Mr. Mark Ferguson reports

ARBOR METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Arbor Metals Corp. has closed its non-brokered private placement for gross proceeds of $2,342,080. In connection with closing of the offering, the company has issued 340,000 units at a price of 30 cents per non-flow-through (NFT) unit, 1,316,000 flow-through (FT) units at a price of 38 cents per national FT unit and 4.35 million flow-through units at a price of 40 cents per Quebec FT unit. Each NFT unit consists of one common share of the company and one-half of one common share purchase warrant. Each national FT and Quebec 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 55 cents at any time on or before Dec. 11, 2025.

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 national FT units and the Quebec 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, with the proceeds from the sale of the national FT units expected to be directed toward the advancement of the Kemlee Lake lithium project and the proceeds from the sale of the Quebec FT units directed toward the Jarnet lithium project. Such proceeds will be renounced to the purchasers of the national FT units and the Quebec 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 national FT units and the Quebec FT units.

In connection with closing of the offering, the company paid $68,520 and issued 306,600 common shares and 483,000 warrants to certain arm's-length parties, including GloRes Securities Inc., who assisted in introducing subscribers to the offering. All securities issued in connection with the offering are subject to restrictions on resale until April 12, 2025, in accordance with applicable securities laws.

About Arbor Metals Corp.

Arbor Metals is 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.