Arras Minerals Corp. announce the assay results from holes Bg21011 and Bg21013, which were drilled 3.2 kilometers south of the main deposit on the “Beskauga South” prospect. These drill results are from the ongoing exploration drill program at the Beskauga copper-gold deposit and surrounding area.

Hole Bg22013 returned intersection of 877.4 meters (“m”) of mineralization grading 0.27 gram per ton (“g/t”) gold-equivalent(“AuEq”) (0.24 g/t Au, & 0.24 g/t Ag) starting at 21.3 m to the end of the drill hole. Including 6.3 m grading 1.29g/t AuEq (1.18 g/t Au & 0.41 g/t Ag) from 794.7 m depth down-hole. Including 17.0 m grading 2.53g/t AuEq (2.49 g/t Au & 0.41 g/t Ag) from 604.0 m depth down-hole.

Including 23.0 m grading 1.68g/t AuEq (1.56 g/t Au & 0.70 g/t Ag) from 554.0 m depth down-hole. Including 82.7 m grading 0.53g/t AuEq (0.51 g/t Au & 0.21 g/t Ag) from 21.3 m depth down-hole. Hole Bg22011 returned intersection of 423.4 meters (“m”) of mineralization grading 0.24 gram per ton (“g/t”) gold-equivalent(“AuEq”) (0.22 g/t Au & 0.19 g/t Ag) starting at 26.7 m to the end of the drill hole.

Including 129.0 m grading 0.57g/t AuEq (0.55 g/t Au, 0.37 g/t Ag) from 96.0 m depth down-hole. Bg22011: The upper section of the drill hole passed through andesite basalt and porphyritic quartz monzonite before intersecting later equigranular quartz monzonite. Both the porphyritic and equigranular quartz monzonites show weak to moderate potassic alteration, characterized by the presence of K-feldspar, magnetite, biotite, and epidote.

The local argillic overprint, consisting of Illite and smectite, is strongly controlled by fault zones and correlates with low magnetic susceptibility values in the drill core. Gold mineralization is associated with occasional quartz-pyrite and quartz-magnetite veins, as well as magnetite and pyrite-only veins. Chalcopyrite is rare and weakly present.

The most significant mineralization is found at the contact zones of quartz monzonite and surrounding rocks and is controlled by structures. The last 70m of the drill hole intersected fresh and barren andesite basalt. Bg22013: intersected alternating intervals of equigranular quartz monzonite intruded into a porphyritic quartz monzonite, with andesite basalts reported in three intervals indicating an older volcanic event.

Alteration zones include moderate propylitic and weak to moderate potassic alteration. Strongest mineralization is related to contact zones of quartz monzonite and surrounding rocks, with gold mineralization associated with weak quartz-pyrite and quartz-magnetite veining, occasional magnetite, and pyrite only veins and stringers, or hematite after magnetite and pyrite veins in zones of argillic overprint. Chalcopyrite is sporadic with weak intensity.