Mr. George Ogilvie reports

ARIZONA SONORAN ANNOUNCES FILING OF PRELIMINARY SHORT FORM PROSPECTUS IN CONNECTION WITH C$30,000,000 BOUGHT DEAL FINANCING

Arizona Sonoran Copper Company Inc. has filed and been receipted for a preliminary short form prospectus in connection with its bought deal offering of 20.7 million common shares in the capital of the company at a price of $1.45 per common share for gross proceeds to the company of $30,015,000, as further described in the press release of the company dated Sept. 24, 2024. Pursuant to the offering, the company 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 offering, which option is exercisable, in whole or in part, by the underwriters at any time until and including 30 days after the closing of the offering.

In connection with the offering, the company has entered into an underwriting agreement with Raymond James Ltd. and Paradigm Capital Inc. as co-lead underwriters and joint bookrunners, together with a syndicate of underwriters including Canaccord Genuity Corp., Eight Capital, Haywood Securities Inc., Stifel Nicolaus Canada Inc., Scotia Capital Inc. and TD Securities Inc.

The preliminary short form prospectus relating to the offering is accessible on SEDAR+ under the company's issuer profile.

The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

About Arizona Sonoran Copper Company Inc.

Arizona Sonoran's objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer projects that 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 (former Asarco Sacaton mine), 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 that 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 market expertise.

We seek Safe Harbor.