Arras Minerals Announces Agm Voting Results and Appoints Vice President of Exploration
ARRAS MINERALS ANNOUNCES AGM VOTING RESULTS AND APPOINTS
VICE PRESIDENT OF EXPLORATION
April 17, 2023 TSX-V: ARK
Vancouver, British Columbia - Arras Minerals Corp. (TSX.V: ARK) (“Arras”, or the “Company”) is pleased
to announce the detailed voting results of the proposals considered at its annual meeting of shareholders
held on April 13, 2023 (the “Meeting”) as well as the appointment of Matthew Booth to Vice President of
Exploration.
Annual General Meeting
A total of 14,319,748 or 20.9% of the Company’s issued and outstanding shares were represented at the
Meeting.
The Company’s shareholders have voted to set the number of directors to seven (7) (12,159,049 or 99.1%
voted “For”, and 116,603 or 0.9% voted “Against”).
The following nominees, as listed in Arras’ management information circular, were elected as directors of
the Company:
Director Votes For % Withheld Votes %
Brian Edgar 12,059,854 98.2% 215,798 1.8%
Timothy Barry 12,100,079 98.6% 175,573 1.4%
Darren Klinck 12,100,410 98.6% 175,242 1.4%
G. Wesley Carson 12,088,322 98.5% 187,330 1.5%
Daniel Kunz 12,011,422 97.8% 264,230 2.2%
Vera Kobalia 12,068,454 98.3% 207,198 1.7%
Christian Milau 12,094,347 98.5% 181,305 1.5%
Arras is also pleased to announce that the Company’s shareholders have ratified and approved the
appointment of Smythe LLP as the Company’s auditors, for the fiscal year ending October 31, 2023
(14,209,690 or 99.2% voted “For”, and 110,058 or 0.8% abstained from voting).
Full details of the proposals are fully described in the Company’s management information circular filed
on March 14, 2023 available on SEDAR at www.sedar.com.
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Appointment of Matthew Booth as Vice President of Exploration
Mr. Matthew Booth is a seasoned geologist with 20 years experience predominantly in Latin America and
Australia working in a variety of greenfields, brownfields and production environments. He will be
relocating to be based in Kazakhstan later this year.
Tim Barry, CEO, commented, “We are very pleased to welcome Matt to the Arras Minerals team. He brings
a wealth of geological experience to the team, especially related to porphyry and epithermal mineralizing
systems. Over the last 18 months Arras has assembled an expert team of local and international geologists,
community relations experts and logistics personnel, and has significant drilling and exploration programs
planned for this year.”
About Matthew Booth: Matt holds a master’s degree in Mineral Exploration from University of Leicester
and has over 20 years field exploration experience, predominantly in Latin America. Over the course of
his career Matt has worked as Exploration Manager for Golden Minerals in Mexico, and Exploration
Manager of Peru for First Quantum Minerals Ltd. and is a Qualified Person member of the American
Institute of Professional Geologists (CPG 12044).
About the Beskauga Deposit : The Beskauga deposit is a gold-copper-silver deposit with an “Indicated”
Mineral Resource of 111.2 million tonnes grading 0.49 g/t gold, 0.30% copper, and 1.3 g/t silver for 1.75
million ounces of contained gold, 333.6 thousand tonnes of contained copper, and 4.79 million ounces of
contained silver and an “Inferred” Mineral Resource of 92.6 million tonnes grading 0.50 g/t gold, 0.24%
copper and 1.1 g/t silver for 1.49 million ounces of contained gold, 222.2 thousand tonnes of contained
copper, and 3.39 million ounces of contained silver. The constraining open pit was optimized and
calculated using a Gross Metal Value (“GMV”) cut-off of $20/tonne based on a price of $1,750/oz for gold,
$3.50/lb for copper, $22/oz for silver, and with an average recovery of 85% for copper and 74.5% for gold
and 50.0% for silver.
Qualified Person: The technical information of this news release has been reviewed and approved by Tim
Barry, a Chartered Professional Geologist MAusIMM CP(Geo), and a qualified person for the purposes of
National Instrument 43-101.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, MAusIMM (CP(Geo))
Chief Executive Officer and Director
INVESTOR RELATIONS:
+1 604 687 5800
Further information can be found on the Company’s website https://www.arrasminerals.com or follow
us on LinkedIn: https://www.linkedin.com/company/arrasminerals or Twitter:
https://twitter.com/arrasminerals
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About Arras Minerals Corp.
Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets
in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.
The Company has established the third-largest license package in the country (behind Rio Tinto and
Fortescue Metals Group) prospective for copper and gold in the country. The Company’s shares are listed
on the TSX-V under the trading symbol “ARK”.
Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This press release uses
the terms “measured resources”, “indicated resources”, and “inferred resources” which are defined in, and required to be disclosed
by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured,
indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of
proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be
converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic
viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred
mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. Under
Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.
Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations, however the SEC normally only
permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade
without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar
information made public by U.S. companies that are not subject NI 43-101.
Cautionary note regarding forward-looking statements: This news release contains forward-looking statements regarding future
events and Arras’ future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act
of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking
statements include, among others, statements regarding the use of net proceeds from the recent private placement, plans and
expectations of the drill program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and
other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations,
estimates, forecasts, and projections about Arras’ exploration projects, the industry in which Arras operates and the beliefs and
assumptions of Arras’ management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,”
“believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future
periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond management’s control, including undertaking further exploration
activities, the results of such exploration activities and that such results support continued exploration activities, unexpected
variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing,
and other matters discussed under the caption “Risk Factors” in the Management Discussion and Analysis filed on the Company’s
profile on SEDAR on February 24, 2023 and in the Company’s Annual Report on Form 20-F for the fiscal year ended October 31,
2022 filed with the U.S. Securities and Exchange Commission filed on February 24, 2023 available on www.sec.gov. Readers are
cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments
may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made
by the Company in this release is based only on information currently available and speaks only as of the date on which it is made.
The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information, future developments, or otherwise.