Arizona Gold & Silver Inc. announced initial results of sampling a recently uncovered historic adit and RC drilling at the Philadelphia Gold-Silver property, Arizona. For historic reasons the mineralized gold system is generally reported using the patented claim names. Most of the historic mine workings are inaccessible.

Fortunately, in January the entrance to a 51.8 metre long adit (tunnel) was uncovered on the Rising Fawn claim that facilitated systematic channel sampling across the mineralized system. That sampling returned 30.5 metres (m) grading 2.33 grams per tonne (gpt) gold and 15.27 gpt silver. The zone extended from the entrance of the adit for 30.5 metres.

For safety reasons sampling excluded an unsafe 30m deep winze sunk on the high grade HW vein. The 30.5m interval is followed by 18.28m grading 0.59 gpt gold and 3.74 gpt silver. In total the adit intersected 48.78m grading 1.68 gpt gold and 10.95 gpt silver.

The true width of the mineralized interval is estimated at 44.21m. Currently there are no drill holes down dip of this adit. Several fences of drill holes are planned to test this zone down the dip of the mineral system.

A short adit nearby exposes the HW vein. Previous drilling did not test the Rising Fawn Gap that lies between the Rising Fawn portion of the mineral system and the Perry portion of the mineral system to the south. Three RC holes were drilled from one drill pad to test the down dip continuity of mineralization.

All three holes encountered gold-silver mineralization associated with stockwork (breccia) and within the overlying volcanics. The results suggest mineralization continues into the gap. Assay results are tabulated below.

Drill holes PRC24-130 and PRC24-131 were terminated prematurely above the FW vein due to high water influx issues. Assay results from sampling above the intercept reported from PRC24-131 are awaited. Resaca Gap Drilling Results.

Mr. Greg Hahn, VP Exploration commented, "Drilling at Philadelphia has two objectives: to build a bulk tonnage low grade heap leachable resource at grades +0.5 gpt gold, and to delineate high grade portions in the FW and HW veins that were the subject of historic mining. The channel sampling in the recently uncovered adit revealed what is likely the higher grade core of the Rising Fawn section of the mineral system, where the company have limited drill hole coverage. This higher grade area remains to be drilled".

Greg Hahn continued, " The drilling results in the Rising Fawn Gap demonstrate the gold-silver stockwork system continues towards the Perry portion of the Mineral system with further drilling required. The company intersected gold mineralization in the volcanics above the stockwork quartz interval which increases the total thickness of mineralization there. The next phase of drilling will be to test the Red Hills target, an opportunity to expand on the bulk tonnage intercepts drilled on patented claims in 2022.

beneath the hydrothermally altered Red Hills flow dome. The Company very recently received BLM approval for diamond drilling up to 40 holes from 2 new drill pads situated above the targeted gold system. Qualified Person.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2024 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies. the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; competition and loss of key employee employees; and the loss of key employees.