Arizona Gold & Silver Inc. · TSXV:AZS
Arizona Gold & Silver — Investor Presentation (December 2025)
27 slides from Arizona Gold & Silver's investor presentation, Dec 4, 2025
Slide 1: Arizona Gold & Silver Inc. Corporate Presentation November 2025
A TSX-V: AZS | OTCQB: AZASF Arizona Gold & Silver Inc. CORPORATE PRESENTATION NOVEMBER 2025 www.arizonagoldsilver.com
Slide 2: Project Locations
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, a historic 2.5 Moz gold producer. The 3 km gold-silver system continues to deliver high- grade results, including 9.04 g/t Au over
Slide 3: Flagship Overview: Philadelphia Gold-Silver Project
iN 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 property history and development
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: Historic resources and nearby amenities
Starbucks, and more amenities ~ Population of Bullhead City: 3° 1.5) Million tons at 0.342 | Opt Gold esas 517,522 ounces - historic (historic) axx~ 7 0.978 Million tons at 0.22 %®e? 1.87 Million tons © opt gold ‘= at 0.812 opt gold .° (current totalresource (1,521,886 ounces |
Slide 6: iN
iN TSX-V: AZS | OTCQB: AZASF
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 * 5.61 gpt Au and 29
Slide 8: Drill Section Perry Vein
Drill Section Perry Vein Drilling provides multiple intercepts of high-grade vein: ° 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 a
Slide 9: Perry Vein Long Section
Legend {@Dril Hole Pierce Point a Phisdelphia Project ery Ver Long Secton ‘Au (opt x True Thickness (m) worse aso Sate ARIZONA GOLD & SILVER INC. Philadelphia Project Perry Vein Long Section Au (gpt) x True Thickness (m) Long Section is in the plane of the véin, roughly 24E, -60 to-70: SE a a aailoa
Slide 10: Perry Vein Long Section Drill Hole Index
For FCT Erm Philadelphia Project Perry Ven Long Secton Drill Hole Index m3 = ARIZONA GOLD & SILVER INC. Philadelphia Project Perry Vein Long Section Drill Hole Index Long Sectidn i ° Drilling pending
Slide 11: Permitting for Exploration Expansion
Slide 12: Bulk Tonnage Conceptual Model
12 Bulk Tonnage Conceptual Model Boiling Zone Beneath Rhyolite Flow Dome (- >) Argillic Alteration from USGS ASTER Survey ! l 1 Interpreted location of drill holes to date \ BLM drill holes Philadelphia Vein Basement
Slide 13: United Eastern Orebody: Importance of the Boiling Zone
=? 13 BX TSX-V: AZS | OTCQB: AZASF United Eastern Orebody J[mportance of the Bail a Oatman, Arizona . Baremueme Grade Section Ing Zone in the = Oatman District Mines 4 ft. 0.03 opt Au ; _ ~ Approximate level of Philadelphia intercepts “The upper section of the vein assayed Sa ope AT less than 1 g/t
Slide 14: Model for Epithermal System: Silicon Deposit Nevada
= 14 B& TSX-V: AZS | OTCQB: AZASF Model for ee 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 BN 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 ASTER ANOMALY Merlin deposit GS 9MM oz Au Silicon No gold deposit my anomaly at 4MM oz Au surface Philadelphia ASTER Anomalies comparable in size to +13 million ounces gold at Silicon and Merlin 16
Slide 17: Eastern Spectral Anomaly
iN TSX-V: AZS | OTCQB: AZASF Eastern Bee ectral Anomaly Proposed CSAMT Survey Fall 2025 Powerline corridors Wilderness area 17
Slide 18: iN A
18 iN TSX-V: AZS | OTCQB: AZASF A q Stream S ee ie Sediment oF a TF A Grains at i oanew NE Target Cinnabar ~ 250 microns across Indications there is a gold-bearing : ; epithermal system present Gold Grain ~ 150 microns across
Slide 19: Column Leach Test Results
Column Leach Test Results HPGR Crushing Exceeding Conventional by ~15% rT 8 2 io 3 3 The column tests demonstrate good heap leach recoveries from low grade material g Ed g i 6 in 80 100 Days of Leach ‘Bulk Material (RFC A, 8 &C) (101150) Bulk Material (RFC A, B &C) (101153) AHPGR - Bulk Material (RF
Slide 20: High Gold Recoveries
High Gold Recoveries ohne 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 90 90 80 80 am 70 60 50 g £ r) ze g 8 8 4 3 2 $ Cumulative Au Recovery,
Slide 21: Philadelphia Project: Bulk Tonnage Target Along Arabian Fault
AN TSX-V: AZS | OTCQB: AZASF Philadelphia Project. Bulk Tonnage Target Along Arabian Fault "es WIT Size and Potential é: Bulk Tonnage Target Size N +1000 meters long 400-500 meters wide 40-80 meters thick 2.5 tonnes per cubic foot +40 million - 100 million tonnes (02 Target Grade wa ¢ 1.5 g/t Au * 7
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 $0.70 Shares Issued & Outstanding 104,540,113 Warrants Outstanding 31,430,660 sprott Options Outstanding 9,516,481 63% Fully Diluted 145,487,254 (as of Nov 29, 2025) Insiders & Advisors 23% www.arizo
Slide 24: Management and Directors
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 Finance
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
L&. 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 Securitie
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