Arizona Gold & Silver: Philadelphia Drilling Expands Structural Understanding of the Perry Gold System; Upwelling Zone Remains Open at Depth, Drilling Continues

(TheNewswire)

Vancouver, British Columbia, February25, 2026 - TheNewswire– Arizona Gold &Silver Inc.?(“Arizona”or the “Company”) (TSXV: AZS)(OTCQB: AZASF) announces it has received assaysfrom the latest core holes, PC25-159 and PC26-160 on the Philadelphiaproject in Arizona.

The two holes were drilled on the northern and southernlimits of the Perry zone.  Both holes intersected low gold grades inpreviously unrecognized east-west faults. These faults verticallyoffset the mineralization within the host Arabian Fault structure. Drilling is continuing with the rig currently testing the shallowerportion of the Perry zone, up-dip of hole PC25-156.

Drill Highlights

Hole PC25-159

28.41 metres (“m”) at 0.68 g/t gold and 6.04 g/tsilver from 318.61m downhole
including:

• 3.96m at 1.66 g/t gold and 7.6 g/t silver from 318.61mdownhole 

• 1.40m at 2.99 g/t gold and 8.2 g/t silver from 327.42 mdownhole 

• 2.34m at 1.74 g/t gold and 12.85 g/t silver from 344.88downhole 

Hole PC25-160

66.39m at 0.293 g/t gold and 1.364 g/t silver from327.66m downhole

including:

• 1.07m at 1.46 g/t gold and 1.2 g/t silver from 327.66 mdownhole
   

• 1.34m at 1.87 g/t gold and 9.8 g/t silver from 367.25 mdownhole 

True thickness is estimated at approximately 60% ofdrilled thickness.

The Perry zone is now defined as approximately 165m instrike length, truncated by sub east-west structural complexities. Such structures appear to crosscut the Arabian fault that is thehost structure for all the known mineralization at Philadelphia.  Itnow appears that PC25-159 was drilled structurally above themineralizing system. The depth to the “pay zone” is as yetundetermined.

A similarly down-dropped block is proposed to the southin hole PC26-160.  That hole is again interpreted to have beendrilled above that part of the mineralizing system.

Lex Lambeck, Senior Vice-President Explorationcomments, “We did notexpect to drill into bounding faults to constrain the strike length ofthe Perry zone. Drilling continues however as the zone is not fullydefined up dip and is completely open at depth. We expect to see goodgrades in both directions.

At depth we are awaiting a drillpermit to move onto new drill pads to the east.  The permit isexpected within months. These pads will provide cost effective setupsfor drilling the target zone to depth. Our model suggests grades willpersist in that direction.      

The Arabian fault is a major controlfor all Philadelphia mineralization. It continues along strike and islargely open at depth. Importantly, it dips below the conspicuous RedHills hydrothermal alteration cap and similar alteration areas furthereast.

We are pleased to be starting ageophysical program to provide drill-ready targets on the Red Hills(eastern) and northern parts of the property. That program isdiscussed below.”

Core Holes PC25-159, PC25-160 andPC25-161

• Hole 159 is located 60m north of the thick stockworkzone in hole PC25 -158 (reported January 6th, 2026) and 165m north ofa high-grade intercept in PC25-156 (reported Sept. 17th,2025). 

  • The mineralizing horizon in Hole PC25-159 appears tohave been offset by a sub-east-west fault structure; The structure wasobserved in the drill log of hole PC25-158 and the ore shoot remainsopen down dip. 

• Hole PC25-160 is located 60m south of hole PC25-156,the ore zone has narrowed and tightened, forming an aquitard togold-bearing fluid. 

• Both PC25-159 and PC25-160 drill holes suggest theyhave been affected by sub-east-west fault structures that havecrosscut the Arbian fault in a piano key affect, with both up and downfault movement as observed in the 3D Discover model. 

• Drill hole PC25-161, drilled south of PC25-160, has yetto be assayed. The vein zone appears visually approximately twice thewidth observed in previous holes; however, quartz veining is lessdeveloped, and the significance of this increased width will bedetermined upon receipt of assays. 

Click Image To View Full Size

Core Hole PC26-162

Core hole PC25-162 is in progress. It is a shallowerhole than six previous holes and is designed to test the Perry zoneapproximately 60m north of PC25-136, targeting the interpreted up-dipcontinuation of mineralization from holes PC25-156 and 158.

Geophysical (CSAMT) Program

A geophysical survey is underway to support ongoinggeological mapping and surface sampling programs and to refineexisting targets.  The method being used is a Controlled Source AudioMagnetotelluric (CSAMT) survey.  Zonge International has beencontracted to complete 10 lines covering the eastern and northeasternportions of the property, as well as along the southern extension ofthe Arabian Fault. A test survey had previously determined thepotential effectiveness of the methodology. Follow up would use 3Dgeophysical inversion modeling.

The new dataset will be integrated with historicalhyperspectral coverage and legacy geophysical data to generate acomprehensive 3D model of the property. Notably, several of thestrongest hyperspectral anomalies occur in the eastern andnortheastern areas, where current CSAMT coverage is focused. Theintegrated interpretation is expected to enhance target definition andprioritize potential future follow-up drill targets.

QA/QC Protocols

The HQ core is delivered in its entirety to SkylineLabs in Tucson, Arizona where it is sawed in half based upon sampleintervals designated by the project geologist. Half of the core iscrushed, pulverized and analyzed by fire assay with an A.A. finish forgold.  A four-acid digestion and ICP analysis is used for silver andtrace metal determinations. Any values greater than 5 gpt gold arere-run by fire assay with a gravimetric finish.  The remaining corehalf is preserved for further studies.  Coarse rejects from crushingwill be saved for metallic screen analyses, if warranted, and futuremetallurgical testing.

Qualified Person

Lex Lambeck, Senior Vice President - Exploration and aCertified Professional Geologist (#11734) is a Qualified Person underNational Instrument 43-101 (“NI 43-101”) and has reviewed andapproved the technical information contained in this newsrelease.

About Arizona Gold & SilverInc.

Arizona Gold & Silver Inc. is a leading explorationcompany focused on uncovering precious metal resources in Arizona andNevada. With a commitment to sustainable practices and innovativeexploration techniques, the company aims to drive value forstakeholders while prioritizing environmental stewardship. Theflagship asset is the Philadelphia gold-silver property where theCompany is drilling off an epithermal gold-silver system ahead of aninitial resource calculation.

On behalf of the Board of Directors:

ARIZONA GOLD & SILVER INC.

Mike Stark, President and CEO,Director
Phone: (604) 833-4278

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

CAUTION CONCERNING FORWARD-LOOKINGSTATEMENTS

This news release includes certain forward-lookingstatements or information. All statements other than statements ofhistorical fact included in this release are forward-lookingstatements that involve various risks and uncertainties.Forward-looking statements in this news release include statements inrelation to the timing, cost and other aspects of the 2026 explorationprogram; the potential for development of the mineral resources; thepotential mineralization and geological merits of the explorationproperties; and other future plans, objectives or expectations of theCompany. There can be no assurance that such statements will prove tobe accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany’s plans or expectations include the risk that actual resultsof current and planned exploration activities, including the resultsof the Company’s 2026 drilling program(s) on its properties, willnot be consistent with the Company’s expectations; the geology,grade and continuity of any mineral deposits and the risk ofunexpected variations in mineral resources, grade and/or recoveryrates; fluctuating metals prices; possibility of accidents, equipmentbreakdowns and delays during exploration; exploration cost overruns orunanticipated costs and expenses; uncertainties involved in theinterpretation of drilling results and geological tests; availabilityof capital and financing required to continue the Company’s futureexploration programs and preparation of geological reports andstudies; delays in the preparation of geological reports and studies;the metallurgical characteristics of mineralization contained withinthe exploration properties are yet to be fully determined; generaleconomic, market or business conditions; competition and loss of keyemployees; regulatory changes and restrictions including in relationto required permits for exploration activities (including drillingpermits) and environmental liability; timeliness of government orregulatory approvals; and other risks detailed herein and from time totime in the filings made by the Company with securities regulators. Inconnection with the forward-looking information contained in this newsrelease, the Company has made numerous assumptions, including that theCompany’s 2026 programs would proceed as planned and within budget.The Company expressly disclaims any intention or obligation to updateor revise any forward-looking statements whether as a result of newinformation, future events or otherwise, except as otherwise requiredby applicable securities legislation.

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