Kay Mine Additional Four Drill Holes

TORONTO - Arizona Metals Corp. reported on the additional four drill holes at the recently discovered gold-rich zone of open-ended mineralization at the Kay Mine, in an area previously untested by historic drilling or exploration. Branch Hole 27B intersected 97 m at a grade of 1.3% Cu, 1.6 g/t Au, 3.2% Zn, and 32 g/t Ag, including higher-grade intervals of 15 m grading 5.0% Cu, 0.4 g/t Au, 0.4% Zn, and 19 g/t Ag, as well as 21 m grading 4.6 g/t Au, 9.0% Zn, 0.9% Cu, and 82 g/t Ag. This hole is the deepest drilled to date by Arizona Metals Corp, and extends the new gold-zinc discovery zone by 20%, to a depth of 750 meters.

Branch Hole 27A intersected 103 m at a grade of 0.8% Cu, 1.1 g/t Au, 1.9% Zn, and 36 g/t Ag, including higher grade intervals of 21 m grading 3.2% Cu, 1.4 g/t Au, 1.3% Zn, and 19 g/t Ag, as well as 18 m grading 0.7% Cu, 2.7 g/t Au, 4.7% Zn, and 92 g/t Ag.

Hole 28, which was drilled to test for vertical continuity of high-grade zones between holes 25 and 24, intersected 54 m at a grade of 1.9% Cu, 2.9 g/t Au, 5.0% Zn, and 29 g/t Ag, from a vertical depth of 585 m below surface. Hole 28 includes three separate higher-grade intervals of 11.4 m grading 4.3 g/t Au, 9.3% Zn, 0.5% Cu and 32 g/t Ag, as well as 7.9 m grading 4.4% Cu, 9.5 g/t Au, 10.3% Zn, and 93 g/t Ag, and also 2.2 m grading 16.1% Cu, 0.8 g/t Au, and 56 g/t Ag.

Hole 27 was drilled as a trunk hole at the northern edge of the new discovery zone, and intersected 31.4 m grading 1.6% Cu, 0.2 g/t Au, 0.7% Zn and 9.0 g/t Ag, and 26 m further downhole, intersected 13 m grading 2.9% Cu, 0.5 g/t Au, 0.2% Zn, and 8.4 g/t Ag.

These newly defined, wide, high-grade intervals demonstrate the potential to add a significant tonnage of gold-zinc mineralization outside of the historic resource.

Marc Pais, CEO, said, “The four drill holes released today validate and extend the new gold-rich zinc zone discovery, with broad intervals of mineralization in the discovery zone ranging from 54 m to 103 m, and true widths estimated at an average of 80%. Hole 27 demonstrates that mineralization extends at least 100 m deeper than reported by previous operators. Holes 27A and 27B have encountered excellent grades and thicknesses, as good or better than those reported in the discovery holes, while also demonstrating the potential for the discovery zone to both extend at depth and increase on strike as it deepens. The first few holes drilled in the discovery zone were on a large step-out spacing of 100 m to 150 m. Subsequent branch holes to infill between these holes are demonstrating excellent vertical continuity, as well as lateral extension of mineralization on strike to both the north and south. Of particular note is hole 28 (located at the vertical mid-point of holes 24 and 25), which intersected 54m of mineralization, including significant intervals of higher grade within. This hole is the widest zone of high-grade drilled at the project to date, and demonstrates excellent continuity of both grade and thickness with the holes above and below. Today’s results have increased the vertical extent of the discovery zone (now defined from hole 21A to 27) to approximately 400 m. Drill holes are currently underway to test for further extensions by testing 200 m above hole 21A and also 200 m below hole 27. With the recently completed financing of $21 million, the Company is fully-funded to complete the 75,000 meter Phase 2 expansion program.”