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 28, 2026. A total of 58,766,687 or 48.1 per cent of the company's issued and outstanding shares as of the record date were represented at the meeting.

The company's shareholders have voted to set the number of directors to seven (58,689,942 or 99.9 per cent voted for, and 76,745 or 0.1 per cent voted against).

The nominees listed in Arras's management information circular were elected as directors of the company, as detailed in the attached table.

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, 2026 (58,725,980 or 99.9 per cent voted for, and 40,707 or 0.1 per cent abstained from voting).

Arras is also pleased to announce that the company's shareholders have reapproved of certain amendments to the company's equity incentive plan (55,683,300 or 99.5 per cent voted for, and 275,620 or 0.5 per cent voted against).

Full details of the proposals are fully described in the company's management information circular filed on March 12, 2026, 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 Elemes copper-gold porphyry project, where initial drill results in 2025 identified porphyry-style mineralization across a 10-kilometre line of strike. The company has established one of the largest land packages in the country prospective for copper and gold. 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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