Drilling At The Sugarloaf Peak Heap-leach Gold-oxide Project

TORONTO - Arizona Metals Corp. reported the first drill hole from its recently completed 1,748 m drill program at its Sugarloaf Peak Project in La Paz County, Arizona.

Drill hole SP-20-01 intersected 137 m of 0.53 g/t gold from surface, including, 99 m of 0.62 g/t gold, and 30 m of 0.90 g/t gold. From 179.7 m to the end of the hole at 218.5 m, the same hole also intersected 38.8 m of 0.32 g/t gold. The hole ended in mineralization.

This hole intersected gold mineralization approximately 45 m below holes drilled by previous operators in 1990 (Cominco) and 2011 (Choice Gold).

Drill core from hole SP-20-01 and SP-20-02 (drilled to a depth of 369 m with assays pending) will be sent to Kappes Cassiday and Associates of Reno, Nevada, to undergo bottle-roll and column testing of gold recoveries by leaching. Samples will also be sent to ALS Minerals in Reno, Nevada for gold assay, multi-element testing, and spectral analysis to determine trace-element levels and hydrothermal alteration variations.

Another two cored drill holes (assays pending), SP-20-03 and SP-20-04, were extended to depths of 572 m and 581 m, respectively, to intersect a large , untested geophysical target that the Company believes has the potential to host a higher grade “feeder” zone, that could be the source of the disseminated mineralization identified at surface in the historic estimate.

The geophysical target is based on induced polarization (IP) data showing coincident high chargeability and high resistivity. Chargeability high anomalies often indicate the presence of sulfide minerals such as pyrite, and resistivity highs may indicate alteration minerals such as quartz. The mineralization identified to date at Sugarloaf contains both pyrite and quartz.

A total of 20 drill holes have been completed at the Kay Mine, with four holes pending assays at ALS Laboratories in Tucson, Arizona. A downhole electromagnetic survey is currently underway at the Kay Mine and is expected to be complete this month. The results of this survey, along with final assay results, will be used to plan a Phase 2 drill program at the Kay Mine.