Mr. Darren Klinck reports

ARRAS MINERALS UPGRADES OTC LISTING TO OTCQB

Arras Minerals Corp. has received approval for trading its common shares on the OTCQB Venture Market under the symbol ARKFF, effective July 18, 2024. The company's common shares will continue to trade on the TSX Venture Exchange under the symbol ARK.

Darren Klinck, president and director, commented, "Arras Minerals is pleased to upgrade our U.S. [United States] listing to the OTCQB platform, which should help further expand our U.S. shareholder profile and allow a broader group of investors to participate in gaining exposure to the company's extensive portfolio of copper-gold projects in Kazakhstan."

The OTCQB Venture Market, a U.S. market operated by OTC Markets Group in New York, is designed for developing and entrepreneurial companies in the United States and abroad. To be listed on the OTCQB Venture Market, companies must be current in their financial reporting and undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. With more compliance and quality standards, the OTCQB Venture Market provides investors improved visibility to enhance trading decisions. The OTCQB Venture Market is recognized by the U.S. Securities and Exchange Commission as an established public market providing public information for analysis and value of securities and trading.

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 Ltd., in which Teck will sole financed a $5-million (U.S.) generative exploration program over a portion of the Arras licence package in 2024/2025, focusing on critical minerals.

We seek Safe Harbor.