AMERICAS GOLD AND SILVER ANNOUNCES CLOSING OF C$28.75 MILLION BOUGHT DEAL FINANCING

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TORONTO, ONTARIO  May 13, 2020 – Americas Gold and Silver Corporation (“the “Company”) (TSX:USA; NYSE American: USAS) is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters co-led by Cormark Securities Inc. and Desjardins Capital Markets (collectively, the “Underwriters”).  A total of 10,269,500 common shares of the Company (the “Common Shares”), including the exercise of the over-allotment option in full by the Underwriters, were sold at a price of C$2.80 per Common Share, for aggregate gross proceeds to the Company of C$28,754,600 (the “Offering”).

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