New Risk • Mar 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Market cap is less than US$100m (CA$18.2m market cap, or US$13.4m). Announcement • Mar 07
North Arrow Minerals Inc. announced that it has received CAD 4.00002 million in funding On March 6, 2026, North Arrow Minerals Inc. closed the transaction. The Company has issued a total of 16,666,750 units at a price of CAD 0.24 per Unit for total gross proceeds of CAD 4,000,020. Each Unit consisted of a common share of the Company and one-half of one transferable common share purchase warrant. Each Warrant entitles the holder thereof to purchase one additional common share of the Company at a price of CAD 0.36 per Warrant Share up to March 5, 2028. Three insiders of the Company participated in the offering and acquired an aggregate of 721,666 units. The purchases by these insiders constitute "related party transactions" within the meaning of Multilateral Instrument 61-101. No new insiders were created, nor any change of control occurred, as a result of closing the offering. In connection with the offering, North Arrow paid finder's fees of CAD 155,936.42 and issued 649,735 finder's warrants. Each Finder's Warrant has the same terms as a Warrant. Announcement • Mar 01
North Arrow Commences 2026 Exploration Program At Kraaipan Gold Project, Botswana North Arrow Minerals Inc. announced the commencement of its 2026 exploration program at the Kraaipan Gold Project ("Kraaipan") in southern Botswana. The program follows a successful USD 1.2 million technology driven, reconnaissance campaign in 2025 that identified six distinct gold-anomalous areas within the ~45km ong underexplored Kraaipan Greenstone Belt ("KGB"), including a standout RC drill intercept of 1.56 g/t Au over 30m from surface at Target A. Surface prospecting, involving targeted follow up grab sampling of exposed outcrops, was completed in late 2025 and has returned further high-grade results at three priority targets. A single sample at Target AE returned 1.27 g/t Au. An additional 31 surface samples collected along strike trends at Targets AE, AF, and K in February 2026 are currently awaiting assay results, expected before the end of first quarter 2026. The 2026 exploration campaign was initiated on February 18 with Remote Mapper airborne geophysical surveying over the north-eastern portion of the property, together with additional follow-up surface prospecting and sampling. Phase 1 RC drilling will commence in early March at Target A, the site of the program's highest-grade RC intercept (30 m @ 1.56 g/t gold in hole KR25-157) and the 68.5 g/t surface sample assay. The latter is located at the northern end of a zone of anomalous Au values--as defined by historical drilling and surface rock sampling as well as Rockman outcrop sampling--extending approximately 700 m in a NE-SW direction and with a width ranging from 100 to 250 m. Rotation 3 - Vertical RC drilling targeting new regional opportunities in areas of Kalahari cover identified through geophysical and structural interpretation. Between 40 and 60 shallow holes are planned to test the upper 5 to 10m of bedrock. Findings from both the 2025 and 2026 sampling campaigns will be used to refine and guide the program on a continuous basis. Follow-up surface rock sampling at Targets AE, AF., and K has been completed, with assay results expected before the end of First Quarter 2026. Rotation 1 RC drilling will focus on Target A, with up to 20 holes totaling approximately 1,130m planned to test four high-priority areas. The drill plan is designed to characterize the nature of gold mineralization, assess down-dip and along-strike continuity, and better understand the host rock package. Drilling will begin at the northern end of the interpreted 700-metre strike extent, in the vicinity of the 68.5 g/T Au surface sample, before shifting to the southern portion to follow up on the recent 7.99 g/t Au surface result, and concluding in the area of hole KR25-157, which intersected 30m grading 1.56 g/t Ag. Mobilization is underway, with drilling expected to commence in the first week of March and run for approximately three weeks, based on drill rates achieved during the 2025 program. Rotation 2 is planned to commence in late April and will focus on Targets K, AE, and AF. The USD 1.2 million 2025 program set a high standard for exploration efficiency. North Arrow and partner Rockman Resources undertook: High-resolution UAV and ground magnetic surveys (3,977 line-km) that, in combination with previous survey data, provided high-resolution magnetic coverage of 85% of the property; North Arrow Minerals Inc. 
