Business Wire | Jul 26, 2021 05:00AM EDT

Arizona Metals Corp Announces Kay Mine Drilling intersects 54 m grading 1.9% Cu, 2.9 g/t Au, 5.0% Zn, and 29 g/t Ag, and 97 m grading 1.3 % Cu, 1.6 g/t Au, 3.2% Zn, and 32 g/t Ag, and also 103 m grading 0.8% Cu, 1.1 g/t Au, 1.9% Zn, and 36 g/t Ag

Jul. 26, 2021

TORONTO--(BUSINESS WIRE)--Jul. 26, 2021--Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) (the "Company" or "Arizona Metals") is pleased to announce the results of an additional four drill holes at the recently discovered gold-rich zone of open-ended mineralization at the Kay Mine, in an area previously untested by historic drilling or exploration.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210726005247/en/

Figure 1. Section view looking north. See Tables 1 and 2 for additional details. The true width of mineralization is estimated to be 50% to 97% of reported core width, with an average of 80%.(Graphic: Business Wire)

Branch Hole 27B intersected 97 m at a grade of 1.3% Cu, 1.6 g/t Au, 3.2% Zn, and 32 g/t Ag, including higher-grade intervals of 15 m grading 5.0% Cu, 0.4 g/t Au, 0.4% Zn, and 19 g/t Ag, as well as 21 m grading 4.6 g/t Au, 9.0% Zn, 0.9% Cu, and 82 g/t Ag. This hole is the deepest drilled to date by Arizona Metals Corp, and extends the new gold-zinc discovery zone by 20%, to a depth of 750 metres.

Branch Hole 27A intersected 103 m at a grade of 0.8% Cu, 1.1 g/t Au, 1.9% Zn, and 36 g/t Ag, including higher grade intervals of 21 m grading 3.2% Cu, 1.4 g/t Au, 1.3% Zn, and 19 g/t Ag, as well as 18 m grading 0.7% Cu, 2.7 g/t Au, 4.7% Zn, and 92 g/t Ag.

Hole 28, which was drilled to test for vertical continuity of high-grade zones between holes 25 and 24, intersected 54 m at a grade of 1.9% Cu, 2.9 g/t Au, 5.0% Zn, and 29 g/t Ag, from a vertical depth of 585 m below surface. Hole 28 includes three separate higher-grade intervals of 11.4 m grading 4.3 g/t Au, 9.3% Zn, 0.5% Cu and 32 g/t Ag, as well as 7.9 m grading 4.4% Cu, 9.5 g/t Au, 10.3% Zn, and 93 g/t Ag, and also 2.2 m grading 16.1% Cu, 0.8 g/t Au, and 56 g/t Ag.

Hole 27 was drilled as a trunk hole at the northern edge of the new discovery zone, and intersected 31.4 m grading 1.6% Cu, 0.2 g/t Au, 0.7% Zn and 9.0 g/t Ag, and 26 m further downhole, intersected 13 m grading 2.9% Cu, 0.5 g/t Au, 0.2% Zn, and 8.4 g/t Ag.

These newly defined, wide, high-grade intervals demonstrate the potential to add a significant tonnage of gold-zinc mineralization outside of the historic resource.

Marc Pais, CEO, commented "The four drill holes released today validate and extend the new gold-rich zinc zone discovery, with broad intervals of mineralization in the discovery zone ranging from 54 m to 103 m, and true widths estimated at an average of 80%. Hole 27 demonstrates that mineralization extends at least 100 m deeper than reported by previous operators. Holes 27A and 27B have encountered excellent grades and thicknesses, as good or better than those reported in the discovery holes, while also demonstrating the potential for the discovery zone to both extend at depth and increase on strike as it deepens. The first few holes drilled in the discovery zone were on a large step-out spacing of 100 m to 150 m. Subsequent branch holes to infill between these holes are demonstrating excellent vertical continuity, as well as lateral extension of mineralization on strike to both the north and south. Of particular note is hole 28 (located at the vertical mid-point of holes 24 and 25), which intersected 54m of mineralization, including significant intervals of higher grade within. This hole is the widest zone of high-grade drilled at the project to date, and demonstrates excellent continuity of both grade and thickness with the holes above and below. Today's results have increased the vertical extent of the discovery zone (now defined from hole 21A to 27) to approximately 400 m. Drill holes are currently underway to test for further extensions by testing 200 m above hole 21A and also 200 m below hole 27. With the recently completed financing of $21 million, the Company is fully-funded to complete the 75,000 metre Phase 2 expansion program."

Covid-19 Monitoring and Mitigation Procedures

The Company's drill contractor, Boart Longyear, has instituted Covid-19 monitoring procedures for all drill crew members, including daily temperature and symptom checks. Arizona Metals Corp will be provided with daily health tracking updates for the drill crews and has also instituted its own social distancing policies and provided a guidance manual for employees at site.

Table 1. Results of Phase 2 Drill Program at Kay Mine, Yavapai County, Arizona. The true width of mineralization is estimated to be 50% to 97% of reported core width, with an average of 80%.

Arizona Metals Kay Mine Drill Analyzed GradeIntercepts VerticalHole ID From m To m Length m Cu % Au g/t Zn % Ag g/t Pb % Depth Below Surface mKM-21-17 429.5 449.9 20.4 1.81 1.10 1.20 21.2 0.17 300

including 429.5 434.0 4.6 4.61 1.73 1.91 29.1 0.24

including 432.7 434.0 1.4 0.52 6.81 8.29 40.0 1.10

KM-21-17 504.4 505.4 0.9 1.19 4.73 0.05 9.0 0.00 356

KM-21-18 404.3 429.8 25.5 0.35 0.86 1.71 15.8 0.23 255

including 408.6 410.6 2.0 0.50 2.22 7.25 64.4 0.82

including 424.9 427.3 2.4 1.60 2.59 3.16 18.0 0.52

KM-21-18A 391.4 423.8 32.5 1.09 0.62 1.25 17.6 0.15 233

including 393.3 395.8 2.4 9.57 2.83 2.72 40.9 0.28

KM-21-19 377.8 378.3 0.5 3.39 5.59 6.83 128.0 0.63 337

KM-21-20 442.7 443.6 0.9 2.56 0.52 3.52 18.5 0.14 362

KM-21-20 456.0 458.1 2.1 1.49 0.35 0.14 6.0 0.04 370

KM-21-21 452.6 495.5 42.8 0.80 0.78 1.52 15.1 0.15 362

including 488.7 493.5 4.8 0.26 2.50 6.13 27.6 0.54

KM-21-21A 422.0 431.4 9.4 1.17 0.57 2.25 8.6 0.36 362

KM-21-21A 439.1 502.1 63.0 0.45 1.28 3.14 58.8 0.77 366

including 465.0 481.9 16.9 0.52 2.45 4.05 80.9 0.99

KM-21-23 394.4 401.4 7.0 0.36 0.93 1.94 13.5 1.17 313

KM-21-23 438.6 459.2 20.6 0.17 1.18 1.93 27.8 0.37 336

KM-21-24 501.2 592.1 90.8 0.45 1.33 3.42 44.3 0.41 470

including 501.2 521.7 20.4 1.34 1.70 6.35 113.1 0.66

including 520.9 521.7 0.8 1.75 16.50 9.55 574.0 1.22

including 575.9 592.1 16.2 0.16 2.50 6.00 44.4 0.79

including 588.7 590.4 1.7 0.47 9.98 23.70 18.2 0.13

KM-21-25 662.6 741.3 78.6 1.41 2.33 2.79 43.4 0.35 638

including 663.2 672.7 9.4 8.06 1.84 1.31 92.3 0.15

including 693.0 703.9 11.0 0.68 6.28 10.40 99.7 1.17

KM-21-25A 654.7 719.9 65.2 1.04 1.94 2.15 18.8 0.18 624

including 655.5 662.8 7.3 3.66 2.09 1.85 30.2 0.21

including 710.8 716.9 6.1 2.72 7.95 3.73 37.4 0.31

KM-21-25B 647.2 648.9 1.7 0.13 0.58 2.41 62.1 0.64 610

KM-21-25B 655.6 659.9 4.3 0.93 0.91 0.91 25.3 0.19 615

KM-21-25B 666.0 667.8 1.8 0.60 0.72 2.98 33.5 0.43 620

KM-21-25B 673.3 674.7 1.4 0.08 2.10 2.39 23.0 0.33 628

KM-21-25B 681.2 682.6 1.4 0.09 1.54 2.98 11.0 0.35 631

KM-21-26 506.7 582.8 76.0 0.79 1.61 4.23 32.6 0.54 480

including 511.1 526.1 14.9 0.73 1.78 9.68 43.3 0.77

including 573.8 582.8 9.0 4.02 6.06 3.32 18.2 0.19

KM-21-27 706.8 738.2 31.4 1.58 0.16 0.69 9.0 0.06 670

KM-21-27 764.4 777.4 13.0 2.85 0.48 0.17 8.4 0.02 688

KM-21-27A 666.3 769.4 103.1 0.79 1.06 1.90 35.8 0.42 678

including 666.3 687.0 20.7 3.21 1.39 1.26 19.4 0.20

including 706.4 724.6 18.3 0.69 2.69 4.70 92.2 1.21

including 752.9 763.8 11.0 0.07 1.07 4.68 95.3 0.98

KM-21-27B 665.8 762.9 97.1 1.31 1.62 3.21 31.7 0.40 660

including 702.0 723.0 21.0 0.87 4.56 9.03 81.5 1.10

including 723.0 738.2 15.2 4.97 0.36 0.42 18.7 0.05

KM-21-28 640.7 694.9 54.3 1.87 2.85 5.03 29.4 0.70 584

including 660.2 671.6 11.4 0.54 4.29 9.30 32.2 1.17

including 681.1 689.0 7.9 4.39 9.47 10.34 93.1 2.41

including 690.4 692.6 2.2 16.06 0.82 0.06 55.8 0.01

Table 2. Results of Phase 1 Drill Program at Kay Mine, Yavapai County, Arizona. The true width of mineralization is estimated to be 50% to 97% of reported core width, with an average of 80%.

Arizona Metals Kay Mine Drill Analyzed GradeIntercepts VerticalHole ID From m To m Length m Cu % Au g/t Zn % Ag g/t Pb % Depth Below Surface mKM-20-01 275.8 281.5 5.6 0.57 0.48 1.20 11.6 0.18 156

including 275.8 276.5 0.6 0.50 1.22 5.04 32.0 0.73

including 279.8 281.5 1.6 1.21 0.98 1.49 22.6 0.23

KM-20-02 297.8 300.8 3.0 0.77 0.20 0.04 1.4 0.01 172

KM-20-03 256.3 259.1 2.7 3.40 1.01 0.65 69.6 0.09 120

including 256.3 257.3 0.9 7.42 1.79 1.11 56.0 0.17

KM-20-03 292.2 292.6 0.5 2.43 0.19 0.15 2.0 0.04 152

KM-20-03 295.4 295.8 0.5 1.35 0.80 0.91 6.0 0.06 154

KM-20-03A 252.4 256.9 4.6 3.70 2.55 0.27 35.6 0.03 122

including 252.4 253.1 0.8 9.74 6.34 0.40 164.0 0.11

KM-20-05 266.6 269.0 2.4 6.47 1.94 0.57 43.3 0.14 150

including 266.6 267.8 1.2 10.60 2.21 1.05 50.0 0.26

KM-20-06 267.9 281.5 13.5 1.02 0.85 1.23 45.6 0.30 158

including 267.9 268.4 0.5 1.54 2.20 6.10 31.0 0.81

including 276.6 281.5 4.9 1.86 0.87 1.96 92.1 0.42

including 280.0 281.0 1.1 3.22 1.03 0.64 340.0 0.04

KM-20-09 588.1 588.4 0.3 0.91 1.74 1.86 15.0 0.40

KM-20-09 613.4 614.1 0.7 0.90 1.81 1.04 10.0 0.08

KM-20-09 614.6 614.9 0.3 2.64 0.36 0.98 19.0 0.10

KM-20-09 632.8 638.9 6.1 0.12 4.18 8.02 41.7 0.82 575

including 633.6 637.9 4.4 0.15 5.46 9.06 33.1 0.50

including 636.9 637.9 1.1 0.17 9.77 14.65 68.0 0.78

KM-20-10 563.6 568.5 4.9 2.39 2.16 3.27 24.9 0.31 490

including 563.6 566.6 3.0 3.66 2.42 3.16 28.2 0.32

including 567.2 568.5 1.2 0.33 2.52 5.10 28.4 0.43

KM-20-10 574.2 574.9 0.6 0.12 4.33 11.30 113.0 0.16 498

KM-20-10 577.7 579.3 1.6 0.03 0.70 4.38 45.9 0.68 500

KM-20-10 582.3 583.1 0.8 0.03 0.42 2.90 51.0 1.07 502

KM-20-10A 521.2 522.5 1.3 2.13 1.27 7.46 51.1 0.91 437

KM-20-10A 527.9 538.6 10.7 1.32 1.66 2.58 27.2 0.30 442

including 527.9 529.4 1.5 6.69 0.92 1.62 30.2 0.07

including 532.2 535.3 3.1 0.72 1.75 2.99 34.3 0.42

including 537.2 538.6 1.4 0.16 7.29 9.06 79.2 0.60

KM-20-10B 503.0 530.7 27.6 0.87 0.97 1.76 21.3 0.32 423

including 503.0 509.6 6.6 1.78 1.55 2.55 29.8 0.37

including 513.9 518.3 4.4 1.08 1.89 4.05 47.4 0.68

including 527.2 530.7 3.5 1.91 2.32 3.93 52.9 0.99

KM-20-10C 523.9 530.7 6.8 0.58 3.32 5.84 102.0 1.15 422

including 523.9 528.2 4.3 0.88 4.89 7.61 125.2 1.45

including 525.6 526.4 0.8 0.52 16.65 21.40 214.0 2.76

KM-20-11 554.1 556.9 2.7 4.14 2.83 3.56 70.0 0.28 490

KM-20-12 371.9 376.7 4.9 3.99 0.37 0.62 12.4 0.07 318

including 371.9 373.7 1.9 8.49 0.67 1.53 28.0 0.16

KM-20-12 379.5 405.4 25.9 0.73 0.08 0.08 2.3 0.01 326

KM-20-13 443.6 486.8 43.1 1.68 1.26 1.67 23.3 0.24 341

including 444.4 459.6 15.2 3.42 1.80 2.36 38.5 0.39

including 444.4 447.1 2.7 1.02 3.74 10.64 55.0 1.88

including 451.4 455.8 4.4 8.41 1.18 0.16 65.3 0.02

KM-20-14 421.7 461.6 39.9 1.47 1.00 1.67 18.4 0.19 314

including 426.3 429.8 3.5 9.56 1.28 0.95 30.0 0.07

including 457.2 460.7 3.5 0.36 2.58 8.33 26.3 0.38

KM-20-14A 404.6 409.0 4.4 1.67 1.48 2.50 79.2 0.41 303

including 404.6 406.4 1.7 4.08 2.46 5.02 173.6 0.53

KM-20-14A 421.0 443.5 22.5 0.86 0.72 1.51 15.9 0.18 312

including 421.0 421.8 0.8 9.81 2.91 1.69 45.0 0.19

including 421.0 425.0 4.1 3.23 1.14 1.30 21.4 0.14

KM-20-15 506.8 510.1 3.3 0.05 0.33 3.73 192.0 1.75 402

KM-20-16 480.4 518.8 38.4 0.85 0.81 2.24 24.3 0.25 385

including 480.4 492.9 12.5 1.63 1.98 4.23 48.5 0.50

including 480.4 483.4 3.0 2.40 4.74 7.49 77.9 0.91

including 489.8 492.9 3.0 3.61 2.59 6.90 100.7 0.92

Table 3. Locations of Phase 1 and 2 Program drill holes completed and in progress at Kay Mine, Arizona

Phase Drill Collar Collar Collar Collar Collar TotalHole ID Pad Zone East WGS84 North Elev m Az Dip Depth m WGS84KM-20-01 1 Pad 1 North 392684 3769388 643 78 -48 335

KM-20-02 1 Pad 1 North 392684 3769388 643 75 -50 304

KM-20-03 1 Pad 1 North 392684 3769388 643 72 -43.3 366

KM-20-03A 1 Pad 1 North 392684 3769388 643 72 -43.3 321

KM-20-04 1 Pad 1 North 392684 3769388 643 65.1 -47.5 354

KM-20-05 1 Pad 1 North 392684 3769388 643 73.3 -47.2 349

KM-20-06 1 Pad 1 North 392684 3769388 643 81.3 -48.3 317

KM-20-07 1 Pad 1 North 392684 3769388 643 85.6 -47.6 308

KM-20-08 1 Pad 2 South 392638 3769266 653 91.1 -77.1 36

KM-20-09 1 Pad 2 South 392638 3769266 653 92.1 -77 671

KM-20-10 1 Pad 2 South 392638 3769266 653 96.3 -72.2 645

KM-20-10A 1 Pad 2 South 392638 3769266 653 96.3 -72.2 600

KM-20-10B 1 Pad 2 South 392638 3769266 653 96.3 -72.2 555

KM-20-10C 1 Pad 2 South 392638 3769266 653 96.3 -72.2 560

KM-20-11 1 Pad 3 North 392552 3769328 638 57.3 -67.5 653

KM-20-12 1 Pad 1 North 392684 3769388 643 95.7 -70.8 583

KM-20-13 1 Pad 1 South 392684 3769388 643 124 -66.5 524

KM-20-14 1 Pad 1 South 392684 3769388 643 133.6 -66 550

KM-20-14A 1 Pad 1 South 392684 3769388 643 133.6 -66 549

KM-20-15 1 Pad 2 South 392638 3769266 653 106.7 -66.8 572

KM-20-16 1 Pad 2 South 392638 3769266 653 91.5 -68.9 581

KM-21-17 2 Pad 2 South 392638 3769266 653 90.5 -59.5 892

KM-21-18 2 Pad 2 South 392638 3769266 653 89.8 -55 518

KM-21-18A 2 Pad 2 South 392638 3769266 653 89.8 -55 472

KM-21-19 2 Pad 1 North 392684 3769388 643 59.3 -69.5 482

KM-21-20 2 Pad 2 North 392638 3769266 653 53.7 -67.3 553

KM-21-21 2 Pad 1 South 392684 3769388 643 126 -70 561

KM-21-21A 2 Pad 1 South 392684 3769388 643 126 -70 556

KM-21-22 2 Pad 3 Grav 392552 3769328 638 33 -63 725

KM-21-22A 2 Pad 3 Grav 392552 3769328 638 33 -63 694

KM-21-23 2 Pad 1 South 392684 3769388 643 114.2 -66.3 528

KM-21-24 2 Pad 1 South 392684 3769388 643 119 -75.1 623

KM-21-25 2 Pad 3 South 392552 3769328 638 80 -77.4 775

KM-21-25A 2 Pad 3 South 392552 3769328 638 80 -77.4 746

KM-21-25B 2 Pad 3 South 392552 3769328 638 80 -77.4 738

KM-21-26 2 Pad 1 South 392684 3769388 643 118.2 -79.3 616

KM-21-27 2 Pad 1 South 392684 3769388 643 90.4 -86.7 859

KM-21-27A 2 Pad 1 South 392684 3769388 643 90.4 -86.7 817

KM-21-27B 2 Pad 1 South 392684 3769388 643 90.4 -86.7 823

KM-21-28 2 Pad 3 South 392552 3769328 638 86.7 -70.5 774

KM-21-29 2 Pad 1 South 392684 3769388 643 108.5 -54 489

About Arizona Metals Corp

Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver." The historic estimate at the Kay Mine was reported by Exxon Minerals in 1982. 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" (as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) before the historic estimate can be verified and upgraded to be 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.

The Kay Mine 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 Company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf 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, 1983, Westworld Resources).

The historic estimate at the Sugarloaf Peak Property 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.

Qualified Person and Quality Assurance/Quality Control

All of Arizona Metals' drill sample assay results have been independently monitored through a quality assurance/quality control ("QA/QC") protocol which includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals' core handling facilities located in Anthem and Black Canyon City, Arizona. Drill core was diamond sawn on site and half drill-core samples were securely transported to ALS Laboratories' ("ALS") sample preparation facility in Tucson, Arizona. Sample pulps were sent to ALS's labs in Vancouver, Canada, for analysis.

Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method

Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively.

ALS Laboratories is independent of Arizona Metals Corp. and its Vancouver facility is ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the accuracy and integrity of results. Parameters for ALS' internal and Arizona Metals' external blind quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.

The qualified person who reviewed and approved the technical disclosure in this release is David Smith, CPG, a qualified person as defined in National Instrument43-101-Standards of Disclosure for Mineral Projects. Mr. Smith supervised the preparation of the scientific and technical information that forms the basis for this news release and has reviewed and approved the disclosure herein. Mr. Smith is the Vice-President, Exploration of the Company. Mr. Smith supervised the drill program and verified the data disclosed, including sampling, analytical and QA/QC data, underlying the technical information in this news release, including reviewing the reports of ALS, methodologies, results, and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.

Disclaimer

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding drill results and future drilling and assays, the resumption of drilling and the effects of the COVID-19 pandemic on the business and operations of the Company. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.

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CONTACT: Marc Pais President and CEO Arizona Metals Corp. (416) 565-7689 mpais@arizonametalscorp.com www.arizonametalscorp.com https://twitter.com/ArizonaCorp