Arizona Metals

Arizona Metals Corp. Announces Stock Options Grant

Toronto, Ontario--(Newsfile Corp. - June 4, 2020) - Arizona Metals Corp. (TSXV: AMC) (the "Company" or "AMC"), would like to announce that it has granted an aggregate of 1,450,000 incentive stock options to certain officers, directors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.66 per common share, vest immediately on the date of grant and have an expiry date of June 4, 2025.

About Arizona Metals Corp.

AMC is a mineral exploration company based in Toronto, Ontario. AMC owns 100% of approximately Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8g/t gold, 3.03% zinc, and 55g/t silver". The historic estimate at the Kay Mine was reported by Exxon Minerals in 1982. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

The Kay Mine is a steeply dipping VMS deposit that has been defined from a depth of 150m to at least 900m. It is open for expansion on strike and at depth.

The Company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a historic estimate of "100 million tons containing 1.5 million ounces gold" at a grade of 0.5g/t (Dausinger, 1983, Westworld Resources).

The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.

The Qualified Person who reviewed and approved the technical disclosure in this release is David Smith, CPG.

For further information, please contact:

Marc Pais
President and CEO Arizona Metals Corp.
(416) 565-7689
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp

Disclaimer

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to US newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States

ABOUT ARIZONA METALS


For more information visit www.arizonametalscorp.com

Arizona Metals

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Arizona Metals Corp Announces Drilling at Its Sugarloaf Peak Heap-Leach Gold-Oxide Project in La Paz County, Arizona Intersects 122 m of 0.31 g/t Gold From Surface, Including 18 m of 0.47 g/t Gold, and 19 m of 0.43 g/t Gold.
Arizona Metals Corp Announces That an Independent Metallurgical Review of the Kay Mine Demonstrates the Potential to Produce Clean, Saleable Copper and Zinc Concentrates Using Standard Processing Methods
Arizona Metals Corp announces that Kay Mine drilling up-dip of the Hinge Zone intersects 39.9 m of 3.4% CuEq (incl. 3.5 m of 11.6% CuEq and 3.5 m of 6.6% CuEq) and down-dip hits 38.4 m of 2.9% CuEq, (incl. 12.5 m of 6.0 % CuEq)
Arizona Metals Corp Announces Drilling at its Sugarloaf Peak Heap-leach Gold-oxide Project in La Paz County, Arizona Intersects 137 m of 0.53 g/t Gold From Surface, Including 99 m of 0.62 g/t Gold, and 30 m of 0.90 g/t Gold
Arizona Metals Corp announces that Kay Mine drilling in South Zone Fold Hinge intersects 43.1 m of 3.9% CuEq, (incl. 15.2 m of 6.7% CuEq), and 27.6 m of 2.9% CuEq (incl. 3.5 m of 6.7% CuEq)
Arizona Metals Corp Announces South Zone Branch Hole KM-20-10A Intersects 10.7 m of 4.4% CuEq, and North Zone Hole KM-20-11 Intersects 2.7 m of 9.2% CuEq
Arizona Metals Corp Announces Start of Drilling at Its Sugarloaf Peak Project Heap-Leach Gold-Oxide Target in La Paz County, Arizona; Two Drills Continue Turning at the Kay Mine Gold-Copper VMS Phase 1 Program in Yavapai County, Arizona
Arizona Metals Corp Announces trunk Hole KM-20-10 Intersects 4.9 m of 6.2% CuEq, as well as 0.6 m of 9.6g/t AuEq and 1.6m of 3.1% CuEQ, at its Kay Mine VMS Project in Arizona
Arizona Metals Corp Announces Metallurgical Drill Program at its Sugarloaf Peak Project in La Paz County, Arizona
Arizona Metals Corp Announces Drilling at the Kay Mine South Zone Intersects Massive Sulphides in a Previously Untested Area
Arizona Metals Corp. Announces Closing of $6,045,000 Bought Deal Financing, including Exercise in Full of Underwriters' Option
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