Mr. Duncan Middlemiss reports

ARIZONA METALS EXTENDS KAY2 ZONE 450 M BELOW DISCOVERY HOLE AT KAY DEPOSIT

Arizona Metals Corp. has released two new drill results from the Kay2 zone and two holes from the West target at the Kay deposit in Arizona. In the Kay2 zone, drill hole KM-24-173 intersected mineralization 450 metres downdip from hole KM-24-166, the first hole in the Kay2 zone. Results for KM-24-173 were 2.4 metres of 2.7 per cent copper equivalent. The new zone of mineralization, the Kay2 zone, is located approximately 100 m north of previously drilled mineralization in the Kay deposit.

Duncan Middlemiss, president and chief executive officer of Arizona Metals, commented: "This large downdip stepout in the Kay2 zone is very encouraging as it confirms mineralization almost half a kilometre below the outstanding intercept in drill hole 166. We currently have two drill rigs aimed even deeper, probing the vertical extents of both the Kay2 zone and the main Kay deposit. We have drilled a total of 6,300 m in the Kay2 zone, with 4,400 additional metres planned for Kay2 and Kay during Q1 of 2025. We expect Kay2 zone mineralization to contribute to the upcoming mineral resource estimate for the Kay deposit, which is on track for H1 2025."

The deep drill holes currently under way are intended to serve as trunk holes to allow multiple branch holes to further test the size of the Kay2 zone and deeper Kay deposit mineralization. One drill hole in the Kay2 zone located 160 m downdip of hole 166, KM-24-170A, encountered no significant assays. This is not uncommon in deformed volcanogenic massive sulphide deposits, where mineralization tends to pinch and swell. Two additional holes in the West target intersected the West target horizon: holes KM-24-172 and 174 intersected anomalous copper, gold and zinc or sulphide minerals where expected within the mineralized horizon. With the completion of recent drill holes, Arizona Metals has drilled a total of 127,000 metres on the property.

About Arizona Metals Corp.

Arizona Metals owns 100 per cent of the Kay project in Yavapai county, which is located on 1,669 acres of patented and Bureau of Land Management mining claims and 193 acres of private land that are not subject to any royalties. A historic estimate by Exxon Minerals in 1982 reported a "proven and probable reserve of 6.4 million short tons at a grade of 2.2 per cent copper, 2.8 g/t gold, 3.03 per cent zinc and 55 g/t silver." The historic estimate at the Kay deposit was reported by Exxon Minerals Company in 1982 (M.L. Fellows, 1982, Kay mine massive sulphide deposit: internal report prepared for Exxon Minerals).

The Kay mine historic estimate has not been verified as a current mineral resource. None of the key assumptions and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, redrilling and data verification may be required by a qualified person before the historic estimate can be verified and upgraded to be a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

The Kay mine is a steeply dipping volcanogenic massive sulphide deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

The company also owns 100 per cent of the Sugarloaf Peak property in La Paz county, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a historic estimate of "100 million tons containing 1.5 million ounces gold" at a grade of 0.5 gran per tonne (N.E. Dausinger, 1983, phase 1 drill program and evaluation of gold-silver potential, Sugarloaf Peak project, Quartzsite, Ariz.: report for Westworld Inc.).

The historic estimate at the Sugarloaf Peak property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, redrilling and data verification may be required by a qualified person before the historic estimate can be verified and upgraded to a current mineral resource. A qualified person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

Qualified person and quality assurance/quality control

All of Arizona Metals' drill sample assay results have been independently monitored through a quality assurance/quality control protocol, which includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals' core handling facilities located in Phoenix and Black Canyon City, Ariz. Drill core was diamond sawn on site, and half drill core samples were securely transported to ALS Laboratories' sample preparation facility in Tucson, Ariz. Sample pulps were sent to ALS's labs in Vancouver, Canada, and Reno, Nev., for analysis.

Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-ICP61a). Overlimit samples for gold, silver, copper and zinc were determined by ore grade analyses Au-GRA21, Ag-OG62, Cu-OG62 and Zn-OG62, respectively.

ALS Laboratories is independent of Arizona Metals, and its Vancouver and Reno facilities are ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the accuracy and integrity of results. Standards for ALS's internal and Arizona Metals' external blind quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG, a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Smith supervised the preparation of the scientific and technical information that forms the basis for this news release, and has reviewed and approved the disclosure herein. Mr. Smith is the vice-president, exploration, of the company. Mr. Smith supervised the drill program and verified the data disclosed, including sampling, analytical and QA/QC data, underlying the technical information in this news release, including reviewing the reports of ALS, methodologies, results and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.

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