Program Results On the P/S Project

CASA GRANDE, AZ - Arizona Sonoran Copper Company Inc. (ASCU) reported on assay results from the first 2 drill holes in a 12-hole program at the P/S Project. Drill hole ECP-045 extends and improves known mineralization to the northeast by 600 ft (183 m) and to within 150 ft (45 m) of the recently leased land. Mineralization is expected to strengthen as it continues along the mine trend and into the newly leased area. Strike of the P/S Project mineralized system now totals at least 1,900 ft (579 m) with a strong grade profile.

Additionally, ASCU has entered into an agreement to lease 158 acres of State Lands between the immediate boundaries of the Cactus Project and Parks/Salyer. The total land position of the combined Cactus and the P/S Project now totals 4,846 acres and provides continuity of the entire 2.5 mi (4 km) mine trend extending from Parks/Salyer to the NE Extension.

George Ogilvie, President and CEO, said, “These exciting drill results represent only some of the large-scale exploration upside outside of the Cactus Project. We note the drill results at P/S illustrate a very similar footprint to Cactus East, with grades in excess of 1% and good thicknesses. In particular, the drilling is demonstrating a system which is strengthening to the north and northeast towards Cactus along the mine trend. The Exploration Target at P/S is focused on extending mine life and building scalability of leachable material at the Cactus Project. Concurrent with the Cactus Feasibility drilling, our team will continue to drill the P/S Project with the aim of declaring maiden mineral resources at the P/S Project later this year. The team is currently running both programs with three drills onsite.

As the drilling programs build on the district scale potential of the property, we have scope for further exploration at the NE Extension at Cactus. Current programs at Cactus, P/S and the NE Extension only focus on the leachable material, with known primary sulphide sitting below. The potential for significant primary material at the base of the Cactus pit and along the mine trend itself, remains untested and supports the continued belief in the opportunity and scalability of the Project.”

The holes drilled to date on the P/S Project together with the new drilling, on a preliminary basis demonstrates a scalable underground opportunity for further expansion of leachable inventory at Cactus. The total underground exploration target now represents an area of approximately 4,000 ft x 4,000 ft (1.2 km x 1.2 km) supported by magnetics, regional drilling results and ionic leach sampling previously conducted by ASCU. The Exploration Target at the P/S Project comprises: 40-90 M tons of potential leachable material @ 1.05%- 1.3% TSol for potential of 1.0-2.35 B lbs of contained copper; and 8-35 M tons of potential primary material @ 0.85-1.05% TCu for 0.15-0.75 B lbs of contained copper.

The potential quantity and grade presented in the Exploration Target ranges are conceptual and have insufficient exploration and drill density to define a Mineral Resource. At this stage, it is uncertain if further exploration will result in the targets being delineated as a Mineral Resource. Estimates of exploration targets are not Mineral Resources and are too speculative to meet the NI 43-101 reporting standards. The methodology for preparing the Exploration Targets and a summary of supporting technical work undertaken to reach the targets can be found at the end of this announcement.

ASCU is currently pursuing a 12-hole exploration program, following up on four historic diamond holes. The planned program totals 22,000 ft (~6,700 m) and aims to test the extension of the porphyry copper system from the southern border of its Parks/Salyer property, along the mine trend towards the Cactus Mine. With success, the Company may increase the number of drill holes on the project.

Subject to program success, the Company anticipates issuing a maiden mineral resource estimate for the property. Defined mineralization will aim to leverage the Cactus Mine’s already envisaged 18-year, low-cost operation, thus providing the Company with significant scale of production in the longer term.