Mr. Duncan Middlemiss reports

ARIZONA METALS ANNOUNCES ADJOURNMENT OF ANNUAL AND SPECIAL MEETING

Arizona Metals Corp.'s annual and special meeting of shareholders of the company was convened as scheduled on June 18, 2025, and adjourned until June 26, 2025, at 11 a.m. (Toronto time) at the same virtual venue. The next proxy voting cut-off deadline will be 11 a.m. (Toronto time) on Tuesday, June 24, 2025. Details to access the meeting for those shareholders who wish to attend and participate at the meeting remain the same and are reproduced below.

The chair adjourned the meeting in an effort to encourage greater shareholder participation at the meeting. By the original proxy cutoff time the company had received proxies from shareholders representing less than half of its outstanding shares, and a number of shareholders have contacted the company citing delays in meeting the voting cut-off deadline for the meeting or issues with voting of their shares on-line. The board of directors of the company has decided that it is in the best interest of the company and its shareholders to postpone the meeting to allow for a broader level of participation by shareholders to ensure good corporate governance.

Your vote continues to be important -- if you have not done so, please vote today

The proxy voting deadline is 11 p.m. (Toronto time) on Tuesday, June 24, 2025.

Meeting details

Shareholders of record as of May 20, 2025, will continue to have the right to vote at the meeting. The company encourages all shareholders to vote their shares in advance of the meeting, in accordance with the instructions provided in the previously distributed proxy materials. Any shareholders who previously voted on-line or by phone or submitted proxies that were accepted by the chair of the meeting do not need to take any further action (unless they wish to change their vote) as those proxies remain valid for use at the meeting on June 26, 2025.

The meeting will be held on Thursday, June 26, 2025, at 11 a.m. (Toronto time) and will continue to be held in a virtual-only format which will be conducted via live audio webcast available on-line. At this website, shareholders will be able to participate in the meeting, submit questions and vote their shares while the meeting is being held.

For complete details and access to all relevant documents related to the meeting, please visit the company's website or the company's profile on SEDAR+.

How to vote

Shareholders are encouraged to vote in advance of the meeting via the Internet or telephone using the control number found on the form of proxy or voting instruction form previously mailed by the company. To ensure that their vote is counted, shareholders are encouraged to vote well in advance of the proxy voting deadline on Tuesday, June 24, 2025, at 11 a.m. (Toronto time).

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 BLM (Bureau of Land Management) mining claims and 193 acres of private land that are not subject to any royalties. An 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 mine project was reported by Exxon Minerals in 1982.

The Kay project's historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters 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 project is a steeply dipping VMS (volcanogenic massive sulphide) deposit that has been defined from a depth of 60 metres 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 project, in La Paz county, which is located on 4,400 acres of BLM claims. The Sugarloaf Peak project 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 g/t.

The historic estimate at the Sugarloaf Peak project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters 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

The qualified person who reviewed and approved the technical disclosure in this news release is David Smith, CPG, vice-president of exploration of the company, and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.