Highlights:

Highest grades of gold, silver, and beryllium encountered to date in hole PC20-37, as follows:

• 33.56 grams/tonne Au and 54.7 gpt Ag over 2.35 metres, within a thicker interval of 10.76 metres containing 9.26 gpt Au , 79.8 gpt Ag, and 344 gpt Be beginning at a depth of 27.96 metres.
• All five of the other core holes from the initial 2020 drilling program returned excellent gold and silver and beryllium values in the target vein adjacent to and down-dip from previously announced high-grade gold-silver drill results on the Philadelphia vein.
• 13.3 grams/tonne Au and 179 gpt Ag over 1.5 metres, within a thicker interval of 9.3 metres containing 3.3 gpt Au and 80.7 gpt Ag, beginning at a depth of 2.9 metres immediately below alluvium.
• 11.7 grams/tonne Au and 212 gpt Ag over 0.76 metres, within a thicker interval of 5.6 metres containing 3.5 gpt Au and 173 gpt Ag, beginning at a depth of 26.9 metres.
• A follow-up drilling program is planned to continue to pursue the vein along strike and down dip of the intercepts encountered to date.

Arizona Silver Exploration Inc. (TSX-V: AZS) (OTCQB: AZASF)  is pleased to report continuing high-grade gold and silver assay results from its recently completed core drilling program on the Company’s Philadelphia gold-silver project located in Mohave County, Arizona. The exploration work is focused on the northern strike extension from old high-grade underground mine production during the first half of the 20^th century where high-grade drill hole intercepts were reported recently (September 02, 2020).

All six core holes reported here hit the primary vein target either along strike or down dip from the previous high-grade intercepts.

Arizona Silver’s Vice President – Exploration, Greg Hahn, commented, “We are excited that these results demonstrate the gold and silver grades and thicknesses encountered historically to the south of this drilling grogram continue to the north and remain wide open both along strike and down-dip. We will continue to pursue this high-grade vein with more core drilling to further identify grade and thickness within the plane of the vein.”

Summary Table of Core Drill Results

QA/QC Program for the 2019 Exploration Work

All assaying was conducted by ALS Global, an independent analytical laboratory. Core boxes were delivered to the ALS sample preparation facility in Tucson, Arizona, where the core is catalogued, photographed, sawed, and crushed and pulverized.  Pulverized splits are sent to the ALS analytical facility in Vancouver, British Columbia for analyses. All material handling is done under a strict chain of custody protocol.  Gold is determined by fire assay with an AA finish and silver and beryllium are determined by ICP-MS methods within a 31-element suite.

The Company maintains its own program of inserting Standard Reference material in the form of standards and blanks to the sampling stream, prior to being shipped to ALS’s preparation facility in Tucson, Arizona, in addition to the independent QA/QC protocols of ALS Global.

Qualified Person

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

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring underexplored gold-silver properties in western Arizona and now Nevada. The Company plans to continue to drill test the Ramsey Silver Mine property located a short distance east of Quartzsite, Arizona. The Company has recently received a positive Record of Decision on its Notice of Intent to drill an initial eight exploration holes on its recently acquired Silverton gold-silver property with carlin-type targets.