Arbor Metals Provides Update ON Private Placement

NEWS RELEASE

ARBOR METALS PROVIDES UPDATE ON PRIVATE PLACEMENT

Vancouver, Canada – December 10 th, 2024 – Arbor Metals Corp. (“Arbor” or the “ Company”)

(TSXV: ABR, FWB: 432) announces that it will conduct a further non-brokered private placement

(the “Offering”) and intends to offer 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

NaƟonal 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.

The Offering has been fully-subscribed and is expected to result in gross proceeds of $2,342,080

to the Company. Each NFT Unit will consist 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 will consist 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 will enƟtle the holder to purchase one addiƟonal common

share of the Company (each, a “Warrant Share”) at a price of $0.55 for a period of twelve months.

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 connecƟon with closing of the Offering, the Company intends to pay finders’ fees to certain

arms-length parƟes, including GloRes SecuriƟes Inc., who have assisted in introducing subscribers

to the Offering. All securiƟes issued in connecƟon with the Offering will be subject to restricƟons

on resale for a period of four-months-and-one-day in accordance with applicable securiƟes laws.

The Company previous completed a non-brokered private placement in two tranches on October

31, 2024 and November 8, 2024, in which it issued a total of 885,000 non-flow-through units

(each, an “IniƟal NFT Unit”) and 5,707,824 flow-through units (each, an “IniƟal FT Unit”) for gross

proceeds of $2,935,349. Each IniƟal NFT unit was offered at a price of $0.35 and consisted of one

common share of the Company and one common share purchase warrant (each, an “ IniƟal

Warrant”). Each IniƟal FT unit was offered at a price of $0.46 and consisted 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 IniƟal Warrant. Each whole IniƟal Warrant enƟtled the holder to

purchase one addiƟonal common share of the Company at a price of $0.60 for a period of twelve

months.

For further informa Ɵon regarding the previous non -brokered private placement, readers are

encouraged to review the news releases issued by the Company on October 28, October 31 and

November 8, 2024, copies of which are available under the profile for the Company on SEDAR+

(www.sedarplus.ca).

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 and the Kemlee Lake 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 es Ɵmates 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 assump Ɵons or changes in circumstances or any other

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

regulaƟons.