Mr. Mark Ferguson reports

ARBOR METALS CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Arbor Metals Corp. has closed the first tranche of its non-brokered private placement for gross proceeds of $2,253,549. In connection with closing of the first tranche of the offering, the company has issued 685,000 units at a price of 35 cents per non-flow-through unit, and 4,377,824 flow-through units at a price of 46 cents per FT unit. Each NFT unit consists of one common share of the company and one common share purchase warrant. Each FT unit consists of one common share of the company issued as a flow-through share"within the meaning of the Income Tax Act (Canada) and one-half of one warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at a price of 60 cents at any time on or before Oct. 31, 2025.

The company intends to complete further tranches of the offering, in any combination of NFT units and FT units, for total gross proceeds from the offering of $4-million. The net proceeds raised from the offering will be used for the further advancement of the Jarnet lithium project and for working capital purposes. Proceeds from the sale of the FT units will be used to incur "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act and flow-through mining expenditures as defined in subsection 127(9) of the Income Tax Act. Such proceeds will be renounced to the purchasers of FT units with an effective date not later than Dec. 31, 2024, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of the FT units.

In connection with the issuance of FT units upon closing of the first tranche of the offering, the company issued 571,428 common shares and 434,782 warrants to GloRes Securities Inc., who assisted in introducing subscribers to the offering. The company may pay additional finders' fees to eligible parties in connection with closing of further tranches of the offering. All securities issued in connection with the first tranche of the offering are subject to restrictions on resale until March 1, 2025, in accordance with applicable securities laws.

Completion of further tranches of the offering remains subject to the approval of the TSX Venture Exchange.

About Arbor Metals Corp.

Arbor Metals s a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.

We seek Safe Harbor.