Arizona Gold & Silver Inc V.AZS

Drill holes continue to find good grades.

[STEELE2]

2022 Drill Program – First 5 Drill Hole Results

Section 1 – Holes PC22-86 through PC22-88 and PC22-91

Results demonstrate the continuation of the high-grade upper (“hanging wall”) vein down-dip from the previously reported reverse circulation (RC) drill holes. Similarly the stockwork mineralization below (footwall) to the HW vein continues.  Results are reported below.

PC22-86

• High grade HW vein: 32.90 gpt gold, 97 gpt silver from 85.73-86.71 metres (0.98 m), within
• High Grade Interval: 10.81 gpt gold, 41.41 gpt silver from 82.32-86.71 metres (4.39 m), within
• Total Mineralized Zone: 1.31 gpt gold, 7.29 gpt silver from 68.29-118.29 metres (50.0m)

PC22-87

• High Grade HW Vein: 16.25 gpt gold, 66.6 gpt silver from 99.39-100.37 metres (0.98 m), within
• High Grade Interval: 6.02 gpt gold, 28.2 gpt silver from 96.49-100.37 metres (3.87 m), within
• Total Mineralized Zone: 1.01 gpt gold, 6.5 gpt silver from 92.35-133.23 metres (40.9 m)

PC22-88

• High Grade HW vein:  17.35 gpt gold, 46.6 gpt silver from 120.64-121.37 metres, (0.73 m), within
• High Grade Interval: 8.7 gpt gold, 21.46 gpt silver from 119.36-121.37 metres (2.01 m), within
• Total Mineralized Zone: 1.14 gpt gold, 4.97 gpt silver from 113.11-161.61 metres (48.5 m)

PC22-89 (shallower hole)

• High Grade HW Vein : 72.59 to 73.54 metres (0.95m) at 11.20 gpt gold, 27.88 gpt silver, within
• Total Mineralized Zone: 60.67 to 81.71 metres (21.04m), 0.97gpt gold, 1.33 gpt silver

PC22-90 (deeper hole)

• High grade (hanging wall) vein: 93.84 to 96.10 metres downhole depth (2.26m) at 11.81 gpt gold, 39.31 gpt silver, within
• High Grade Vein Interval: 91.68 to 99.70 metres (8.02m) at 7.50 gpt gold, 29.07 gpt silver, within
  Total Mineralized Zone: 82.41 to 113.41 metres (31.01m) at 2.38 gpt gold, 10.58 gpt silver

PC22-91

• 78.7 Metres At 1.0 Gpt Gold, 9.2 Gpt Silver in Stockwork System Including 2.38 Metres At 6.7 Gpt Gold And 22.6 Gpt Silver
• Hole PC22-91 was drilled from the same pad as the holes reported above to test the down-dip continuation of the mineralization encountered in PC22-88. The hole was drilled after the two holes were completed on the Shark Fin target.
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