Mr. Rasool Mohammad reports

ARYA RESOURCES LTD. (RBZ) DRILLS 3.5 KILOGRAM PER TONNE (KG. /T) COPPER, 6.1 KG. /T NICKEL, AND 0.247 KG. /T COBALT OVER 36.5 METERS

Arya Resources Ltd. has received results for its fall drill program on the company's Dunlop nickel-copper project in Northern Saskatchewan, Canada. The program consisted of eight drill holes totalling 1,045 metres and was completed between Dec. 7 and 17, 2023.

Drill hole AR 23-007 intersected, starting from 16 metres (m):

• 35.50 metres (m) of 0.32 per cent copper (Cu), 0.39 per cent nickel (Ni) and 161 grams per tonne (g/t) cobalt (Co);
  • Including 0.41 per cent Cu, 0.52 per cent Ni and 195 g/t Co over 17 m.

Drill hole 008 intersected, starting from 18.5 m:

• 36.5 m of 0.35 per cent Cu, 0.61 per cent Ni and 247 g/t of Co;
  • Including 0.64 per cent Cu, 1.35 per cent Ni and 518 g/t Co over 9.7 m.

The project is located 37 kilometres north of La Ronge via Provincial Highway 102 and then an eight km bush road heading west to Nemeiben Lake provides excellent access. A power line runs along Provincial Highway 102 and would provide easy access to hydro for the project site.

The drill program was designed to test favourable nickel-copper targets identified within the historic Dunlop Ni-Cu zone identified at the east zone -- the mineralization showed continuity and appears to be of similar nature to the zone intersected in the historic drilling, 3 to 5 per cent disseminated and blebby pyrrhotite with trace to 1 per cent pentlandite and chalcopyrite. Locally, on a metre scale, sulphide content increases to 30 per cent.

Previous drilling in 1960 to 1980 identified a historical deposit totalling 18.11 million tonnes of Ni, and Cu mineralization of which 12.83 million tonnes were considered able to be mined as an open pit and the balance by underground mining. Grades ranged from 0.55 per cent Ni to 1.46 per cent Ni and 0.15 per cent Cu to 0.39 per cent Cu with assays of up to 0.35 per cent chromium and 0.15 per cent Co.

Haultain uranium property -- Athabasca basin, Saskatchewan, Canada

The company also owns early-stage uranium claims near the Athabasca basin of Saskatchewan: 20,625 acres in Key Lake McArthur River uranium corridor less than 50 km from a mill. Several uranium mining companies are drilling the Key Lake/McArthur River uranium corridor. Projected strike of the P-2 thrust fault, which hosts the McArthur River uranium mine in the Athabasca basin, extends onto the property. Basement-hosted uranium deposit(s) could be coming to surface outside the current limits of the Athabasca basin, where the property is located. A very large magnetic low runs through the middle of the property. The company plans to conduct exploration work in 2024 in preparation for defining follow-up uranium drill targets.

Qualified person

Kevin Wells, PGeo, a consulting geologist to the company, is the independent qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects for the technical disclosure contained in this news release.

About Arya Resources Ltd.

Arya Resources is a Tier 2 listed mining and mineral exploration company. The company is focused on acquiring, exploring and developing energy/precious metals projects, including gold, uranium and base metals in stable jurisdictions.