Arizona Gold & Silver Receives Approval for Expansion and Exploration Drilling Program on the Philadelphia Gold-Silver Project, Arizona

About this update from Arizona Gold & Silver Inc.

Vancouver, British Columbia – TheNewswire - June 16, 2026 – Arizona Gold & Silver Inc. (TSXV: AZS) (OTCQB: AZASF) is pleased to announce receipt of approval for expansion and exploration drilling at the Philadelphia gold-silver project in northwestern Arizona. Approval of Planned Activities The United States Bureau of Land Management (“BLM”) has approved modifications to the Company’s Exploration Plan which includes construction of 16 new drill pads and associated sumps and access roads covering a total of approximately 14 acres of disturbance.  These activities and related disturbances were originally analyzed in the Environmental Assessment for the Exploration Plan, and the BLM has determined that this is a minor modification to the Exploration Plan.  The proposed activities are subject to the terms and stipulations in the existing Exploration Plan. The Company has received all necessary drilling approvals and submitted the required bond amount. The Company is awaiting final administrative confirmation from the BLM before commencing drill road and pad construction. .   The proposed and approved drilling program will allow the Company to test: the down-dip continuation of high-grade gold-silver intercepts encountered in drill holes PC25-156 thru PC25-159 (press releases dated September 17, 2025, December 08, 2025, and January 06, 2026),  the 1.5-kilometer strike length of alteration contained along the southern extension of the Arabian Fault, and  the CSAMT geophysical anomaly detected in 2023 and related target beneath the altered and iron-stained Red Hills.  The Company intends to start this phase of exploration by drilling down-dip of drill hole PC25-156, which intersected 20.43 meters grading 9.04 gpt Au and 34.0 gpt Ag within 60.37 meters grading 4.36 gpt Au and 6.38 gpt Ag (press release dated September 17, 2025), CEO Mike Stark commented: "The timing could not be better. We are well funded following our recent $18 million private placement with Sorbie, completed at a premium to market, together with approximately $4.8 million currently in treasury. Management and shareholders have been patient throughout the permitting process, and with this milestone achieved, I anticipate more than two years of active drilling ahead of us. This program will test the southern extension and down-dip potential of the Perry Zon...

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