Drilling Of 102 Meter Mineralized Interval Below Deepest Previous Hole On Philadelphia Gold Project

VANCOUVER - Arizona Silver Exploration Inc. has received final assays from core hole PC23-111 at the Philadelphia epithermal gold-silver project in Mohave County, Arizona. The drill hole was designed to test the down dip and easterly extension of vein and stockwork mineralization intersected some 30 metres away in the deepest previously hole. Core hole PC23-111 intersected 102.15 metres (“m”) at 0.716 grams per tonne (“gpt”) gold and 4.56 gpt silver from 182.30m to 284.45m. The total interval includes three intercepts of brecciated vein as follows: 1) 182.3m-185.5m (3.2m) at 6.2 gpt gold and 11.3 gpt silver. 2) 230.6m-231.6m (1.0m) at 4.04 gpt gold and 9.2 gpt silver. 3) 275.15m-281.64m (6.49m) at 1.91 gpt gold and 8.77 gpt silver. Note: True thickness of the intercepts is approximately 50% of the drilled thickness. The three veins are referenced as the HW vein, the intermediate vein, and the FW vein respectively.

Greg Hahn. VP-Exploration, said, “As anticipated, PC23-111 confirms the down-dip and eastward continuation of the mineral system. We now await results from PC23-112, a new -45 degree hole from the same pad location as PC23-111. That hole is testing the western portion of a low resistivity CSAMT anomaly that is believed to be a clay cap above the boiling zone at the Red Hills target. Samples are in the lab and results will be announced when received.”