Announcement • Jul 10

Arras Minerals Corp Expands 2026 Drilling Program to 40,000 Metres and Provides Exploration Update

Arras Minerals Corp. had announced that following the closing of the upsized $25 million Bought Deal financing this week, the company is expanding its current 2026 drilling program by 100% to 40,000m for completion by year-end. Drilling is progressing very well, at present, four drills are operating at Elemes. In total 27 holes have been completed, and over 18,000m have been drilled to date. Complete assay results have been received from just 4 holes to date, as preparation and assay laboratories have been dealing with extreme volumes, which have led to increasing delays in receiving final assay results. The Company is working with accredited local and international assay laboratories to try and speed up this process. Drilling in 2026 has focused on the Berezski North, Central and East targets. However, several exploration holes have also been drilled at Novii as well as the K-Ozek epithermal target to determine its potential. At Berezski North, the Company focused initial drilling to explore and better understand the controls and extent of the porphyry and breccia-style mineralization with 8 wide-spaced drill-holes, and assay results for 6 holes are still pending: Holes EL26034, EL26036 and EL26038 were large step-outs, ranging from 200m to 400m, and designed to explore the underlying porphyry mineralization and to see if the breccia zones continued to depth. Holes EL26035 and EL26037 were designed to explore for the eastern continuation of the high-grade breccias to see if they connect with mineralization hit in hole EL25016 located approximately 300m to the east. Hole EL26040 was designed to explore a large chargeability anomaly along the eastern margin of Berezski North target to determine its source. The Company plans to return to drill the Berezski North target next week to conduct a systematic drill program to determine the scale of the porphyry and breccia zones. In May, the Company completed a top of bedrock (KGK) drill program over the Berezski and Aimandai Trends. In total 381 holes were completed, totalling 6,002 m. At Berezski, the KGK drilling targeted the 5 km long magnetic low anomaly between the Berezski Central and Berezski North targets, as well as a large, coincident Cu-Mo soil geochemical anomaly to the north of Berezski North. In addition, high-density KGK drilling was conducted over the Berezski East-K-Ozek trend to determine the scale of the Au anomaly identified in the 2025 KGK program, and an initial drill-program was conducted over the core of the Aimandai trend to define priority targets for future diamond drilling. Assay results from the KGK program are expected to be received over the next few weeks. The Elemes Project comprises two exploration licences covering 531 square kilometres in northeast Kazakhstan, located approximately 13 km southwest of Ekibastuz and just 20 km from Arras's operational base. The project benefits from exceptional infrastructure, with a paved highway crossing the licence, and access to 1100 KVA power lines, heavy rail, and other utilities within a 15 km radius. Situated within the prolific Bozshakol-Chingiz metallogenic belt, Elemes lies near significant regional deposits, including the Beskauga porphyry copper-gold-silver deposit (~80 km east) and KAZ Minerals' Bozshakol copper-gold mine (~60 km northwest), which reported mined grades in First Quarter 2025 of 0.39% Copper and 0.19 g/t gold. Geologically, the property is underlain by interbedded intermediate volcanic and sedimentary rocks intruded by multiple phases of diorite and monzodiorite porphyry. Copper-gold mineralization occurs in sheeted and stockwork quartz-chalcopyrite veins associated with these intrusions. In addition, high-grade low-sulphidation epithermal veins have been mapped on the property, representing a secondary exploration target. Property-wide soil sampling programs defined two extensive Cu-Mo-As geochemical anomalies: the Berezski and Aimandai Trends, both considered priority targets for follow-up exploration drilling. A Phase 1 drill program on the Berezski Trend returned high-grade porphyry/epithermal copper-gold mineralization in results announced in First Quarter 2025. More than 30,000m of drilling has been completed over 2025-2026. The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person. Arras Minerals QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut at Arras Minerals operations base in Ekibastuz, Kazakhstan by Company personnel. Diamond drill core was sawn in-half with a diamond saw, and then sampled in maximum 2-meter intervals, stopping at geological boundaries, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Each bagged core sample was shipped to ALS Laboratory in Karaganda, Kazakhstan. Samples were dried, crushed and pulverized to >80% passing -200 mesh. The prepared sample splits were sent to ALS Chemex's geochemical analysis laboratories in Loughrea, County Galway, Ireland and Lima, Peru for multi-element analysis. Multielement analyses were analyzed with ICP-MS following a four-acid digestion (method ME-MS61) and samples containing >1.0% copper were analyzed via method Cu-OG62. Gold analysis was conducted by ALS Chemex at the analytical laboratory in Karaganda, Kazakhstan. Gold was analyzed by fire assay (30 g) with an AA (atomic absorption) finish (method Au-AA23) with detection limits of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold were analyzed by fire assay with a gravimetric finish (method Au-GRA21). ALS is an accredited laboratory that is independent of the Company. Chain of custody is maintained from the drill to the submission to the laboratory preparation facility. The scientific and technical disclosure for this news release has been prepared under the supervision of and approved by Matthew Booth, Vice President of Exploration of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 20 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044). Gold, copper and other mineral equivalents are calculated on the basis set forth in this news release and are based upon the reasonable assumptions as to the prices of various metals and their recoveries assumed by management of the Company on a project-by-project basis as converted metal. All drill-hole intervals are reported as drill widths, as true thicknesses are unknown. Assumed metal prices are: USD 3.75/lb Copper, USD 3,000/oz Gold, USD 35/oz Silver, & USD 30/lb Molybdenum.

CEO salary percentage	67.08%
CEO tenure	5.4yrs
CEO ownership	1.5%
Management average tenure	5.4yrs
Board average tenure	5.3yrs

Date	Total Compensation	Salary	Company Earnings
Apr 30 2026	n/a	n/a	-US$10m
Jan 31 2026	n/a	n/a	-US$10m
Oct 31 2025	US$354k	US$237k	-US$11m
Jul 31 2025	n/a	n/a	-US$11m
Apr 30 2025	n/a	n/a	-US$6m
Jan 31 2025	n/a	n/a	-US$4m
Oct 31 2024	US$340k	US$237k	-US$2m
Jul 31 2024	n/a	n/a	-US$2m
Apr 30 2024	n/a	n/a	-US$3m
Jan 31 2024	n/a	n/a	-US$4m
Oct 31 2023	US$344k	US$232k	-US$6m

Name	Position	Tenure	Compensation	Ownership
Timothy Barry	CEO & Director	5.4yrs	US$353.87k	1.46% CA$ 3.4m
Darren Klinck	President & Director	4.8yrs	US$353.87k	1.4% CA$ 3.3m
Christopher Matthew Richards	Chief Financial Officer	5.4yrs	US$151.38k	0.47% CA$ 1.1m
Vladimir Suluburic	Chief Geologist	no data	no data	no data
Matthew Booth	Vice President of Exploration	no data	no data	no data

Name	Position	Tenure	Compensation	Ownership
Timothy Barry	CEO & Director	5.4yrs	US$353.87k	1.46% CA$ 3.4m
Darren Klinck	President & Director	4.8yrs	US$353.87k	1.4% CA$ 3.3m
Daniel Kunz	Independent Director	5.3yrs	US$19.63k	0.61% CA$ 1.4m
Brian Edgar	Independent Chairman of the Board	5.4yrs	US$42.83k	1.49% CA$ 3.5m
John-Mark Staude	Technical Advisor	no data	no data	no data
G. Carson	Independent Director	5.3yrs	US$19.63k	0.23% CA$ 546.6k
Vera Kobalia	Independent Director	4.3yrs	US$20.52k	no data
Robert Heffernan	Director	less than a year	US$3.04k	0.44% CA$ 1.0m
Craig Hart	Technical Advisor	no data	no data	no data
Steve Israel	Technical Advisor	no data	no data	no data

Data	Last Updated (UTC time)
Company Analysis	2026/07/12 11:01
End of Day Share Price	2026/07/10 00:00
Earnings	2026/04/30
Annual Earnings	2025/10/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Arras Minerals Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

CEO & Director exercised options to buy CA$1.1m worth of stock.

Arras Minerals Corp., Annual General Meeting, Apr 28, 2026

Arras Minerals Corp., Annual General Meeting, Apr 29, 2025

Arras Minerals Corp., Annual General Meeting, Apr 30, 2024

President & Director recently bought CA$93k worth of stock

Recent updates

Arras Minerals Corp Expands 2026 Drilling Program to 40,000 Metres and Provides Exploration Update

New minor risk - Shareholder dilution

Arras Minerals Corp. announced that it has received CAD 21.73892 million in funding

Insufficient new directors

CEO & Director exercised options to buy CA$1.1m worth of stock.

Arras Minerals Corp. announced that it expects to receive CAD 15.0008 million in funding

Arras Minerals Reports Drill Results from Berezski North Target, Elemes Project in Northeast Kazakhstan

New minor risk - Share price stability

Arras Minerals Corp Commences Top-Of-Bedrock Drilling Program At Elemes Project

Arras Minerals Corp Reports Drilling Results At Berezski East Target

Arras Minerals Corp. Announces Mobilization of Third and Fourth Diamond Drill Rigs to Elemes Project in Kazakhstan

Arras Minerals Corp. Reports the Final Drill Results from the 2025 Drilling At the Elemes Project in Northeastern Kazakhstan

Arras Minerals Corp. Announces Commencement of Diamond Drilling At Elemes Project in Kazakhstan

Arras Minerals Corp. Provides an Update on the Strategic Alliance with Teck Resources Limited and the Exploration Plan for 2026 Across This License Package in Kazakhstan

Arras Minerals Corp., Annual General Meeting, Apr 28, 2026

Arras Minerals Corp. Outlines 2026 Elemes Exploration Plan - Doubles Drill Rigs to Four in First Quarter 2026

Arras Minerals Corp. Reports Additional Drill Results from the Berezski Trend Within the Berezski Project in Northeast Kazakhstan

Arras Minerals Corp. Announces Additional Drill Results from the Berezski Central Target at the Elemes Project

Arras Minerals Corp. Announces Results from Drillholes EL25014, EL25014, El25014, and EL25015

Arras Minerals Corp. Commences 2025 Exploration Field Program in Kazakhstan

Arras Minerals Corp. announced that it has received CAD 16.100001 million in funding from Teck Resources Limited

Arras Minerals Corp. announced that it expects to receive CAD 15.0008 million in funding

Arras Minerals Corp., Annual General Meeting, Apr 29, 2025

Arras Minerals Corp. Announces Additional Drill Results from Its Initial Drill Program on Its Elemes Project in Northeast Kazakhstan

New minor risk - Share price stability

Arras Minerals Drills 261 Metres @ 0.64% CuEq In First Holes at Berezski Central Target - Elemes Project, Kazakhstan

New major risk - Shareholder dilution

Arras Minerals Corp. Provides Update on Elemes Drill Program - Kazakhstan

Arras Minerals Corp. Identifies Multiple New Copper-Gold Targets for Drill Testing in 2025 in Kazakhstan

Arras Minerals Corp. Initiates Vector Array Induced Polarization Survey on Its Bozshakol Group Mineral Licenses, Kazakhstan

Arras Minerals Corp Completes Top of Bedrock Drill Program to Explore the Maisor and Aktasty Exploration Targets Defined by the 2023 Soil Sampling Programs

New minor risk - Shareholder dilution

Arras Minerals Commences KGK Drilling on Its Tay Exploration License, Kazakhstan

Arras Minerals Corp. Commences Ground IP Survey at Elemes Project, Kazakhstan

Arras Minerals Corp. announced that it has received CAD 5.269852 million in funding

New minor risk - Share price stability

Arras Minerals Corp. announced that it expects to receive CAD 2 million in funding

Arras Minerals Corp. Commences 2024 Field Program on Its 3,300 Square Kilometre Licence Package in Pavlodar, Kazakhstan

Arras Minerals Corp. Defines New 14KM Copper Soil Anomaly on the Elemes Project, Kazakhstan

Arras Minerals Corp., Annual General Meeting, Apr 30, 2024

Arras Minerals Confirms Large “at Surface” Untested Porphyry System on the Elemes Licence in Kazakhstan

New major risk - Market cap size

Arras Minerals Corp. Announces the Results from the Re-Analysis of Samples from Three Historic Diamond Drill Holes from the Berezski East Project

Arras Minerals Corp. Announces Results from the Re-Analysis of Samples from Three Historical Drillholes on A New Copper-Gold Porphyry Target

New major risk - Share price stability

New minor risk - Share price stability

Arras Minerals Corp Announces Assay Results from Holes Bg23025, Bg23026 and Bg23027 from the Ongoing Drill Program At the Beskauga Copper-Gold Deposit and Surrounding Area

Arras Minerals Corp. Reports First High-Grade Gold and Silver in Grab Samples from the Elemes License

President & Director recently bought CA$93k worth of stock

Arras Minerals Corp. Announces Assay Results from Holes Bg22021, Bg22016, Bg2 2018 and Bg22019 from Ongoing Drill Program at the Beskauga Copper-Gold Deposit and Surrounding Area

Arras Minerals Corp. (TSXV:ARK) acquired Three additional mineral exploration licences in Kazakhstan.

Arras Minerals Corp., Annual General Meeting, Apr 13, 2023

Arras Minerals Corp. Announces Assay Results from holes Bg21009, Bg21010 and Bg22012 from the Ongoing Exploration Drill Program at the Beskauga Copper-Gold Deposit and Surrounding Area

Arras Minerals Corp. announced that it has received CAD 7.172212 million in funding from Teck Resources Limited

Arras Minerals Corp. announced that it expects to receive CAD 3 million in funding from Teck Resources Limited

Arras Minerals Intercepts 1124.1 M @ 0.61% Cueq, Including 136.0 M @ 1.01 % Cueq At Beskauga

Arras Minerals Intercepts 689.2M @ 0.76 % Cueq, Including 120.9M @ 2.35% Cueq Which Includes A Zone of 17M @ 7.48% Cueq At Beskauga in Kazakhstan

Arras Minerals Completes Regional-Scale Airborne Magnetics Survey in Northeastern Kazakhstan

Arras Minerals Corp. Approves Appointment of Christian Milau to the Board of Directors At the Annual Meeting of Shareholders Held on September 8, 2022

Arras Minerals Corp., Annual General Meeting, Sep 08, 2022

Arras Minerals Corp. Announces Assay Results from Holes Bg21003 and Bg21004 from Ongoing Drill Program at Beskauga Copper-Gold Deposit and Surrounding Area

Arras Minerals Corp. Files an Updated Mineral Resource Estimate Report on Beskauga Copper-Gold Project

No independent directors

CEO Compensation Analysis

CEO

Leadership Team

Board Members

Company Analysis and Financial Data Status

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