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ABR.V ·

Arbor Metals Commences Review of Resource Projects

Corporate Updates

ARBOR METALS CORP.

Suite 2200, 885 West Georgia Street

Vancouver, British Columbia

V6C 3E8

NEWS RELEASE

ARBOR METALS COMMENCES REVIEW OF RESOURCE PROJECTS

December 12, 2019 – Vancouver, British Columbia – Arbor Metals Corp. (the “Company”)

(TSXV: ABR) announces that its board of directors has commenced a review of potential

strategic acquisition opportunities for the Company in the resource sector. The review will focus

on exploration-stage mineral projects in developing jurisdictions, with a particular focus on

Africa.

It is anticipated that the review will involve an assessment of potential assets for acquisition, and

will include a review of historical exploration data and technical analysis. T he Company

anticipates providing further information regarding the results of this review in the first quarter of

2020. The Company will provide details of any transactions which it intends to undertake once

terms have been negotiated.

For further information, contact Alex Klenman at [email protected].

On behalf of the Board,

Arbor Metals Corp.

Alex Klenman, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation 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

Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. W hen or if used in this news

release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar

words or expressions identify forward-looking statements or information. T hese forward-looking statements or

information may relate to a review of potential strategic acquisition opportunities, and other factors or information.

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

upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently

subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.

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 obligation, to update these forward-looking

statements or information to reflect changes in assumptions or changes in circumstances or any other events

affecting such statements and information other than as required by applicable laws, rules and regulations.