Arizona Metals Corp Announces Metallurgical Drill Program at its Sugarloaf Peak Project in La Paz County, Arizona

Arizona Metals Cor rp Announc ces Metallur rgical Drill Program at t its Sugarlo oaf Peak Pr roject in La Pa az County, A Arizona

TORONT TO, June 15 5, 2020 – Ari izona Metals Corp. (TSX X.V:AMC) (the “Company” or “Arizona y 6^th, 2020 it Metals”) is pleased t to announce that on July t will comm mence a 1,300m drill pro ogram at its Sug k Project in L La Paz Coun nty, Arizona. Drill core f from two 15 50m holes w will be sent to K Kappes Cass siday and A Associates of f Reno, Nev vada, to und dergo bottle- -roll and co olumn es will also be sent to ALS testing o of gold reco overies by le eaching of oxide mater rial. Sample Minerals in Reno, Nevada for r gold assay y, multi-ele ement testin ng, and spectral analys sis to determin ne trace-elem ment levels an nd hydrother rmal alterati ion variation ns.

Another two cored drill holes will be extende ed to depths s of 450 m an nd 550 m to intersect a l large, untested geophysical l target (Fig gure 1) that the Compa any believes s has the po otential to h host a higher gr rade “feeder r” zone, that t could be t the source o of the dissem minated oxid de mineraliz zation identified d at surface e in the historic estima ate. The loc cations, dips s, and azim muths of the four planned h holes are det tailed in Tab ble 1 below.

The geop physical tar rget is based on induce ed polarizat tion (IP) da ata showing coincident high chargeab bility and hig gh resistivity. Chargeab bility high a anomalies of ften indicate e the presen nce of minerals such as pyrite, and resistiv e alteration minerals such as sulfide m vity highs m may indicate quartz. T The mineraliz zation identi ified to date at Sugarloaf f contains bo oth pyrite and quartz.

Figure 1. Sugarloaf Peak k cross section n looking nort thwest, display ying historic d drill holes and d coincident high IP chargeabili ity and high re esistivity geoph hysical anomalies located dir rectly below th he historic esti imate, and stru uctures interpreted d from resistivit ty.

Table 1. Sugarloaf plan nned drill hole locations and d orientations

Marc Pai is, CEO of A Arizona Metals Corp., co ommented, “ “While our p primary focu us remains o on the high-grad de Kay Min ne VMS project, where e we have two drills t turning, we believe the ere is significan nt unrecogn nized value i in the Sugar rloaf Project

t. We will f first follow up on prom mising initial me etallurgical testing comp pleted by K Kinross in 20 009 and Agn nico in 2013 3, to demonstrate that Suga arloaf has th he characteri istics require ed of a viabl le heap-leac ch mining op peration. We e will also be te esting a larg ge IP geophy ysical target located abou ut 300m below the histo oric estimate e, that we believ ve has the po otential to ho ost higher gr rade “feeder”

” zones. The e IP targets w were identifi ied in 2012, but t never drill tested.”

Sugarloa af Peak Hig ghlights

• Project is 100 0% owned by y Arizona M Metals Corp. with no futu ure payments s
• L Located on 4, ,400 acres of f BLM claim ms in mining g-friendly La a Paz County y, Arizona ld”* at a gra
• H Historic estim mate of “100 0 million ton ns containing g 1.5 million n ounces gol ade of 0.5 g/t (Dausi inger, 1983, Westworld Resources).
• H Heap-leach, o open-pit targ get that starts s at surface a and is tabula ar with no dip p
• O Open for expa ansion at dep pth and on strike
• M Metallurgical l testing (bot ttle roll) by K Kinross (200

09) and Agni ico (2013) a achieved gold d re ecoveries of up to 73% ( (inline with h heap-leach m mines curren ntly in operat tion)

About A Arizona Met tals Corp

Arizona M Metals Corp p owns 100% % of the Kay y Mine Prope erty in Yava apai County, , which is lo ocated on a com mbination of f patented an nd BLM cla aims totaling g 1,300 acre es that are not subject to

• any

royalties. An historic c estimate by Exxon Minerals in 1982 2 reported a “proven and d probable re eserve of 6.4 mi illion short t tons at a gra ade of 2.2% copper, 2.8 g/t gold, 3.0 03% zinc, a and 55 g/t sil lver.” The histo oric estimate e at the Kay y Mine was reported by y Exxon Mi inerals in 19 982. The his storic estimate has not been verified as a curren nt mineral re esource. No one of the k key assumpt tions, paramete ers, and met thods used t to prepare th he historic e estimate wer re reported, and no reso ource categorie es were used

d. Significant data com mpilation, r re-drilling an nd data ver rification ma ay be required by a Qualifi ied Person b before the hi istoric estim mate can be v verified and upgraded to

• be a

current m mineral reso ource. A Qu ualified Person has not done suffici ient work to

• classify it t as a

current m mineral resource, and A Arizona Meta als is not tre eating the h historic estim mate as a cu urrent mineral r resource.

The Kay Mine is a st teeply dippin ng VMS dep posit that has s been define ed from a de epth of 60 m m to at least 900 0 m. It is open for expans sion on strike and at dep pth.

The Com mpany also ow wns 100% of the Sugarlo oaf Peak Pro operty, in La Paz County, which is lo ocated on 4,400 acres of BLM M claims. Su ugarloaf is a heap-leach, open-pit targ get and has a a historic esti imate of “100 m million tons containing 1.5 million ounces gold d” at a grade e of 0.5 g/t (Dausinger, 1983, Westwor rld Resource es).

*The historic estima ate at the Sug k Property w was reported d by Westwo orld Resourc ces in 1983. Th ral resource. None of the key he historic es stimate has n not been ver rified as a cu urrent miner d to prepare the historic estimate we ere reported assumptions, parame eters, and m methods used d, and no resour rce categorie es were used

d. Significa ant data com mpilation, re- -drilling and d data verific cation may be r required by a a Qualified P Person befor re the histor ric estimate c can be verifi fied and upgr raded to a curre ent mineral r resource. A Qualified Person has no ot done suffi ficient work to classify it as a current m mineral resource, and A Arizona Meta als is not tre eating the h historic estim mate as a cu urrent mineral r resource.

The Qua alified Perso on who revi iewed and a approved the e technical disclosure i in this relea ase is David Sm mith, CPG.

This pre ess release e contains statements that cons stitute “for rward-lookin ng informa ation” (collectiv vely, “forwa ard-looking statements”

”) within the e meaning of the appl licable Cana adian securities s legislation n, All statem ments, other r than state ements of h historical fact, are forw ward- looking s statements an nd are based d on expecta ations, estima ates and pro ojections as a at the date o of this news rele ease. Any st tatement tha at discusses p predictions, expectation ns, beliefs, pl lans, project tions, objective es, assumptio ons, future ev vents or perf formance (of ften but not a always using g phrases su uch as “expects”, or “does n not expect”, “is expected d”, “anticip pates” or “do oes not antic cipate”, “pla ans”, “budget”

”, “schedule ed”, “foreca asts”, “estim mates”, “beli ieves” or “in ntends” or v variations of f such words an nd phrases o or stating tha at certain actions, events s or results “ “may” or “c could”, “wo ould”, “might” or “will” be e taken to oc ccur or be ac chieved) are not statemen nts of historical fact and d may be forwa ard-looking statements. Forward-lo ooking state ements cont tained in th his press re elease include, w without limitation, statements regar rding the res sumption of d drilling and d the effects o of the COVID-1 19 pandemic c on the bus siness and o operations of of the Compa any. In mak king the forw ward- looking s statements contained in this press re elease, the C Company ha as made cert tain assumpt tions. h the Company believes t Although that the expe ectations ref flected in for rward-lookin ng statement ts are reasonab ble, it can giv ve no assura ance that the e expectation ns of any for rward-lookin ng statement ts will prove to be correct. K Known and u unknown ris sks, uncertai inties, and ot ther factors which may c cause the actua al results an nd future eve ents to differ r materially f from those e expressed or r implied by y such forward-looking state ements. Such h factors incl lude, but are e not limited d to: availability of finan ncing; delay or r failure to receive requ uired permi its or regula atory appro ovals; and g general busi iness, economic c, competitiv ve, political and social u uncertainties

s. According gly, readers should not p place undue re eliance on the forward d-looking sta atements an nd informat tion contain ned in this p press release. Except as required by y law, the C Company di isclaims any y intention and assume es no obligatio on to update or revise an ny forward-looking stat tements to re eflect actual l results, wh hether as a res sult of new information n, future ev vents, chang ges in assum mptions, changes in fa actors affecting such forwar rd- looking s statements or otherwise.

NEITHER R THE TSX VENTURE EXCHANGE E (NOR ITS S REGULAT TORY SERVI ICE PROVID DER) ACCEPT TS RESPONS SIBILITY FO OR THE AD DEQUACY O OR ACCURA ACY OF THI IS RELEASE E

Not for d distribution t to US newsw wire service es or for rele ease, publica ation, distrib bution or States dissemin nation direct tly, or indire ectly, in who ole or in part t, in or into t the United S For furth her informati ion, please co ontact:

Marc Pai is

President t and CEO A Arizona Meta als Corp.

(416) 565 5-7689

mpais@a arizonametal lscorp.com

www.ariz zonametalsc corp.com

https://tw witter.com/A ArizonaCorp