Mr. Tim Barry reports

ARRAS MINERALS COMMENCES 2025 EXPLORATION FIELD PROGRAM IN KAZAKHSTAN

Arras Minerals Corp. has commenced mobilization of its exploration field program in northeastern Kazakhstan.

Highlights:

• Geophysics program at the Elemes project covering both the Berezski and Aimandai targets to commence in the next 10 days;
• Drilling at the Elemes project to start at Berezski Central target in May;
• A core drilling program at the Besshoky target and ground IP (induced polarization) geophysics program at the Bozshakol group of licences to commence over the next week (Arras-Teck Resources Ltd. partnership).

Tim Barry, chief executive officer of Arras Minerals, commented: "We are excited to kick off our 2025 exploration field program in Kazakhstan, which promises to expand further on the strong advancements we made last year across the project portfolio. We've enjoyed a much dryer spring across the steppe this year compared to last year, and thus we are mobilizing geophysics and drill crews over the next week, and expect to further add to these programs over the next four to five weeks."

Elemes oroject

Berezski target

A ground magnetics geophysics program is scheduled to commence next week on the Berezski and Aimandai trends. The program has been designed to assist with structural and target definition.

In addition, the company plans to undertake a magnetotellurics (MT) and gravity survey across the Berezski trend to better define potential deeper targets at the Berezski Central and Berezski North targets.

Drilling is planned to commence in May and will initially begin in the Berezski Central and Berezski North targets to better understand the controls and extent of the copper-gold mineralization discovered in these areas by the 2024 drilling program. A number of drill holes are also planned to test additional new high-priority exploration targets along the Berezski trend.

Aimandai target

At the Aimandai target, the company is planning to commence an initial vector IP geophysics program next week and this will cover approximately 65 square kilometres. The objective of this program is to define targets for a follow-up pole-dipole program that may be undertaken to further refine targeting in advance of a full review and prioritizing of drill targets for later in the season.

A ground magnetics program is also planned to commence in May, which will help to refine the geological and structural knowledge of the Aimandai trend.

Arras-Teck partnership

Arras is pleased to provide an update on the continuing exploration program across 1,736 square kilometres of licences that form the Arras-Teck partnership.

Besshoky target (package B)

A core drill is expected to arrive next week at the Akkuduk licence to begin testing the Besshoky target. This target has already been refined through a geophysics program last year and is located within a more-than-20-square-kilometre lithocap. The initial drilling has been designed to target the potential core of a porphyry Cu-Au (copper-gold) system represented by a magnetic high, thought to be associated with an underlying intrusive related to a porphyry system. Additional drilling will be targeting coincident Au-Mo-Te-Se-As-Sb (gold-molybdenum-tellurium-selenium-arsenic-antimony) geochemical anomalies and high-chargeable zones defined in the 2024 geochemical and geophysical programs.

Bozshakol group (package A)

A ground induced polarization survey has commenced over high-priority areas defined in 2024 and has been designed to further refine targets for drilling over the coming months.

Shiderty

Geophysical data defined a large annular chargeability anomaly with coincident magnetic resistivity lows. The KGK drilling (subcover, top-of-bedrock sampling) returned a multielement Cu-Au-Mo-Bi-Te-Ag (copper-gold-molybdenum-bismuth-tellurium-silver) geochem anomaly.

Batpaq

The Batpaq prospect is defined by a discrete magnetic and resistivity lows, with a coincident KGK Cu (copper) geochemical anomaly.

Taga-Ketti

At the Taga-Ketti target, KGK drilling defined a coincident As-Tl-Mo (arsenic-thallium-molybdenum) anomaly, adjacent to a major deep magnetic high, with localized mag low, thought to be associated with phyllic alteration in a porphyry system.

Bozshakol South

At Bozshakol South (Boz-S), mapping identified disseminated copper oxides and pyrite in a historical open pit and trenches, lying at the core of a five-plus-kilometre-wide chargeability anomaly in Soviet-era data. Two thousand twenty-four exploration defined a coincident magnetic low, with a Cu-As-Pb-Mo (copper-arsenic-lead-molybdenum) geochemical anomaly and Mn-Zn (manganese-zinc) depletion zone (three by three kilometres), suggesting a shallowly buried porphyry system.

Pinta

At Pinta, the 2024 soil sampling program defined a subtle Cu-Mo (copper-molybdenum) anomalism in soil data, proximal to a deep magnetic source, with a local magnetic low. The EM data also defined a deep east-west EM (electromagnetic) conductor and with a broad K signature in radiometrics.

Once drilling is completed at Besshoky, the company expects the drilling contractor to relocate to begin testing the refined high-priority targets across the Bozshakol group of licences.

Stock option grant

The company's board of directors has authorized, pursuant to the company's equity incentive plan, the grant of 2,475,000 stock options to certain directors, officers, employees and advisers, effective at the close of trading on April 15. Each option entitles the grantee to purchase one common share in the capital of the company. The options were awarded at an exercise price of 83 cents per share for a five-year term. The options vest over three years, with one-third of the option vesting immediately, one-third vesting on April 15, 2026, and one-third vesting on April 15, 2027.

Qualified person

The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, vice-president of exploration, of Arras Minerals, a qualified person for the purposes of National Instrument 43-101. Mr. Booth has over 20 years of mineral exploration experience and is a qualified person member of the American Institute of Professional Geologists (CPG 12044).

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 Elemes copper-gold porphyry project, and 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 partnership with Teck in which Teck may sole-finance a $5-million (U.S.) generative exploration program over a portion of the Arras licence package in 2024 to 2025. The company's shares are listed on the TSX Venture Exchange under the trading symbol ARK and on the OTCQB under the trading symbol ARRKF.

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