ArcWest Exploration Inc. provided an update on exploration programs planned for the summer and fall of 2022, which include partner funded drilling on multiple ArcWest porphyry copper-gold (Cu-Au) projects. Summer and fall 2022 partner funded exploration programs on ArcWest's projects are anticipated to include the following: An ongoing geological mapping, geochemical sampling, geophysical (induced polarization) and drilling program at Oweegee Dome, funded by partner Sanatana Resources Inc. Todd Creek: ArcWest's 100% owned, 32,000 ha Todd Creek project is situated in BC's renowned Golden Triangle and adjoins Pretium's Brucejack mine property; in March of 2022 Newcrest Mining completed the acquisition of Pretium in a transaction valued at CAD 3.5 billion. Todd Creek is 45 km southeast of the giant KSM-Iron Cap porphyry Cu-Au deposits, owned by Seabridge Gold Inc. The west side of the Todd Creek valley is host to a 12 km long, highly gossanous corridor which contains abundant and widespread Cu-Au occurrences hosted by variably altered volcanic rocks, porphyritic intrusive rocks of KSM-Iron Cap age and associated breccia.

This very large target area is prospective for multiple porphyry Cu-Au centres and remains largely unexplored. Historical shallow inclined drill holes collared at the north end of the corridor intercepted previously unrecognized porphyry Cu-Au style veining. Low elevations on the west side of Todd Creek valley host multiple Cu-Au bearing jasperoidal silica-hematite enriched epithermal-like systems (South and Fall Creek zones) that warrant additional exploration.

Similar jasperoidal silica and hematite enriched systems are associated with gold bearing quartz-chalcopyrite veins and breccias at Sandstorm Gold Royalties' Hod Maden project and K92 Mining's Kora North project. Historical exploration of South and Fall Creek include grab samples with assays up to 37.7 g/t Au and 5.3% Cu (Fall Creek) and drill holes returning assays up to 3.47 g/t Au and 0.73% Cu over 31.85 m (NTC88-022, Fall Creek zone) and 3.61 g/t Au and 0.27% Cu over 29.75m (NTC88-019, South zone). The east side of Todd Creek valley contains a large area of outcropping polymetallic massive sulfide occurrences discovered in 2008 that is prospective for volcanogenic massive sulfide (VMS) mineralization; only one shallow inclined drill hole has tested this prospective area to date.

The drill hole intercepted massive honey sphalerite-chalcopyrite clast-bearing volcaniclastic rocks at shallow depths, suggesting proximity to VMS mineralization. Teeta Creek and NVI: ArcWest is in discussions with potential funding partners for an earn-in and joint venture agreement on its road accessible, Teeta Creek-NVI porphyry Cu-Au project, situated in northern Vancouver Island. Teeta Creek is fully permitted for drilling and is located 23 kilometers south of BHP-Billiton's past producing Island Copper porphyry copper-molybdenum-gold mine, and approximately 40 km south of NorthIsle Copper and Gold Inc.'s advanced stage Hushamu porphyry Cu-Au project.

Teeta Creek is host to a 5 Ma, ridge subduction related porphyry Cu-Au system that is open to the north, south and at depth. A recently identified epithermal Au-silver system overprints the porphyry at high elevations; sampling of this undrilled zone by ArcWest geologists have returned assays up to 21.1 g/t Au and 1 g/t Ag. Historic drillholes in the Teeta Creek valley floor intersected significant porphyry Cu mineralization but were not assayed for gold.

These include drill holes 75-1 and 68-3, which intercepted 0.35% Cu over 67 m and 0.23% Cu over 87 m, respectively. A 400 m wide corridor between these two drillholes remains virtually unexplored and remains a priority target for follow up drilling. The most well-developed porphyry style stockwork on the property is present in outcrops in the vicinity of these drill holes as are outcrops of Cu mineralized, intensely QSP/clay-pyrite altered dacite porphyry which contain evidence for relict potassic alteration.

The presence of anomalous Cu mineralization within zones of grade destructive alteration suggests potential to vector into better Cu mineralization with depth as the system transitions to potassic dominant alteration. Sparrowhawk: ArcWest's 100% owned Sparrowhawk project is available for option. It is situated in BC's Babine porphyry Cu-Au district.

The Sparrowhawk property surrounds Glencore's past producing Bell-Granisle mines, which are host to significant Cu-Au resources including measured and indicated resources totaling 330 Mt of 0.4% Cu and 0.2 g/t Au, and inferred resources totaling 120 Mt of 0.4% Cu and 0.2 g/t Au. The Bell porphyry Cu-Au deposit is open at depth and has yet to undergo deep drill testing. ArcWest's surrounding Sparrowhawk property contains multiple exploration targets for Bell-like porphyry Cu-Au systems and also contains proposed sites for waste and tailings management facilities for a potential Bell-Granisle restart.

ArcWest crews in 2019 discovered float and subcrop of K-silicate altered Cu-Au mineralized porphyritic intrusions in creeks draining the Newman-Morrison fault system, which is the controlling structure for porphyry Cu-Au deposits in the district. These discoveries are spatially associated with significant geophysical anomalies (magnetic highs and resistivity lows) which have yet to undergo follow up exploration. Rip and Huckleberry: ArcWest's Rip and the recently vended Huckleberry projects are located in BC's Bulkley porphyry Cu-Mo-Au district, which is host to multiple porphyry Cu-Mo-Au deposits including Imperial Metals Corp.'s past producing Huckleberry mine, Surge Copper Corp.'s Ootsa project, and the Berg project (Centerra Gold Inc.-Surge Cu Corp.).