Arizona Gold Corp. (TSX: AZG) (OTCQB: AGAUF) is pleased to announce additional underground drilling results at its 100% owned Copperstone gold project located in Arizona, United States.

Giulio Bonifacio, CEO of Arizona Gold, stated: “We are pleased to announce additional drill results from the current underground core drilling program, which continues to demonstrate continuity and extension of several mineralized domains as previously defined. The drilling has shown grades and thicknesses comparable or better to the current resource model with additional assay results pending. Reverse circulation in-fill drilling will commence in May with close-spaced in-fill drilling of stopes which will lead to final stope mine design.”

Drilling Highlights Include:

Drill Hole AZG-21-P3C-06C

• 10.8 m at 8.2 g/t Au, including 0.7 m at 49.1 g/t Au

Drill Hole AZG 21-P3A-02C

• 2.3 m at 10.6 g/t Au, including 0.8 m at 19.0 g/t Au

2021 Drilling Program

The underground core hole drilling is completed, having successfully tested the continuity of mineralization in various previously defined mineral domains and previously planned stopes. The core drilling was done in the C and D Zones. In-fill drilling has commenced with assay results pending. Preliminary indications confirm mineralization as previously modelled while demonstrating continuity and extension of currently defined mineralized domains. Reverse circulation in-fill drilling of the stopes is expected to commence in May with close-spaced drilling which will provide detailed information for purposes of stope mining design.

The following provides additional information for each of the drill holes reported and summarized in Table 1:

AZG-21-33-31 is an up angle exploration hole drilled southeasterly and collared in station 33 in the C zone. It intersected the CLW01 mineralized domain as expected.

AZG-21-P3A-02C is a down angle hole drilled easterly and collared in station P3A in the C zone, for purposes of initial design purposes. It successfully intersected the block modelled location of the stope mineralization.

AZG-21-P3C-06C is a down angle hole drilled easterly and collared in station P3C in the C zone, for purposes of initial design purposes. It successfully intersected the block modelled location of the stope mineralization.

Table 1: Underground Core Drilling

(1) Au grades herein are reported as uncapped values.
(2) Estimated perpendicular distance between footwall and hanging wall of the mineralized interval.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101 for this project.

Quality Assurance and Quality Control Statement

Procedures have been implemented to assure Quality Assurance Quality Control of drill hole assaying being done at an ISO Accredited assay laboratory.  Drill hole samples to be assayed are securely stored for shipment, with chain of custody documentation through delivery. Mineralized commercial reference standards or blank standards are inserted approximately every 20th sample in sequence and results are assessed to ascertain acceptable limits for analytical variance. Duplicate samples will also be taken as a further check in lab precision and accuracy. All results will be analyzed for consistency and corrective actions taken, if needed.

About Arizona Gold Corp.

Arizona Gold is an emerging American gold producer advancing the restart of production at its 100-per-cent-owned, fully permitted, past-producing Copperstone mine project, located in mining-friendly Arizona. The Copperstone mine project demonstrates significant upside exploration potential that has yet to be drilled within a 50 square-kilometre (12,258 acres) land package that includes past production of over 500,000 ounces of gold by way of an open-pit operation.

The company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and further optimizing the mine’s economics for purposes of the restart of gold production as a result of the recent project funding transaction with Star Royalties Ltd. totalling US$18 million.