Intersections At The Parks/Salyer Deposit

CASA GRANDE, AZ - Arizona Sonoran Copper Company Inc. reported on the 7 drill holes from the Parks/Salyer infill program. Drill spacing from the Parks/Salyer deposit is being reduced to 250 ft (76 m), with the aim to upgrade the current inferred mineral resource to an indicated category. The total program consists of 105,000 ft (32,000 m) or 46 holes, of which 35 infill core holes (77,720.5 ft | 23,689 m) have now been drilled. Parks/Salyer (“P/S”) is located on contiguous land ~1.3 mi (2 km) southwest of the Cactus Mine Project.

The program continues to support the tenor of mineralization and has extended the high-grade zones in the north and south. Drilling has been staged to infill areas closest to the inferred high-grade core initially, before expanding out towards the west.

Additionally, the Company has successfully completed three hydrology holes at Parks/Salyer consisting of one oriented core hole and two previously drilled metallurgical holes. The hydrology holes will collect groundwater data in the vicinity of the Parks/Salyer deposit.

Highlights: 1) ECP-113: 438.8 ft (133.7 m) @ 1.17% CuT, 1.13% Cu TSol, 0.008% Mo (enriched), including 58.4 ft (17.8 m) @ 4.0% CuT, 3.82% Cu Tsol, 0.021% Mo. 2) ECP-112: 528.2 ft (161 m) @ 1.11% CuT, 0.75% Cu Tsol, 0.013% Mo (enriched), including 176.8 ft (53.9 m) @ 1.52% CuT, 0.98% Cu Tsol, 0.011% Mo. 3) ECP-105: 562.7 ft (171.5 m) @ 0.93% CuT, 0.77% Cu Tsol, 0.013% Mo (enriched), including 258.0 ft (78.6 m) @ 1.35% CuT, 1.12% Cu Tsol, 0.017% Mo, and 556.7 ft (169.7 m) @ 0.63% CuT, 0.028% Mo (primary). 4) ECP-118: 291.5 ft (88.8 m) @ 1.05% CuT, 0.91% Cu Tsol, 0.006% Mo (enriched). 5) ECP-104: 792.8 ft (241.6 m) @ 0.37% CuT, 0.006% Mo (primary).

George Ogilvie, President and CEO, said, “With a post financing cash balance of US$31 million, we are well financed to deliver key upcoming catalysts. This infill to indicated drilling program, now 74% complete, was designed to improve the resource category thus demonstrating an initial reserve calculation and is expected to be finalized by the end of March with all assays returned within the second quarter. These on budget and on time results will feed into the upcoming PFS, where ASCU is rescoping the Cactus base case PEA to include the Parks/Salyer project’s oxide and enriched material.”