Arizona Metals Corp provides corporate and exploration updates

Arizona Metals Corp. has provided a year-end review and updates on both its Kay and Sugarloaf Projects. During 2022, the Company completed approximately 33,000 metres of core drilling at the Kay Mine Deposit, received drill permits for both the Central and Western Targets, and initiated drilling on targets outside the Kay Mine Deposit.

Marc Pais, CEO, commented “As we begin 2023, I want to take a moment to reflect on the past year and share some of our accomplishments. First, I want to thank our shareholders for your continued support and belief in Arizona Metals. Your trust and investment has been a driving force in creating one of the best-financed explorers listed on the TSX, and advancing what we believe to be one of the world’s premier VMS exploration projects.

This past year has been a challenging one, with the global pandemic continuing to delay some aspects of our work programs. Despite these challenges, our team has remained focused and dedicated to delivering on our commitments and adapting to the changing landscape. We are pleased to report that towards the end of 2022 we did see a marked improvement in permitting timelines, and the Kay Mine Project is now fully-permitted to complete the Phase 3 drill program of 76,000 metres. Looking forward, we will continue to focus on delivering value and driving long-term growth for our shareholders, alongside the Kay and Sugarloaf local communities.

The Company is fully-funded (with $58 million in cash at Sept 30, 2022) to complete the remaining 8,600 meters planned for the Phase 2 program at Kay (budgeted at $3.6 million), as well as an additional 76,000 meters in the Phase 3 program (budgeted at $32 million), which will be used to test the numerous parallel targets heading

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