Vancouver, British Columbia, October 08, 2024 – Arizona Gold & Silver Inc. (TSX-V: AZS)  (OTCQB:AZASF) is pleased to announce site preparation is nearing completion for diamond core drilling  on  the Red Hills bulk tonnage target on the Philadelphia Gold-Silver property. The target is the down dip extension to known mineralization and the western fringe of a CSAMT anomaly below a hydrothermally altered flow dome known as Red Hill.

Significant drill intercepts in holes PRC21-80 and PRC21-85 were 103.70 metres grading 1.57 grams per tonne (gpt) gold and 7.6 gpt silver, and 115.85 metres grading 1.34 gpt gold and 5.78 gpt silver, respectively.  The new core holes will be drilled from unpatented claims on BLM administered land where drilling permits were recently received. Additional holes are planned to further test this target both along strike and down dip to the east.

Greg Hahn, Vice President of Exploration, states “We are excited to be drilling our Red Hill target. The hydrothermally altered flow dome and the underlying CSAMT anomaly just to the east have considerable dimensions. That combined with +100 metre mineralized intercepts on the western side of the target area provide ample encouragement for this program. Success in this drilling will have a significant impact on the potential size of the Philadelphia epithermal gold-silver system”.

Drill holes are expected to take 10-20 days each to complete.  Drilling will proceed on a 20 days on and 10 days off schedule, operating one 10-hour shift per day. Upon the completion of each hole, core will be transported to the ALS Laboratories sample preparation facility in Tucson, Arizona, where core will be photographed, sawed and sampled according to explicit instructions from the project geologist. Samples will be crushed, split, and pulverized at the ALS facility in Tucson and representative pulps will be sent to the ALS analytical facility in Vancouver for gold fire assay and multi-element ICP analyses which include silver. Unsampled sawed splits of core will be returned to the Company for further geologic evaluation and storage.

Qualified Person

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the technical information contained in this news release.

About Arizona Gold & Silver Inc.

Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques, the company aims to drive value for stakeholders while prioritizing environmental stewardship. The flagship asset is the Philadelphia gold-silver property where the Company is drilling off an epithermal gold-silver system ahead of an initial resource calculation.