Mr. Duncan Middlemiss reports

ARIZONA METALS CORP ANNOUNCES ELECTION OF DIRECTORS AND RESULTS OF 2026 ANNUAL MEETING OF SHAREHOLDERS

Jacques Perron, Duncan Middlemiss, Pamela Saxton, Breanne Beh and Ankit Shah have been elected as directors of Arizona Metals Corp. at the meeting of shareholders held June 25, 2026.

Mr. Middlemiss, president and chief executive officer of Arizona Metals, commented: "On behalf of the board of directors and management team, I am pleased to welcome Ankit Shah to the Arizona Metals board. Ankit brings extensive experience in finance, capital markets and corporate strategy, along with a strong track record of working with growth-oriented companies. His insights into capital allocation, corporate governance and value creation will be a tremendous asset to the company and our shareholders. We look forward to benefiting from his perspective and contributions as we continue to execute our corporate objectives and strengthen Arizona Metals for the long term."

In addition to voting on the election of directors, at the meeting shareholders also reappointed McGovern Hurley LLP, chartered professional accountants, as auditor of the company.

A total of 36,070,056 shares were voted at the meeting, representing approximately 26.18 per cent of the common shares that were issued and outstanding as at the record date for the meeting.

Further disclosure on the matters approved at the meeting can be found in the notice of meeting and accompanying management information circular filed in respect of the meeting and available on SEDAR+.

About Arizona Metals Corp.

Arizona Metals owns 100 per cent of the Kay mine project in Yavapai county, Arizona, 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. The Kay mine project contains a current mineral resource estimate (MRE) with an effective date of June 17, 2025, of 9.28 million tonnes grading 1.39 grams per tonne gold, 27.6 grams per tonne silver, 0.97 per cent copper, 0.33 per cent lead and 2.39 per cent zinc in the indicated category and 860,000 tonnes grading 1.06 grams per tonne gold, 15.4 grams per tonne silver, 0.87 per cent copper, 0.20 per cent lead and 1.68 per cent zinc in the inferred category, in each case at a base-case cut-off grade of 1.00 per cent copper equivalent. Copper equivalent MRE grades are 9.28 million tonnes at 3.18 per cent CuEq in the indicated category and 860,000 tonnes at 2.44 per cent CuEq in the inferred category. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Kay mine project is a steeply dipping VMS (volcanogenic massive sulphide) deposit that has been defined from a depth of 60 metres to at least 900 metres and remains 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 short tons containing 1.5 million ounces gold at a grade of 0.5 gram per tonne (Dausinger, N.E., 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 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.

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 is the vice-president, exploration, of the company.

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