Americas Silver Corporation and Lenders to Amend Terms of Debt and Warrants

TORONTO, ONTARIO--(Marketwired - June 29, 2015) - Americas Silver Corporation (TSX:SPM)(OTCQX:SMNPF) ("Americas Silver" or the "Company") today announced that, subject to standard conditions including definitive documentation, the Company will amend the terms of its C$8.5 million credit agreement between U.S. Silver & Gold Inc. and Royal Capital Management Corporation and certain lenders, executed on August 7, 2013 (the "Credit Agreement"). The amendments to the Credit Agreement will include: (i) extension of the maturity date from August, 2016 to December, 2017, and (ii) rescheduling of amortization payments from August, 2015 to January, 2017. No cash fees are to be paid to the lenders to amend the terms of the Credit Agreement. The amendment to the Credit Agreement also allows the Company to review and pursue potential options for the financing of its low capital San Rafael zinc-lead-silver project later in 2015.

The Company will also amend the terms of warrants to purchase its common shares ("Warrants") granted in connection with the Credit Agreement. The proposed amendments to the Warrants will lower the adjusted exercise price (after conversion from common shares of U.S. Silver & Gold Inc.) from $0.40 to $0.28 per common share and extend the expiry date from August 7, 2018 to August 7, 2020. The amendments to the Credit Agreement are contingent upon the completion of the proposed amendment to the Warrants which are subject to TSX approval. The warrant holders are arm's length to the Company and currently hold Warrants exercisable for 17,850,000 common shares.

Subject to the conditions referenced above, the amendments to the Credit Agreement are expected to be effective by June 30, 2015 and in accordance with, applicable TSX rules, the amendments to the Warrants are expected to be effective on or about July 13, 2015.

About Americas Silver Corporation

The Company is a silver mining company focused on growth in precious metals from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA.

For further information please see SEDAR or www.americassilvercorp.com.

Cautionary Statement on Forward-Looking Information: