Arizona Silver Announces Proposed $700,000 Private Placement

ARIZONA SILVER EXPLORATION INC.

NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE

UNITED STATES

ARIZONA SILVER ANNOUNCES PROPOSED $700,000 PRIVATE PLACEMENT

Vancouver, British Columbia / September 1 7, 2019 – Arizona Silver Exploration Inc. (the "Company" or

“Arizona Silver”) (TSX -V: AZS) (OTCQB: AZASF) is pleased to announce that, subject to the approval of the

TSX Venture Exchange, it proposes to raise up to $700,000 through a non - brokered private placement.

The private placement will be comprised of up to 3,684,210 units of the Company (the " Units") at a price of $0.19

per Unit for total proceeds of up to $700,000. Each Unit will consist of one common share of the Company and

one-half of one transferable common s hare purchase warrant (each, a " Warrant") with each whole Warrant

exercisable at a price of $0.27 per share for a period of two years from closing of the private placement, provided that

in the event that the closing price of the Company’s common shares on the TSX Venture Exchange is $0.35 or greater

per common share during any 10 consecutive trading day period the Warrants will expire at 4:00 p.m. (Vancouver

time) on the 30 th day after the date on which the Company provides notice of such accelera ted expiry to the

warrantholders, and the warrantholders will have no further rights to acquire any common shares of the Company

under the Warrant.

The Company plans to use the proceeds of the private placement for further exploration of the Philadelphia P roperty

in Mohave County and the Ramsey silver mine in La Paz County, both in the state of Arizona, USA, and for general

working capital purposes.

The Company also announces it has entered into a Consulting Services Agreement with Cronus Consulting Corp. (the

“Consultant”) whereby the Consultant has been engaged to provide certain strategic guidance and introduction to

various key groups and individuals. The Consulting Services Agreement has a 12-month term that can be terminated

by either party at any time upon thirty (30) days written notice.

About Arizona Silver:

Arizona Silver Exploration Co. is a mineral exploration company focused on exploring and advancing its mineral

property interests in the Western United States. It is traded on the TSX-V under the symbol AZS and on the OTCQB

in the United States under the symbol AZASF.

On behalf of the Board of Directors:

ARIZONA SILVER EXPLORATION INC.

Mike Stark, President, CEO and 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 2019 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 ma terially from those

anticipated in such statements.