Ms. Eira Thomas reports

NORTH ARROW CLOSES $4 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING

Further to North Arrow Minerals Inc.'s press releases dated Jan. 21 and Jan. 23, 2026, the company has closed its $4-million financing.

The company has issued a total of 16,666,750 units at a price of 24 cents per unit for total gross proceeds of $4,000,020.32. Each unit consisted of a common share of the company and one-half of one transferable common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share of the company at a price of 36 cents per warrant share up to March 5, 2028.

Three insiders of the company participated in the offering and acquired an aggregate of 721,666 units. The purchases by these insiders constitute related party transactions within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuances are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as they are distributions of securities for cash and the fair market value of the units issued to and the consideration paid by the insiders did not exceed 25 per cent of the company's market capitalization. No new insiders were created, nor any change of control occurred, as a result of closing the offering.

In accordance with applicable Canadian securities laws, unit shares and warrants issued pursuant to the offering will be subject to a four-month statutory hold period that expires on July 6, 2026.

Proceeds from the offering will be used to advance North Arrow's exploration activities and for general corporate purposes.

In connection with the offering, North Arrow paid finders' fees of $155,936.42 and issued 649,735 finder warrants. Each finder's warrant has the same terms as a warrant.

About North Arrow Minerals Inc.

North Arrow Minerals is a Vancouver-based exploration company focused on evaluating the Kraaipan gold project. Management and advisers bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Dr. John Armstrong, PhD, PGeo (Northwest Territories/Nunavut), president and chief operating officer of North Arrow and a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Dr. Armstrong has reviewed and approves the contents of this press release.

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