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AZS.V ·

Arizona Gold & Silver Inc. Announces Philip Yee As Special Advisor To The CEO

Management Changes

NEWS RELEASE

Arizona Gold & Silver Inc. Announces Philip Yee As

Special Advisor To The CEO

Vancouver, British Columbia, June 17, 2024 – Arizona Gold & Silver Inc.  (TSXV: AZS) ( OTCQB:

AZASF) is pleased to announce the addition of Philip Yee as Special Advisor to the CEO. Philip has extensive

senior executive public company experience contributing to the success of a number of precious metal

companies, most recently as Executive Vice President and Chief Financial Officer of Eldorado Gold

Corporation (2018 – 2024) and Kirkland Lake Gold Corporation (2016 – 2018).

“We feel very fortunate to have Philip join our team. Philip recognizes the potential of Arizona Gold & Silver’s

projects and looks forward to contributing his knowledge and expertise to their success. Please join me in

welcoming Philip to Arizona Gold & Silver Inc.,” stated Mike Stark, President & CEO.

About Arizona Gold & Silver Inc.

Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources

in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques,

the company aims to drive value for stakehol ders while prioritizing environmental stewardship. The flagship

asset is the Philadelphia gold -silver property where the Company is drilling off an epithermal gold -silver

system ahead of an initial 43-101.

On behalf of the Board of Directors:

ARIZONA GOLD & SILVER INC.

Mike Stark, President and CEO, 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.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release includes certain forward -looking statements or information. All statements other than statements of

historical fact included in this release are forward -looking statements that involve various risks and uncertainties.

Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the

2024 exploration program; the potential for development of the mineral resources; the potential mineralization and

geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There

can be no assurance that such statements will prove to be accurate and actual results and future events could differ

materially from those anticipated in such statements. Important factors that could cause actual results to differ materially

from the Company's plans or expectations include the risk that actual results of current and planned exploration activities,

including the results of the Company's 2024 drilling program(s) on its properties, will not be consistent with the

Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations

in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment

breakdowns and delays during exploration; exploratio n cost overruns or unanticipated costs and expenses; uncertainties

involved in the interpretation of drilling results and geological tests; availability of capital and financing required to

continue the Company's future exploration programs and preparation of geological reports and studies; delays in the

preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the

exploration properties are yet to be fully determined; general economic, market or bus iness conditions; competition and

loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration

activities (including drilling permits) and environmental liability; timeliness of government or regulato ry approvals; and

other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In

connection with the forward -looking information contained in this news release, the Company has made numerous

assumptions, including that the Company's 2024 programs would proceed as planned and within budget. The Company

expressly disclaims any intention or obligation to update or revise any forward -looking statements whether as a result of

new information, future events or otherwise, except as otherwise required by applicable securities legislation.