Arizona Silver Exploration Inc. advised that it has completed its' first 2023 reverse circulation (RC) drilling program at the Philadelphia epithermal gold-silver project in Mohave County, Arizona. The program consisted of 12 holes for a total of 1256 metres. Assay results are awaited.

Five holes were completed on one of three patented claims known as the Rising Fawn Zone. All holes in the Rising Fawn Zone cut stockwork quartz mineralization as anticipated in a rhyolite dike and footwall granite. Importantly, panning of the selected drill cuttings revealed visible gold in several of the drill holes.

Seven of the holes were drilled in the GAP located in the Perry Zone, from a newly established drill pad in the central Perry claim. The new GAP drill holes intersected prominent green to gray quartz in a hanging wall (HW) vein in six of the seven holes. The vein is immediately beneath the overlying altered volcanics.

Mineralization continued below the HW vein in the form of silicification and stockwork quartz veins in the host rhyolite dike and underlying Precambrian granite. All seven holes had good intervals of silicification and stockwork quartz. Gold panning of drill cutting rejects from the HW vein zone from two of the drill holes in the GAP revealed visible gold.

Panning of drill rejects in the other GAP holes was not performed. The Company is currently permitting 40 holes from several drill sites on claims within Bureau of Land Management lands. These holes will test the down dip continuation of the Perry Zone and the recently identified strong CSAMT anomaly beneath the Red Hills bulk tonnage target.

Samples from all twelve holes will be shipped to the ALS sample preparation facility in Tucson, Arizona. Pulps will be shipped to the ALS analytical facility in Vancouver, BC for assaying.