Arizona Eagle Mining completes acquisition of three past-producing silver mines

Toronto, Ontario--(Newsfile Corp. - August 17, 2026) - Arizona Eagle Mining Corp. (TSXV: AZEM) (OTCQB: AZEMF) (the " Company " or " Arizona Eagle ") is pleased to announce that it has completed the acquisition of 62 acres of patented land that host three past-producing high-grade silver mines: the Arizona National Mine, the Lookout Mine and the Silver Belt Mine (the " Silver Parcels "). These five parcels are located on strike with, and approximately one kilometre northeast of, the Company's McCabe gold-silver deposit. The acquisition included an operating water well with extraction rights.

Kevin Reid, Chief Executive Officer of Arizona Eagle, commented:

"We are pleased to close the strategic acquisition of three past-producing high-grade silver mines, consolidating the Eagle Silver Project, located within close proximity of the gold and silver McCabe Mine. These high-grade silver mines served as major sources of silver production in Arizona until the 1930s. Mining operations at that time were limited to relatively shallow oxidized depths, with the deepest shaft reaching only 150 metres, allowing for the opportunity for further discoveries at depth. These mines have been privately held by multiple parties and dormant for almost 100 years. Surface sampling on the Eagle Silver property has returned grades up to 344 g/t silver, with sampling of the Arizona National Mine waste pile returning grades of up to 861 g/t silver and 15.6 g/t gold. An additional sampling program was recently completed on the newly acquired claims.

Applying the same strategy we are employing at the McCabe gold-silver deposit, we see the opportunity to revive these mines through the application of modern exploration methods and systematic drilling, and we firmly believe that the Eagle Project offers exceptional discovery potential in one of Arizona's most proli