Arizona Gold & Silver Inc. · TSXV:AZS
Arizona Gold & Silver — Investor Presentation (December 2025)
27 slides from Arizona Gold & Silver's investor presentation, December 2025
Slide 1: Arizona Gold & Silver Inc. Corporate Presentation December 2025
A TSX-V: AZS | OTCQB: AZASF Arizona Gold & Silver Inc. CORPORATE PRESENTATION DECEMBER 2025 www.arizonagoldsilver.com
Slide 2: Project Locations
> 4 iN TSX-V: AZS | OTCQB: AZASF www.arizonagoldsilver.com Project 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 high-grade result
Slide 3: Flagship Overview: Philadelphia Gold-Silver Project
AN 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 leng
Slide 4: Philadelphia project history and exploration
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 area map and nearby historic resources
32.5Million’tons at O. we Te ee Bullhead. City = “(Total eS?) 9 : : =. Population: 43,302 - o ~ ~< 2 Home Depot, McDonalds, == sO Mai ma at WalMart, Starbucks, and more F : Gold ant Mine (C&M) zoe. al al : “se 1.5> Million “tons at 0.342 “Le erie : opt gold ees as & 517,522 ounces. historic (histori
Slide 6: Bulk tonnage stockwork zone
NN TSX-V: AZS | OTCQB: AZASF 02 Bulk tonnage stock rk zone nto vein system , Undrilled € 03 vnariiea stem on east end never tested
Slide 7: Drill Section Perry Vein
Drill Section Perry Vein High-grade depth extension success PC25-156 results confirm that the Perry Vein system, a large and thick Au-Ag vein- style deposit, increases in thickness and grade with depth; * 9.04 gpt Au and 34.0 gpt Ag over 20.43 m from 320.73 m depth hosted within e 5.61 gpt Au and 29
Slide 8: Drill Section Perry Vein
Drill Section Perry Vein 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
me aa ioe aa ae ae Philadelphia Project “6 82 Pc25.156 Perry Vein Long Section 9. 157 ‘ARIZONA GOLD & SILVER INC. roy 158 Next fence of holes °.- B 12.81
Slide 10: Perry Vein Long Section Drill Hole Index
10 ee ee ae = ARIZONA GOLD & SILVER INC. : : : : Philadelphia Project cathixennentensensetimernsetionere Perry Vein Long Section Drill Hole Index cm Lofig Sectién is in the plane ‘of the vd 6 750 716 78 eo nen ° Drilling pending
Slide 11: www.arizonagoldsilver.com
www.arizonagoldsilver.com
Slide 12: Bulk Tonnage Conceptual Model
12 __ Bulk Tonnage Conceptual Model Boiling Zone Beneath Rhyolite Flow Dome cr > Argillic Alteration from USGS ASTER Survey Interpreted location of drill holes to = Philadelphia Vein BEY Formic ties = FAA Rhye o wtavaES lenimteitc = RY tall HEBBB seis anic conduit tacies BEBE) Hreccia'welded breccia
Slide 13: United Eastern Orebody and Importance of the Boiling Zone
> ts TSX-V: AZS | OTCQB: AZASF woes: (SE ™ — United Eastern Orebody , nee ' Oatman, Arizona Grade Section DO arenco carne t = sy 4 ft. 0.03 opt Au 2°, 2» Approximate level of Philadelphia intercepts 3.5ft. 0.94 opt Au 26 ft. 1.11 opt Au Down-Dip Potential at Philadelphia 25 ft. 0.74 opt Au 36 ft. 0.
Slide 14: Model for Carlin-type system: Silicon Deposit Nevada
2 14 & TSX-V: AZS | OTCQB: AZASF Model for oe System: Silicon Deposit Nevada +4 Million Ounces of Gold Size of section drilled to date at Philadelphia Current drilling has only scratched the surface of a much larger system www.arizonagoldsilver.com
Slide 15: Greater Philadelphia Project Area
Greater Philadelphia Project Area _ USGS Aster Hyperspectral Data Reflects Exploration Potential Large areas of alteration need exploration Current drilling 15
Slide 16: Merlin Deposit and Philadelphia East ASTER Data
Merlin Deposit and Philadelphia East ASTER Data & & r > ae ASTER ANOMALY Merlin deposit & 12.1MM oz Au Silicon No gold deposit 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 As
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: Stream sediment gold grains at NE Target
NN TSX-V: AZS | OTCQB: AZASF @ Stream oP Sediment ms an * Grains at i Sanew @ NE Target Cinnabar ~ 250 microns across Indications there is a gold-bearing i r Gold Grain ~ 150 microns across Siig el avec Present
Slide 19: Column Leach Test Results
Column Leach Test Results HPGR Crushing Exceeding Conventional by ~15% Philadelphia Gold Project 1 —Es Recovery is +80% t The column tests demonstrate good heap leach recoveries from low grade material i s 3 3 H Hy z i » x “ 0 100 y Days of Leach Bulk Material (RFC A, B &C) (101150) (® Bulk Material
Slide 20: High Gold Recoveries Confirmed by Bottle Roll Testing
High Gold Recoveries Coneiined 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 100 100 s eS g $ 3 4 2 40 £ 3 3 5 =) Ss m2 9 120 Leach Time, hour: 80%-425
Slide 21: Philadelphia Project Bulk Tonnage Target
iN TSX-V: AZS | OTCQB: AZASF Philadelphia Project Bulk Tonnage Target Along Arabian Fault Size and Potential 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 Target Gold and Silver Content ¢ +2-5 mi
Slide 22: High-Grade Target
High-Grade UN 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 t
Slide 23: Share Structure and Distribution
” 23 & TSX-V: AZS | OTCQB: AZASF Share Structure “x and Distribution peed! Share Price $0.70 Shares Issued & Outstanding 104,540,113 Warrants Outstanding 31,430,660 Sprott Options Outstanding 9,516,481 Fully Diluted 145,487,254 6.3% (as of December 2025) Insiders & Advisors 23% www.arizonagoldsilver
Slide 24: Management and Directors
24 Management and Directors Jim Engdahl - Chair of the Board and Director Jim Engdahl brings over four decades of mining and corporate finance experience, currently serving as Audit Chair at Hanstone Gold and Senior Advisor on multiple resource projects, with prior senior roles at MNP Corporate Fina
Slide 25: Advisors to the CEO
25 Advisors to the CEO 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. Form
Slide 26: Final Thoughts
1&. TSX-V: AZS | OTCQB: AZASF 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 Securities Ex
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