AMERICAS GOLD AND SILVER ANNOUNCES C$25 MILLION BOUGHT DEAL PUBLIC OFFERING

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TORONTO, ONTARIO—May 5, 2020— Americas Gold and Silver Corporation (“the “Company”) (TSX:USA; NYSE American: USAS) has today entered into an agreement with a syndicate of underwriters co‐led by Cormark Securities Inc. and Desjardins Securities Inc. (collectively, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase on a bought deal basis 8,930,000 common shares of the
Company (the “Common Shares”) at a price of C$2.80 per Common Share (the “Offering Price”), for aggregate gross proceeds of approximately C$25,000,000 (the Offering”).

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