Arizona Silver Announces Private Placement

Vancouver, British Columbia / November 5, 2018 – Arizona Silver Exploration Inc. (the “Company” or “Arizona Silver”) (TSX-V: AZS) (OTCQB: AZASF) is pleased to announce that, subject to the approval of the TSX Venture Exchange it proposes to raise up to $350,000 through a non‑brokered private placement of up to 4,375,000 common shares (the “Shares“) at a price of $0.08 per Share.

The Company plans to use the proceeds of the private placement for further exploration of the Ramsey Silver Mine in La Paz County & Sycamore Canyon property in Graham County, both in Arizona and for general working capital purposes.

All securities will be subject to a four-month hold period from the closing date.

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.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.