Mr. Kevin Reid reports

ARIZONA EAGLE MINING CORP. PROVIDES UPDATE ON PRIVATE PLACEMENT FINANCING

Arizona Eagle Mining Corp. has provided an update on its previously announced non-brokered private placement of units of the company at a price of $1.10 per unit, as more particularly described in the company's news release dated May 13, 2026. In response to strong investor demand and support for the company, the aggregate gross proceeds of the offering will be a minimum of $3-million subject to increase at the discretion of the board of directors of the company. In addition, the company is pleased to announce that PowerOne Capital Markets Ltd. has agreed to act as finder in connection with the offering.

Kevin Reid, chief executive officer of Arizona Eagle, commented: "We are very pleased with the strong investor support we have received for the offering, which we believe reflects growing confidence in Arizona Eagle's silver strategy and the quality of our project portfolio. The increase to the minimum offering size, together with the engagement of PowerOne as finder, further demonstrates the support and interest in the company as we advance the pending acquisition of these high-grade silver properties and prepare for our inaugural drill program on the silver projects."

In all other respects, the terms of the offering and use of proceeds therefrom will remain as previously disclosed in the original press release dated May 13, 2026.

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 4,169-acre property composed of patented and unpatented claims located near the town of Prescott Valley in Yavapai county, Arizona. 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 is on the 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.

We seek Safe Harbor.