(The Newswire)

Vancouver, British Columbia –

Newswire –

From May 9, 2023

Arizona Silver Exploration Inc.

(TSXV:

AZS

)

(

Store: AZASF

)

We are pleased to announce that we have received the final assays from 12

A counter-circulation (“RC”) borehole at the Philadelphia Hydrothermal Gold Project in Mojave County, Arizona.drilling program

Both the Footwall (FW) and Hanging Wall (HW) veins intersected high-grade gold values, with mineralized stockwork in between.

Five holes were completed in one of the three patented claims known as the Rising Phone Zone, and seven holes were completed at GAP in the Perry Zone.

All 12 holes intersected gold mineralization in previously unexcavated areas.

Highlights include 51 grams per tonne (“gpt”) of gold and 16.1 gpt of silver in FW veins from 54.88 meters (m) to 56.40m, and 18.2 gpt in HW veins from 13.72m to 15.24m. of gold and 46.6 gpt of silver. PRC23-97. The average across the interval from 10.67m to 60.98m (50.31m) is 2.89 gpt gold and 6.74 gpt silver.

Full summary assay results from 12 wells are tabulated below.

Greg Hahn. VP-Survey Comments,

“Drilling in these previously undrilled areas has delivered exactly what we were aiming for – the continuation of good grade mineralization. The zone continues to exhibit robust gold mineralization from near the surface to depths of 70 to 100 meters.The Perry Zone is particularly encouraged by the success of GAP drilling. We have confirmed the continuation of mineralization in the volcano, and importantly, the system remains open in both directions along the strike and along the downdip.”

Sections available here:

Philadelphia Property

current drilling

The company has commenced core drilling to test the downdip extension of the HW and FW veins and the western extremity of the recently identified Red Hill CSAMT geophysical target (see news release dated April 22, 2023). ). Results will be announced as soon as they are received.

QA/QC program

All assays were performed by ALS Global, an independent analytical laboratory. Reverse circulation (RC) cuts were shipped to the ALS sample preparation facility in Tucson, Arizona, where the samples were cataloged, dried, ground, and milled. The pulverized splits will be sent to his ALS analysis facility in Vancouver, British Columbia for analysis. All material handling is done under strict control protocols. Gold is measured by fire assay with AA finish, samples over 10 grams per tonne of gold are measured gravimetrically and silver is measured by his ICP-MS method within the 31 element suite.

In addition to ALS Global’s independent QA/QC protocol, we have a proprietary program to insert standard reference materials in the form of standards and blanks into the sampling stream prior to shipment to ALS’ preparation facility in Tucson, Arizona. is maintained.

qualified person

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

About Arizona Silver Exploration

Arizona Silver is a young exploration company focused on exploring gold and silver assets in western Arizona and Nevada. The flagship property is the Philadelphia property and is the subject of this news release.

On behalf of the Board of Directors:

ARIZONA SILVER EXPLORATION INC.

Mike Stark, President and CEO, Director

Phone: (604) 833-4278

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward-looking statements or information. All statements other than statements of historical fact contained in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements regarding timing, costs and other aspects of the 2023 exploration program. development potential of mineral resources; potential mineralization and geological merits of exploration properties; Our other future plans, objectives or expectations. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those projected by such statements. or material factors that could cause it to differ materially from expectations, including, but not limited to, actual results of current and planned exploration activities (including the results of our 2023 drilling program on our property); Do not include risks.of

company expectations; the geology, grade and continuity of deposits and the risk of unexpected fluctuations in mineral resources, grades and/or recoveries; fluctuating metals prices; the potential for accidents, equipment failures and delays during exploration. Exceeding exploration costs or unexpected costs and expenses. Uncertainties associated with interpretation of drilling results and geological tests. the availability of capital and funds necessary to continue our future exploration programs and prepare geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characterization of the mineralization included in the exploration properties has not yet been fully determined; General economic, market, or business conditions. Competition and loss of key employees. Regulatory changes and restrictions, including those related to permits required for exploration activities (including drilling permits) and environmental liability. timeliness of any governmental or regulatory approvals; and other risks detailed herein and from time to time in documents we file with securities regulators. In connection with the forward-looking information contained in this news release, we make a number of assumptions, including that our 2023 program will proceed as planned and on budget. We expressly disclaim 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 laws. increase.

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