Arizona Gold & Silver Announces CDN$18 million dollar investment above market

About this update from Arizona Gold & Silver Inc.

Arizona Gold & Silver Announces CDN$18 million dollar investment above market (TheNewswire) Vancouver, British Columbia – TheNewswire - March 18 2026  – Arizona Gold & Silver Inc. (“Arizona” or the “Company”) (TSXV: AZS) (OTCQB: AZASF) announces that they have entered into a binding agreement dated March 9, 2026 with arm's length institutional investors Sorbie Bornholm LP and Sorbie Investments LLP (together, "Sorbie") for CDN$18 million dollars.  The agreement is subject to final approval from the TSX Venture Exchange, and no new control position will be created. This is the largest investment of Sorbie to date.  There are no finders’ fees to be paid under this placement and there will be no related party disclosure required.  No shareholder approval is required. The investment is structured through a 22.5 million unit placement, representing an ~18% premium to the 5-day VWAP. Each unit is comprised of one common share and one-half share purchase warrant.  Each unit is priced at $0.80 per unit and each full warrant is priced at $1.00. A portion of the shares will serve as the basis for the Sharing Agreement, allowing the Company to capture additional non-dilutive upside as milestones are met. Funds will be allocated to advance exploration and development at the Company’s flagship Philadelphia Gold-Silver Project in Arizona, expand drilling programs led by SVP of Exploration Dr. Lex Lambeck across prospective vein & stockwork systems, and support continued technical and operational progress in one of the most historically productive precious metals districts in Arizona. Arizona Gold & Silver continues to advance the Philadelphia Gold-Silver Project located near the historic Oatman Mining District in northwestern Arizona, an area that has produced more than two 1/2 million ounces of gold from high-grade epithermal vein systems (NI 43-101 Technical Report, Philadelphia Property, Mohave County, Arizona, Section 7). Ongoing exploration programs have focused on expanding mineralization along the Philadelphia vein and testing additional targets across the Company’s broader land package, with drilling confirming the continuity and potential scale of gold-silver mineralization at both shallow & deeper depths. Infor...

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