Mr. George Ogilvie reports

ARIZONA SONORAN ANNOUNCES UPSIZE TO BOUGHT DEAL PUBLIC OFFERING TO $30 MILLION

Arizona Sonoran Copper Company Inc. has entered into an amending agreement with Raymond James Ltd. and Paradigm Capital Inc., as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters, to increase the size of its previously announced equity offering. The underwriters have agreed to purchase, on a bought deal basis from the company, a total of 20.7 million common shares of Arizona Sonoran at a price of $1.45 per common share for aggregate gross proceeds of $30,015,000.

Arizona Sonoran has also granted the underwriters an overallotment option to purchase, at the issue price, up to an additional 15 per cent of the common shares issued in connection with the upsized offering. The overallotment option is exercisable, in whole or in part, by the underwriters at any time until and including 30 days after closing of the offering. In the event that the overallotment is exercised in full, the total common shares purchased (including the common shares purchased under the upsized offering) will be 23,805,000 common shares for aggregate gross proceeds of $34,517,250.

In all other respects, the terms of the offering and the use of proceeds therefrom will remain as previously disclosed in the original press release dated Sept. 23, 2024.

About Arizona Sonoran Copper Company Inc.

Arizona Sonoran's objectives are to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer projects, which could generate robust returns for investors and provide a long-term sustainable and responsible operation for the community and all stakeholders. The company's principal asset is a 100-per-cent interest in the Cactus project, which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus project is the company's 100-per-cent-owned Parks/Salyer deposit, which could allow for a phased expansion of the Cactus mine once it becomes a producing asset. The company is led by an executive management team and board which have a long-standing record of successful project delivery in North America complemented by global capital markets expertise.

We seek Safe Harbor.