Drilling The Kay2 Zone At The Kay Project

TORONTO - Arizona Metals Corp. reported on a drill hole in the Kay2 Zone at the Kay project in Arizona. Drill hole KM-25-181 intersected 29.6 m @ 10.7 g/t AuEq, including 13.6 m @ 17.8 g/t AuEq. Drill hole 181 is among the most gold-rich holes drilled in the deposit to date, and includes the project's third-highest gold assay from drilling: 35.8 g/t Au (756.2-757.1 m). The hole is located approximately 90 m below and deeper in the deposit than hole KM-24-166, the discovery hole in the Kay2 Zone. This is a significant intercept and will be incorporated in the upcoming Mineral Resource Estimate (MRE).

Duncan Middlemiss, President and CEO, said, "The high gold grades in the Kay2 Zone continue to indicate a robust mineralized system at Kay and illustrate additional potential for the Kay2 Zone to add value to the overall deposit. Results from hole 181 will be included in the upcoming mineral resource estimate for the Kay project, which remains on track for release this month."

To date, drilling in the Kay2 Zone has demonstrated dimensions of 100 m along strike and 160 m vertically, with consistently high gold grades throughout. The Kay2 Zone is located approximately 100 m north of previously drilled mineralization in the Kay deposit. With the completion of recent drill holes, Arizona Metals has drilled a total of 135,000 meters on the property.

The Company is fully funded and on track to deliver a Mineral Resource Estimate this month, followed by a Preliminary Economic Assessment (PEA) in the second half of 2025, for its Kay Mine project located in Yavapai County, Arizona. G Mining Services Inc. has been engaged to audit the MRE and complete the PEA. The current phase of resource drilling is complete, and the Company has mobilized the two drill rigs to the Kay North Extension target, to be followed by drilling on the North-Central and Western Targets. These areas will be drilled for the first time from newly-permitted and strategically-positioned drill pads, designed to optimize targeting and access. The Company plans 10,000 m of exploration drilling at these targets with holes ranging from 300 m to 900 m in depth. The Company has chosen these high-priority targets based on analysis of geologic, geochemical, and geophysical exploration data generated to date on the project.

Additionally, 5,000 m of reverse circulation drilling is planned at the Company's Sugarloaf Peak Gold Project in La Paz County, Arizona. Drilling and road-construction contractors have been chosen for the project, and the Company is preparing to mobilize crews during Q3.  The Company is executing on all of its previously-stated goals for 2025 and looks forward to continuing the development of the Company's strong assets.