Algold Resources Ltd.: Algold Resources to Become Wholly Owned Subsidiary of Aya Gold & Silver Montreal, Quebec--(Newsfile Corp. - March 4, 2021) - Algold Resources Ltd. (TSXV: ALG) ("Algold") is pleased to provide additional information on the proposed reorganization of its share capital, which under the Investment Agreement with Aya Gold & Silver Inc. (TSX: AYA) ("Aya"), should lead to Algold becoming a wholly owned subsidiary of Aya. Under the proposed reorganization, Algold intends to exchange each Algold common share for one "Redeemable Share", which will be redeemed through the issuance of Aya shares. Algold shareholders will receive an aggregate of C$2,400,000 in Aya common shares, calculated using the five-day trailing volume-weighted average price of Aya common shares in the five trading days immediately before the issuance, registration, and delivery of Aya shares (the "Reorganization"). Upon completion of the Reorganization, Algold will be a wholly owned subsidiary of Aya and Algold shareholders will become shareholders of Aya.