tonnes. As of April 30, 2020, approximately 3.3 million tonnes of material have been mined, including 2.5 million tonnes of waste and 0.8 million tonnes of ore. Ore gold grade mined and early grade reconciliation are inline with the mine plan. Ore leaching has been slower than planned, a common issue when commissioning heap leach operations. Pregnant solution grade and solution application rate are now nearing design levels following improvements to agglomeration, solution application and stacking practices. The Galena recapitalization plan ("Recapitalization Plan") is proceeding better than expectations with the Company seeing benefits in both production and exploration. The company plans to update the market on this asset on a more regular basis moving forward. The Mexican government issued a national decree to suspend nonessential businesses in relation to the COVID19 pandemic until the end of May 2020. This order affects all mining operations.

Outlook for 2021 continues to be 90,000 to 110,000 gold equivalent ounces which assumes Relief Canyon is fully ramped up to commercial production and the Cosalá Operations has resumed normal operations and expected production.