• Arizona Metals commenced Phase 3 expansion drill program at its flagship copper-gold-zinc-silver Kay Mine Project; only 3% of the prospectively mineralized horizon has been drill tested and this Phase of drilling will focus on making new discoveries
• Surrounded by high-grade historic past-producing VMS mines, Kay Mine also boasts potential for scale; the mine was practically abandoned for 40 years until Arizona Metals acquired it in 2019
• With $58 million in cash, company appears well funded to execute on its plans to spend $32 million on the Kay Mine Phase 3 exploration program over the next 12 to 18 months

Arizona Metals (TSX: AMC) (OTCQX: AZMCF), a mineral exploration company focused on advancing precious and base metal deposits, has commenced its Phase 3 expansion drill program in the flagship Kay Mine Project (https://ibn.fm/jXf2I). The company operates two wholly owned projects in Arizona, the state known as the largest U.S. copper producer. The current focus is its flagship Kay Mine Project, a copper-gold-zinc-silver asset located in Yavapai County on a combination of private land and BLM claims. Around 99% of Arizona Metals’ budget goes towards this high-grade volcanogenic massive sulfide (“VMS”) deposit located an hour north of Phoenix, in the heart of Arizona Copper Country.

The company also operates another asset – the Sugarloaf Peak gold project in La Paz County, a heap leach open pit mine located 2 hours from Phoenix. Although the secondary asset is not the focus at the moment, the company sees potential in this mine but expects to spin it out into a new company in a…

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NOTE TO INVESTORS: The latest news and updates relating to AZMCF are available in the company’s newsroom at https://ibn.fm/AZMCF

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