Aya Gold & Silver Inc.

12:03 PM EST - Aya Gold & Silver Inc. : Announced the closing of the previously announced acquisition of Algold Resources Ltd and an updated mineral resources estimate for the Tijirit Gold Project in Mauritania . All amounts are in U.S. dollars unless indicated otherwise. Aya controls 100% of Algold and is the 75% owner-operator of Tijirit, with the remaining 15% owned by the Government of Mauritania and 10% by Wafa Mining & Petroleum. Aya paid a total consideration of C$15.2 million which includes an issuance of 2,821,253 Aya shares and payment of C$2.6 million in cash. Aya Gold & Silver Inc.

shares T.AYA are trading down $0.05 at $8.39.

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