Arizona Silver Announces Extension of Private Placement
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
ARIZONA SILVER ANNOUNCES EXTENSION OF PRIVATE PLACEMENT
Vancouver, British Columbia, November 21, 2022 – Arizona Silver Exploration Inc. (TSXV:
AZS) (OTCQB: AZASF) , announces that the Company has been granted an extension by the
TSX Venture Exchange (the " TSXV") to complete the previously announced private placement
(the " Private Placement ") of common shar e units for aggregate gross proceeds of up
to CDN$2,000,000, by no later than December 19, 2022.
Completion of the Private Placement remains subject to the approval of the Exchange. All
securities issued pursuant to the Private Placement will be subject to a statutory four month hold
period. T he Company may pay finder's fees in accordance with the rules and policies of the
Exchange.
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 aspects of the 2022 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 e xploration activities,
including the results of the Company's 2022 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 variation s in mineral resources, grade and/or recovery rates; fluctuating metals prices;
possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns
or unanticipated costs and expenses; uncertainties involved in the inter pretation 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 business 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 regulatory
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 2022 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.