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AZS.V ·

Arizona GOLD Announces Grant of Stock Options

Financings Share Capital & Compensation

ARIZONA GOLD ANNOUNCES GRANT OF STOCK OPTIONS

Vancouver, British Columbia, June 4, 2024 Arizona Gold & Silver Inc . (TSXV: AZS)

(OTCQB: AZASF) The Company wishes to announce that it has granted incentive stock options

to purchase a total of 990,000 common shares at price of $0.335 for a period of five years to its

officers, directors, and certain consultants in accordance with the provisions of its stock option

plan. Arizona Gold & Silver Inc. is pleased to offer these options to our dedicated team who have

demonstrated leadership and excellence in their individual areas.

Amended Finders’ Fees

The Company announced on April 8 , 2024, that it had closed a non -brokered private placement

and Finders' fees of $19,976.99 were paid in relation to the completion of the Offering. It had

come to our attention that the Company had paid an additional $2,889.00 cash in Finders’ Fees

with the amended final total amount of Finders’ Fees paid of $22,865.99 . All Finders’ Fees are

subject to the approval of the TSXV Exchange. All other details of the private placement are

unchanged.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX) have approved this release.

On behalf of the Board of Directors:

ARIZONA SILVER EXPLORATION INC.

Mike Stark, CEO, President

Phone: (604) 833-4278

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 aspe cts of the 202 4 exploration program;

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. Venture Exchange) accepts responsibility for the adequacy or

accuracy of this release.