Arras Minerals Announces Grant of Restricted Share Units
ARRAS MINERALS ANNOUNCES GRANT OF RESTRICTED SHARE UNITS
March 15, 2024 TSX-V: ARK
Vancouver, British Columbia – Arras Minerals Corp. (TSX-V: ARK) (“Arras” or the “Company”) is pleased
to announce that in accordance with the Company’s Equity Incentive Plan, it has granted an aggregate of
1,495,484 restricted share units ("RSUs") to certain officers as 2023 annual performance awards. The RSUs
vest one year from the grant date (February 27, 2024) .
Additionally, an aggregate of 414,984 RSUs that were granted in February 2023 as 2022 annual
performance awards were settled as common shares of the Company effective March 14, 2024.
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
• follow us on X (formerly Twitter): https://twitter.com/arrasminerals
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 prospective for copper and
gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance
with Teck Resources ("Teck") in which Teck is sole funding a US$5 million generative exploration program
over a portion of the Arras license package in 2024 -2025, focusing on critical minerals. The Company’s
shares are listed on the TSX Venture Exchange under the trading symbol “ARK”.
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 plans and expectations of the exploration program Arras is in the process
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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 27, 2024 and in the
Company’s Annual Report on Form 20 -F for the fiscal year ended October 31, 202 3 filed with the U.S. Securities and Exchange
Commission filed on February 2 7, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are
not guarantees of f uture 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.