Arizona Metals Corp. Announces Graduation to the Toronto Stock Exchange

TORONTO--(BUSINESS WIRE)-- Arizona Metals Corp. (TSX.V:AMC, OTCQX:AZMCF) (the "Company" or "Arizona Metals") is pleased to announce that, further to its news release dated October 3, 2022, the Company has received final approval to list its common shares (the “Common Shares”) on the Toronto Stock Exchange (the “TSX”).

“We are very pleased to graduate to Canada’s largest stock exchange, which is a significant milestone for the Company and our shareholders, and a reflection of the hard work and exploration success by our team at the Kay Mine Project since listing, ” commented Marc Pais, President and CEO of the Company.

Upon listing on the TSX, the trading symbol for the Common Shares will remain as “AMC”. The Common Shares will begin trading on the TSX effective as of the opening of the market on October 13, 2022. In conjunction with listing on the TSX, the Common Shares will be delisted from the TSX Venture Exchange (the “TSXV”) upon commencement of trading on the TSX. Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing. There will be no change in the Company’s CUSIP.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221011005473/en/

Marc Pais

President and Chief Executive Officer

Arizona Metals Corp.

(416) 565-7689

mpais@arizonametalscorp.com

www.arizonametalscorp.com

https://twitter.com/ArizonaCorp

Source: Arizona Metals Corp.