Mr. Tim Barry reports

ARRAS MINERALS ANNOUNCES VOTING RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Arras Minerals Corp. has released the detailed voting results of the proposals considered at its annual and special meeting of shareholders held on April 30, 2024. A total of 23,075,358 or 33.5 per cent of the company's issued and outstanding shares were represented at the meeting.

The company's shareholders have voted to set the number of directors to seven (22,660,729 or 98.2 per cent voted for, and 414,628 or 1.8 per cent voted against).

The nominees noted herein, as listed in Arras's management information circular, were elected as directors of the company.

The company's shareholders have ratified and approved the appointment of Smythe LLP as the company's auditor, for the fiscal year ending Oct. 31, 2024 (22,916,365 or 99.3 per cent voted for, and 158,993 or 0.7 per cent abstained from voting).

Arras is also pleased to announce that the company's shareholders have reapproved, inclusive of certain amendments, the company's equity incentive plan (18,569,511 or 95.3 per cent voted for, and 924,239 or 4.7 per cent voted against).

Full details of the proposals are fully described in the company's management information circular filed on March 28, 2024, available on SEDAR+.

About Arras Minerals Corp.

Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the option agreement on the Beskauga copper and gold project. The company has established the third-largest licence package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December, 2023, the company entered into a strategic alliance with Teck Resources in which Teck is sole-financing a $5-million (U.S.) generative exploration program over a portion of the Arras licence package in 2024 to 2025 focusing on critical minerals. The company's shares are listed on the TSX Venture Exchange under the trading symbol ARK.

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