Ms. Eira Thomas reports

NORTH ARROW COMPLETES REGIONAL RECONNAISSANCE PROGRAM AT KRAAIPAN AND IDENTIFIES 5 PRIORITY GOLD TARGETS FROM INITIAL DRILLING RESULTS

North Arrow Minerals Inc. has released initial reverse circulation drilling results from its Kraaipan gold project comprising approximately 724 square kilometres of mineral concessions covering the entire approximately 60-kilometre northern extension of the prospective Kraaipan greenstone belt in Botswana. Results from 109 of 175 RC holes have been received and returned anomalous gold in five separate areas, including three areas with bedrock samples up to 0.9 gram per tonne gold and two areas with overburden samples up to 0.28 g/t Au collected from the base of the Kalahari.

The company said: "Our proprietary, low-cost, technology-driven exploration approach has allowed for a rapid and systematic first-pass assessment of the entire Botswana portion of an Archean greenstone belt hiding beneath the Kalahari sands. Results thus far have identified five priority areas for follow-up, including a 13-metre hole into bedrock at Target AE that ended in mineralization and returned an overall grade of 0.4 g/t Au, including a four-metre section grading 0.9 g/t Au, which is on par with grades observed in the multimillion-ounce Kalgold mine situated in the same geology just 40 km to the south. These results provide further confirmation that the gold endowment of the KGB extends into Botswana in potentially economic concentrations. Importantly, four out of the five gold anomalies identified to date also occur in areas of overburden under eight m in depth."

North Arrow and partner Rockman Resources have completed an initial $1-million (U.S.) regional reconnaissance program consisting of property-wide unmanned aerial vehicle magnetics followed by a comprehensive 175-hole RC drilling campaign targeting 45 km of KGB strike length for the purposes of collecting base of Kalahari overburden geochemistry samples together with bedrock samples targeting priority structural targets.

Priority target areas identified

Target AE:

• 0.90 g/t Au over four m in hole KR25-051;
• Within 0.40 g/t Au over 13 m;
• Drill hole ended at 13-metre depth;
• Hosted in quartz-hematite fault/alteration zone;
• Average overburden thickness in area: four m.

Target AF:

• 0.43 g/t Au over 10 m (including 0.71 g/t Au over three m) in hole KR25-060;
• Located near surface sample returning 3.65 g/t Au;
• Drill hole ended at 10-metre depth;
• Hosted in BIF (banded iron formation) with associated structural controls;
• Average overburden thickness in area: nine m.

Target Y:

• Elevated gold concentrations in bedrock samples (up to 0.091 g/t) over six m in KR25-038;
• Drill hole ended at 13 m;
• Average overburden thickness: eight m.

Targets C and K:

• Elevated gold concentrations in overburden samples from targets C and K (0.24 g/t Au and 0.28 g/t Au, respectively);
• Average overburden for Target K: less than one m;
• Average overburden for Target C: 50 m.

2025 drilling program summary:

• 175 RC holes completed across 16 target areas covering 45 km of KGB strike length;
• 4,975 m of drilling of Kalahari overburden and the underlying bedrock;
• Average Kalahari overburden for the entire program of 20.6 m;
• A total of 193 BOK and 561 BR samples taken and submitted for laboratory analysis;
• Assay results pending for final 66 holes targeting four areas including:
  • Area with 10.1 g/t Au surface sample;
  • Trend defined by three high-grade outcrop samples (greater than seven g/t Au);
  • Specialized angled drilling to test historical mineralization.

Regional context -- proven gold endowment

The Kraaipan project covers the northern extension of the same Archean greenstone belt hosting Harmony Gold's Kalgold mine 40 km to the south in South Africa -- a multimillion-ounce banded-iron-formation-hosted gold deposit with (as of June, 2024):

• Proven plus probable reserves: 645,000 ounces of 1.07 g/t Au;
• Measured and indicated resources: 1.60 million ounces of 1.19 g/t Au;
• 2024 production: 45,815 oz at a grade of 0.96 g/t;
• Average annual production over 25 years: 52,597 oz;
• Cut-off grade: 0.58 g/t.

From Harmony Gold's mineral resources and mineral reserves, June, 2024, pages 74 to 76. Kalgold production numbers are provided for information purposes only. They do not suggest similar gold mineralization will be found within the company's Kraaipan project.

Previous surface sampling at Kraaipan returned exceptional results with 25 per cent of samples (22 of 89) returning anomalous gold (please see press release dated May 21, 2025), including:

• 11 samples greater than one g/t gold;
• Six samples greater than four g/t gold;
• Highest individual result of 10.1 g/t gold.

Proprietary exploration technology advantage

North Arrow's partner, Rockman Resources, through its operator Mineral Services, leverages over 25 years of operational experience in Botswana plus cutting-edge proprietary technologies that enabled this systematic exploration:

• High-resolution UAV magnetic surveys (greater than 20,000 line km completed);
• Mobile RC drilling platform optimized for variable Kalahari conditions;
• In-house sample preparation for verified QA/QC protocols and faster turnaround;
• Deep machine learning with potential for target generation with further accumulation of geophysical data sets.

The three-rotation drilling program generated 754 representative RC samples including field duplicates.

Sampling, laboratory analyses and quality assurance/quality control

RC samples collected in the field were driven to the mineral service facility in Gaborone to be sorted and prioritized into base of Kalarhari and bedrock samples for assay. Samples were allocated unique samples numbers, and sealed and shipped to ALS's laboratory in Johannesburg, South Africa, using industry standard chain of custody protocols. Following an initial coarse crush (CRU-21), the entire sample is then pulverized (PUL-21) to better than 85 per cent passing a 75-micron screen prior to geochemical analysis. All samples are analyzed for gold by fire assay with an ICP-AES finish, method code Au-ICP22 (50-gram sample). Samples returning gold values over 10 parts per million are subjected to ore grade check assays using fire assay and a gravimetric finish using method code Au-GRA22 (50-gram sample). Samples are also subjected to lithium borate fusion and acid digestion for whole-rock analysis of major and trace elements by ICP-AES (major elements) and ICP-MS (trace elements) with method codes ME-ICP06 and ME-MS81, respectively. In addition, a suite of base metals and other trace elements not included in the ME-MS81 method is analyzed by ICP-AES on four-acid digestions (method code ME-4ACD81).

Quality assurance/quality control protocols include ALS laboratory's own internal quality assurance controls, as well as Rockman's field controls, including the insertion of duplicates and blanks, each at a rate of roughly one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates and blanks fall outside of allowed tolerances.

Next steps

Following receipt and evaluation of the remaining RC drill results, North Arrow and Rockman will develop a follow-up program, likely consisting of additional RC drilling and sampling to further constrain and understand the nature of the anomalous gold identified so far, within priority areas. Angled RC or core drilling will be an important next step given many of the mineralized structures identified to date appear to be vertical in nature and cannot be properly assessed with vertical holes. Continued regional assessment of permissive structures regionally throughout the belt will also remain a priority.

About the Kraaipan gold project

The Kraaipan project comprises approximately 724 square kilometres of mineral concessions covering the entire approximately 60-kilometre northern extension of the highly prospective Kraaipan greenstone belt. Over 80 per cent of the belt is covered by Kalahari sands, presenting a significant underexplored opportunity in this gold-endowed geological terrain.

North Arrow can earn an up-to-80-per-cent interest through:

• First option (60-per-cent interest): $5-million (U.S.) in exploration expenditures over three years ($1-million (U.S.) firm commitment by June 30, 2025, achieved);
• Preliminary economic assessment option (additional 20-per-cent interest): completion of a preliminary economic assessment.

About North Arrow Minerals Inc.

North Arrow is a Vancouver-based exploration company focused on evaluating the Kraaipan gold project. Management and advisers bring significant global exploration and mining experience including key roles in the discovery of the Ekati and Diavik diamond mines. The company's exploration programs are conducted under the direction of Kenneth Armstrong, PGeo (Northwest Territories/Nunavut and Ontario), chairman of North Arrow, a qualified person under National Instrument 43-101. Mr. Armstrong reviewed and approved the technical and scientific information in this news release.

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