arizona-metals

Arizona Metals’ Final Sugarloaf Peak Drill Results Demonstrate Robust Expansion and Continuity

Mon, 02 Mar 2026 13:53:22 GMT

Toronto, March 2, 2026 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “ Company ” or “ Arizona Metals ”) is pleased to announce the third and final round of results from its 2025 reverse-circulation drill program on the Company’s Sugarloaf Peak Gold Project (the “Sugarloaf Peak Project”) in Arizona, which returned the highest gold grade on the project to date. Consistent with previous results from the Company’s 2025 drill program, these final drill results expand the deposit and they confirm excellent continuity of mineralization within an increasingly large gold deposit.

Highlights of the drilling include:

SP-25-28: 91.4 m @ 0.69 g/t Au, including 1.5 m @ 25.5 g/t Au, the highest gold grade on the property to date (including surface samples). This hole, along with hole 29, extended mineralization approximately 80 m to the south in a previously undrilled area (Figure 1). Hole 28 also intersected 57.9 m @ 0.29 g/t Au and 18.3 m @ 0.39 g/t Au (Table 1).

SP-25-29: 123.4 m @ 0.31 g/t Au. This hole intersected a large thickness of mineralization starting at surface in a previously untested area on the southern margin of the deposit. Holes 29 and 28 (collared at the same location) show outstanding potential for continued expansion of the deposit laterally to the south/southwest and along strike to the southeast.

SP-25-26: 56.4 m @ 0.43 g/t Au. Hole 26 tested a 270 x 340 m gap in the eastern end of the deposit and intersected thick mineralization, reinforcing the excellent continuity of mineralization at Sugarloaf Peak.

All six of the final drill holes intersected mineralization, growing the deposit laterally and reinforcing the strong continuity of mineralization on the project. The total drilling to date on the project, in 2025 and 2026, comprises 5,186 m drilled in 25 reverse-circulation drill holes.

Duncan Middlemiss, President and CEO of Arizona Metals commented: “We are very encouraged with these results from our 2025 drill program at Sugarloaf Peak. This has been the most successful drill campaign on the project to date, intersecting mineralization in 22 out of 25 holes, and showing significant expansion upside and excellent continuity of an already large gold deposit that crops out at surface. The Company’s drilling shows Sugarloaf to be a robust gold deposit, and we look forward to further developing its value.”

Additional drill results are as follows:

SP-25-24: 24.4 m @ 0.23 g/t Au and 30.5 m @ 0.32 g/t Au. This is an infill hole in a 225 x 475-m gap in the northwestern part of the deposit.

SP-25-27: 51.8 m @ 0.30 g/t Au and 27.4 m @ 0.34 g/t Au. Hole 27 intersected thick mineralization in a 340 x 360-m gap in the eastern end of the deposit.

The Company is currently conducting a comprehensive exploration synthesis consisting of 990 surface rock samples for multi-element geochemistry; IP-resistivity geophysics and airborne magnetic and radiometric geophysics; an airborne hyperspectral survey; geologic reviews of previous mapping, drill core, and drill cuttings; AI targeting studies; and a thorough integration of historical data. The intent of this exploration program is to integrate new modern geochemical, geophysical, and geologic data with historical data in order to comprehensively target drilling for expanded deposit size and higher gold grades.

Table 1. Results of the drill program at the Sugarloaf Peak Project, La Paz County, Arizona, announced in this news release, including the depth of oxidized mineralization encountered in each hole.

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Sugarloaf Peak Project and 100% of the Kay Mine Project in Yavapai County, which is located on 1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. The Kay Mine Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

The Kay Mine Project contains a current mineral resource estimate (MRE) of 9.28 million tonnes grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb, and 2.39% Zn in the Indicated category, and 0.86 million tonnes grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb, and 1.68% Zn in the Inferred category, at a base-case cut-off grade of 1.00 % CuEq. Copper equivalent MRE grades are 9.28 million tonnes @ 3.18% CuEq in the Indicated category and 0.86 million tonnes @ 2.44% CuEq in the Inferred category.

See above for information regarding the Sugarloaf Peak Project.

Qualified Person and Quality Assurance/Quality Control

Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method Au-AA23). Silver and 47 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-MS61L).

ALS Laboratories is independent of Arizona Metals Corp. and its Vancouver and Reno facilities are ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the accuracy and integrity of results. Parameters for ALS’ internal and Arizona Metals’ external blind quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.

The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG, a qualified person as defined in National Instrument43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith supervised the preparation of the scientific and technical information that forms the basis for this news release and has reviewed and approved the disclosure herein. Mr. Smith is the Vice-President, Exploration of the Company. Mr. Smith supervised the drill program and verified the data disclosed, including sampling, analytical and QA/QC data, underlying the technical information in this news release, including reviewing the reports of ALS, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding drill results and future drilling of the Sugarloaf Peak Project; statements regarding the continuity of mineralization and the expansion potential of the Sugarloaf Peak Project;statements regarding execution of the Company’s plans for 2026 and the achievement of targeted milestones. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Cautionary Note regarding Mineral Resource Estimates

Until mineral deposits are actually mined and processed, Mineral Resources must be considered as estimates only. Mineral Resource Estimates that are not Mineral Reserves have not demonstrated economic viability. The estimation of Mineral Resources is inherently uncertain, involves subjective judgement about many relevant factors and may be materially affected by, among other things, environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant risks, uncertainties, contingencies and other factors described in the Company's public disclosure available on SEDAR+ at www.sedarplus.ca. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration. The accuracy of any Mineral Resource Estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource Estimates may have to be re-estimated based on, among other things: (i) fluctuations in mineral prices; (ii) results of drilling, and development; (iii) results of future test mining and other testing; (iv) metallurgical testing and other studies; (v) results of geological and structural modeling including block model design; (vi) proposed mining operations, including dilution; (vii) the evaluation of future mine plans subsequent to the date of any estimates; and (viii) the possible failure to receive required permits, licenses and other approvals. It cannot be assumed that all or any part of a "Inferred" or "Indicated" Mineral Resource Estimate will ever be upgraded to a higher category. The Mineral Resource Estimates disclosed in this news release were reported using Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves (the "CIM Standards") in accordance with National Instrument 43-101- Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101").

Cautionary Statements to U.S. Readers

This news release uses the terms "Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral Resource" as defined in the CIM Standards in accordance with NI 43-101. While these terms are recognized and required by the Canadian Securities Administrators in accordance with Canadian securities laws, they may not be recognized by the United States Securities and Exchange Commission. The "Mineral Resource" Estimates and related information in this news release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

The true width of mineralization has not been determined at this time.

Figure 1. Oblique view of drilling at Sugarloaf Peak looking north, highlighting the drill results announced in this press release.

About the Sugarloaf Peak Project

The Sugarloaf Peak Project is located in La Paz County, Arizona, on 4,400 acres of BLM claims. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a historic estimate of “100 million tons containing 1.5 million ounces gold” at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.) The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

Metallurgical test work on the project by Arizona Metals indicates favorable gold recoveries in both oxide and sulfide mineralization, as previously announced (June 1, 2021 and September 14, 2023). Cyanide bottle-roll tests on oxide material achieved gold recoveries averaging 76% with recoveries as high as 95%; column leach testing achieved gold recoveries of up to 90%.

As a result of these initial results, the Company engaged SRK Consulting (Canada) Inc. to oversee metallurgical test work to develop low-cost flow sheets to recover gold from the sulphide zone. This test work on sulfide mineralization indicated gold recoveries of up to 85%. Mineralogy and diagnostic leach tests on the samples indicate the majority of gold is present as free gold within sulfides, primarily pyrite. As the samples tested demonstrated relatively soft material, it is likely that whole-ore leach would be the preferred processing method for sulfide material.

Arizona Metals Intersects 22.4 m @ 1.1% CuEq in the Kay Deposit and  Additional Drill Results from Kay Exploration Targets

Thu, 12 Feb 2026 11:15:01 GMT

Toronto, February 12, 2026 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “ Company ” or “ Arizona Metals ”) is pleased to announce assay results from nine drill holes from Kay Mine project (the “Kay Project”) located in Yavapai County, Arizona.

Duncan Middlemiss, President and CEO of Arizona Metals, comments: “We are encouraged by the continued intersection of mineralization in drill holes targeting areas beyond the Kay deposit. This is characteristic of volcanogenic massive sulphide (VMS) systems, which commonly occur in clustered deposits, and supports our exploration strategy to systematically test the largely unexplored 10-kilometre strike length of highly prospective stratigraphy across the project. In addition, the Kay deposit continues to demonstrate strong geological continuity, and these latest drill results have the potential to meaningfully expand the overall resource volume.”

David Smith, VP Exploration for Arizona Metals, said: “We continue to explore the extensive strike length of the prospective horizons at Kay, and we are pleased by the widespread evidence of mineralized systems on the property. These recent results show that the Northwest target warrants more drilling, and we have additional holes planned and underway.”

Kay Deposit

Within the Kay deposit, drill hole KM-25-195 intersected 22.4 m @ 1.1% CuEq in a shallow portion of the deposit where the MRE indicated that additional drilling was warranted (Figure 1). This drill hole proved continuity in this area of the deposit, which has the potential to add additional tonnage.

Kay North Extension

KM-25-190 intersected 2.4 m @ 0.7% CuEq along the northern extension of the Kay mineralized horizon (Figure 2).

Northwest Target

On the Northwest target, drill hole KM-25-197 intersected 0.3 m @ 0.9% CuEq. This hole was drilled to the east from Pad 15, into a previously untested portion of the prospective horizon on the property. It targeted a surface sample within a mapped mineral horizon that returned 3.2% Cu (Figure 3). Although narrow, this is an encouraging result in an unexplored area of the property.

The Company is fully funded and on track to deliver a Preliminary Economic Assessment (“PEA”) for its Kay Mine deposit during the first quarter of 2026. Ongoing exploration on the Kay project includes 2,000 m of drilling in the first quarter, a property-wide hyperspectral airborne survey, and AI studies to refine exploration targeting. Total drilling on the Kay project to date is approximately 145,000 meters.

Additionally, assays are pending for six drill holes from the Company’s 5,000-meter reverse circulation drilling at the Company’s Sugarloaf Peak Gold Project (the “Sugarloaf Peak Project”) in La Paz County, Arizona. Results received to date have been positive, returning broad intervals of mineralization that have significantly expanded the deposit footprint along strike, at depth, and laterally. Building on these initial positive results, the Company is advancing a comprehensive exploration program designed to further evaluate existing data while incorporating modern exploration techniques. This work will include geophysical surveys (IP-resistivity, magnetics, and radiometrics), geochemical programs (systematic surface rock sampling and hyperspectral airborne survey) and AI -driven data analysis. The objective of the integrated exploration program is to combine all past data with new, consistent, deposit-scale data in order to optimize drill targeting for programs planned later in 2026.

Table 1. Results of Phase 3 Drill Program at the Kay Project, Yavapai County, Arizona announced in this news release.

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Kay Project in Yavapai County, which is located on 1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. The Kay Mine Project contains a current mineral resource estimate (MRE) of 9.28 million tonnes grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb, and 2.39% Zn in the Indicated category, and 0.86 million tonnes grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb, and 1.68% Zn in the Inferred category, at a base-case cut-off grade of 1.00 % CuEq. Copper equivalent MRE grades are 9.28 million tonnes @ 3.18% CuEq in the Indicated category and 0.86 million tonnes @ 2.44% CuEq in the Inferred category. The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

Qualified Person and Quality Assurance/Quality Control

Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively.

Disclaimer

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the expansion potential of the Kay Project, statements regarding drill results and future drilling of targets on the Kay Project, statements regarding Kay Project mineralization , statements regarding being fully funded to complete drilling at the Kay Project, statements regarding exploration activity, including drilling, at the Sugarloaf Peak Project,, and statements regarding the completion of the PEA in Q1 of 2026, or at all. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

The true width of mineralization is estimated to be 50% to 99% of reported core width, with an average of 76%. (2) Assumptions used in USD for the copper and gold metal equivalent calculations were metal prices of $4.63/lb Copper, $1937/oz Gold, $25.20/oz Silver, $1.78/lb Zinc, and $1.02/lb Pb. Metal Equivalent calculations used assumed metal recoveries, based on a preliminary review of historic data by SRK and ProcessIQ, were 93% for copper, 92% for zinc, 90% for lead, 72% silver, and 70% for gold. The following equation was used to calculate copper equivalence: CuEq = Copper (%) (93% rec.) + (Gold (g/t) x 0.61)(70% rec.) + (Silver (g/t) x 0.0079)(72% rec.) + (Zinc (%) x 0.3844)(92% rec.) + (Lead (%) x 0.2203)(90% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (g/t)(70% rec.) + (Copper (%) x 1.638)(93% rec.) + (Silver (g/t) x 0.01291)(72% rec.) + (Zinc (%) x 0.6299)(92% rec.) +(Lead (%) x 0.3609)(90% rec.). Analyzed metal equivalent calculations are reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries.

Figure 1. Oblique section looking northeast at the Kay deposit, displaying new drill holes reported in this release. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes only.

Figure 2. Map view of the Kay North Extension target, displaying new drill holes reported in this release. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes only.

Figure 3. Map view of the Northwest target, displaying new drill holes reported in this release. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes only.

Arizona Metals Sugarloaf Peak Drill Results Deliver Continued Expansion Potential and Confirm Continuity

Tue, 13 Jan 2026 11:00:01 GMT

Toronto, January 13, 2026 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “ Company ” or “ Arizona Metals ”) is pleased to announce the second round of results from its 2025 reverse-circulation drill program on the Company’s Sugarloaf Peak Gold Project (the “Sugarloaf Peak Project”) in Arizona. These drill results continue to expand the deposit laterally to the southwest, along strike both northwest and southeast, and at depth. They also confirm excellent continuity within the deposit. Highlights of the drilling include:

SP-25-18: 199.6 m @ 0.29 g/t Au, including 15.2 m @ 0.54 g/t Au and 12.2 m @ 0.61 g/t Au. This long drill intercept confirmed the continuation of mineralization in a large area of sparse drill holes in the eastern portion of the deposit. These results warrant additional drilling in this area.

SP-25-14: 89.9 m @ 0.32 g/t Au and 93.0 m @ 0.45 g/t Au. This hole is located in an undrilled portion in the center of the deposit and demonstrated excellent continuity among other encouraging drill holes. This drill hole includes the highest gold assay to date in the Company’s drilling, 12.57 g/t Au over 1.5 m (173.7-175.3 m), indicating good potential for higher grade within the deposit.

SP-25-17: 51.8 m @ 0.31 g/t Au, 27.4 m @ 0.30 g/t Au, and 27.4 m @ 0.24 g/t Au. Stepping out 120 m to the south of previous drilling, this hole, together with SP-25-15, extended the deposit laterally to the southwest along 350 m of strike length. The Company’s nine drill holes in this area have added a broad swath along the southwestern part of the deposit that measures approximately 135 m wide and stretches along almost a kilometer of northwest-southeast strike length. A tenth hole in this area is pending assays.

SP-25-21: 62.5 m @ 0.22 g/t Au and 38.1 m @ 0.32 g/t Au. Hole 21 extended mineralization 135 m west of previous drilling, indicating excellent expansion potential for the deposit to the west.

Mineralization was intersected in the majority of drill holes and succeeded in expanding the deposit and demonstrating good continuity between widely spaced previous drill holes. Assay results from the remaining 6 drill holes are pending. The total drilling to date on the project, in 2025 and 2026, comprises 5,186 m drilled in 25 reverse-circulation drill holes.

Duncan Middlemiss, President and CEO of Arizona Metals commented: “We are very encouraged by the continued expansion potential at Sugarloaf Peak. The results from this drill program have delivered a meaningful increase in the scale of the deposit, with strong continuity demonstrated along a broad southwest corridor where mineralization remains open and highly prospective. With six additional drill holes pending at the lab and active exploration underway to refine and prioritize further step-out targets, we believe Sugarloaf is well positioned for continued growth through additional drilling later this year.”

Additional drill results are as follows:

SP-25-16: 30.5 m @ 0.23 g/t Au. Drilled to the southwest at the same location as SP-25-17 (which was drilled to the northeast) this hole contributed to the southwesterly expansion of the deposit.

SP-25-20: 19.8 m @ 0.37 g/t Au and SP-25-19: 13.7 m @ 0.37 g/t Au. These holes were drilled from the same pad, hole 19 to the southwest and hole 20 to the northeast. Together, they confirm mineralization expanding to the southwest of previous drilling.

Table 1. Results of drill program at the Sugarloaf Peak Project, La Paz County, Arizona announced in this news release, including the depth of oxidized mineralization encountered in each hole.

About Arizona Metals Corp

See above for information regarding the Sugarloaf Peak Project.

Qualified Person and Quality Assurance/Quality Control

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding drill results and future drilling of the Sugarloaf Peak Project; statements regarding the continuity of mineralization and the expansion potential of the Sugarloaf Peak Project; statements regarding the completion and filing of the Company’s PEA on the Kay Project, the expansion potential of the Kay Project, statements regarding drill results and future drilling of expansion drilling targets on the Kay Project, statements regarding execution of the Company’s plans for 2026 and the achievement of targeted milestones. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.

Cautionary Note regarding Mineral Resource Estimates

Cautionary Statements to U.S. Readers

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

The true width of mineralization has not been determined at this time.

Figure 1. Oblique view of drilling at Sugarloaf Peak looking north, highlighting the drill results announced in this press release.

Q1 2026 Corporate Update

The Company is fully funded and on track to deliver a Preliminary Economic Assessment (“PEA”) in the first quarter of 2026, for its Kay Mine project (the “Kay Project”) located in Yavapai County, Arizona. Ongoing exploration drilling throughout the first quarter is planned with 2,000 m at the Kay Project. After encouraging current drilling results at the Sugarloaf Peak Project, the Company is conducting a comprehensive, detailed program to evaluate current data and gather additional modern exploration data, including geophysics (IP-resistivity, magnetics, radiometrics), geochemistry (surface rock-sample grid, hyperspectral airborne survey) and AI studies. The intent of the planned exploration program is to integrate all past data with new, consistent, deposit-wide data in order to optimize drill spending later in 2026.

About the Sugarloaf Peak Project

Arizona Metals Announces Initial Drill Results from Sugarloaf Peak Drilling

Tue, 02 Dec 2025 11:15:00 GMT

Toronto, December 2, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “ Company ” or “ Arizona Metals ”) is pleased to announce the first round of results from its 2025 reverse-circulation drill program on the Sugarloaf Peak project in Arizona. Highlights of the drilling include:

SP-25-09: 195.1 m @ 0.31 g/t Au, including 25.9 m @ 0.61 g/t Au. This was an infill hole in the center of the deposit, demonstrating excellent continuity and mineralization from surface.

SP-25-11: 109.7 m @ 0.31 g/t Au, including 16.8 m @ 0.49 g/t Au. This was an infill hole in a 300 x 300 m gap in the north-central part of the deposit; together with holes 12 and 13, this confirms good continuity of mineralization in this area, adding significant volume to the deposit.

SP-25-05: 134.1 m @ 0.29 g/t Au and 70.1 m @ 0.32 g/t Au. This was a twin of historic hole WW-9 in the central portion of the deposit.

SP-25-12: 73.2 m @ 0.27 g/t Au and 41.1 m @ 0.30 g/t Au. This was an infill hole in a 300 x 300 m gap in the north-central part of the deposit.

Mineralization was intersected in all nine drill holes assayed to date in an area covering 900 m along the strike of mineralization and 800 m in width. These initial drill results are consistent with the drill program goals, as these results demonstrate mineralization in all infill holes and extend mineralization in all step-out holes received to date. In several drill holes, mineralization was also extended at a depth below previous drilling by 40-75 m. Assay results from the remaining 16 drill holes are pending. The total drilling to date on the project, in 2025, comprises 5,186 m drilled in 25 reverse-circulation drill holes.

Duncan Middlemiss, President and CEO of Arizona Metals commented: “We are pleased to confirm the expansion potential at Sugarloaf Peak. This is a very large mineralized system that our drilling has expanded, not only laterally but within the deposit. In particular, our drilling confirmed excellent continuity of mineralization, a real benefit in a bulk-mining open-pit scenario. We intend to continue to explore Sugarloaf Peak and test its size within the deposit, at depth, and along strike.”

Additional drill results are as follows:

SP-25-06: 21.3 m @ 0.20 g/t Au and 10.7 m @ 0.37 g/t Au. This hole extends mineralization 95 m southwest of previous drilling, increasing the width of mineralization.

SP-25-07: 35.1 m @ 0.32 g/t Au. Infill hole in a 260-m gap along the southwestern edge of the deposit, confirming good continuity of mineralization in this area.

SP-25-08: 15.2 m @ 0.22 g/t Au. Stepout hole 110 m southwest of hole 7. Together with hole 7, this extends mineralization almost 200 m southwest in this portion of the deposit.

SP-25-10: 9.1 m @ 0.25 g/t Au. Stepout hole to the 135 m to the west of previous drilling, warranting follow-up drilling in this area.

SP-25-13: Four intervals, including 35.1 m @ 0.40 g/t Au and 30.5 m @ 0.27 g/t Au. Infill hole in a 300 x 300 m gap in the north-central part of the deposit. This hole returned the highest individual assay in this round of drilling so far, 6.64 g/t Au (56.4-57.9 m).

Table 1. Results of drill program at the Sugarloaf Peak Project, Yavapai County, Arizona announced in this news release, including the depth of oxidized mineralization encountered in each hole.

About Arizona Metals Corp

See above for information regarding the Sugarloaf Peak Project.

Qualified Person and Quality Assurance/Quality Control

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding drill results and future drilling of the Sugarloaf Peak Project; statements regarding the continuity of mineralization and the expansion potential of the Sugarloaf Peak Project; statements regarding the expansion potential of the Kay Project, statements regarding drill results and future drilling of expansion drilling targets on the Kay Project, statements regarding execution of the Company’s plans for 2025 and the achievement of targeted milestones. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.

Cautionary Note regarding Mineral Resource Estimates

Cautionary Statements to U.S. Readers

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

The true width of mineralization has not been determined at this time.

Figure 1. Oblique view of drilling at Sugarloaf Peak looking north, highlighting the drill results announced in this press release.

About the Sugarloaf Peak Project

Arizona Metals Announces Appointment of Pamela Saxton to Board of Directors; Extends Kay Deposit to 1,350 m Depth and Confirms Continuity of Kay Mineralized Horizon 280 m North of Previous Drilling

Mon, 15 Sep 2025 22:51:41 GMT

Toronto, September 15, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “ Company ” or “ Arizona Metals ”) is pleased to announce that Pamela L. Saxton has agreed to join its board of directors (the “ Board ”), with her appointment to take effect on September 17, 2025.

Ms. Saxton brings more than 35 years of senior leadership and board experience in the mining and natural resources sectors. She currently serves on the boards of Bunker Hill Mining Corporation and Rare Element Resources Ltd. and has previously served as a director of Aquila Resources Inc. and Pershing Gold Corporation. Her executive management experience includes serving as Executive Vice President and Chief Financial Officer of Thompson Creek Metals Company, CFO of NewWest Gold Corporation, and Vice President of Finance for Franco-Nevada’s U.S. Operations. Trained as an accountant with Arthur Andersen & Company, Ms. Saxton has a proven record of financial governance, capital markets expertise, and value creation within the U.S. mining sector. She holds a B.Sc. in Accounting from the University of Colorado, Boulder, and is based in Denver, Colorado.

Ms. Saxton is being appointed to the Board to fill a vacancy created by the departure of three of the Company’s independent directors. Michael Pilmer, Katherine Arnold, and Rosa Espinoza have each tendered their resignation from the Company’s Board of Directors to be effective September 17, 2025. Mr. Pilmer, Ms. Arnold and Ms. Espinoza were not re-elected by shareholders of the Corporation at the annual meeting of shareholders of the Company which concluded on June 26, 2025 (the “ Shareholder Meeting ”), however, as permitted by Canada Business Corporations Act,each graciously agreed to remain on the Board for a period following the Shareholder Meeting in order to facilitate an orderly transition and good corporate governance while the Company searched for and identified a qualified and suitable replacement director candidate. Arizona Metals wishes to thank Mr. Pilmer, Ms. Arnold, and Ms. Espinoza for their significant contributions and dedicated service to the Company.

Duncan Middlemiss, President and CEO of Arizona Metals commented: “On behalf of the Company and the Board, I am very pleased to welcome Pam Saxton as an independent director. Pam’s extensive financial leadership and board experience in the mining sector will provide valuable insight and strengthen our governance as we advance our projects. I would also like to sincerely thank Mike, Katherine, and Rosa for their important contributions and commitment during their tenure with Arizona Metals.”

Drill Results

Arizona Metals is also pleased to announce assay results from one drill hole in the Kay2 Zone and four drill holes on the Kay North Extension at the Kay project in Arizona.

In the Kay2 Zone within the Kay Deposit, KM-25-177A intersected 4.3 m @ 2.6% CuEq (Table 1, Figure 1). This extends mineralization 280 m below the previous deepest drill intercept on the property (KM-24-173, 2.4 m @ 2.7% CuEq), and brings the total down-dip length of drilled mineralization on the project to approximately 1,350 m.

Drilling along the Kay North Extension target has extended drilled mineralization approximately 440 m to the north, demonstrating continuity of the Kay mineralized horizon in this direction (Table 1, Figure 2, Figure 3). Results from this drilling include 0.6 m @ 4.8% CuEq in KM-25-185 and 0.3 m @ 3.2% CuEq. Although narrow, these and other intercepts shown in Table 1 demonstrate a consistent horizon of mineralization stretching north from the Kay Deposit. Additional holes in this area intersected anomalous Cu, Zn, and Au along this same horizon and several other parallel horizons.

Duncan Middlemiss, President and CEO of the Company, comments: “We are excited that these new drill results demonstrate depth potential in the Kay Deposit as well as on-strike potential to the north. Both are encouraging for expansion of the Kay Deposit and for our exploration efforts on targets outside the currently known Kay Deposit.”

Additionally, 5,000 m of reverse circulation drilling is planned at the Company’s Sugarloaf Peak Gold Project (the “Sugarloaf Peak Project”) in La Paz County, Arizona. Drilling and road contractors have been chosen for the project and road crews have been mobilized. The geology team is ready and drilling is expected to begin in mid-September.

As previously stated, the Company is executing on all of its previously-stated goals for 2025 and looks forward to continuing the development of the Company’s strong assets.

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Kay Mine Project in Yavapai County, which is located on 1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. The Kay Mine Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

The Kay project contains a current mineral resource estimate (MRE) of 9.28 million tonnes grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb, and 2.39% Zn in the Indicated category, and 0.86 million tonnes grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb, and 1.68% Zn in the Inferred category, at a base-case cut-off grade of 1.00 % CuEq. Copper equivalent MRE grades are 9.28 million tonnes @ 3.18% CuEq in the Indicated category and 0.86 million tonnes @ 2.44% CuEq in the Inferred category.

Qualified Person and Quality Assurance/Quality Control

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the appointment of a new independent director and the resignation of directors of the Company; statements regarding the expansion potential of the Kay Project, statements regarding drill results and future drilling of the Kay2 Zone, the main Kay deposit and expansion drilling targets on the Kay Project, statements regarding Kay2 Zone mineralization, statements regarding Kay2 Zone mineralization and the contribution of the Kay2 Zone mineralization to the mineral resource estimate for the Kay deposit, and the mineral resource estimate being completed in H1 2025 or at all, statements regarding drilling and other exploration activity on the Sugarloaf Peak Gold Project, statements regarding completion of a PEA in H2 2025 or at all, statements regarding execution of the Company’s plans for 2025 and the achievement of targeted milestones.. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.

Cautionary Note regarding Mineral Resource Estimates

Cautionary Statements to U.S. Readers

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Table 1. Results of Phase 3 Drill Program at the Kay Project, Yavapai County, Arizona announced in this news release.

Figure 2. Plan map of the Kay North Extension target, displaying the new drill hole reported in this release. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes only.

Figure 1. Oblique section of the Kay Deposit looking northeast, displaying the new drill hole reported in this release. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes only.

Figure 3. Cross section looking north at the Kay North Extension target, showing relative positions of intercepts in drill holes KM-25-183, 185, and 186. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed Metal Equivalent calculations are reported for illustrative purposes only.

Arizona Metals Files Technical Report for the Kay Mine Project

Thu, 14 Aug 2025 17:38:03 GMT

Toronto, August 14, 2025 – Arizona Metals Corp. (TSX: AMC, OTCQX: AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce that, further to its news release dated June 30, 2025, the Company has filed the independent technical report supporting the first ever mineral resource estimate in respect of the Company’s Kay Mine Project.

The technical report, titled “Technical Report On The Mineral Resource Estimate for the Kay Deposit Cu-Au-Zn-Pb-Ag Project, Yavapai County Arizona, USA,” has been filed on SEDAR+ in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The technical report is dated August 14, 2025, with an effective date of June 17, 2025, and was authored by Allan Armitage, PhD, P.Geo., and Ben Eggers, MAIF, P.Geo., of SGS Geological Services (“SGS”) and Shaohai (Sam) Yu, P.Met, of SGS Bateman (“SGS”), each of whom is an independent Qualified Person as defined in NI 43-101.

A copy of the technical report is available under the Company’s profile on SEDAR+ at www.sedarplus.com

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Kay Mine Project in Yavapai County, which is located on 1,669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. The Kay Mine Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

Disclaimer

Forward-looking statements contained in this press release include, without limitation, statements regarding the expansion potential of the Kay Project; statements regarding drill results and future drilling at the main Kay Project, and at additional targets including the North, North-Central and Western Targets at the Kay Project; expansion drilling targets on the Kay Project; statements regarding drilling and other exploration activity on the Sugarloaf Peak Gold Project; statements regarding completion of a PEA in H2 2025 or at all; and statements regarding execution of the Company’s plans for 2025 and the achievement of targeted milestones.

In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Arizona Metals Announces 2025 Mineral Resource Estimate for Kay Mine Project

Mon, 30 Jun 2025 20:22:06 GMT

Toronto, June 30, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce an initial Mineral Resource Estimate (“MRE”) for its 100% owned Kay Mine Project (the “Kay Project”) located in Yavapai County, Arizona.

Highlights of the Kay Project MRE are as follows:

The underground MRE includes 9.28 million tonnes grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb, and 2.39% Zn in the Indicated category, and 0.86 million tonnes grading 1.06 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb, and 1.68% Zn in the Inferred category, at a base-case cut-off grade of 1.00% CuEq.
Copper equivalent MRE grades are 9.28 million tonnes @ 3.18% CuEq in the Indicated category and 0.86 million tonnes @ 2.44% CuEq in the Inferred category.
Quality Asset: High grade, with good geometry and continuity suitable for bulk underground mining methods.
Camp Potential: The initial MRE sits within less than 5% of the 10-km long strike of folded prospective host rocks in the Kay Project.
Infill Potential: This initial MRE has clear potential to expand between existing drill holes within the deposit, and to upgrade Inferred resource.
Expansion Potential: The deposit remains open for expansion beyond this initial MRE both along strike and at depth.
Continued Advancement: Following the completion of additional metallurgical testwork, a preliminary economic assessment (“PEA”) is planned for release in the second half of 2025.
The Company is delivering and executing on all of its previously stated goals for 2025 and looks forward to continuing the development of the Company’s strong assets.

Duncan Middlemiss, President and CEO of Arizona Metals, comments: “The release of our initial Mineral Resource Estimate marks a major milestone for Arizona Metals and validates not only the scale, but more importantly, the quality of the Kay Project. With over 650 million pounds of copper equivalent in the Indicated category alone—and with the deposit remaining open in multiple directions—we see significant opportunity for expansion through continued drilling. We believe this resource represents just the beginning. With a strong treasury and a PEA on track for release later this year, we’re excited to advance the Kay Project toward becoming one of the top undeveloped VMS projects in the U.S.”

Table 1. Kay Mine Property Underground Mineral Resource Estimate at a Base-case Cut-off Grade of 1.00% CuEq, June 17, 2025

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Kay Project in Yavapai County, which is located on 1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

Qualified Person and Quality Assurance/Quality Control

The mineral resource was estimated by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Armitage conducted site visits to the Kay Mine property on two occasions, on October 25–26, 2023, and April 7–8, 2024. The mineral resource was peer reviewed by Ben Eggers, MAIG, P.Geo., of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Kay Mine property on May 30, 2025.

All of Arizona Metals’ drill sample assay results have been independently monitored through a quality assurance/quality control (“QA/QC”) protocol which includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals’ core handling facilities located in Phoenix and Black Canyon City, Arizona. Drill core was diamond sawn on site and half drill-core samples were securely transported to ALS Laboratories’ (“ALS”) sample preparation facility in Tucson, Arizona. Sample pulps were sent to ALS’s labs in Vancouver, Canada, and Reno, Nevada, for analysis. Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively.

The qualified person who devised and monitored the Company’s QA/QC program is David Smith, CPG, a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith is the Vice-President, Exploration of the Company. Mr. Smith supervised the drill program and verified the data disclosed, including sampling, analytical, and QA/QC data underlying the technical information in this news release, including reviewing the reports of ALS, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.

Disclaimer

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the expansion potential of the Kay Project; statements regarding drill results and future drilling at the main Kay Project, and at additional targets including the North, North-Central and Western Targets at the Kay Project; expansion drilling targets on the Kay Project; statements regarding drilling and other exploration activity on the Sugarloaf Peak Gold Project; statements regarding completion of a PEA in H2 2025 or at all; and statements regarding execution of the Company’s plans for 2025 and the achievement of targeted milestones. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Kay Mine Property Mineral Resource Estimate Notes:

The effective date of the Kay Mine Project MRE is June 17, 2025. This is the close-out date for the final mineral resource drilling database.
The mineral resource was estimated by Allan Armitage, Ph.D., P.Geo., of SGS Geological Services, an independent Qualified Person as defined by NI 43-101, who conducted site visits on October 25–26, 2023, and April 7–8, 2024. The mineral resource was peer reviewed by Ben Eggers, MAIG, P.Geo., of SGS Geological Services, an independent Qualified Person as defined by NI 43-101, who conducted a site visit on May 30, 2025.
The classification of the current MRE into Indicated and Inferred mineral resources is consistent with current 2014 CIM Definition Standards – For Mineral Resources and Mineral Reserves.
All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.
All mineral resources are presented undiluted and in situ, constrained by continuous 3D wireframe models (considered mineable shapes), and are considered to have reasonable prospects for eventual economic extraction.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that most Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
The MRE is based on a validated drill hole database which includes data from 234 surface diamond drill holes completed between 2020 and May 2025, totaling 133,912 m (including wedge holes). The resource database totals 11,533 assay intervals representing 14,006 m of data.
Grades for Au, Ag, Cu, Pb and Zn are estimated for each mineralization domain using 1.50 m capped composites assigned to that domain. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used for all domains.
Average density values were assigned to each domain based on a database of 2,307 samples.
Based on the size, shape, and orientation of the deposit, it is envisioned that the deposits may be mined using underground bulk mining methods such as longhole stoping. The MRE is reported at a base-case cut-off grade of 1.00% CuEq. The mineral resource grade blocks are quantified above the base-case cut-off and within the constraining mineralized wireframes (considered mineable shapes).
The underground base-case cut-off grade of 1.00% CuEq considers metal prices of $4.10/lb Cu, $1.00/lb Pb, $1.35/lb Zn, $2,200/oz Au and $26/oz Ag; metal recoveries of 92% for Cu, 76% for Pb, 85% for Zn, 76% for Au and 75% for Ag; a mining cost of US$49.00/t rock; and processing, treatment and refining, transportation and G&A cost of US$29/t mineralized material.
The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

Table 2.Kay Mine Property Underground Mineral Resource Estimate at Various CuEq% Cut-off Grades, June 17, 2025

(1) Underground mineral resources are reported at a base-case cut-off grade of 1.00% CuEq. Values above/below the base case are presented to show sensitivity and should not be misconstrued as a Mineral Resource Statement.
(2) All values are rounded to reflect the relative accuracy of the estimate, and numbers may not add due to rounding.

Figure 1. Oblique section looking northeast, showing the MRE and average grade shells of >2% CuEq (orange) and 1–2% CuEq (yellow). See Tables 1 and 2 for constituent metals, contained metals, and cut-off-grade sensitivity.

The Company is fully funded to complete its planned drilling through the end of 2025 and is on track to deliver a PEA in the second half of 2025 for the Kay Project. G Mining Services Inc. (“G Mining”) has audited the MRE and has been engaged to complete the PEA. The current phase of resource drilling is complete, and the Company has mobilized two drill rigs to the Kay North Extension target, to be followed by drilling on the North-Central and Western Targets at the Kay Project. These areas will be drilled for the first time from newly permitted and strategically positioned drill pads, designed to optimize targeting and access. The Company plans 10,000 m of exploration drilling at these targets with holes ranging from 300 m to 900 m in depth. The Company has chosen these high-priority targets based on analysis of geologic, geochemical, and geophysical exploration data generated to date on the project.

Additionally, 5,000 m of reverse circulation drilling is planned at the Company’s Sugarloaf Peak Gold Project (the “Sugarloaf Peak Project”) in La Paz County, Arizona. Drilling and road-construction contractors have been chosen for the Sugarloaf Peak Project, and the Company is preparing to mobilize crews during Q3.

Arizona Metals Corp Announces Results of 2025 Annual and Special Meeting of Shareholders

Thu, 26 Jun 2025 20:36:27 GMT

Toronto, June 26, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) today announced the voting results of the annual and special meeting of shareholders of the Company convened and adjourned on June 18, 2025 and concluded today (the “Meeting”).

Results of the Meeting

The results of the vote in respect of the election of directors of the Company are set out below.

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Kay Project in Yavapai County, which is located on 1,669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a “proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver.” The historic estimate at the Kay Mine Project was reported by Exxon Minerals in 1982 (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company).

The Kay Project’s historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

The Company also owns 100% of the Sugarloaf Peak Project, in La Paz County, which is located on 4,400 acres of BLM claims. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a historic estimate of “100 million tons containing 1.5 million ounces gold” at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.). The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

Qualified Person and Quality Assurance/Quality Control

The qualified person who reviewed and approved the technical disclosure in this news release is David Smith, CPG, VP of Exploration of the Company and a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Disclaimer

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding directors remaining on the Board for a transitionary period and the appointment of one or more successor directors prior to the next annual meeting of shareholders. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Although they did not receive a majority of votes cast for their respective re-elections, Mr. Pilmer, Ms. Arnold and Ms. Rojas Espinoza have each graciously agreed to continue to act as members of the Company’s board of directors (the “Board”), and Mr. Pilmer has agreed to continue in his role as Chair of the Audit Committee of the Board, in order to facilitate a seamless and orderly transition, in accordance with the Canada Business Corporations Act.

In addition to voting on the election of directors, at the Meeting shareholders also re-appointed McGovern Hurley LLP, Chartered Professional Accountants, as auditors of the Company, and approved the resolution adopting the Company’s new omnibus equity incentive plan.

A total of 70,196,756 shares were voted at the Meeting, representing 51.18% of the common shares that were issued and outstanding as at the record date for the Meeting.

Further disclosure on the matters approved at the Meeting can be found in the notice of meeting and accompanying management information circular filed in respect of the Meeting and available on SEDAR+ at www.sedarplus.ca

Arizona Metals Intersects 29.6 m @ 10.7 g/t AuEq in Kay2 Zone and Drills Third-Highest Gold Assay on the Kay Mine Project

Tue, 24 Jun 2025 20:54:59 GMT

Toronto, June 24, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce assay results from one drill hole in the Kay2 Zone at the Kay Project in Arizona.

Drill hole KM-25-181 intersected 29.6 m @ 10.7 g/t AuEq, including 13.6 m @ 17.8 g/t AuEq (Figure 1, Table 1). Drill hole 181 is among the most gold-rich holes drilled in the deposit to date and includes the project’s third-highest gold assay from drilling: 35.8 g/t Au (756.2–757.1 m). The hole is located approximately 90 m below, and deeper in the deposit than, hole KM-24-166, the discovery hole in the Kay2 Zone. This is a significant intercept and will be incorporated in the upcoming Mineral Resource Estimate (“MRE”).

Duncan Middlemiss, President and CEO of Arizona Metals, comments: “The high gold grades in the Kay2 Zone continue to indicate a robust mineralized system at Kay and illustrate additional potential for the Kay2 Zone to add value to the overall deposit. Results from hole 181 will be included in the upcoming mineral resource estimate for the Kay project, which remains on track for release this month.”

To date, drilling in the Kay2 Zone has demonstrated dimensions of 100 m along strike and 160 m vertically, with consistently high gold grades throughout. The Kay2 Zone is located approximately 100 m north of previously drilled mineralization in the Kay deposit. With the completion of recent drill holes, Arizona Metals has drilled a total of 135,000 meters on the property.

The Company is fully funded and on track to deliver a Mineral Resource Estimate this month, followed by a Preliminary Economic Assessment (“PEA”) in the second half of 2025, for its Kay Mine Project (the “Kay Project”) located in Yavapai County, Arizona. G Mining Services Inc. (“G Mining”) has been engaged to audit the MRE and complete the PEA. The current phase of resource drilling is complete, and the Company has mobilized the two drill rigs to the Kay North Extension target, to be followed by drilling on the North-Central and Western Targets. These areas will be drilled for the first time from newly-permitted and strategically positioned drill pads, designed to optimize targeting and access. The Company plans 10,000 m of exploration drilling at these targets with holes ranging from 300 m to 900 m in depth. The Company has chosen these high-priority targets based on analysis of geologic, geochemical, and geophysical exploration data generated to date on the project.

Additionally, 5,000 m of reverse-circulation drilling is planned at the Company’s Sugarloaf Peak Gold Project (the “Sugarloaf Peak Project”) in La Paz County, Arizona. Drilling and road-construction contractors have been chosen for the project, and the Company is preparing to mobilize crews during Q3. The Company is executing on all of its previously stated goals for 2025 and looks forward to continuing the development of the Company’s strong assets.

Table 1. Results of Phase 3 Drill Program at the Kay Project, Yavapai County, Arizona (announced in this news release)

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG, a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith supervised the preparation of the scientific and technical information that forms the basis for this news release and has reviewed and approved the disclosure herein. Mr. Smith is the Vice-President, Exploration of the Company. Mr. Smith supervised the drill program and verified the data disclosed, including sampling, analytical and QA/QC data, underlying the technical information in this news release, including reviewing the reports of ALS, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.

Disclaimer

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases, or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the expansion potential of the Kay Project; statements regarding drill results and future drilling of the Kay2 Zone, the main Kay deposit and expansion drilling targets on the Kay Project; statements regarding Kay2 Zone mineralization, and the contribution of the Kay2 Zone mineralization to the mineral resource estimate for the Kay deposit; the mineral resource estimate being completed in H1 2025 or at all; statements regarding drilling and other exploration activity on the Sugarloaf Peak Gold Project; statements regarding completion of a PEA in H2 2025 or at all; and statements regarding execution of the Company’s plans for 2025 and the achievement of targeted milestones. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Notes: The true width of mineralization is estimated to be 50% to 99% of reported core width, with an average of 76%. (2) Assumptions used in USD for the copper and gold metal equivalent calculations were metal prices of $4.63/lb copper, $1,937/oz gold, $25.20/oz silver, $1.78/lb zinc, and $1.02/lb lead. Metal equivalent calculations used assumed metal recoveries, based on a preliminary review of historic data by SRK and ProcessIQ, of 93% for copper, 92% for zinc, 90% for lead, 72% for silver, and 70% for gold. The following equation was used to calculate copper equivalence: CuEq = Copper (%) (93% rec.) + (Gold (g/t) × 0.61)(70% rec.) + (Silver (g/t) × 0.0079)(72% rec.) + (Zinc (%) × 0.3844)(92% rec.) + (Lead (%) × 0.2203)(90% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (g/t)(70% rec.) + (Copper (%) × 1.638)(93% rec.) + (Silver (g/t) × 0.01291)(72% rec.) + (Zinc (%) × 0.6299)(92% rec.) + (Lead (%) × 0.3609)(90% rec.). Analyzed metal-equivalent calculations are reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries.

Figure 1. Oblique section looking northeast, displaying new drill holes reported in this release. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metals prices and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed metal-equivalent calculations are reported for illustrative purposes only.

Arizona Metals Announces Adjournment of Annual and Special Meeting

Wed, 18 Jun 2025 22:30:02 GMT

Toronto, June 18, 2025 – Arizona Metals Corp. (TSX:A MC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) announces that its Annual and Special Meeting (the “Meeting”) of shareholders (“Shareholders”) of the Company was convened as scheduled on June 18, 2025, and adjourned until June 26, 2025, at 11:00 a.m. (Toronto time) at the same virtual venue. The next proxy voting cut-off deadline will be 11:00 a.m. (Toronto time) on Tuesday, June 24, 2025. Details to access the Meeting for those Shareholders who wish to attend and participate at the Meeting remain the same and are reproduced below.

The Chair adjourned the Meeting in an effort to encourage greater Shareholder participation at the Meeting. By the original proxy cut-off time the Company had received proxies from shareholders representing less than half of its outstanding shares, and a number of Shareholders contacted the Company citing delays in meeting the voting cut-off deadline for the Meeting or issues with voting their shares online. The board of directors of the Company has decided that it is in the best interest of the Company and its Shareholders to postpone the Meeting to allow for a broader level of participation by Shareholders to ensure good corporate governance.

YOUR VOTE CONTINUES TO BE IMPORTANT – IF YOU HAVE NOT DONE SO, PLEASE VOTE TODAY

The proxy voting deadline is 11:00 a.m. (Toronto time) on Tuesday, June 24, 2025.

Meeting Details

Shareholders of record as of May 20, 2025, will continue to have the right to vote at the Meeting. The Company encourages all shareholders to vote their shares in advance of the Meeting, in accordance with the instructions provided in the previously distributed proxy materials. Any shareholders who previously voted online or by phone or submitted proxies that were accepted by the Chair of the Meeting do not need to take any further action (unless they wish to change their vote) as those proxies remain valid for use at the Meeting on June 26, 2025.

The Meeting will be held on Thursday, June 26, 2025 at 11:00 a.m. (Toronto time) and will continue to be held in a virtual-only format via live audio webcast at https://virtual-meetings.tsxtrust.com/1826 . At this website, shareholders will be able to participate in the Meeting, submit questions and vote their shares while the Meeting is being held.

For complete details and access to all relevant documents related to the Meeting, please visit https://arizonametalscorp.com/investors/corporate-filings/ or the Company’s profile on SEDAR+ at www.sedarplus.com .

How to Vote

Shareholders are encouraged to vote in advance of the meeting via the internet or telephone using the control number found on the form of proxy or voting instruction form previously mailed by the Company. To ensure that their vote is counted, shareholders are encouraged to vote well in advance of the proxy voting deadline on Tuesday, June 24, 2025 at 11:00 a.m. (Toronto time).

About Arizona Metals Corp

The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

Qualified Person and Quality Assurance/Quality Control

Disclaimer

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Arizona Metals Intersects 44.5 m @ 4.0 g/t AuEq, 18.6 m @ 2.1% CuEq, and 32.0 m @5.3 g/t AuEq in Kay2 Zone

Tue, 27 May 2025 22:47:11 GMT

Toronto, May 27, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce assay results from five drill holes in the Kay2 Zone at the Kay Project in Arizona.

Highlights

KM-25-180: 44.5 m @ 4.0 g/t AuEq, including 9.5 m @ 9.2 g/t AuEq and 0.9 m @ 21.7 g/t AuEq (Figure 1, Table 1). The hole is ~40 m south of KM-24-166, the Kay2 discovery hole.

KM-25-178: Three intervals — 18.6 m @ 2.1% CuEq, 8.4 m @ 1.9% CuEq, and 1.8 m @ 2.4 g/t AuEq (Figure 1, Table 1). This hole is ~45 m above KM-24-166.

KM-25-179: Three intervals — 32.0 m @ 5.3 g/t AuEq (including 6.1 m @ 10.9 g/t AuEq), 1.5 m @ 6.2% CuEq, and 7.6 m @ 1.0% CuEq (Figure 1, Table 1). The hole is 70 m above and south of hole 166, and 70 m above hole 180.

To date, drilling in the Kay2 Zone has demonstrated dimensions of ~100 m along strike and ~140 m vertically. Drilling shows good continuity in mineralization in the Kay2 Zone and adjacent mineralization in the main Kay deposit to the south. The Kay2 Zone is located approximately 100 m north of previously drilled mineralization in the Kay deposit.

Duncan Middlemiss, President and CEO of Arizona Metals, commented: “We are encouraged by the latest drill results from the Kay2 Zone, which continue to demonstrate significant expansion potential. The intercepts show substantial thicknesses, consistent grades, and strong continuity—key indicators of a robust mineralized system. These results reinforce our confidence in the Kay2 Zone and support our view that these results will contribute to the overall tonnage of the Kay deposit. We believe this will be clearly reflected in the updated mineral resource estimate, which remains on track for release in the second quarter of 2025.”

The Company also received approval for one additional drill pad from the Bureau of Land Management under the existing Notice of Intent to Explore permit. This pad provides additional opportunities to test the Kay North Extension target where the Kay mineralized horizon continues north from the Kay deposit. One drill hole in the Kay2 Zone, KM-25-176, encountered no significant assays (Table 1). Deep drill hole KM-25-177, targeted at the depth extension of the main Kay deposit, was lost before reaching target depth due to difficult drilling. With the completion of recent drill holes, Arizona Metals has drilled a total of 133,000 meters on the property.

Table 1. Results of Phase 3 Drill Program at the Kay Project, Yavapai County, Arizona (announced in this news release)

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

All of Arizona Metals’ drill sample assay results have been independently monitored through a QA/QC protocol that includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals’ core facilities in Phoenix and Black Canyon City, Arizona. Drill core was diamond sawn on site and half core was securely transported to ALS (Tucson) for preparation; pulps were analyzed at ALS Vancouver and Reno. Gold by fire assay, 30-g charge with ICP finish (Au-AA23). Silver and 32 other elements by ICP with four-acid digestion (ME-ICP61a). Over-limits by ore-grade analyses (Au-GRA21, Ag-OG62, Cu-OG62, Zn-OG62). ALS is independent of Arizona Metals; the Vancouver and Reno labs are ISO 17025 accredited. ALS internal and Arizona Metals external blind QC samples were acceptable. Arizona Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect data accuracy or reliability.

The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG, a qualified person as defined in NI 43-101. Mr. Smith supervised the preparation of the scientific and technical information, reviewed the ALS reports, methodologies, results, and QA/QC procedures, and verified the data; there were no limitations on the verification process.

Disclaimer

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the expansion potential of the Kay Project; statements regarding drill results and future drilling of the Kay2 Zone and the main Kay deposit; statements regarding Kay2 Zone mineralization, and the contribution of the Kay2 Zone mineralization to the mineral resource estimate for the Kay deposit; and the mineral resource estimate being completed in Q2 2025 or at all. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: availability of the Company to stay well funded; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Notes: The true width of mineralization is estimated to be 50% to 99% of reported core width, with an average of 76% . Assumptions used in USD for metal-equivalent calculations: $4.63/lb Cu, $1,937/oz Au, $25.20/oz Ag, $1.78/lb Zn, $1.02/lb Pb . Assumed recoveries (SRK & ProcessIQ preliminary review): Cu 93%, Zn 92%, Pb 90%, Ag 72%, Au 70% .
CuEq equation: CuEq = Copper (%)×(93% rec.) + [Gold (g/t)×0.61]×(70% rec.) + [Silver (g/t)×0.0079]×(72% rec.) + [Zinc (%)×0.3844]×(92% rec.) + [Lead (%)×0.2203]×(90% rec.).
AuEq equation: AuEq = Gold (g/t)×(70% rec.) + [Copper (%)×1.638]×(93% rec.) + [Silver (g/t)×0.01291]×(72% rec.) + [Zinc (%)×0.6299]×(92% rec.) + [Lead (%)×0.3609]×(90% rec.).
Analyzed metal-equivalent calculations are reported for illustrative purposes only; the metal chosen for reporting is the one contributing the most dollar value after assumed recoveries.

Figure 1. Oblique section looking northeast, displaying new drill holes reported in this release. See Table 1 for constituent elements, grades, metal prices, and recovery assumptions used for AuEq (g/t) and CuEq (%) calculations. Analyzed metal-equivalent calculations are for illustrative purposes only.

Arizona Metals Intersects 34.8m @ 11.3 g/t AuEq in Kay2 Zone

Mon, 03 Mar 2025 00:13:09 GMT

Toronto, March 3, 2025 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the "Company" or "Arizona Metals") is pleased to announce assay results from three drill holes in the Kay2 Zone and one hole from the West target at the Kay project in Arizona. In the Kay2 Zone, drill hole KM-24-170C intersected 34.8 m @ 11.3 g/t AuEq, including 2.0 m @ 23.6 g/t AuEq and 4.0 m @ 19.1 g/t AuEq (Figure 1, Table 1). One sample in this drill hole returned 33.5 g/t Au, the third-highest gold assay on the project to date (691.1-691.7 m). The hole is located approximately 40 m below hole KM-24-166, the discovery hole in the Kay2 Zone. A second drill hole in the Kay2 Zone, KM-24-170B, intersected 4.7 m @ 1.0% CuEq (Figure 1, Table 1). The Kay2 Zone is located approximately 100 m north of previously drilled mineralization in the Kay deposit.

Duncan Middlemiss, President and CEO of Arizona Metals, commented: “We are very pleased that the Kay deposit continues to demonstrate high-grade zones, and that the Kay2 Zone shows good continuity. This hole was drilled to test and confirm the continuity of mineralization in the vicinity of drill hole KM-24-166. We expect mineralization in these and other Kay2 Zone drill holes to add tonnage to the forthcoming mineral resource estimate for the Kay deposit, planned for H1 2025. Meanwhile, we continue to probe the vertical extents of both the Kay2 Zone and the main Kay deposit with deep drill holes. We are currently drilling two deep trunk holes (holes 176 and 177) below the Kay and Kay2 zones, targeting around 1150 m below surface. We will wedge these holes laterally and at successively higher elevations to determine the deeper extents of the mineralization. The results of this deeper drilling could be included in the H1-2025 mineral resource estimate.”

The deep drill holes currently underway are intended to serve as trunk holes to allow multiple branch holes to further test the size of the Kay2 Zone and deeper Kay deposit mineralization. One drill hole in the Kay2 Zone, KM-24-173A, encountered no significant assays (Figure 1). An additional hole in the West target intersected the West target horizon: hole KM-24-175 intersected anomalous sulfide minerals and trace elements where expected within this mineralized horizon. With the completion of recent drill holes, Arizona Metals has drilled a total of 127,000 meters on the property.

Table 1. Results of Phase 3 Drill Program at the Kay Project, Yavapai County, Arizona, announced in this news release.

The true width of mineralization is estimated to be 50% to 99% of reported core width, with an average of 76%. Assumptions used in USD for the copper and gold metal equivalent calculations were metal prices of $4.63/lb Copper, $1937/oz Gold, $25.20/oz Silver, $1.78/lb Zinc, and $1.02/lb Pb. Metal equivalent calculations used assumed metal recoveries, based on a preliminary review of historic data by SRK and ProcessIQ, which were 93% for copper, 92% for zinc, 90% for lead, 72% for silver, and 70% for gold. The following equation was used to calculate copper equivalence: CuEq = Copper (%) (93% rec.) + (Gold (g/t) × 0.61)(70% rec.) + (Silver (g/t) × 0.0079)(72% rec.) + (Zinc (%) × 0.3844)(92% rec.) + (Lead (%) × 0.2203)(90% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (g/t)(70% rec.) + (Copper (%) × 1.638)(93% rec.) + (Silver (g/t) × 0.01291)(72% rec.) + (Zinc (%) × 0.6299)(92% rec.) + (Lead (%) × 0.3609)(90% rec.). Analyzed metal equivalent calculations are reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries.

Figure 1. Oblique section looking northeast, displaying new drill holes reported in this release. See Table 1 for additional details. The true width of mineralization in this area is yet to be determined. See Table 1 for constituent elements, grades, metal prices, and recovery assumptions used for AuEq g/t and CuEq % calculations. Analyzed metal equivalent calculations are reported for illustrative purposes only.

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Kay Project in Yavapai County, which is located on 1,669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. A historic estimate by Exxon Minerals in 1982 reported a “proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver.” The historic estimate at the Kay Mine Project was reported by Exxon Minerals in 1982 (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company).

The Kay Project’s historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling, and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

The Company also owns 100% of the Sugarloaf Peak Project in La Paz County, which is located on 4,400 acres of BLM claims. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a historic estimate of “100 million tons containing 1.5 million ounces of gold” at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.).

The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling, and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

Qualified Person and Quality Assurance/Quality Control

All of Arizona Metals’ drill sample assay results have been independently monitored through a quality assurance/quality control (“QA/QC”) protocol, which includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals’ core handling facilities located in Phoenix and Black Canyon City, Arizona. Drill core was diamond sawn on site, and half drill-core samples were securely transported to ALS Laboratories’ (“ALS”) sample preparation facility in Tucson, Arizona. Sample pulps were sent to ALS’s labs in Vancouver, Canada, and Reno, Nevada, for analysis.

ALS Laboratories is independent of Arizona Metals Corp., and its Vancouver and Reno facilities are ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the accuracy and integrity of results. Parameters for ALS’ internal and Arizona Metals’ external blind quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.

The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG , a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith supervised the preparation of the scientific and technical information that forms the basis for this news release and has reviewed and approved the disclosure herein. Mr. Smith is the Vice-President, Exploration of the Company.

Mr. Smith supervised the drill program and verified the data disclosed, including sampling, analytical, and QA/QC data underlying the technical information in this news release. This included reviewing the reports of ALS, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice. All matters were consistent and accurate according to his professional judgment, and there were no limitations on the verification process.

Disclaimer

Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance (often but not always using phrases such as “expects,” “does not expect,” “is expected,” “anticipates,” “does not anticipate,” “plans,” “budget,” “scheduled,” “forecasts,” “estimates,” “believes,” or “intends” ) or variations of such words and phrases, or stating that certain actions, events, or results “may,” “could,” “would,” “might,” or “will” occur or be achieved, are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained in this press release include, without limitation, statements regarding the expansion potential of the Kay Project, statements regarding drill results and future drilling of the Kay2 Zone and the main Kay deposit, statements regarding Kay2 Zone mineralization, and its contribution to the mineral resource estimate for the Kay deposit, and the mineral resource estimate being completed in H1 2025 or at all.

In making these forward-looking statements, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that they will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements.

Such factors include, but are not limited to, the Company’s ability to stay well-funded, delays or failures in receiving required permits or regulatory approvals, and general business, economic, competitive, political, and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release.

Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
Twitter/X

Arizona Metals Extends Kay2 Zone 450m Below Discovery Hole at Kay Deposit

Wed, 05 Feb 2025 22:16:22 GMT

The new season is a great reason to make and keep resolutions. Whether it’s eating right or cleaning out the garage, here are some tips for making and keeping resolutions.

Make a list

Lists are great ways to stay on track. Write down some big things you want to accomplish and some smaller things, too.

Check the list regularly

Don’t forget to check in and see how you’re doing. Just because you don’t achieve the big goals right away doesn’t mean you’re not making progress.

Reward yourself

When you succeed in achieving a goal, be it a big one or a small one, make sure to pat yourself on the back.

Think positively

Positive thinking is a major factor in success. So instead of mulling over things that didn’t go quite right, remind yourself of things that did.

Arizona Metals Corp. Announces Closing of Bought Deal Public Offering

Fri, 20 Dec 2024 22:38:09 GMT

Toronto, Dec. 20, 2024 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “ Company ” or “ Arizona Metals ”) is pleased to announce that it has closed its previously announced bought deal public offering of 15,927,700 common shares (the " Common Shares ") of the Company at a price of $1.70 per Common Share (the " Offering Price ") for gross proceeds to the Company of $27,077,090 (the " Offering "), which includes the partial exercise of the over-allotment option by the underwriters to purchase 1,221,817 Common Shares. The Offering was conducted by a syndicate of underwriters co-led by Stifel Nicolaus Canada Inc. and Scotiabank, and included BMO Nesbitt Burns Inc., National Bank Financial Inc., Beacon Securities Limited and Clarus Securities Inc. (the " Underwriters ").

In connection with the Offering, the Underwriters received a cash commission of 5.5% of the gross proceeds of the Offering, excluding gross proceeds from the sale of Common Shares on a president's list agreed upon by the Company and the Underwriters (the " President's List "), for which a commission of 2.75% of such gross proceeds was paid by the Company to the Underwriters.

The Company plans to use the net proceeds from the Offering to fund exploration expenditures at the Company's Kay Mine Project and Sugarloaf Peak Property, both in Arizona, as well as for working capital and general corporate purposes.

The Common Shares were offered in all provinces of Canada, except Quebec, pursuant to a short form prospectus dated December 18, 2024. The Common Shares were also sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), and elsewhere in compliance with applicable securities laws.

Certain directors and officers of the Company (collectively, the " Insiders ") acquired an aggregate of 88,236 Common Shares in the Offering. Participation by the Insiders in the Offering was considered a "related party transaction" pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders' participation in the Offering pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to, nor the consideration paid by, the Insiders exceeded 25% of the Company's market capitalization. The Company did not file a material change report 21 days prior to closing of the Offering as the Insiders' participation had not been confirmed at that time.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements of the U.S. Securities Act and applicable states securities laws.

About Arizona Metals Corp

Arizona Metals Corp. owns 100% of the Kay Project in Yavapai County, which is located on 1,669 acres of patented and BLM mining claims and193 acres of private land that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver." The historic estimate at the Kay Deposit was reported by Exxon Minerals in 1982. (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company)

The Kay Mine historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

The Kay Mine is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

The Company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a historic estimate of "100 million tons containing 1.5 million ounces gold" at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.)

The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

The Qualified Person who reviewed and approved the technical disclosure in this release is David Smith, CPG, VP Exploration of the Company, and a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the completion of the Offering (including the receipt of required regulatory approvals) and the use of proceeds from the Offering. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Such factors include but are not limited to: the Company's ability to obtain future financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

www.arizonametalscorp.com
https://x.com/ArizonaCorp

Arizona Metals Corp. Files Final Short Form Prospectus in connection with its Bought Deal Public Offering, Underwriters exercise Over-Allotment Option

Thu, 19 Dec 2024 22:45:43 GMT

Toronto, Dec. 19, 2024 – Arizona Metals Corp. (TSX:AMC, OTCQX:AZMCF) (the “ Company ” or “ Arizona Metals ”) announces that, further to its news release dated Dec. 2, 2024, it has filed a final short form prospectus dated December 18, 2024 (the " Final Prospectus ") with the securities commissions in each of the provinces of Canada, except Quebec pursuant to its $25,000,001 bought deal public offering of common shares (the " Common Shares ") at $1.70 per Common Share (the " Offering ") through a syndicate of underwriters co-led by Stifel Nicolaus Canada Inc. and Scotia Capital Inc. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Beacon Securities Limited and Clarus Securities Inc. (the " Underwriters "). The Company has granted the Underwriters an option (the " Over-Allotment Option ") to purchase an additional 2,205,883 Common Shares of the Company on the same terms exercisable at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any. Today, the Underwriters exercised the Over-Allotment Option to purchase an additional 1,221,817 Common Shares, for an additional $2,077,089 in gross proceeds to the Company (bringing the total gross proceeds to $27,077,090). If the Over-Allotment Option is exercised in full, an additional $1,672,912 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds the Offering will be $28,750,002.

The Offering will be conducted in each of the provinces 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 in Rule 144A of the United States Securities Act of 1933 (the " 1933 Act "), as amended, and applicable state securities laws, and certain other jurisdictions outside of Canada and the United States.

Closing of the Offering is expected to occur on or about December 20, 2024. The Toronto Stock Exchange has conditionally approved the Offering and the listing of the Common Shares to be issued pursuant to the Offering (including any exercise of the Over-Allotment Option), subject to customary conditions.

Final Short Form Prospectus is Accessible through SEDAR+:

Delivery of the Final Prospectus and any amendment thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable securities legislation. The Final Prospectus is accessible on SEDAR+ at www.sedarplus.ca . An electronic or paper copy of the Final Prospectus and any amendment may be obtained, without charge, from Stifel Nicolaus Canada Inc., at 161 Bay St. Suite 3800, by telephone at 1.416.367.8600 or by e-mail at prospectuscanada@stifel.com , by providing the contact with an e-mail address or address, as applicable. Prospective investors should read the Final Prospectus in its entirety before making an investment decision.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

Note Regarding 2024 Interim Financial Statements

The Company wishes to confirm that its auditors were not engaged to perform a review of the interim consolidated financial statements (i) for the three-months ended March 30, 2024 and filed on May 15, 2024 (the " Q1 2024 FS "), (ii) for the three and six-months ended June 30, 2024 and filed on August 8, 2024 (the " Q2 2024 FS "), or (iii) for the three and nine-months ended September 30, 2024 and filed on November 14, 2024 (the " Original Q3 2024 FS ", and, collectively with the Q1 2024 FS and the Q2 2024 FS, the " 2024 Interim FS "). While the Company included a "notice to reader" in each of the 2024 Interim FS advising that the respective financial statements were prepared by and the responsibility of management, the Company inadvertently omitted from each of the 2024 Interim FS a statement confirming that its auditors had not been engaged to review the respective financial statements, as required in accordance with section 4.3(3) of NI 51-102 – Continuous Disclosure Obligations.

The Original Q3 2024 FS have been amended and restated (the " Amended Q3 2024 FS "), and the auditors of the Company were engaged to review the Amended Q3 2024 FS. The Amended Q3 2024 FS have been filed on SEDAR+ and are incorporated by reference into the Final Prospectus.

Readers are advised that the neither the Q1 2024 FS, the Q2 2024 FS, nor the Original Q3 2024 FS were reviewed by the auditors of the Company.

Final Short Form Prospectus Accessible on SEDAR +

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

About Arizona Metals Corp

The Kay Mine is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the completion of the Offering (including the receipt of required regulatory approvals) and the use of proceeds from the Offering. In making the forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Such factors include but are not limited to: the Company's ability to obtain future financing, delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.

THE TORONTO STOCK EXCHANGE HAS NEITHER REVIEWED NOR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Not for distribution to US newswire services or for release, publication, distribution, or dissemination directly or indirectly, in whole or in part, in or into the United States.

For further information, please contact:

Morgan Knowles
Vice President of Investor Relations
(647) 202-3904
mknowles@arizonametalscorp.com

Duncan Middlemiss
President and CEO
dmiddlemiss@arizonametalscorp.com

arizona-metals

Arizona Metals’ Final Sugarloaf Peak Drill Results Demonstrate Robust Expansion and Continuity

Highlights of the drilling include:

Additional drill results are as follows:

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Cautionary Note Regarding Forward-Looking Statements

For further information, please contact:

Arizona Metals Intersects 22.4 m @ 1.1% CuEq in the Kay Deposit and Additional Drill Results from Kay Exploration Targets

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Disclaimer

For further information, please contact:

Arizona Metals Sugarloaf Peak Drill Results Deliver Continued Expansion Potential and Confirm Continuity

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Cautionary Note Regarding Forward-Looking Statements

For further information, please contact:

Arizona Metals Announces Initial Drill Results from Sugarloaf Peak Drilling

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Cautionary Note Regarding Forward-Looking Statements

For further information, please contact:

Arizona Metals Announces Appointment of Pamela Saxton to Board of Directors; Extends Kay Deposit to 1,350 m Depth and Confirms Continuity of Kay Mineralized Horizon 280 m North of Previous Drilling

Drill Results

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Cautionary Note Regarding Forward-Looking Statements

Cautionary Note regarding Mineral Resource Estimates

Cautionary Statements to U.S. Readers

For further information, please contact:

Arizona Metals Files Technical Report for the Kay Mine Project

About Arizona Metals Corp

Disclaimer

For further information, please contact:

Arizona Metals Announces 2025 Mineral Resource Estimate for Kay Mine Project

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Disclaimer

For further information, please contact:

Arizona Metals Corp Announces Results of 2025 Annual and Special Meeting of Shareholders

Results of the Meeting

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Disclaimer

For further information, please contact:

Arizona Metals Intersects 29.6 m @ 10.7 g/t AuEq in Kay2 Zone and Drills Third-Highest Gold Assay on the Kay Mine Project

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Disclaimer

For further information, please contact:

Arizona Metals Announces Adjournment of Annual and Special Meeting

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Disclaimer

For further information, please contact:

Arizona Metals Intersects 44.5 m @ 4.0 g/t AuEq, 18.6 m @ 2.1% CuEq, and 32.0 m @5.3 g/t AuEq in Kay2 Zone

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Disclaimer

For further information, please contact:

Arizona Metals Intersects 34.8m @ 11.3 g/t AuEq in Kay2 Zone

About Arizona Metals Corp

Qualified Person and Quality Assurance/Quality Control

Disclaimer

For further information, please contact:

Arizona Metals Extends Kay2 Zone 450m Below Discovery Hole at Kay Deposit

Arizona Metals Corp. Announces Closing of Bought Deal Public Offering

About Arizona Metals Corp

Cautionary Note Regarding Forward-Looking Statements

For further information, please contact:

Arizona Metals Corp. Files Final Short Form Prospectus in connection with its Bought Deal Public Offering, Underwriters exercise Over-Allotment Option

About Arizona Metals Corp

Cautionary Note Regarding Forward-Looking Statements

For further information, please contact:

Arizona Metals Intersects 22.4 m @ 1.1% CuEq in the Kay Deposit and  Additional Drill Results from Kay Exploration Targets