Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) 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).

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.

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.