Arbor Metals Announces Closing of Private Placement

NEWS RELEASE

ARBOR METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, Canada – December 11 th, 2024 – Arbor Metals Corp. (“Arbor” or the “ Company”)

(TSXV: ABR, FWB: 432) is pleased to announce that it has closed its non-brokered private

placement (the “Offering”) for gross proceeds of $2,342,080 . In connec Ɵon with closing of the

Offering, the Company has issued 340,000 units (each, an “NFT Unit”) at a price of $0.30 per NFT

Unit, 1,316,000 flow-through units (each, a “ NaƟonal FT Unit ”) at a price of $0.38 per Na Ɵonal

FT Unit, and 4,350,000 flow-through units (each, a “ Québec FT Unit ”, and collec Ɵvely with the

NFT Units and the NaƟonal FT Units, the “Offered SecuriƟes”) at a price of $0.40 per FT Unit.

Each NFT Unit consists of one common share of the Company (each a “Unit Share”) and one-half

of one common share purchase warrant (each whole warrant, a “ Warrant”). Each NaƟonal FT

Unit and Québec 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 en Ɵtles the holder to purchase one addiƟonal common share of the Company

(each, a “Warrant Share”) at a price of $0.55 at any Ɵme on or before December 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 NaƟonal FT Units

and the Québec FT Units will be used to incur “Canadian explora Ɵon expenses” as defined in

subsecƟon 66.1(6) of the Income Tax Act and “flow through mining expenditures” as defined in

subsecƟon 127(9) of the Income Tax Act, with the proceeds from the sale of the NaƟonal FT Units

expected to be directed towards the advancement of the Kemlee Lake Lithium Project, and the

proceeds from the sale of the Québec FT Units directed towards the Jarnet Lithium Project. Such

proceeds will be renounced to the purchasers of the NaƟonal FT Units and the Québec FT Units

with an effecƟve date not later than December 31, 2024, in the aggregate amount of not less than

the total amount of gross proceeds raised from the issue of the NaƟonal FT Units and the Québec

FT Units.

In connec Ɵon with closing of the Offering, the Company paid $68,520 and issued 306,600

common shares and 483,000 Warrants to certain arms-length parƟes, including GloRes SecuriƟes

Inc., who assisted in introducing subscribers to the Offering. All securiƟes issued in connec Ɵon

with the Offering are subject to restric Ɵons on resale un Ɵl April 12, 2025, in accordance with

applicable securiƟes laws.

This news release shall not cons Ɵtute an offer to sell or the solicita Ɵon of an offer to buy the

Offered SecuriƟes, nor shall there be any sale of the Offered SecuriƟes in any jurisdicƟon in which

such offer, solicitaƟon or sale would be unlawful prior to the registra Ɵon or qualifica Ɵon under

the securiƟes laws of any such jurisdic Ɵon. The Offered Securi Ɵes being offered will not be, and

have not been, registered under the United States Securi Ɵes Act of 1933, as amended, and may

not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

About Arbor Metals Corp.

Arbor Metals Corp. is a mining explora Ɵon company focused on developing high -value,

geographically significant mineral projects worldwide. Arbor is paving the way for advanced

mineral exploraƟon as it oversees world -class mining projects. The Company is confident that

combining quality projects with proven strategies and a dedicated team will yield excep Ɵonal

outcomes.

For further informa Ɵon, contact Mark Ferguson, Chief Execu Ɵve Officer, at

[email protected], or 403.852.4869, or visit the Company’s website at

www.arbormetalscorp.com.

On behalf of the Board,

Arbor Metals Corp.

Mark Ferguson, Chief ExecuƟve Officer

Neither the TSX Venture Exchange nor its Regula Ɵon Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United

States Private SecuriƟes LiƟgaƟon Reform Act of 1995 and applicable Canadian securi Ɵes laws. When or

if used in this news release, the words “an Ɵcipate” , “believe”, “esƟmate”, “expect”, “target, “plan”,

“forecast”, “may”, “schedule” and similar words or expressions iden Ɵfy forward -looking statements or

informaƟon. These forward -looking statements or informa Ɵon may relate to further exploraƟon of t he

Jarnet Lithium Project, the intended use of proceeds from the Offering, and other factors or informaƟon.

Such statements represent the Company’s current views with respect to future events and are necessarily

based upon a number of assump Ɵons and esƟmates that, while considered reasonable by the Company,

are inherently su bject to significant business, economic, compe ƟƟve, poli Ɵcal and social risks,

conƟngencies and uncertain Ɵes. Many factors, both known and unknown, could cause results,

performance, or achievements to be materially different from the results, performance or achievements

that are or may be expressed or implied by such forward-looking statements. The Company does not

intend, and does not assume any obliga Ɵon, to update these forward -looking statements or informaƟon

to reflect changes in assump Ɵons or changes in circumstances or any other events affec Ɵng such

statements and informaƟon other than as required by applicable laws, rules and regulaƟons.