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AZS.V ·

Arizona Silver Exploration Has Resumed Drilling at Philadelphia GOLD & Silver Property, IN Mohave County, Arizona

Exploration Programs

#804 – 750 West Pender Street, Vancouver, BC, V6C 2T7

T: 604.682.2928 / F : 604.685.6905 / W : www.arizonasilverexploration.com

ARIZONA SILVER EXPLORATION INC.

NEWS RELEASE

ARIZONA SILVER EXPLORATION HAS RESUMED DRILLING

AT PHILADELPHIA GOLD & SILVER PROPERTY, IN MOHAVE COUNTY, ARIZONA

Vancouver, British Columbia (May 26, 2021) – Arizona Silver Exploration

Inc (TSXV: AZS) (OTCQB: AZASF) is pleased to report that drilling has resumed at the

Company’s Philadelphia gold -silver project located in Mohave County, Arizona. A Reverse

Circulation (“RC”) drill rig is on site and has completed 3 holes already on our recently acquired

Perry Claim. Continued exploration drilling is focused on testing along strike of the 1 ,250 feet of

visible vein outcropping at surface. In reference we are 4 ,000-5,000 lineal feet away from the

Philadelphia mine area where we have intersected the high-grade vein to date. See news release Click

here to visit the Philadelphia webpage

A total of 15 holes are currently planned in this round of drilling.

We will be testing the vein exposed on the surface both along strike and down dip in this round

of drilling. We have 3 claims (4 ,500 feet) south of the Perry claim that remain untested.

Sampling is underway to follow up on earlier sampling that indicated the presence of anomalous

gold and silver in association with the continuation of the Arabian fault and associated

veining. Click here to view claims.

Arizona Silver’s Vice President – Exploration, Greg Hahn, commented, “We are excited to be the

first to test the Perry vein with drilling. Surface samples indicate the presenc e of visible gold and

historic samples contained good gold grades locally. The vein as exposed on the surface is

consistently 20-30 feet wide and consists of green and white quartz with locally black calcite.

Qualified Person

Gregory Hahn, VP-Exploration and a Certified Professional Geologist (#7122) is a Qualified Person

under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the technical

information contained in this news release.

About Arizona Silver Exploration Inc.

#804 – 750 West Pender Street, Vancouver, BC, V6C 2T7

T: 604.682.2928 / F : 604.685.6905 / W : www.arizonasilverexploration.com

Arizona Silver is a young exploration company focused on exploring underexplored gold -silver

properties in western Arizona and now Nevada. The Company plans to continue to drill test the

Ramsey Silver Mine property located a short distance east of Quartzsite, Arizona as time allows. The

Company has recently received a positive Record of Decision on its Notice of Intent to drill an initial

eight exploration holes on its recently acquired Silverton gold-silver property with carlin-type targets.

Drilling there will be scheduled as time and equipment allow.

Please refer to our web site for all news and updated property

information. www.arizonasilverexploration.com

On behalf of the Board of Directors:

ARIZONA SILVER EXPLORATION 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 2020 exploration program; the potential for

development of the mi neral 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 result s 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 plann ed exploration activities, including the results of the Company’s 2020

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; exploration cost overruns or unanticipated costs and

expenses; uncertainties involved in the i nterpretation 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 rest rictions including in relation to required permits for

exploration activities (including drilling permits) and environmental liability; timeliness of

#804 – 750 West Pender Street, Vancouver, BC, V6C 2T7

T: 604.682.2928 / F : 604.685.6905 / W : www.arizonasilverexploration.com

government or regulatory approvals; and other risks detailed herein and from time to time in the

filings m ade 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 2020 programs would proceed as planned and within budg et. 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.

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