Arizona Gold & Silver to raise C$12 million in private placement with Evolution Mining

• Arizona Gold & Silver agreed to a C$12 million non-brokered private placement led by Evolution Mining Gold Operations.
• Evolution to buy 15,056,004 units at C$0.8 per unit; each unit includes one share, one-half warrant exercisable at C$1.
• Evolution expected to hold about 9.9% on a non-diluted basis once the financing closes.
• Company earmarked about C$10.8 million for exploration at the Philadelphia Gold-Silver Project; about C$1.2 million for G&A.
• Investor rights package includes pro rata participation, board nominee or observer, technical committee role, first refusal on a 10%+ Philadelphia stake sale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arizona Gold & Silver Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202608041035TNWSWRCACNPR_____1BKRF1Pl2) on August 04, 2026, and is solely responsible for the information contained therein.