Mr. Rasool Mohammad reports

ARYA RESOURCES ANNOUNCES $3.0 MILLION NON-BROKERED PRIVATE PLACEMENT

Arya Resources Ltd. has arranged a non-brokered private placement financing for aggregate gross proceeds of up to $3-million, consisting of a combination of flow-through and non-flow-through shares.

Financing highlights:

• Flow-through financing: up to $2-million through the issuance of four million flow-through (FT) common shares at a price of 50 cents per FT share;
• Non-flow-through financing: up to $1-million through the issuance of 2,222,222 non-flow-through (NFT) common shares at a price of 45 cents per NFT share;
• Total offering: up to 6,222,222 common shares for gross proceeds of $3-million;
• Finders' fees: The company may pay finders' fees consisting of:
  • A 7-per-cent commission in cash;
  • 7 per cent in finders' warrants, each exercisable at a price of 50 cents per share for a period of 24 months, subject to TSX Venture Exchange approval.

Use of proceeds

The gross proceeds from the FT shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act (Canada), primarily on the company's Wedge Lake gold project and Dunlop nickel-copper-cobalt project in Saskatchewan.

Proceeds from the NFT shares will be used for general working capital and corporate purposes.

Closing

The offering is expected to close in one or more tranches, subject to receipt of all necessary approvals, including acceptance of the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance.

About Arya Resources Ltd.

Arya Resources is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious and critical metal projects in Saskatchewan. The company is advancing its flagship Wedge Lake gold project and its Dunlop nickel-copper-cobalt project, both located in mining-friendly jurisdictions with excellent infrastructure.

As a Tier 2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through discovery-driven exploration, disciplined execution and responsible development.

We seek Safe Harbor.