Arizona Silver Intersects High Grade GOLD IN TWO Zones Drilled at the Philadelphia Project, Arizona

NEWS RELEASE

ARIZONA SILVER INTERSECTS HIGH GRADE GOLD IN TWO ZONES DRILLED AT THE

PHILADELPHIA PROJECT, ARIZONA

Vancouver, British Columbia , May 9, 2023 – Arizona Silver Exploration Inc . (TSXV:

AZS) (OTCQB:AZASF) is pleased to announce that it has received final assays from 12 reverse circulation

(“RC”) drill holes at the Philadelphia epithermal gold-silver project in Mohave County, Arizona. The drilling

program intersected high grade gold values in both footwall (FW) and hanging wall (HW) vein s, with

mineralized stockwork between.

Five holes were completed on one of three patented claims known as the Rising Fawn Zone and seven in the

GAP located in the Perry Zone. All 12 holes intersected gold mineralization in previously undrilled areas.

Highlights include 51 grams per tonne (“gpt”) gold and 16.1 gpt silver in the FW vein from 54.88 metres

(m) to 56.40m and 18.2 g pt gold and 46.6 g pt silver in the HW vein from 13.72m to 15.24m , in hole

PRC23-97. The entire interval from 10.67m to 60.98m (50.31m) averages 2.89 g pt gold and 6.74 gpt

silver. Complete summary assay results from the 12 holes are tabulated below.

Mr. Greg Hahn. VP -Exploration comments, “Our drilling on these previously undrilled areas has delivered

precisely what we were targeting – continuity of good grade mineralization. On the Rising Fawn Zone beneath

and along strike of mine workings we have demonstrated continuity of robust gold mineralization from near

surface to depths of 70-100 metres. In the Perry Zone our successful drilling of the GAP has been particularly

encouraging. We confirmed the continuity of mineralization in that previously undrilled area. Importantly,

the system remains open along strike in both directions and down dip”.

Sections available here: https://arizonasilverexploration.com/philadelphia

Q1 2023 RC Drilling Program Summary Assay Results

Rising Fawn Zone Est. True

Drill Hole From m To m Length m Au gpt Ag gpt Width m

PRC23-97 10.67 60.98 50.30 2.894 6.74 50

including 13.72 15.24 1.52 18.2 46.6 1.5

and 54.88 56.40 1.52 51 16.1 1.5

PRC23-98 6.10 70.12 64.02 1.093 6.31 64

PRC23-99 19.82 94.51 74.70 0.976 5.38 53

PRC23-100 0.00 65.55 65.55 0.423 1.71 65

PRC23-101 32.01 112.80 80.79 0.734 2.01 57

including 105.18 106.71 1.52 8.84 11.5 1.5

*holes PRC-102 and PRC-103 were not drilled

Perry (GAP) Zone Est. True

Drill Hole From m To m Length m Au gpt Ag gpt Width m

PRC23-104 62.50 88.41 25.91 1.096 9.73 24.3

including 70.12 74.70 4.57 3.3 27.6 3

PRC23-105 91.46 112.80 21.34 0.789 4.04 16.4

including 91.46 92.99 1.52 5.65 29.1 1

PRC23-106 137.20 161.59 24.39 0.503 2.95 12.2

including 138.72 140.24 1.52 3.16 14.6 0.76

PRC23-107 53.35 73.17 19.82 1.428 11.3 18.6

including 57.93 60.98 3.05 5.6 32.4 5.3

PRC23-108 71.65 117.38 45.73 0.475 2.63 35

including 77.74 79.27 1.52 4.56 30.9 1.2

PRC23-109 54.88 86.89 32.01 0.55 4.21 24.5

PRC23-110 80.79 97.56 16.77 0.302 1.55 12.9

Current Drilling

The Company has commenced core drilling to test the the down-dip extension of the HW and FW Veins and

the western edge of the recently identified Red Hill CSAMT geophysical target (see News Release April 22,

2023). Results will be announced as received.

QA/QC Program

All assaying was conducted by ALS Global, an independent analytical laboratory. Reverse circulation (RC)

cuttings were delivered to the ALS sample preparation facility in Tucson, Arizona, where the samples are

catalogued, dried, crushed, and pulverized. Pulverized splits are sent to the ALS analytical facility in

Vancouver, British Columbia for analyses. All material handling is done under a strict chain of custody

protocol. Gold is determined by fire assay with an AA finish , with a gravimetric finish on samples greater

than 10 grams per tonne gold, and silver is determined by ICP-MS methods within a 31-element suite.

The Company maintains its own program of inserting Standard Reference material in the form of standards

and blanks to the sampling stream, prior to being shipped to ALS's preparation facility in Tucson, Arizona, in

addition to the independent QA/QC protocols of ALS Global.

Qualified Person

Gregory Hahn, VP -Exploration and a Certified Professional Geologist (#7122) i s 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.

Arizona Silver is a young exploration company focused on exploring gold-silver properties in western Arizona

and Nevada. The flagship asset is the Philadelphia property and the subject of this news release.

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 2023 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 exploration activities, including the results of the

Company's 2023 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 interpretation 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 permit s 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 2023 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 requ ired by applicable securities

legislation.