ARK.V · 2026-04-07 12:00:00

Arras Minerals Announces Mobilization of 3rd and 4th Diamond Drill Rigs to Elemes Project in Kazakhstan

Exploration Programs

ARRAS MINERALS ANNOUNCES

MOBILIZATION OF 3rd and 4th DIAMOND

DRILL RIGS TO ELEMES PROJECT IN

KAZAKHSTAN

TSX-V: ARK / OTCQB: ARRKF

VANCOUVER, BC

April 7, 2026

/CNW/ -

Arras Minerals Corp.

(TSXV: ARK) (OTCQB: ARRKF)

("Arras" or "Arras Minerals" or "the Company")

is pleased to report that the third and fourth drill

rigs have arrived on site and are preparing to commence drilling once ground conditions firm up from

the spring thaw at the Company's Elemes project in Kazakhstan.

Highlights

include:

Drilling activity to double with mobilization of two additional drill rigs at Elemes Project

At least 20,000m of focussed diamond drilling planned for this year on the Berezski Trend at the

Elemes Project

Drilling will focus on expanding and building scale at the copper-gold zones identified at the

Berezski North, Berezski Central and Berezski East targets

Since drilling recommenced in February, five holes have been completed with assays expected

to start being received this month.

The drill program that is now underway at Elemes is focussing on building on previous drill results,

and to date, approximately 30 holes totalling more than 15,000m of diamond drilling has been

completed along the Berezski Trend that now stretches for more than 10km. The Company has

confirmed three porphyry centres at Berezski North, Berezski Central and Berezski East, and may

have identified a new porphyry centre at the Novii Target. The Company is focussing the 2026

drilling program on building scale, size and continuity of near surface copper-gold mineralization at

the rapidly evolving Berezski Trend.

The two drill rigs that commenced drilling in February have focused on the Berezski North target

after completing an initial two holes at Berezski East and one hole at K-Ozek. The two additional

diamond drill rigs will initially drill several select holes at the Novii target, approximately 1km to the

south of Berezski Central to follow-up the discovery of zones of porphyry-style mineralization that

was intersected in the 2025 drill program. This mineralization is believed to be related to either the

Berezski Central porphyry or to a new, unrelated porphyry system, under cover, along the same

trend.

Following this initial work at Novii, these drills will shift to focus on further expansion of mineralization

at the Berezski Central and Berezski East targets.

Tim Barry, CEO of Arras Minerals commented,

"We are very pleased to be accelerating our drill

program on the Berezski Trend at the Elemes project with four diamond drills. Since the initial

results we announced in January of last year, we have progressively been enhancing our

understanding of the geologic controls while expanding the mineralization footprint at our key

targets where we are confident that we are advancing on at least two and possibly, a cluster of four

copper-gold porphyry centres across a 10km trend."

He went on to add,

"Our confidence

continues to grow as we continue to discover broad widths of near surface copper-gold

mineralization with grades that are as good or better of what is currently being mined at nearby

operating mines with first-quartile operating costs globally. Our objective for this year remains to

demonstrate size and scale at our key target areas that represent a clear path towards resource

definition for large-scale, near-surface copper-gold deposits in mining-friendly Kazakhstan."

Building Size and Scale on the Berezski Trend

Figure 1. Berezski Trend (Elemes Project) showing principal Targets (CNW Group/Arras Minerals

Corp.)

Figure 2. Berezski Trend (Elemes Project) showing principal targets and mineralization style (CNW

Group/Arras Minerals Corp.)

Figure 3. Berezski North Target with completed and proposed drill-holes, and current mineralized

footprints overlain on reduction to pole (“RTP”) ground magnetic survey data. (CNW

Group/Arras Minerals Corp.)

Figure 4. Berezski Central and East Targets with completed and proposed drill-holes, and current

mineralization footprints overlain on reduction to pole (“RTP”) ground magnetic survey

data (CNW Group/Arras Minerals Corp.)

Figure 5. Novii Target with completed and proposed drill-holes, overlain on reduction to pole

(“RTP”) ground magnetic survey data. (CNW Group/Arras Minerals Corp.)

Exploration Update

Four diamond drill-rigs are at Elemes and to date five holes have been completed with assays

pending. Two holes have been completed at Berezski East target to follow-up on holes EL24004

(138.8m grading 0.77 g/t Au and 0.09% Cu) and EL25019 (457.7m grading 0.61 g/t Au and 0.10%

Cu), a single hole was drilled at K-Ozek to explore a series of epithermal gold veins, and an

additional two holes have been completed at Berezski North, with two more holes underway.

Figure 6. Arras Minerals Elemes Project and project portfolio located in Pavlodar, Northeastern

Kazakhstan. (CNW Group/Arras Minerals Corp.)

Issuance of RSUs

The Company has granted an aggregate of 349,617 restricted share units ("RSU") to certain senior

officers and employees in accordance with the Company's Equity Incentive Plan (the "Plan") and

were priced based on the volume weighted average price of the Company's common shares on the

TSX Venture Exchange for the last five trading days immediately preceding the grant dates.

Of the 349,617 RSUs, 286,314 RSUs are scheduled to vest on February 26, 2027 and 63,303 RSUs

are scheduled to vest on March 31, 2027. Once vested, each RSU represents the right to receive

one common share in the capital of the Company per RSU held subject to the terms and conditions

of the Plan and the applicable RSU agreement.

Elemes Phase II Drill Program:

Since June of last year, Arras Minerals has been advancing its

20,000m Phase II diamond drill program at the Elemes Project. Drilling was paused in late

December for a scheduled winter break and recommenced in February. Nearly 10,000m were

completed in 2025, and the strength of the results has prompted Arras to plan an expansion of the

program to 30,000m, with completion targeted by the end of 2026.

Elemes Project Overview:

The Elemes Project comprises two exploration licenses covering 531

square kilometres in northeast Kazakhstan, located approximately 13 km southwest of Ekibastuz

and just 20 km from Arras's operational base. The project benefits from exceptional infrastructure,

with a paved highway crossing the licence, and access to 1100 KVA power lines, heavy rail, and

other utilities within a 15 km radius.

Situated within the prolific Bozshakol-Chingiz metallogenic belt, Elemes lies near significant regional

deposits, including the Beskauga porphyry copper-gold-silver deposit (~80 km east) and KAZ

Minerals' Bozshakol copper-gold mine (~60 km northwest), which reported mined grades in Q1 2025

of 0.37% Copper and 0.20 g/t gold.

Geologically, the property is underlain by interbedded intermediate volcanic and sedimentary rocks

intruded by multiple phases of diorite and monzodiorite porphyry. Copper-gold mineralization occurs

in sheeted and stockwork quartz-chalcopyrite veins associated with these intrusions. In addition,

high-grade low-sulphidation epithermal veins have been mapped on the property, representing a

secondary exploration target.

Property-wide soil sampling programs defined two extensive Cu-Mo-As geochemical anomalies: the

Berezski and Aimandai Trends, both considered priority targets for follow-up exploration drilling. A

Phase 1 drill program on the Berezski Trend in late 2024 returned high-grade porphyry/epithermal

copper and gold mineralization in results announced in Q1 2025. A 20,000m Phase 2 drill program

commenced in May 2025 which was expanded to 30,000 metres in January 2026 and is expected to

be completed by the end of 2026.

A series of epithermal quartz veins have also been mapped and sampled over a 2km strike length at

the K-Ozek target that is running along the eastern margin of the Berezski Trend.

References

Bozshakol Q1, 2025 Report

https://kazminerals.com/app/uploads/2025/12/q3-2025-production-report_final.pdf

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted

on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the

Qualified Person.

Arras Minerals QA/QC protocols are maintained through the insertion of certified reference material

(standards), blanks and field duplicates within the sample stream. Drill core is cut at Arras Minerals

operations base in Ekibastuz, Kazakhstan by Company personnel. Diamond drill core was sawed in-

half with a diamond saw, and then sampled in maximum 2-meter intervals, stopping at geological

boundaries, with one-half placed in sealed bags and shipped to the laboratory and the other half

retained on site.

Each bagged core sample was shipped to ALS Laboratory in Karaganda, Kazakhstan. Samples

were dried, crushed and pulverized to >80% passing -200 mesh. The prepared sample splits were

sent to the ALS Chemex's geochemical analysis laboratories laboratory in Loughrea, County

Galway, Ireland and Lima, Peru for multi-element analysis. Multielement analyses were analyzed

with ICP-MS following a four-acid digestion (method ME-MS61) and samples containing >1.0%

copper are analyzed via method Cu-OG62.

Gold analysis was conducted by ALS Chemex at the analytical laboratory in Karaganda,

Kazakhstan. Gold was analyzed by fire assay (30 g) with an AA (atomic absorption) finish (method

Au-AA23) with detection limits of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold are

analyzed by fire assay with a gravimetric finish (method Au-GRA21).

ALS is an accredited laboratory which is independent of the Company. Chain of custody is

maintained from the drill to the submittal into the laboratory preparation facility.

Qualified Person

The scientific and technical disclosure for this news release has been prepared under supervision of

and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified

Person for the purposes of NI 43-101. Mr. Booth has reviewed and approved this release. Mr.

Booth has over 20 years of mineral exploration experience and is a Qualified Person member of the

American Institute of Professional Geologists (CPG 12044).

Gold, copper and other mineral equivalents are calculated on the basis specifically set forth in

respect thereto in this presentation and are based upon the reasonable assumptions as to the prices

of various metals and their recoveries thereof made by management of the Company on a project-

by-project basis as converted metal. All drill-hole intervals are reported as drill widths, as true

thicknesses are unknown. Assumed metal prices are: US$3.75/lb. Copper, US$3,000/oz Gold,

US$35/oz Silver, & US$30/lb Molybdenum.

The Company has updated metal recoveries: 90% for copper, 85% for gold, 75% for silver, and

80% for molybdenum. These figures are based on a review of published data from advanced-stage

porphyry projects (including Vizcachitas, Los Andes Copper; Copper Creek, Faraday Coper;

Valeriano, ATEX Copper; Los Helados, NGEx Resources Inc.; Opemiska, XXIX Metal Corp; Costa

Fuego, Hot Chili Limited; Moonlight-Superior, US Copper Corp; Warintza, Solaris Resources, Inc.;

Chita Valley, Minsud Resources Corp.; Hat, Doubleview Gold Corp.)

Copper Equivalent ("CuEq") grades reported for the drill holes at Elemes were calculated using the

following formula: CuEq % = ((Copper (%)) x 0.9) + ((Gold (g/t) x 0.8571) x 0.85) + ((Silver (g/t) x

0.0117) x 0.75) + ((Molybdenum (ppm) x 6.8568) x 0.80).

Gold Equivalent ("AuEq") grades reported for the drill holes at Elemes were calculated using the

following formula: AuEq g/t = ((Gold (g/t) x 0.85) + ((Copper (%) x 1.1667) x 0.9) + ((Silver (g/t) x

0.0136) x 0.75) + ((Molybdenum (ppm) x 8.0) x 0.80).

On behalf of the Board of Directors,

"Tim

Barry"

Tim Barry, MAusIMM CP(Geo)

Chief Executive Officer and Director

Further information can be found on:

the Company's website

https://

www.arrasminerals.com

https://

www.linkedin.com/company/arrasminerals

https://twitter.com/arrasminerals

About Arras Minerals Corp:

Arras is a Canadian exploration and development company advancing

a portfolio of copper and gold assets in northeastern Kazakhstan, including the Elemes copper-gold

porphyry project where initial drill results in 2025 identified porphyry style mineralization across a 10

km line of strike. The Company has established one of the largest land packages in the country

prospective for copper and gold. The Company's shares are listed on the TSX-V under the trading

symbol "ARK" and on the OTCQB under the trading symbol "ARRKF".

Cautionary note regarding forward-looking statements

: This news release contains forward-

looking statements regarding future events and Arras' future results that are subject to the safe

harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act

of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-

looking statements include, among others, statements regarding plans and expectations of the

exploration program Arras is in the process of undertaking, the timing, scope, nature, breadth and

other information related to Arras' exploration program, any results that may be derived from the

Arras' exploration program, the prospects of Arras' business plans, and any expectations with

respect to any permitting, development or other work that may be required to bring any of the

projects into development or production. These statements are based on current expectations,

estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras

operates and the beliefs and assumptions of Arras' management. Words such as "expects,"

"anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates,"

"continues," "may," variations of such words, and similar expressions and references to future

periods, are intended to identify such forward-looking statements. Forward-looking statements are

necessarily based upon a number of assumptions that, while considered reasonable by management

at the time, are inherently subject to business, market and economic risks, uncertainties and

contingencies that may cause actual results, performance or achievements to be materially different

from those expressed or implied by forward-looking statements. Such assumptions include, but are

not limited to, assumptions that the anticipated benefits of Arras' proposed exploration program will

be realized, that no additional permit or licenses will be required in connection with Arras' exploration

programs, the ability of Arras' to complete its exploration activities as currently expected and on the

current anticipated timelines, that Arras' will be able to execute on its current plans, that Arras'

proposed explorations will yield results as expected, and that general business and economic

conditions will not change in a material adverse manner. Although Arras has attempted to identify

important factors that could cause actual results to differ materially from those contained in forward-

looking information, there may be other factors that cause results not to be as anticipated, estimated

or intended. There can be no assurance that such information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking information. Such

statements represent the current view of Arras with respect to future events and are necessarily

based upon a number of assumptions and estimates that, while considered reasonable by Arras, are

inherently subject to significant business, economic, competitive, political and social risks,

contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following:

inability of Arras to realize the benefits anticipated from the exploration and drilling targets described

herein or elsewhere; inability of Arras to complete current exploration plans as presently anticipated

or at all; inability for Arras to economically realize on the benefits, if any, derived from the exploration

program; failure to complete business plans as it currently anticipated; overdiversification of Arras'

portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in

market price for Arras shares; changes to Arras' current and future business and exploration plans

and the strategic alternatives available thereto; growth prospects and outlook of the business of

Arras; and the ability to advance Arras' projects and its proposed exploration program; risks inherent

in mineral exploration including risks related worker safety, weather and other natural occurrences,

accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain

regulatory and permitting approvals; no known mineral resources/reserves; reliance on key

management and other personnel; competition; changes in laws and regulations; uninsurable risks;

delays in governmental and other approvals, community relations; stock market conditions generally;

demand, supply and pricing for uranium; and general economic and political conditions in Canada,

Kazakhstan and other jurisdictions where Arras conducts business. Other factors which could

materially affect such forward-looking information are described in the filings of Arras with the

Canadian securities regulators which are available on Arras' profile on SEDAR+ at

www.sedarplus.ca

. Readers are cautioned that forward-looking statements are not guarantees of

future performance and that actual results or developments may differ materially from those

expressed or implied in the forward-looking statements. Any forward-looking statement made by

Arras in this release is based only on information currently available and speaks only as of the date

on which it is made. Arras undertakes no obligation to publicly update any forward-looking

statement, whether written or oral, that may be made from time to time, whether as a result of new

information, future developments, or otherwise.

SOURCE Arras Minerals Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/April2026/07/c8343.html

%SEDAR: 00053495E

For further information:

INVESTOR RELATIONS: +1 604 687 5800, [email protected]

CO: Arras Minerals Corp.

CNW 06:00e 07-APR-26

← Back to feed