Mr. George Lian reports

ARCLAND RESOURCES PROVIDES A CORPORATE UPDATE

Arcland Resources Inc., further to its news releases dated June 27, 2025, has applied to the TSX Venture Exchange to resume trading on the NEX following the expiry of the definitive agreements (as defined in the news release dated Jan. 6, 2025) relating to the proposed reverse takeover transaction as described in the company's news releases dated Oct. 7, 2024, Dec. 2, 2024, and Jan. 6, 2025.

Corporate update

Further to the press release dated June 27, 2025, where the company announced its entry into an amending agreement to extend the outside date of the proposed transaction, as of Dec. 31, 2025, the deadline to complete Arcland's proposed acquisition of NEXT Lithium Corp. has expired. As such the proposed transaction, which would have constituted a "reverse takeover" under the policies of the TSX-V will not proceed and has been terminated effective Dec. 31, 2025. No moneys were advanced in connection with the proposed transaction nor are there any residual liabilities or guarantees.

We seek Safe Harbor.