Mr. Mike Stark reports

ARIZONA SILVER DRILLS 102 METRE MINERALIZED INTERVAL BELOW DEEPEST PREVIOUS HOLE ON THE PHILADELPHIA GOLD PROJECT, ARIZONA

Arizona Silver Exploration Inc. has received final assays from core hole PC23-111 at the Philadelphia epithermal gold-silver project in Mohave county, Arizona. The drill hole was designed to test the down-dip and easterly extension of vein and stockwork mineralization intersected approximately 30 metres away in the deepest previously hole.

Core hole PC23-111 intersected 102.15 metres at 0.716 gram per tonne gold and 4.56 g/t silver from 182.30 m to 284.45 m. The total interval includes three intercepts of brecciated vein as follows:

• 182.3 m to 185.5 m (3.2 m) at 6.2 g/t gold and 11.3 g/t silver;
• 230.6 m to 231.6 m (one m) at 4.04 g/t gold and 9.2 g/t silver;
• 275.15 m to 281.64 m (6.49 m) at 1.91 g/t gold and 8.77 g/t silver.

True thickness of the intercepts is approximately 50 per cent of the drilled thickness.

The three veins are referenced as the HW vein, the intermediate vein and the FW vein, respectively. Readers should refer to the May 16, 2023, news release for a complete geological description of this drill hole.

Greg Hahn, vice-president, exploration, comments: "As anticipated, PC23-111 confirms the down-dip and eastward continuation of the mineral system. We now await results from PC23-112, a new minus-45-degree hole from the same pad location as PC23-111. That hole is testing the western portion of a low-resistivity CSAMT anomaly that is believed to be a clay cap above the boiling zone at the Red Hills target. Samples are in the lab and results will be announced when received."

Quality assurance/quality control program

All assaying was conducted by ALS Global, an independent analytical laboratory. Complete core was delivered to the ALS sample preparation facility in Tucson, Ariz., where the samples are catalogued, photographed, sawed and sampled according to company-selected intervals. Samples are then crushed and pulverized. Pulverized splits are sent to the ALS analytical facility in Vancouver, B.C., for analyses. All material handling is done under a strict chain-of-custody protocol. Gold is determined by fire assay with an atomic absorption finish, with a gravimetric finish on samples greater than 10 grams per tonne gold, and silver is determined by inductively coupled plasma mass spectrometry methods within a 31-element suite.

The company maintains its own program of inserting standard reference material in the form of standards and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Ariz., in addition to the independent QA/QC protocols of ALS Global.

Qualified person

Mr. Hahn, vice-president, exploration, and a certified professional geologist (No. 7122), is a qualified person under National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona and Nevada. The flagship asset is the Philadelphia property and the subject of this news release.

We seek Safe Harbor.