Arizona Gold & Silver Drilling Continues to Intersect Thick Intervals of 1 Gram Per Tonne Gold Mineralization in Core Drilling on Philadelphia Project

Mar 19, 2025

Vancouver, British Columbia, March 19, 2025 – Arizona Gold & Silver Inc. (TSXV: AZS) (OTCQB: AZASF) is pleased to report the latest encouraging assay results from its ongoing core drilling program at the Philadelphia Project in northwestern Arizona.

Rising Fawn Target

The Rising Fawn target is situated on patented mining claims within the main gold trend on the Philadelphia Project. A horizontal and shallow angle hole core drilling program was designed to fill in gaps in drilling data in the near surface mineralized zone at the Rising Fawn target.

Drill holes PC24-145 and PC25-146 and PC25-147 were drilled near the northern and southern ends respectively of the exposed mineralized hill at Rising Fawn. Hole PC24-145 and hole PC25-147 are 200 meters apart and hole PC25-146 is 35 meters north of hole PC25-147. These holes continue to return consistent thickness and grade for the Rising Fawn target area. Hole PC24-145 intersected 38.11m at 0.97 grams per tonne (“gpt’) gold. PC25-146 intersected 57.91m at 1.03 gpt gold, and PC25-147 intersected 63.9m at 0.81 gpt gold. The true widths of these intercepts are estimated at approximately 90-100% of the drilled width. Individual assays within these intercepts are reasonably consistent across the composite intervals reported above. These holes were likely collared on top of the HW vein location, given historic mining activity and access constraints due to proximity to current operations.

The results compare favourably to previous drilling on the Rising Fawn Target. The consistency of thickness and grade is unusual for an epithermal gold system. The results from holes that twinned 1980s vintage Meridian rotary (?) holes show improved thicknesses. A plan map and cross sections that show the locations of these holes are posted to the website.

Hole ID	Location	From (m)	To (m)	Thickness (m)	Gold (gpt)	Silver (gpt)
PC24-145	Rising Fawn	surface	38.1	38.1	0.97	5.65
PC25-146	Rising Fawn	surface	57.9	57.9	1.03	1.87
PC25-147	Rising Fawn	surface	63.9	63.9	0.81	2.9

Cores from three additional holes three have been submitted to Skyline Labs in Tucson and are in preparation. Several more holes will be shipped in the coming weeks.

Mr. Greg Hahn, VP Exploration commented, “We continue to pursue our objective at Philadelphia to build a bulk tonnage, low grade heap leachable resource at grades better than 0.5 gpt gold. This grade is known to be mineable in this district. Our results demonstrate we are successfully accomplishing our objective. We are continuing the core drilling program by pursuing the intercepts reported here down-dip beneath alluvial cover.”

Exploration Going Forward

Current drilling continues to test down dip of the Rising Fawn mineralized intercepts reported herewith. Drilling of the Red Hills target awaits assay results to guide the siting of ongoing drilling in that area, as does drilling the down-dip projection of the impressive thick yellow/green quartz+calcite vein and associated quartz stockwork encountered in hole PC25-136, which is currently in sample preparation at Skyline Labs.

Please refer to our website for all images related to this news release:

https://arizonagoldsilver.com/philadelphia/

QA/QC Program

All assaying was conducted by Skyline Labs, an independent analytical laboratory. Core was trucked to the Skyline Laboratory and sample preparation facility in Tucson, Arizona, where the samples are inventoried, dried, crushed and pulverized. All material handling is done under a strict chain of custody protocol. Gold is determined by fire assay with an AA finish and silver is determined by ICP-MS methods within a 31-element suite.

The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to Skyline’s laboratory facility in Tucson, Arizona, in addition to the independent QA/QC protocols of Skyline Labs.

Qualified Person

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the technical information contained in this news release.

About Arizona Gold & Silver Inc.

Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques, the company aims to drive value for stakeholders while prioritizing environmental stewardship. The flagship asset is the Philadelphia gold-silver property where the Company is drilling off an epithermal gold-silver system ahead of an initial resource calculation.

On behalf of the Board of Directors:

ARIZONA GOLD & SILVER INC.

Mike Stark, President and CEO, Director
Phone: (604) 833-4278

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2025 exploration program; the potential for development of mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s 2025 drilling program(s) on its properties, will not be consistent with the Company’s expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s 2025 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

https://arizonagoldsilver.com/