Arizona Silver Announces Grant of Stock Options

ARIZONA SILVER ANNOUNCES GRANT OF STOCK OPTIONS

Vancouver, British Columbia, January 10, 2023 Arizona Silver Exploration Inc. (TSXV:

AZS) (OTCQB: AZASF) the Company wishes to announce that it has granted incentive stock

options to purchase a total of 1,375,000 common shares at price of $0.29 for a period of five years

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

option plan. Arizona Silver Exploration is pleased to offer these options to our dedicated team who

have demonstrated leadership and excellence in their individual areas.

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 2023 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.