Algold Resources Ltd. (TSXV: ALG) ('Algold') is pleased to announce that its previously announced Proposal and reorganization closed today.

Effective henceforth, Algold is a wholly owned subsidiary of Aya Gold & Silver Inc (TSX: AYA) and is no longer a reporting issuer under applicable securities laws.

Contact:

Yves Grou

Tel: +1 (514) 237-7757

Email: y.grou@algold.com

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