AMERICAS GOLD AND SILVER ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO C$35.0 MILLION

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TORONTO, ONTARIO – August 18, 2020 – Americas Gold and Silver Corporation (TSX: USA; NYSE: USAS) (“Americas” or the “Company”) is pleased to announce that in connection with its previously announced bought deal public offering of common shares, the Company and a syndicate of underwriters (the “Underwriters”) co-led by Desjardins Capital Markets and Cormark Securities Inc., have agreed to increase the size of its previously announced offering from C$25,001,220 to C$35,000,164. Pursuant to the amended terms, the Underwriters have agreed to purchase, on a bought deal basis, 9,067,400 common shares of the Company (the “Common Shares”) at a price of C$3.86 per Common Share (the “Offering Price”) for aggregate gross proceeds to Americas of C$35,000,164 (the “Offering”).

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