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Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) announced that it has closed its previously announced strategic private placement with Evolution Mining Gold Operations, raising approximately C$12 million to fund exploration at its Philadelphia Gold-Silver Project in Arizona. Evolution, a wholly owned subsidiary of Evolution Mining Limited, acquired about 15.1 million units of Arizona Gold & Silver at C$0.80 per unit.

Vancouver, British Columbia – TheNewswire - August 20, 2026 – Arizona Gold & Silver Inc. (“Arizona” or the “Company”) (TSXV: AZS) (OTCQB: AZASF ) is pleased to announce that it has closed its previously announced non-brokered strategic private placement with Evolution Mining Gold Operations Ltd. (“ Evolution ”), a wholly owned subsidiary of Evolution Mining Limited (“ Evolution Mining ”) pursuant to which Evolution has acquired 15,056,004 units of the Company (each a “ Unit ”), at a price of C$0.80 per Unit, for aggregate gross proceeds of approximately C$12,000,000 1 (the “ Investment ”). No bonus, finder's fee, commission, agent's option or other compensation was paid or is payable with respect to the Investment. Each Unit consists of one common share of the Company (a “ Common Share ”) and one-half of one common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle Evolution to acquire one Common Share at a price of C$1.00 for a period of three years from the closing date of the Investment.

Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) earlier this week highlighted new diamond drilling results from the Perry Zone at its Philadelphia Gold-Silver Project in the Oatman District of northwest Arizona, with senior vice president of exploration Lex Lambeck pointing to continuity in the vein system and further drilling opportunities. Speaking with Proactive, Lambeck said the latest program followed up on high-grade results reported last year and earlier this year, with the company drilling up dip to infill the area.

Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) earlier this week highlighted new diamond drilling results from the Perry Zone at its...

Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) said it has extended both high-grade and broad zones of gold mineralization at its Philadelphia project in Arizona, roughly 150 metres vertically above previously reported high-grade intersections in the Perry Zone. Hole PC26-169 returned 21.79 metres grading 4.1 g/t gold and 5.8 g/t silver within a broader interval of 73.46 metres grading 1.69 g/t gold and 4.4 g/t silver.

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Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) has landed a C$12 million investment from gold major Evolution Mining, which is taking a near-10% stake in the junior to help fund a major drilling push at its Philadelphia Gold-Silver Project in Arizona. Under the deal, announced Tuesday, Evolution Mining Gold Operations Ltd, a subsidiary of Evolution Mining Limited, will acquire just over 15 million units of Arizona Gold & Silver in a non-brokered strategic private placement at C$0.80 per unit.
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