Arizona Silver Announces Extension to Private Placement and Amendment to Terms

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE

ARIZONA SILVER ANNOUNCES EXTENSION TO PRIVATE PLACEMENT AND AMENDMENT TO TERMS

Vancouver, British Columbia / September 17, 2018 – Arizona Silver Exploration Inc. (the "Company" or “Arizona Silver”) (TSX-V: AZS) (OTCQB: AZASF) announces that, further to its news releases of June 5, 2018 and July 23, 2018, it is proceeding with its previously announced private placement and has amended the terms of the private placement from 3,400,000 common shares at $0.13 per common share for gross proceeds of up to $442,000 to 4,500,000 common shares at $0.10 per common share for gross proceeds of up to $450,000.

The Company plans to use the proceeds of the private placement for further exploration of the Ramsey Silver Mine in La Paz County & Sycamore Canyon property in Graham County, both in Arizona and for general working capital purposes.

All securities will be subject to a four-month hold period from the closing date. The private placement is subject to TSX Venture Exchange approval.

On behalf of the Board of Directors:

ARIZONA SILVER EXPLORATION INC.

Greg Hahn, President and CEO

Contact: Mike Stark, Chairman and Director Phone: (604) 833-4278

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

#804 – 750 West Pender Street, Vancouver, BC, V6C 2T7 T: 604.682.2928 / F : 604.685.6905 / W : www.arizonasilverexploration.com