Mr. George Ogilvie reports

ARIZONA SONORAN ANNOUNCES C$45 MILLION BOUGHT DEAL PUBLIC OFFERING OF COMMON SHARES

Arizona Sonoran Copper Company Inc. has entered into an agreement with Scotiabank, as sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 22.5 million common shares of the company at a price of $2 per common share for aggregate gross proceeds to the company of $45-million.

The company has agreed to grant the underwriters an overallotment option to purchase at the issue price up to an additional 15 per cent of the common shares to be issued in connection with the offering, exercisable in whole or in part at any time for a period ending 30 days from the closing of the offering.

The net proceeds of the offering will be used to exercise buyback options in respect of NSR (net smelter returns) royalties on the Cactus project, to finance potential land acquisitions in connection with the Cactus project as described in the current technical report for the Cactus project with an issued date of Aug. 23, 2024, and filed under the company's issuer profile on SEDAR+ on Aug. 26, 2024, for the completion of technical and engineering studies, and for working capital and general corporate purposes. It is anticipated that the net proceeds from the offering will fully finance the company through to a final investment decision at the Cactus project.

The offering is expected to close on or about June 20, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the Toronto Stock Exchange.

The common shares will be offered by way of a short-form prospectus to be filed in each of the provinces and territories of Canada, except Quebec, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and in those jurisdictions outside of Canada and the United States that are agreed to by the company and the underwriters, in each case in accordance with all applicable laws and provided that no prospectus, registration or other similar document is required to be filed in those jurisdictions.

The short-form prospectus will be accessible through SEDAR+. Copies of the short-form prospectus may be obtained without charge from Scotiabank at 40 Temperance St., sixth floor, Toronto, Ont., M5H 0B4, attention: equity capital markets, or by phone at 416-863-7704 or by e-mail at equityprospectus@scotiabank.com.

About Arizona Sonoran Copper Company Inc.

Arizona Sonoran is a copper exploration and development company with a 100-per-cent interest in the brownfield Cactus project. The project, on privately held land, contains a large-scale porphyry copper resource and a recent 2024 PEA (preliminary economic assessment) proposes a generational open-pit copper mine with robust economic returns. Cactus is a lower-risk copper developer benefiting from a state-led permitting process, in-place infrastructure, highways and rail lines at its doorstep, and on-site permitted water access. The company's objective is to develop Cactus and become a mid-tier copper producer with low operating costs that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. 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.