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AZS.V ·

Arizona Gold & Silver Inc. Announces Option Grants

Share Capital & Compensation

Arizona Gold & Silver Inc. Announces Option Grants

Vancouver, British Columbia / September 15, 2025 – Arizona Gold & Silver Inc. (the

"Company" or “Arizona Gold”) (TSX-V: AZS) (OTCQB: AZASF) TheCompany wishes to
announce that, subject to the approval of the TSX Venture Exchange, it has granted incentive stock options to
purchase a total of 2,222,481 common shares at price of $0.37 for a period of five years to its officers, directors,
and certain consultants in accordance with the provisions of its stock option plan. The stock options will vest
immediately and are subject to a four month hold period.

Arizona Gold & Silver Inc. is pleased to offer these options to our dedicated team who have demonstrated leadership and excellence in their individual areas.

About Arizona Gold & Silver Inc.

Arizona Gold & Silver Inc. is a leading exploration company focused on uncovering precious metal resources in Arizona and Nevada. With a commitment to sustainable practices and innovative exploration techniques, the company aims to drive value for stakeholders while prioritizing environmental stewardship. The flagship asset is the Philadelphia gold-silver property where the Company is drilling off an epithermal gold-silver system ahead of an initial 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 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.