North Arrow Appoints Dr. John Armstrong as President and Chief Operating Officer 03/02/2026 Trading Symbol - TSXV: NAR #26-03
PRESS RELEASE
Suite 1056 – 409 Granville Street, Vancouver, BC, Canada V6C 1T2 | Tel: 604 668 8355
NORTH ARROW APPOINTS DR. JOHN ARMSTRONG AS
PRESIDENT AND CHIEF OPERATING OFFICER
03/02/2026 Trading Symbol - TSXV: NAR #26-03
VANCOUVER B .C., CANADA, FEBRUARY 3, 2026 – North Arrow Minerals Inc. (TSX -V: NAR) (“ North
Arrow” or the “ Company”) is pleased to announce the appointment of Dr. John P. Armstrong as
President and Chief Operating Officer, effective today.
Eira Thomas, CEO of North Arrow, commented, "I am delighted to welcome John to North Arrow at this
pivotal time for the Company. As we accelerate our gold exploration activities in Botswana and pursue
additional opportunities across sub-Saharan Africa, John brings exactly the expertise we need. His early
career was built in some of Canada's most renowned Archean gold camps - working underground at
the Con and Campbell mines in Yellowknife and Red Lake and exploring the Hope Bay Greenstone Belt.
His Ph.D. research focused specifically on the mineralogy and genesis of gold ores at the Con Mine in
the Yellowknife Greenstone Belt, giving him deep technical insight into gold mineralization styles
including the types of BIF-hosted gold systems we are targeting at the Kraaipan Gold Project."
Ms. Thomas continued, "John also brings more than a decade of experience working in Botswana with
Lucara Diamond Corp., where he played a key leadership role in advancing the Karowe Diamond Mine.
His established relationships and operational knowledge in -country will be invaluable as we build on
the momentum from our successful 2025 exploration program. John has been tasked with overseeing
the Kraaipan Gold Project while also evaluating new gold opportunities across southern Africa to
expand our project pipeline."
Dr. John P. Armstrong is a seasoned mining executive with more than 34 years of experience in mineral
exploration, mining, and government in Canada and Botswana. He spent over a decade with Lucara
Diamond Corp., serving most recently as Vice President, Tec hnical Services (2018-2024), where he led
the technical team through pre -feasibility and feasibility study phases for the Karowe Underground
Expansion - Botswana's first shaft -accessed underground diamond mine. Dr. Armstrong was also
responsible for modell ing Karowe's unique diamond size distribution and implementing innovative
sensor-based XRT recovery circuits designed to preserve the value of the mine's largest, highest -value
stones.
Earlier in his career, Dr. Armstrong built extensive hands -on experience in Archean gold systems. He
worked as an underground production geologist at Placer Dome's Campbell Mine in Red Lake (1995 -
1997) and Miramar's Con Mine in Yellowknife (1994 -1995), where he was responsible for daily grade
control, stope mapping, and definition drilling.
2
He also worked on gold exploration at BHP's Boston Camp in the Hope Bay Greenstone Belt (1993) and
contributed to regional compilation work in the Yellowknife Greenstone Belt with NERCO Minerals
(1990-1992). His Ph.D. research at the University of Western Ontario focused on the silicate and
sulphide mineral chemistry of free-milling and refractory gold ores of the Con Mine, Yellowknife.
Dr. Armstrong served as District Geologist - Diamonds with Indigenous and Northern Affairs Canada
(INAC) from 1997 -2004, where he tracked diamond exploration activities across the Northwest
Territories and Nunavut. He held the Hutchison Visiting Chair for Mineral Deposits at the University of
Western Ontario (2009-2012), where he mentored the next generation of exploration geologists.
Dr. Armstrong currently serves on the board of directors of Tectonic Metals Inc., which is actively
exploring the Flat Gold Project in Alaska within the Tintina Gold Belt. He holds a Ph.D. in Geology (1997)
and an Honours B.Sc. in Geology (1989) from the U niversity of Western Ontario and is a registered
Professional Geologist with NAPEG. Dr. Armstrong is a Qualified Person under National Instrument 43-
101.
North Arrow has granted 350,000 incentive stock options to Dr. Armstrong pursuant to the terms of
the Company's Stock Option Plan approved by shareholders at the Annual General Meeting held on
December 18, 2025. The options are exercisable at CDN $0.27 per share and can be exercised until
February 3, 2031. Following this grant of stock options there are 2,427,500 stock options outstanding,
representing 8.49% of the Company's issued and outstanding common shares.
About North Arrow Minerals: Vancouver-based exploration company focused on evaluating the
Kraaipan Gold Project. Management and advisors bring significant global exploration and mining
experience. North Arrow’s exploration programs are conducted under the direction of Dr. John
Armstrong, P.Geo. (NWT/NU), President and COO of North Arrow and a Qualified Person under National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
North Arrow Minerals Inc.
/s/ “Eira Thomas”
Eira Thomas
President and CEO
For further information, please contact:
Nick Thomas
Manager of Investor and Community Relations
Tel: 778-229-7194
Email: [email protected]
Website: www.northarrowminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.
3
This news release contains "forward -looking statements" including but not limited to statements with
respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration
activities. Forward-looking statements, while based on management's best estimates and assumptions,
are subject to risks and uncertainties that may cause actual results to be materially different from those
expressed or implied by such forward -looking statements, including but not limited to: risks related to
the successful integration of acquisitions; risks related to general economic and market conditions;
closing of financing; the timing and content of upcoming work programs; actual results of proposed
exploration activities; possible variations in mineral r esources or grade; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on
insurance coverage and other risks of the mining industry; changes in national and local government
regulation of mining operations, tax rules and regulations. Although North Arrow has attempted to
identify important factors that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factor s that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements 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 statements. North Arrow
undertakes no obligation or responsibility to update forward-looking statements, except as required by
law.