Arizona Silver Exploration Inc.
Arizona Silver Commences Drilling on Its 100% Owned Ramsey Silver Project, La Pas County, Arizona

Vancouver, British Columbia–(Newsfile Corp. – February 27, 2018) – Arizona Silver Exploration Inc. (TSXV: AZS) (OTCQB: AZASF) (the ‘Company’ or ‘Arizona Silver’) is pleased to announce it has commenced reverse circulation (‘RC’) drilling on its 100% owned Ramsey silver project located in La Paz County, Arizona.

Q1 2018 RC Drilling Program

Phase 1 of the 2018 RC exploration drilling program at the Ramsey silver project consists of six holes to be drilled to the northeast of the previous series of eleven drill holes which have all intersected disseminated silver across tens of metres in iron-rich Tertiary rhyolite and underlying Cretaceous metasediments above a low angle detachment fault floored by Precambrian granite.

The first hole, R1801was drilled vertically 50 metres northeast of vertical core hole R1605-C, which intersected 47.7 metres grading 32.4 gpt Ag from 76.4 to 123.8 metres below 30 metres of post-mineral cemented alluvium. R1801 drilled through 53.35 metres of post-mineral cemented alluvium before entering the iron-rich Tertiary rhyolite, and drilled through the target interval before penetrating the detachment fault and underlying granite, terminating at 183 metres depth. The samples for R1801 have been delivered to the laboratory for sample prep and analyses.

Drill hole R1802 was drilled 33 metres south of R1801 and was designed to test the target section encountered in the previous eleven holes in the target area. It drilled through 44.2 metres of post-mineral cemented alluvium before encountering the iron-rich host Tertiary rhyolite and the target section, intersecting the detachment fault at 170.7 metres and terminating in granite at 180 metres.

Drill hole R1803 was drilled 33 metres southeast of R1802 and is in progress as of this press release, having drilled through 35 metres of post-mineral cemented alluvium before entering the iron-rich rhyolite and target interval.

Drill holes R1804, R1805, and R1806 will also be drilled at 33-metre intervals to obtain a sense of the continuity and variability of mineralization along a fence of holes covering approximately 200 metres of length before planning further drill holes to test beneath the extensive post-mineral cemented alluvium which conceals the host geology and any surface expression of the mineral system.

A second phase of drill holes consisting of 10 RC holes have also been permitted on patented claims with the Arizona Department of Water Resources, pending receipt of results from this round of drilling and fine-tuning of the actual locations to be drilled based upon the results received from this initial round of drilling.

QA/QC and Analytical Procedures

All drill hole samples are stored on site prior to transport under strict chain of custody to the ALS Minerals sample preparation facility in Tucson, Arizona. Samples are dried, and then each sample is crushed to 70% passing 2 mm, a 250 gram split is taken and pulverized to 85% passing 75 microns, subject to a four-acid digestion, and then analyzed by ICP/MS for a 48-element package including silver, lead, zinc, and barium. Samples over 100 ppm silver and over 10,000 ppm lead or zinc are re-analyzed using ICP for higher concentration levels. Selected intervals with high silver values are re-submitted for 1-assay ton fire assays for gold.

Greg Hahn, President and CEO of the Company, and a Certified Professional Geologist (#7122) is the Qualified Person under NI 43-101 responsible for preparing and reviewing the data contained in this press release.

About Arizona Silver Exploration Inc.

Arizona Silver is a young exploration company focused on exploring the historically producing Ramsey Mine in Western Arizona. Surface mapping, geophysical surveying, geochemical sampling, and one year of drilling have identified a large area carrying strong surface geochemical values adjacent to the historic mine. The eleven holes drilled to date have intersected significant silver mineralization across tens of meters of thickness beneath tens of meters of alluvial cover and altered rhyolite.

Please refer to our web site for all news and updated 2018 drill campaign locations. www.arizonasilverexploration.com

ON BEHALF OF THE BOARD OF DIRECTORS:

ARIZONA SILVER EXPLORATION INC.

Greg Hahn, President and CEO

Contact: Mike Stark, Chairman and 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.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2018 program on the Ramsey property; the potential for development of the mineral resources; the potential mineralization and geological merits of the Ramsey property; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company’s 2018 drilling program(s) on the Ramsey property, will not be consistent with the Company’s expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company’s future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the Ramsey property are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company’s 2018 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.