Mr. Darryl Jones reports

ARCUS ANNOUNCES VOTING RESULTS OF THE ANNUAL GENERAL AND SPECIAL MEETING

Arcus Development Group Inc. shareholders have approved the matters put forward at its annual general and special meeting held on Aug. 25, 2026, including the previously announced plan of arrangement between Arcus and Core Silver Corp., pursuant to which Core Silver agreed to acquire all of the issued and outstanding common shares of Arcus in exchange for common shares of Core Silver, whereby Arcus shareholders would be entitled to receive, upon closing, one Core Silver share for each Arcus share held immediately prior to the effective time of the arrangement.

Arcus shareholders holding an aggregate of 14,909,720 Arcus shares, representing approximately 70.26 per cent of the issued and outstanding Arcus shares, were present in person or represented by proxy at the meeting. The special resolution authorizing and approving the transaction was approved by 96.93 per cent of the votes cast by Arcus shareholders on the resolution.

Completion of the transaction remains subject to the receipt of the final order of the Supreme Court of British Columbia approving the arrangement, receipt of all required stock exchange approvals, including approval of the Canadian Securities Exchange for the listing of the Core Silver shares issuable pursuant to the arrangement agreement (as defined below), and the satisfaction or waiver of the other customary closing conditions set out in the arrangement agreement.

The hearing for the final order approving the arrangement is expected to take place before the Supreme Court of British Columbia on Aug. 28, 2026, or shortly thereafter. Subject to receipt of the final order and the satisfaction or waiver of the remaining conditions to closing by the parties to the agreement, the transaction is expected to be completed shortly following receipt of the final order.

Additional information regarding the terms of the transaction, including a summary of the material terms and conditions of the arrangement agreement between the company and Core Silver dated July 9, 2026, is set out in the company's management information circular dated July 20, 2026, each of which is filed under the company's SEDAR+ profile.

Arcus shareholders also approved all other matters presented at the meeting, including fixing the number of directors at four, the election of management's director nominees, the reappointment of D&H Group LLP, chartered professional accountants, as auditor of the company, the reapproval of the company's 10-per-cent rolling stock option plan and the ratification of the grant of an aggregate of 600,000 stock options under the plan.

About Arcus Development Group Inc.

Arcus was established in June, 2006, by a group of mineral industry veterans and a select group of investors with records of entrepreneurial success in a variety of business ventures. The goal of Arcus is to provide significant shareholder returns through the acquisition of interests in advanced early stage mineral exploration projects.

We seek Safe Harbor.