Gold

(TheNewswire)

Canstar Resources Inc.

Includes 58.2 g/t Over 1.1 Metres

Toronto, Ontario TheNewswire - July 5, 2022 Canstar Resources Inc. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company ") is pleased to announce new assay results for diamond drilling at the Kendell prospect on its Golden Baie property in south-central Newfoundland. Drilling took place in February and March 2022 and consisted of 2,907 metres ("m") in 39 holes. Notable drill intercepts are provided in Table 1 and full results are in Table 2 at the end of this release.

Table 1 - Notable intercepts from the 2022 Kendell prospect winter drill program

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

GB-22-64

34.0

36.0

2.0

9.5

GB-22-65

34.6

37.6

3.0

6.2

GB-22-72

28.4

34.4

6.0

6.7

inc.

30.4

31.4

1.0

15.2

inc.

33.4

34.4

1.0

13.3

GB-22-74

14.0

17.7

3.7

2.5

and

27.7

31.0

3.4

5.1

GB-22-92

52.5

56.1

3.6

6.1

inc.

55.7

56.1

0.4

44.9

GB-22-93

46.9

50.0

3.1

4.3

GB-22-94

47.0

50.5

3.5

20.6

inc.

47.8

48.9

1.1

58.2

GB-22-96

36.4

39.4

3.0

11.0

and

42.4

46.0

3.6

3.0

GB-22-97

34.0

43.0

9.0

4.3

inc.

42.0

43.0

1.0

15.1

Notes :

  1. All intersections are downhole length as there is insufficient information to calculate true width.

  2. Reported grades have not been capped.

Matthieu Lapointe, Vice President of Exploration for Canstar, commented: "This was the Company's first winter drill program on the Golden Baie project and we are very pleased with how the program was executed and also with the assay results. Gold mineralization was significantly extended downdip and we encountered the thickest auriferous quartz vein drilled yet in hole GB-22-94. We believe gold mineralization remains open to the northwest and southwest. Additional drilling is planned for this fall after downhole Acoustic/Optical Televiewer work has been done, further advancing our understanding of vein orientation."

Gold Mineralization at Kendell Extended at Depth and Along Strike

The 2022 winter drill program at the Kendell prospect was designed to test the continuity of gold mineralization downdip to the northwest and along strike to the northeast and southwest of the previously-drilled mineralized intercepts (Figure 1). The best mineralized intercepts in the 2021 drilling program appear to follow a structure, interpreted from ground magnetics, that strikes northwest-southeast and dips gently in that direction. Gold mineralization was generally in the form of fine grains in centimetre-scale quartz veins with additional gold mineralization associated with arsenopyrite and/or stibnite in the adjacent wall rocks. Mineralized intercepts are focused in the hanging wall of a sheared black shale horizon (Figure 2).


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Figure 1 - Plan map of the Kendell prospect showing 2021 and 2022 drill collars and mineralized intercepts


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Figure 2 - Vertical section A-A' of the Kendell prospect based on 2021 and 2022 drilling (looking northeast)

The 2022 Kendell drill results successfully extended gold mineralization downdip to the northwest. Hole GB-22-92 intersected 6.1 g/t gold over 3.6 m at a downhole depth of 52.5 m, including 44.9 g/t over 0.4 m. This intercept is approximately 80 m downdip of hole GB-21-53, which intersected 12.2 g/t gold over 3.9 m, extending the total known downdip length of gold mineralization at the Kendell prospect to approximately 180 m. The best intercept in the 2022 winter drill program was in hole GB-22-94, which intersected 20.6 g/t gold over 3.5 m, including 58.2 g/t over 1.1 m in the thickest quartz vein encountered in drilling to date. Due to its gentle dip, gold mineralization remains shallow. Hole GB-22-95, which was oriented to the northwest to test downdip of hole GB-22-94, did not intersect significant mineralization. Hole GB-22-95 may not have been drilled at the optimal orientation and possibly deviated from the target horizon. The Company intends to obtain a higher precision bore hole survey of GB-22-95 during the planned Televiewer work.

Winter drilling at Kendell also extended gold mineralization along strike to the southwest. Hole GB-22-64 intersected 9.5 g/t gold over 2.0 m and hole GB-22-72 intersected 6.7 g/t gold over 6.0 m approximately 10 m southwest of previously-drilled intercepts . Gold mineralization remains open along strike to the southwest. Drilling to the northeast, approximately 10 m from previous intercepts, did not return significant gold mineralization. Downhole televiewer work is expected to provide additional information on the orientation of mineralized quartz veins, which will enhance the understanding of the mineralization and optimize the azimuth for future drilling.

A thick quartz vein encountered in hole GB-22-94 (Figure 3) suggests the potential for broader zones of high grade gold mineralization where structures opened up through progressive deformation during orogenesis.


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Figure 3 - Drill core from GB-22-94 with large quartz vein starting at downhole depth of 47.8 m (visible gold within red circles)

Gold mineralization may be related to a lithological contact between the Isle Galet formation sedimentary rocks and black shales of the Riches Island formation (Figure 4), which also corresponds with a trend of anomalous till sample and grab sample results (see news release dated May 4, 2022 ). Multiple regional faults striking northeast-southwest, parallel to the Day Cove Thrust, are believed to exist on the Golden Baie property and these regional faults may be important controlling structures for orogenic gold mineralization, as seen in other recent gold discoveries in central Newfoundland.


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Figure 4 – Plan map of the Kendell prospect area showing interpreted faults, lithologies and select gold anomalies in grab samples and till samples

Gold Association with Arsenic and Antimony

The 75 diamond drill holes completed to date at the Kendell prospect in 2021 and 2022 indicate a very strong correlation between gold mineralization and arsenic and antimony. The gold-arsenic-antimony association is a well-defined hallmark of world-class gold producers such as the Fosterville, Bendigo and Ballarat mines of the Victorian Goldfields. The Golden Baie property has numerous areas with significant arsenic and antimony anomalies based on soil geochemistry (Figure 5), which are priority areas for regional exploration. The size and extent of these anomalies, combined with multiple rock samples with anomalous gold spanning a strike length of 40 km, indicate the potential for multiple gold mineralized structures on the district-scale Golden Baie property.

Additional soil sampling is planned for multiple locations on the Golden Baie project in 2022 to infill areas that have not been sampled or have historic soil samples with only gold assay data.


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Figure 5 – Significant gold-arsenic-antimony anomalies on the Golden Baie project based on soil samples

QA/QC:

All 2021 and 2022 drilling was of NQ-sized drill core. Core samples were split with a diamond saw and half-core retained for further study after being detail logged and photographed. 2022 drill core samples were collected by company personnel and shipped to SGS Labs, Lakefield, ON for preparation of assay pulps. Gold analysis is completed in the SGS Labs, Burnaby, BC with a 30 g fire assay and AAS finish (code GE_FAA30V5). Samples returning >1 g/t Au are re-assayed with a gravimetric finish (code GO-FAG30V). Mineralized zones with visible gold are also analyzed by a 500 g screen fire assay with screening to 106 microns (code GO-FAS30M).

Soils are dried at a secure company facility and will be processed at SGS Labs using the GE_FAM50V5 assay method for gold (1-2,000 ppb Au detection) and the GE-IMS21B20 method, an ICP-MS analysis that captures 37 elements including trace level detection of pathfinders such as, Sb and W.

Canstar's QAQC program utilizes four commercially available reference standards, blanks and duplicate samples to ensure data quality. In addition, duplicates of selected samples are being sent to a second laboratory as check assays.

Qualified Person

Matthieu Lapointe, B.Sc., P.Geo, Vice President Exploration of Canstar, and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the scientific and technical data presented herein and has reviewed and approved this release.

Table 2 - Kendell prospect 2022 winter drilling assay results

Hole ID

From (m)

To (m)

Length (m)

Au (g/t)

GB-22-63

18.5

22.5

4.0

0.5

GB-22-64

34.0

36.0

2.0

9.5

GB-22-65

20.1

25.0

5.0

1.0

and

34.6

37.6

3.0

6.2

GB-22-66

NSR

GB-22-67

6.0

6.5

0.5

5.7

GB-22-68

7.0

9.0

2.0

2.6

GB-22-69

NSR

GB-22-70

NSR

GB-22-71

NSR

GB-22-72

15.4

17.4

2.0

2.1

and

28.4

34.4

6.0

6.7

inc.

30.4

31.4

1.0

15.2

inc.

33.4

34.4

1.0

13.3

GB-22-73

14.0

17.0

3.0

4.7

and

27.0

36.0

9.0

0.5

GB-22-74

14.0

17.7

3.7

2.5

and

27.7

31.0

3.4

5.1

GB-22-75

16.0

18.0

2.0

0.5

GB-22-76

15.9

17.9

2.0

0.7

GB-22-77

19.0

20.0

1.0

2.2

GB-22-78

18.0

18.9

0.9

1.6

GB-22-79

NSR

GB-22-80

NSR

GB-22-81

7.0

21.3

14.3

0.3

GB-22-82

5.5

23.5

18.0

0.2

GB-22-83

15.5

16.0

0.5

7.6

GB-22-84

NSR

GB-22-85

8.0

19.6

11.6

0.2

GB-22-86

7.5

16.0

8.5

0.3

GB-22-87

9.0

13.0

4.0

0.7

GB-22-88

3.0

16.5

13.5

0.2

GB-22-89

2.0

14.0

12.0

0.2

GB-22-90

9.5

11.6

2.1

2.4

GB-22-91

9.0

10.0

1.0

1.7

GB-22-92

52.5

56.1

3.6

6.1

inc.

55.7

56.1

0.4

44.9

and

61.6

64.2

2.6

1.5

GB-22-93

46.9

50.0

3.1

4.3

GB-22-94

47.0

50.5

3.5

20.6

inc.

47.8

48.9

1.1

58.2

and

55.0

56.0

1.0

2.6

GB-22-95

NSR

GB-22-96

36.4

39.4

3.0

11.0

and

42.4

46.0

3.6

3.0

GB-22-97

34.0

43.0

9.0

4.3

inc.

42.0

43.0

1.0

15.1

and

45.0

46.9

1.9

1.7

GB-22-98

NSR

GB-22-99

NSR

GB-22-100

27.0

28.5

1.5

0.5

and

53.0

54.0

1.0

0.6

GB-22-101

56.0

57.0

1.0

0.6

Table 3 - Kendell prospect 2022 winter drilling collar locations and drill hole details

Hole

Location

Easting NAD83

Northing NAD83

Azimuth

Dip

Total Length (m)

GB-22-63

Kendell

596807

5298139

135

-46

91

GB-22-64

Kendell

596807

5298139

136

-65

82

GB-22-65

Kendell

596807

5298139

127

-83

82

GB-22-66

Kendell

596844

5298105

135

-46

52

GB-22-67

Kendell

596844

5298105

132

-64

52

GB-22-68

Kendell

596844

5298105

121

-84

55

GB-22-69

Kendell

596841

5298099

93

-45

52

GB-22-70

Kendell

596841

5298099

100

-59

0

GB-22-71

Kendell

596841

5298099

99

-69

52

GB-22-72

Kendell

596828

5298116

108

-69

67

GB-22-73

Kendell

596828

5298116

90

-54

61

GB-22-74

Kendell

596828

5298116

91

-45

61

GB-22-75

Kendell

596826

5298120

128

-45

70

GB-22-76

Kendell

596826

5298120

129

-65

70

GB-22-77

Kendell

596826

5298120

118

-84

70

GB-22-78

Kendell

596806

5298125

131

-66

136

GB-22-79

Kendell

596806

5298125

132

-44

100

GB-22-80

Kendell

596806

5298125

136

-84

85

GB-22-81

Kendell

596885

5298118

130

-75

52

GB-22-82

Kendell

596885

5298118

134

-60

40

GB-22-83

Kendell

596885

5298118

135

-44

40

GB-22-84

Kendell

596894

5298131

128

-84

40

GB-22-85

Kendell

596894

5298131

129

-65

40

GB-22-86

Kendell

596894

5298131

130

-44

61

GB-22-87

Kendell

596908

5298118

137

-66

62.5

GB-22-88

Kendell

596908

5298118

137

-45

43

GB-22-89

Kendell

596900

5298111

140

-85

37

GB-22-90

Kendell

596900

5298111

133

-66

40

GB-22-91

Kendell

596900

5298111

137

-47

40

GB-22-92

Kendell

596768

5298190

140

-85

157

GB-22-93

Kendell

596768

5298190

134

-70

121

GB-22-94

Kendell

596768

5298190

132

-56

115

GB-22-95

Kendell

596768

5298190

311

-54

163

GB-22-96

Kendell

596788

5298173

130

-52

79

GB-22-97

Kendell

596788

5298173

129

-70

112

GB-22-98

Kendell

596808

5298180

132

-50

91

GB-22-99

Kendell

596809

5298180

128

-70

100

GB-22-100

Kendell

596783

5298145

131

-76

100

GB-22-101

Kendell

596820

5298167

131

-64

82

About Canstar Resources Inc.

Canstar Resources has a very experienced technical team and board who are focused on new mineral discoveries in Newfoundland, Canada. Central Newfoundland has emerged as one of the most exciting gold exploration districts due to recent high-grade orogenic gold discoveries along crustal scale fault corridors. The Company's flagship Golden Baie project, comprised of 774 km 2 of claims in south-central Newfoundland, has multiple high-grade gold anomalies at surface along 40 km of strike. The Company also holds the Buchans-Mary March project and other mineral exploration properties in Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ROX and trades on the OTCPK under the symbol CSRNF.

For further information, please contact:

Rob Bruggeman, President & CEO

Email: rob@canstarresources.com

Phone: 1-647-247-8715

Website: www.canstarresources.com

Forward-Looking Statements

Neither 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.

This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Copyright (c) 2022 TheNewswire - All rights reserved.

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(TheNewswire)

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(TheNewswire)

Canstar Resources Inc.

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Canstar Increases Winter Drill Program at Kendell Prospect

(TheNewswire)

Canstar Resources Inc.

Toronto, Ontario TheNewswire - March 16, 2022 Canstar Resources Inc. (TSXV:ROX ) & ( OTC:CSRNF) (" Canstar" or the "Company ") is pleased to announce an update on the winter drill program at the Kendell prospect, located in the central portion of its Golden Baie claim block which is at the southern end of the emerging central Newfoundland gold belt (Figure 1). Based on preliminary results, the Company is also pleased to announce that the winter drill program has been increased to 3,000 metres of diamond drilling, a 50% increase from the original 2,000 metre program that was announced on Feb. 8, 2022 .

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(TheNewswire)

Canstar Resources Inc.

Toronto, Ontario February 8, 2022 TheNewswire - Canstar Resources Inc. (TSXV:ROX ) ( OTCPK:CSRNF) (" Canstar" or the "Company ") is pleased to announce additional assay results from 2021 drilling and channel sampling from the Kendell prospect at its Golden Baie project in south Newfoundland. The Company also announces that a winter diamond drill program has commenced at the Kendell prospect. This program is expected to include up to 35 new drill holes which total approximately 2,000 metres and reflect the shallow nature of the mineralization.

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Canstar Acquires the Hermitage Property, Expanding its Newfoundland Gold Exploration Project Claims to 774 km2

(TheNewswire)

Canstar Resources Inc.

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(TheNewswire)

Arizona Silver Exploration Inc.

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Core Hole PC22-93

Core hole PC22-93 was drilled north of Arizona Silver's previously announced core holes. It tested below a prominent ridge on the Rising Fawn claim that had caught the attention of Meridian Gold in 1982. They drilled 14 shallow RC holes on the top of the ridge to test abundant gold-bearing quartz veins mostly in granite. As drill logs or geology are not available from that program, PC22-93 was drilled below the Meridian holes to provide a geological framework for our program.  The hole successfully intersected good quartz vein mineralization in the upper portion of the hole.

The interval 27.84 to 46.01 metres (18.17 metres) averaged 1.20 grams per tonne (gpt) gold and 13.31 gpt silver within a broader interval, 27.84 to 67.99 metres (40.15 metres) that averaged 0.78 gpt Au and 8.79 gpt Ag, in both rhyolite dike and footwall altered granite.  The gold-silver mineralization was terminated by a clay rich fault zone. Below the fault was barren propylitic granite. A single hole does not provide a handle on the orientation of this fault. Additional drilling is planned to test the quartz vein mineralization along strike both above and below the fault to expand the strike and dip of mineralization and to determine the geometry of the fault plane as a guide to deeper drilling.

Core Hole PC22-92T

Core hole PC-22-92T was intended to be a twin of RC hole PRC21-85 which intersected 115.85 metres of 1.34 grams per tonne (gpt) Au and 5.79 gpt Ag.   Core hole PC22-92T was set up about one metre away from the collar of RC hole -85 but deviated by about 20 degrees off azimuth to terminate about ten metres from the bottom of RC hole-85.

Core hole PC22-92T intersected a zone of mineralization from 119.51-154.57 metres (35.05 metres) averaging 0.85 gpt gold and 5.27 gpt silver, including an upper vein intercept of 5.32 gpt gold and 13.7 gpt silver from 121.04-122.1 metres, all within a very broad zone from 50.91-188.41 metres (137.5 metres) averaging 0.41 gpt gold and 2.22 gpt silver, as defined by an outer cut-off of 0.2 gpt gold.

The upper 71 metres of the intercept was in the hanging wall volcanics without any attendant quartz veining. The host lithologies in the core hole are identical to those encountered in RC hole PRC21-85 but all contacts are approximately 30 meters deeper in the core hole than in the adjacent RC hole. This provides evidence for a steep fault separating the two holes. In fact the core hole appears to have gone down a fault zone, with many intervals of crushed and broken rock and poor to no recovery. As a result, we do not consider do hole PC22-92T to be a fair "twin" of PRC21-85.

Both drill hole intercepts are approximately true widths.

Program Going Forward (reference News Release dated June 21, 2022)

The Northern Extension

From the site of the PC-22-93 drill hole reported in this release, we plan to drill southward to the Shark Fin area towards excellent holes PC-22-86 thru PC22-91. This open extension to the Shark Fin area is expected to host both vein and stockwork mineralization over a width of 30-80 metres.  Up to 26 RC drill holes (~5000 metres) have been designed to test a target area approximately 500 metres long.  First pass drilling will test the area to a vertical depth of approximately 100 metres.

The Southern Gap

From the site of the PC-22-91 reported in the June 21, 2022 news release, we plan to drill to the south for a strike length of 300 metres. This Southern Gap is bounded to the south by an array of Arizona Silver drill holes, including drill hole PC-22-92T reported in this news release. This target area is scheduled for drilling when we can get a core rig back on the property.

Mr. Greg Hahn, Vice President, Exploration commented, "Core hole PC22-93 is our first drill hole north of drill hole PC22-86 through PC22-91 which all intersected good gold mineralization in the upper vein and stockwork zone beneath the upper vein. Hole PC22-93 is located 350 metres north of the previously drilled core holes beneath a hill of very prominent gold-bearing quartz veins.  The results of this hole are encouraging and require us to follow up with additional drilling to flesh out the extent of the gold bearing quartz veins along the entire strike length of the hill which is about 450 meters.

"We now have gold mineralization in drill holes along 750 metres of strike length and + 200 metres of dip extension that needs to be fleshed out with additional drilling.  The gold zone remains open along strike and down dip.  Recent and ongoing geologic mapping and sampling north of hole PC22-93 for a distance of another 500 metres demonstrates abundant white quartz veining and stockwork mineralization on the ridge that has never been drilled. Again, this area needs to be drilled and is all on patented claims. I look forward to a resumption of drilling following the summer heat."

Geologic and assay section for the hole is posted to the web site at :
https://arizonasilverexploration.com/wp-content/uploads/2022/08/SectionD_7Aug2022_Layout-PRa.pdf

QA/QC Program

All assaying was conducted by ALS Global, an independent analytical laboratory. Core was trucked to the ALS sample preparation facility in Tucson, Arizona, where the samples are inventoried, 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 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) 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.

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. The company has recently received a positive Record of Decision on its Notice of Intent to drill an initial twelve exploration holes on its recently acquired Silverton gold-silver property that hosts Carlin-type targets. Drilling there will be scheduled as time and equipment allow.

Please take a moment and listen to Greg Hahn narrate our latest PowerPoint now available on the website link:

and visit our website at: 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 2022 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 2022 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 permits 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 2022 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 required by applicable securities legislation .

Copyright (c) 2022 TheNewswire - All rights reserved.

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