Arizona Eagle Mining Corp. Completes Acquisition of Three Past-Producing High-Grade Silver Mines to Consolidate Eagle Silver Project

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 prolific historic gold-silver districts. These acquisitions extend the structural corridor of mineralization northeast of McCabe by 50%, from 3km to 4.5km and will also increase our patented land ownership by 18%, from 348 to 410 acres. Our Phase 1 drill program, focused on the McCabe Mine structure but outside the historic resource estimate, has been completed with results of the final two holes pending. We look forward to delivering results as we advance these highly prospective projects." Previously reported surface sampling on these claims by Arizona Eagle has returned silver grades including 344 g/t, 255 g/t, 234 g/t, as well as 2.4 g/t gold. Recent testing of the tailings dumps in the first quarter of 2026 adjacent to the Arizona National Mine shaft included a sample that returned a grade of 861 g/t silver, 2.9% zinc, 1.7% lead, and 0.2 g/t gold. A second sample returned 518 g/t silver with 1.3% zinc. A third sample returned 15.6 g/t gold, 297 g/t silver and 1.5% zinc (see Table 1 below for waste pile samples). Arizona National Mine The Arizona National Mine is comprised of three shafts and seven levels to a depth of 500 feet (150 metres). The deposit was mined intermittently between 1915 and 1931 and reported shipments of silver-lead ore and concentrates (Anderson, 1958 1 ).