Mr. Kevin Reid reports

ARIZONA EAGLE MINING CORP. COMMENCES TRADING ON TSX VENTURE EXCHANGE UNDER SYMBOL "AZEM"

Arizona Eagle Mining Corp.'s common shares have commenced trading on the TSX Venture Exchange under the symbol AZEM.

Kevin Reid, chief executive officer of Arizona Eagle, commented: "The commencement of trading on the TSX Venture Exchange represents a significant milestone for Arizona Eagle Mining. This listing enhances our access to capital markets and provides a strong platform to advance exploration and development at our flagship Eagle project in Arizona's prolific Yavapai county. With a strong treasury, 100-per-cent ownership of the past-producing, high-grade gold and silver McCabe mine, and a large, strategic land package comprising patented and BLM claims, we believe the company is well positioned to unlock value in this historic gold-silver district. Our fully funded phase 1 drill program is currently under way, and we look forward to delivering results as we continue to advance the project."

Eagle project overview

Arizona Eagle holds a 100-per-cent interest in the Eagle project located in Yavapai county, Arizona. The project is anchored by the past-producing gold and silver McCabe mine, situated on more than 300 acres of private land. Stan West Mining historically invested more than $35-million (U.S.) (approximately $110-million in today's dollars) to drill and develop the mine. In 1984, Stan West Mining published a historic estimate of approximately 878,000 ounces of gold and five million ounces of silver, defined to a depth of approximately 440 metres and open in all directions.

Over the past two years, Arizona Eagle has expanded its land position to nearly 4,500 acres through staking and acquisitions surrounding the McCabe mine. During this time the company completed exploration programs focused on geological mapping, surface sampling, helicopter-borne VTEM surveys and ground-based induced polarization surveys that identified multiple parallel mineralized structures not historically drill tested.

Phase 1 drill program

In the first quarter of 2026, the company initiated a fully financed phase 1 drill program totalling approximately 4,500 metres. The drill program was designed to confirm the historic resource estimate in addition to potentially expand upon it. The drill program is expected to conclude in June, 2026. Core samples from the initial drill holes have been submitted for laboratory analysis with assay results currently pending. A second core drill rig is scheduled to mobilize to the Eagle project in July, 2026, for further drilling

Share capital

As of the commencement of trading, Arizona Eagle has 49,006,929 common shares issued and outstanding. The company also has 4,698,069 warrants and 2,637,647 stock options outstanding, for a total of 56,342,645 common shares on a fully diluted basis. Approximately 25.9 million common shares held by principals and management are subject to escrow, representing approximately 53 per cent of the issued and outstanding common shares on an undiluted basis.

Marketing agreement

The company is pleased to announce that it has entered into a marketing services agreement with Oak Hill Financial Inc., effective April 1, 2026, for an initial three-month term with automatic monthly renewals thereafter. Under the agreement, Oak Hill will act as marketing representative on behalf of the company to raise its profile and credibility with the investment community, target adviser distribution channels including positioning with Canadian Investment Regulatory Organization investment advisers, assist with investor outreach and identification, develop core messaging, and provide regular feedback to the company. In consideration for its services, the company will pay Oak Hill a monthly cash fee of $12,000, plus applicable taxes, payable on the effective date and every month thereafter. The company may also reimburse Oak Hill for certain preapproved out-of-pocket expenses directly related to the services. No securities of the company are being issued to Oak Hill as compensation under the agreement. The agreement is subject to TSX-V approval.

Oak Hill is based in Toronto, Ont., at 2 Bloor St. West, suite 2900, M4W 3E2. The company and Oak Hill are unrelated and unaffiliated entities. To the knowledge of the company, neither Oak Hill nor any of its directors, officers or employees currently owns any securities of the company or has any present intention to acquire any such securities.

About Arizona Eagle Mining Corp.

Arizona Eagle is a mineral exploration company focused on the acquisition, exploration and development of mineral properties. Arizona Eagle's principal asset is the Eagle project, a 4,533-acre property comprising patented and unpatented claims located near the town of Prescott Valley in Yavapai county, Arizona, which it holds through its wholly owned subsidiary, AZ Desert Land Holdings Corp. The Eagle project is centred on the past-producing McCabe mine, a high-grade gold-silver deposit, and includes multiple parallel structures hosting past-producing mines that remain largely untested by modern drilling. While Arizona Eagle's primary focus will be on exploration and development of the Eagle project, it will continue to own Core Nickel's land portfolio in the Thompson nickel belt of northern Manitoba.

The scientific and technical information contained in this news release has been reviewed and approved by Dr. Clyde Smith, PhD, vice-president, exploration, of the company, who is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.