Arizona Gold & Silver Inc. · TSXV:AZS
Arizona Gold & Silver — Investor Presentation (January 2026)
27 slides from Arizona Gold & Silver's investor presentation, January 2026
Slide 1: Arizona Gold & Silver Inc. Corporate Presentation January 2026
A TSX-V: AZS | OTCQB: AZASF Arizona Gold & Silver Inc. CORPORATE PRESENTATION JANUARY 2026 www.arizonagoldsilver.com
Slide 2: Project Locations
> 4 2 DN sx-v-a25 | OTCQB: AZASF Proj ect Locations Arizona Gold & Silver’s flagship Philadelphia Project lies in Arizona’s Oatman Mining District, home of some 2.5 Moz gold in historic production. Philadelphia’s 3 km gold-silver system continues to deliver wide, high-grade results, including 60.37
Slide 3: Flagship Overview: Philadelphia Gold-Silver Project
B&B TSX-V: AZS | OTCQB: AZASF Flagship Overview Philadelphia Gold-Silver Project — Arizona, USA A high-grade gold and silver system with large-scale potential, 100% controlled by Arizona Gold & Silver Inc. * Gold mineralization linked to the regional Arabian Fault and adjacent flow dome * Strike len
Slide 4: Philadelphia property history
The Philadelphia property was discovered in the 1890s and mined through the early 1930s, producing about 40,000 ounces of gold from 80,000 tons of ore at a cut-off grade of $8.00/ton (0.4 opt Au). Ore was trucked eight miles to the Katherine Mill for processing until 1934, when a new state highway c
Slide 5: Philadelphia Property
€ Philadelphia Property Bullhead. City ===. Population: 43,302 ~ Home Depot, McDonalds, “= WalMart, Starbucks, and weg er oes y - Opt gold esa Oatman Mines |: 517,522 ounces - historic (historic) em«=** ; 0.978 Million tons at 0.22 * 1.87 Million tons t= opt gold == at 0.812 opt gold © (current Sab!
Slide 6: iN AZASF
iN TSX-V: AZS | OTCQB: AZASF
Slide 7: Drill Section Perry Zone
Drill Section Perry Zone High-grade depth extension and system expansion success Results from PC25-156, PC25-157, and PC25-158 confirm that the Perry system has evolved from a narrow vein-style target into a broad, structurally controlled gold-silver mineralized zone that increases in thickness and
Slide 8: Drill Section Perry Zone
Drill Section Perry Zone Drilling has generated multiple high-grade intercepts : © 9.04 gpt Au and 34.0 gpt Ag over 20.43 m ¢ 5.61 gpt Au and 29.2 gpt Ag over 38.72 m, including: 45.60 gpt Au and 54.9 gpt Ag over 1.19 m 14.5 g/t Au over 1.52 m within 4.24 g/t over 22.26 m 11.5 gpt Au over 1.59 m and
Slide 9: Perry Vein Long Section
ARIZONA GOLD & SILVER INC. Philadelphia Project ts Perry Vein Long Section r Au (gpt) x True Thickness (m) sig Section isin the plana of the vain, en 24E 160 to-70:SE 4 i THEE Legend On Hole Pierce Point Tp) Antzona BRET Phitadelptea Project ve : 458 any VervLang Sesion ‘pc2s.1s6 stg tne tress) |: :
Slide 10: Perry Vein Long Section Drill Hole Index
Legend <i. IBOMMI Hoe Preroe Point... . ARSON Philadelphia Project, Perry Ven Long Secton Drill Hole index iT ARIZONA GOLD & SILVER INC. Philadelphia Project Perry Vein Long Section Drill Hole Index 10 ° Drilling pending
Slide 11: Permitting for Exploration Expansion
Permitting for Exploration E pansion” LY) Sk IP Fee
Slide 12: Bulk Tonnage Conceptual Model
12 Bulk Tonnage Conceptual Model Boiling Zone Beneath Rhyolite Flow Dome a ~ Argillic Alteration from USGS ASTER Survey 1 Interpreted location of drill holes to date BLM drill holes Schematic flow dome complex jasement
Slide 13: Importance of the Boiling Zone in the Oatman District Mines
= 13 IN TSX-V: AZS | OTCQB: AZASF zs, _ United Eastern Orebody Importance of the Boil ss[dieeers Oatman, Arizona 1 Soman OTe Section ing Zone in the a a Oatman District Mines 4 ft. 0.03 opt Au ~ Approximate level of Philadelphia intercepts “The upper section of the vein assayed less than 1 g/t over
Slide 14: Model for Eu System: Silicon Deposit Nevada
14 IN TSX-V: AZS | OTCQB: AZASF Model for eu System: Silicon Deposit Nevada +4 Million Ounces of Gold ow Size of section drilled to date at Philadelphia Current drilling has only scratched the surface of a much larger system www.arizonagoldsilver.com = : Image source: Orogen Royalties
Slide 15: Greater Philadelphia Project Area
Greater Philadelphia Project Area USGS Aster Hyperspectral Data Reflects Exploration Potential hi Large areas of alteration need exploration Current drilling 1S
Slide 16: Merlin Deposit and Philadelphia East ASTER Data
Merlin Deposit and Philadelphia East ASTER Data A ASTER ANOMALY Merlin deposit & 12.1MM oz Au Silicon No gold deposit sm anomaly at 4.2MM oz Au surface Philadelphia ASTER Anomalies are comparable in size to +13 million ounce combined gold resources of Silicon and Merlin, which are AngloGold Ashanti
Slide 17: Eastern Hyperspectral Anomaly
BR TSX-V: AZS | OTCQB: AZASF Eastern Hyperspectral Anomaly Proposed CSAMT Survey Fall 2025 Powerline corridors Wilderness area 7
Slide 18: IN AZASF
IN TSX-V: AZS | OTCQB: AZASF q Stream a L Sediment ae *A Grains at i oar NE Target Gold Grain ~ 150 microns across Indications there is a gold-bearing epithermal system present Cinnabar ~ 250 microns across
Slide 19: Column Leach Test Results
Column Leach Test Results : HPGR Crushing Exceeding Conventional by ~ ~15% 4 ‘X NX Philadelphia Gold Project NN The column tests demonstrate good heap leach recoveries from low grade material AHPGR - Bulk Material (REC A, B & C) (101156) XHP (REC A,B & C) (101159)
Slide 20: High Gold Recoveries
High Gold Recoveries : baht Zee by Bottle Roll Testing < Figure 4. - Gold Leach Rate Profiles, Figure 8. - Gold Leach Rate Profiles, Bottle Roll Tests, Philadelphia RFA Bulk Sample Bottle Roll Tests, Philadelphia RFB Bulk Sample 100 90 80 % of total g 3 4 g 8 8 4 a g Cumulative Au Rect nR 9 = 120 7
Slide 21: Bulk Tonnage Target Along Arabian Fault
IN TSX-V: AZS | OTCQB: AZASF Philadelphia Project. Bulk Tonnage Target Along Arabian Fault be YI Size and Potential 4 4a Bulk Tonnage Target Size \ +1000 meters long 400-500 meters wide 40-80 meters thick 2.5 tonnes per cubic foot +40 million - 100 million tonnes 4 Target Grade WP Ce 5g /t Au * 7g/t
Slide 22: High-Grade Vein Target
High-Grade Vein Target Size and Potential The target mineralized zone extends for over 1,000 metres in length and spans approximately 400 - 500 metres in width. It has an estimated average thickness of 3 metres and a tonnage factor of 2.5. The estimated tonnage ranges from +3 - 4 million tonnes. The
Slide 23: Share Structure and Distribution
23 IN TSX-V: AZS | OTCQB: AZASF Share Structure ~<e* and Distribution Institutional : 6.9% Share Price $1.05 Shares Issued & Outstanding 108,259,363 Warrants Outstanding 27,697,410 ee Options Outstanding 9,921,481 Fully Diluted 145,878,254 6.3% (as of January 2026) Insiders & Advisors 23% www.arizon
Slide 24: Management and Directors
Management and Directors Jim Engdahl - Chairman of the Board Brings over four decades of mining, engineering, and corporate finance experience. Former CEO of Procon Mining and Tunneling, with senior roles at Bechtel, SNC-Lavalin, Kilborn, and MNP; P.Eng., ICD.D. Greg Hahn - Vice Chair of the Board C
Slide 25: Advisors
25 Advisors Yale Simpson More than 30 years’ experience as a senior geologist, exploration manager and CEO of companies with projects internationally. Former companies include Pennzoil Company, Chevron Exploration, Australmin Holdings, Argosy Gold Mines and Black Swan Gold Mines Ltd. Formerly Co-cha
Slide 26: Final Thoughts: Adding Critical Mineral Exposure
LA. TSX-V: AZS | OTCQB: AZASE Final Thoughts _ : Adding Critical Mineral Exposure to a High-Grade Gold Story Silverton project in Nevada Surface chip samples have returned antimony grades up to 7.95% Sb, supporting historical data from Newcrest and highlighting the strength of the high-grade stibnit
Slide 27: Disclaimer
Disclaimer : ; Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements regarding future events and Arizona Silver’s future results that are subject to the safe harbors created under the Securities Act of 1933 (the “Securities Act”) and the Securitie
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