Mr. Darryl Jones reports

ARCUS APPOINTS NEW DIRECTOR AND OFFICERS

Eric Negraeff, Jeremy Hanson and Kiya Hushyar have been appointed as directors of Arcus Development Group Inc., and Christopher Cooper has been appointed as chief financial officer and corporate secretary.

The company also announces the appointment of Darryl Jones, a current director, as interim chief executive officer.

Mr. Negraeff is an accomplished entrepreneur with over 20 years of professional capital market experience. He is vice-president of corporate development at Incite Capital Markets. He previously served at C.M. Oliver & Company and at PI Financial Corp. (now Ventum Financial Corp.). As a successful proprietary trader, he created a profitable division designed to take advantage of unique arbitrage opportunities. He went on to manage a proprietary trading desk designing trading strategies for high-net-worth and institutional clientele. With over a decade specializing in raising capital for small- to mid-size companies at PI Financial, he joined Incite Capital Markets working to develop fundraising, strategic planning, investor relations and corporate communication services.

Mr. Hanson is a professional geoscientist with over 12 years of experience in mineral exploration throughout Canada. He is the president of Hardline Exploration Corp., a geological consulting firm focused on Western Canada, as well as the current VP, exploration, and a director of Garibaldi Resources Corp. Mr. Hanson graduated with a BSc honours with distinction from Simon Fraser University.

Mr. Hushyar is an experienced chief financial officer with a demonstrated history of working in the financial service industry. He is a strong finance professional skilled in structured financing, debt and equity restructuring, enterprise risk management, internal audit, and mergers and acquisitions. Mr. Hushyar has experience in audit and advisory roles with both KPMG and Deloitte, and is currently the chief financial officer of a large private fintech firm based in Vancouver. He holds a BBA in accounting from Simon Fraser University and will chair the audit committee of Arcus.

Mr. Cooper offers more than two decades of experience in corporate development, senior management, finance and operations. He has served on the boards of multiple companies, and has raised capital and implemented growth strategies across oil, gas and mining. Most recently, Mr. Cooper was a director of Alpha Lithium Corp., which was acquired by Tecpetrol in December, 2023, for $313-million, a transaction that highlighted his ability to deliver value through strategic exits.

Mr. Jones joined the Arcus board on Dec. 3, 2025. He is currently the president and chief executive officer of Star Copper Corp., a copper exploration company with active projects in the Golden Triangle and Golden Horseshoe regions of British Columbia. Mr. Jones was a founding director of Alpha Lithium, which was acquired by Tecpetrol for $313-million in December of 2023. Prior to that, Mr. Jones spent 15b years in the capital markets as an investment adviser with PI Financial (Canada) and Raymond James Ltd. (Canada).