Arbor Metals Confirms Lithium Targets and Identifies New Molybdenite Zone at Jarnet Lithium Project

NEWS RELEASE

ARBOR METALS CONFIRMS LITHIUM TARGETS AND

IDENTIFIES NEW MOLYBDENITE ZONE AT JARNET LITHIUM PROJECT

Vancouver, Canada – October 16th, 2024 – Arbor Metals Corp. (“Arbor” or the “ Company”) (TSXV: ABR,

FWB: 432) is pleased to announce the results of its till and channel sampling program as part of the Phase

2 exploration on its wholly-owned Jarnet Lithium Project, located in the Corvette Lithium Camp, central

Quebec. Information from this program has provided a wealth of new information and has led to the

identification of multiple drill targets for the inaugural drill program planned for fall of 2024. Notably,

lithium was discovered over multiple zones of the Jarnet project, including previously explored sections

as well as in the recently acquired Corvette Lake and St. Pierre claims. Additionally, a significant

molybdenum-bismuth bearing vein was discovered and channel sampled. This milestone marks another

significant step forward in advancing Arbor's exploration efforts in one of Canada's premier lithium

regions.

Till Survey

The Phase 2 till program was designed to overlap the initial discovery of fertile pegmatites on the Jarnet

1 and other Jarnet claims block (see Arbor press release of April 30, 2024). The pegmatite field, which is

located within the Guyer Formation composed of amphibolite and within felsic plutons bordering the

greenstone belt. Pegmatite outcrops were previously discovered approximately 1km from a northeast

mafic dyke. The initial discovery was characterized by an enrichment in lithium ranging from 40 ppm to

210 ppm, cesium from 30 to 195 ppm, and tantalum from 10 to 87 ppm, with rubidium values exceeding

700 ppm.

The till program consisted of three grids (Jarnet 1, 2, and 3) with an average spacing of 100 meters.

Detailed sampling was performed around large pegmatite dyke swarms with strong magnetic contrasts

and where combined lithium-cesium-tantalum anomalies were observed in the Phase 1 prospecting

program. The grids are located between 5 and 8 km north and 1.5 km northwest of the Corvette 5 deposit.

Additional work was also completed along a regional northeast lineament.

Results received from 302 samples show lithium enrichment corresponding to five times the background,

reaching 10 ppm. Although these anomalies are relatively weak, they demonstrate merit and warrant

further follow-up, especially in areas near northeast mafic dykes already apparent on the magnetic survey.

Channel Sampling

A total of 116 channel samples, totalling 72.4 meters, were taken from pegmatite outcrops identified in

2022. The objective of this sampling, which covered a strike length of approximately 1 km, was to obtain

larger and more representative samples. A sulfide-bearing quartz-K feldspar vein was manually stripped

and sampled. Pegmatite outcrops were also sampled, including 11 samples where molybdenite was

observed in a swarm of quartzo-feldspathic veins with tourmaline. The best results obtained were greater

that 2.5% Mo over 0.7 meters, with two identified clusters located approximately 250 meters apart.

Samples LENGTH UTMnad83_x UTMnad83_y Mo BI

00878 0.5 573070 5937002 >2.5% 0.29%

125223 0.9 572992 5937144 0.79% 0.046%

127799 0.6 572993 5937136 >2.50% 0.88%

127800 0.6 572993 5937136 1.17% NS

127872 0.7 572995 5937122 >2.5% 0.23%

127873 0.7 572995 5937125 >2.5% 0.26%

Note: Samples listed as >2.5% Mo corresponds to overlimit assays.

The best lithium results obtained were between 113 and 157 ppm for 5 samples.

Readers are cautioned that surface samples are selective by nature and may not represent the true

deposit grade or be indicative of further mineralization.

Drilling Proposal

With this information in hand, Arbor plans to drill several lithium and molybdenum targets. Seven targets

have been identified based on a combination of outcrops and till anomalies. A selection of targets will be

tested with one of two short holes of 100 to 150 meters. Although not the main focus of the Company,

the molybdenum showing will be tested considering the potential for grade, thickness, and lateral

extension of the mineralization. The assay results also indicate a polymetallic signature with locally strong

bismuth, tungsten, and copper values.

"At Arbor Metals, we are dedicated to conducting our exploration activities with the utmost regard for

environmental stewardship," said Mark Ferguson, President and CEO of Arbor. "We adhere to strict

environmental guidelines and prioritize collaboration with local communities and Indigenous nations in

all our endeavors. The discovery of lithium across multiple areas of our project highlights our commitment

to supporting the growing demand for domestic lithium in the North American electric vehicle market."

Arbor remains committed to responsible resource development and sustainable exploration practices. By

adhering to industry-leading environmental standards and fostering positive relationships with local

stakeholders, Arbor seeks to create long-term value while minimizing its environmental footprint.

Qualified Person

Martin Demers, PGeo, registered in the Province of Québec (OGQ No. 770), a consultant to Arbor and a

qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects , has

reviewed the technical contents of this news release and has approved the disclosure of the technical

information contained herein.

QA/QC

1 kg till samples were collected at varied depths to avoid surface oxidation. Samples were split by sieving

a fraction <0.08 mm for assaying by aqua regia. The coarse reject was split and assayed by peroxide fusion

for LCT. Rock samples are crushed and pulverized to obtain a 250 g fraction to be assayed by peroxide

fusion. Samples were sent to the SRC Saskatchewan Research Council, located at 2901 Cleveland Ave,

Saskatoon, SK, Canada, for analysis.

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 explora Ɵon as it

oversees world-class mining projects. The Company is confident that combining quality projects with

proven strategies and a dedicated team will yield excepƟonal outcomes.

The Jarnet, CorveƩe Lake and St. Pierre lithium project s, located in the James Bay region of Quebec,

comprises 83 map-designated claims, covering an area of approximately 5,606 hectares. The projects are

conƟguous to the Corve Ʃe-FCI property, where diamond drilling has confirmed significant lithium

mineralizaƟon represenƟng one of the highest-profile lithium exploraƟon projects in the sector.

Kemlee Lake Lithium is strategically located three kilometers east of Rock Tech Lithium Inc.'s Aumacho

claim blocks and twelve kilometers south of the Georgia Lake Project. The Project shares many geological

similariƟes with the prolific Georgia Lake deposit, including bedrock geology and the presence of massive

intrusive dykes. The primary target at the Project will be spodumene- bearing pegma Ɵtes hosted in

metasediments.

For further informaƟon, contact Mark Ferguson, Chief ExecuƟve 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 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 assumpƟons and esƟmates

that, while considered reasonable by the Company, are inherently subject to significant business, economic,

compeƟƟve, poli Ɵcal and social risks, con Ɵngencies 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 informa Ɵon to reflect changes in assumpƟons or changes in circumstances or any other

events affecƟng such statements and informa Ɵon other than as required by applicable laws, rules and

regulaƟons.