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Arras Minerals Outlines 2026 Elemes Exploration Plan - Doubles Drill Rigs to Four in Q1 2026

Exploration Programs

ARRAS MINERALS OUTLINES 2026 ELEMES

EXPLORATION PLAN - DOUBLES DRILL RIGS

TO FOUR IN Q1 2026

TSX-V: ARK / OTCQB: ARRKF

VANCOUVER, BC

,

Jan. 22, 2026

/CNW/ -

Arras Minerals Corp.

(TSXV: ARK) (OTCQB: ARRKF)

("Arras" or "Arras Minerals" or "the Company")

is pleased to outline the 2026 Elemes

Exploration Plan focused on accelerating the advancement of the Elemes Project in the Pavlodar

region of northeast

Kazakhstan

.

Highlights of the program include:

Phase 2 Elemes drill program expanded, additional 20,000+ metres ("m") of core drilling

planned, with

Two drills to commence in February and an additional two drills to commence in March

Primary emphasis on expanding scale of Berezski Central and Berezski North targets

Additional drilling extending the footprint of Berezski East Target and to find the source of the

porphyry mineralization identified at the Novii target (announced

December 16, 2025

)

6,000m

of Top of Bedrock ("KGK") drilling planned at both Berezski and Aimandai Trends to

accelerate target definition in these zones.

Darren Klinck

, President commented,

"One year ago this month we announced the initial results

from our Phase 1 drilling program at Elemes which started to outline the emergence of two distinct

porphyry centres at Berezski North and Berezski Central. Pleasingly, after successfully raising

capital and commencing the Phase 2 program in May, the follow-on eight months of work has

delivered further expansion of the mineralized zones in both of these target areas and has

identified additional targets at Berezski East and Novii which the Company has yet to determine if

they are likely extensions of Berezski Central or new porphyry systems altogether. Overall, we

believe that the outcomes from this first year of work warrants accelerating activity and we are

doubling the drills that will be operating at Elemes to four rigs by March this year."

He went on to say,

"At a time when the world is waking up to the importance of critical minerals

and commodities generally, our thesis that

Kazakhstan

would continue to be a stable jurisdiction to

operate in and one that goes on attracting more and more foreign interest continues to play out.

Marrying that with tremendous mineral endowment, and the

Kazakhstan

cost advantage, we

continue to believe that the Elemes Project holds the near-term potential to demonstrate more than

one scalable copper-gold deposit at grades that are consistent with operating copper-gold mines in

Kazakhstan

today, some of which are among the lowest cost operations globally. The timeline to

explore for, develop, permit and operate a new mine in

Kazakhstan

going forward we believe will

be amongst the shortest and with some of the lowest capex intensity of any critical minerals

provinces globally. The vast infrastructure, deep acceptance from society paired with the ongoing

support and encouragement from our government partners, creates the environment that will be a

competitive advantage for Arras going forward."

Berezski Trend - Overview

2025 marked a year of major advancements at Elemes. The Company commenced Phase 2 drilling

in May and completed nearly

10,000m

of drilling by late December. The program significantly

expanded the footprints of copper-gold mineralization at Berezski Central, Berezski East and

Berezski North and discovered a potential new porphyry system at Novii. This work has expanded

the length of the Berezski Trend to at least a 10 kilometre ("km") long strike length and

demonstrates that mineralization continues below cover to the south. Grades and widths reported

to-date at Elemes are consistent with mined grades from operating open-pit copper operations in

Kazakhstan

today.

A 64-hole KGK drilling program was completed in Q4 2025 across the Berezski East and Berezski

Central targets to evaluate whether this technique could accelerate exploration along the entire

length of the Berezski Trend. The program was highly successful, confirming the northward and

southward continuation of mineralization at both Berezski Central and Berezski East, while also

identifying multiple new, previously unrecognized, gold zones in the immediate vicinity of Berezski

East. Initial follow-up drilling of one of these newly identified zones returned encouraging gold

mineralization in drill hole EL25022, which intersected

29.9m

grading 0.63 g/t Au starting from a

depth of

14.0m

. These results validate the effectiveness of the KGK approach as a powerful

discovery tool and demonstrate its potential to rapidly generate new targets, which represent priority

areas for future exploration and expansion of the mineralized footprint.

Magnetotellurics ("MT") and Gravity geophysical surveys were also completed at the Berezski and

Aimandai Trends in Q4 2025. They have provided additional important data supporting the concept

of the potential presence of several large porphyry systems along the Berezski Trend.

In 2026, Arras plans to expand the diamond drill program for at least an additional

20,000m

on key

Berezski Targets and also conduct a systematic 6,000m+ KGK drilling program along the entire

length of the Berezski Trend and priority areas of the Aimandai Trend identified from the various

magnetic, gravity and MT geophysics surveys. This KGK program will rapidly define the

mineralization footprints of existing targets and identify additional new targets for follow-up

prioritization and drilling.

Berezski North

The Company completed six drill holes at the Berezski North target in H2 2025, outlining a

600m

long

copper-gold mineralized system. Deeper drilling has intersected broad intervals of porphyry-style

mineralization in drill-holes EL24005 (

547.0m

grading 0.48 g/t Au and 0.23% Cu) and EL25027

(results pending).

Berezski North is defined by a several large chargeability highs (Figure 1), surrounding a large

magnetic high (Figure 2). The chargeability anomaly is probably related to a pyrite halo that

commonly surrounds the potassic core of many porphyry deposits.

Figure 1: Berezski North Target showing completed and planned drill-holes overlain on IP

chargeability data (at 100m below surface). (CNW Group/Arras Minerals Corp.)

Several discrete magnetic lows are spatially related to the hydrothermal breccias that have been

intersected in several drill-holes, including drill holes EL25014A (

154.0m

grading 0.72 g/t Au and

0.29% Cu) and EL25023 (

246.2m

grading 0.75 g/t Au and 0.24% Cu).

Figure 2: Berezski North Target showing completed and planned drill-holes overlain on ground

magnetic data with IP chargeability highs and gravity lows outlined. (CNW Group/Arras Minerals

Corp.)

The MT survey results (Figure 3) recently received from the program completed in Q4 2025 has

defined a large conductivity anomaly centered below drill hole EL24006 (

56.0m

grading 0.35 g/t Au

and 0.35% Cu), with high conductivity zones extending to surface that coincide with porphyry

mineralization intersected in holes EL24005 and EL25027 and with the breccias intersected in hole

EL25014A and EL25023, indicating that the areas of mineralization intersected to date may connect

to a much larger mineral system a depth.

Figure 3: MT Cross section B-B’ (looking north) through the Berezski North target, showing

completed and planned drill-holes. (CNW Group/Arras Minerals Corp.)

The 2026 drilling will test the conductivity zones to the southwest of drill-holes EL24005 and

EL25014A, towards the center of Berezski North Target and test the deep conductivity zones. KGK

drilling will be conducted systematically over the entire Berezski North Target to cost-effectively test

the various near surface conductivity, chargeability and magnetic lows to determine their origin.

Berezski Central /Berezski East

Results from 2025 identified wide zones of porphyry Cu-Au mineralization with hole EL25012

(

444.0m

grading 0.25 g/t Au and 0.16% Cu) extending the mineralization to at least

500m

depth.

Hole EL25018 (

76.0m

0.28 g/t Au and 0.17% Cu expanded the footprint to

600m

strike length.

Regional drilling has defined a large, low-grade (>0.1 g/t Au) gold shell extending for at least 2.1 km

(see Figure 4) from drill-hole EL24003 (

264.0m

grading 0.17 g/t Au) to drill-hole EL25013 (

192.0m

grading 0.16 g/t Au).

The ground magnetic data shows that the current Cu-Au mineralized envelope is in the center of a

very large, demagnetized zone caused by the alteration associated with a large porphyry system.

At Berezski East, the mineralization coincides with a 2 km long linear magnetic high. The IP and MT

data shows subtle chargeability and conductivity anomalies, probably reflecting the lower sulphide

content seen in the drilling from this area.

Figure 4: Berezski Central and Berezski East Target with completed and planned drill-holes overlain

on ground magnetic data (reduced to pole), with gravity lows highlighted. (CNW Group/Arras

Minerals Corp.)

The MT survey has defined a large 2.5 km by 1.2 km conductivity high at Berezski Central (Figure 5)

that extends south towards drill-hole NOV25003. It is believed that this anomaly is caused either by

sulphides or clay minerals associated with porphyry systems. The weaker anomalies seen at

Berezski East reflect the lower sulphide content seen in drill-holes at this target.

Figure 5: Berezski Central and Berezski East Target with completed and planned drill-holes overlain

on MT data at 340m depth. (CNW Group/Arras Minerals Corp.)

At Berezski Central, drilling will focus on expanding the footprint of the known mineralization with

holes exploring the continuation of the near surface conductivity anomaly to the south towards the

Novii Target; additionally several holes are planned to test the large near-surface conductivity

anomaly; and several holes are planned to explore the large deeper conductivity anomaly located to

the west of the current mineralization to determine its cause.

At Berezski East, drilling will explore the prominent magnetic high that hosts the Au-Cu mineralization

seen in holes EL24004 (

138.8m

grading 0.77 g/t Au and 0.09% Cu) and EL25019 (

457.5m

grading

0.61 g/t Au and 0.10% Cu) to the north and south. Several holes will explore a prominent gravity low

to the northeast of hole EL25019 to determine its cause, and to see if it is the source of the

porphyry-style (potassic) alteration and mineralization intersected in that hole (released

October 8,

2025

). Follow-up drilling on gold intercepts from the KGK drilling (released

December 16, 2025

) that

identified multiple gold zones to the east of holes EL25019 and EL24004 is also planned.

The MT survey defined a series of large, near surface conductivity anomalies at Berezski Central

and Berezski East. These appear to link at depth to a larger anomaly at depth to the west of

Berezski Central (Figure 6), which is also planned to be tested as part of the 2026 drill program.

Figure 6: MT Cross section (A – A’) through Berezski Central and Berezski East deposits showing

completed and planned drill-holes. The vertical white zone is due to a powerline crossing the

property. (CNW Group/Arras Minerals Corp.)

Novii

The discovery of porphyry style mineralization at Novii in hole NOV25003 (announced in the

December 16, 2025

news release –

14.0m

grading 0.23 g/t Au and 0.08% Cu) demonstrated that

the Berezski Trend continues at least another 2 km south of Berezski Central beneath cover. A

review of the geophysical data including ground magnetic and MT conductivity appears to show that

hole NOV25003 may have intersected the distal margin of a porphyry system.

The ground magnetic survey (Figure 7) identified a discrete magnetic high located

900m

south of

hole NOV25003, and the Company believes that this potentially could be related to the core of a

porphyry system, with hole NOV25003 intersecting the demagnetized phyllic halo.

Figure 7: Novii Target showing completed and planned drill-holes overlain on ground magnetic data

(reduced to pole), with gravity lows and conductivity highs highlighted. (CNW Group/Arras Minerals

Corp.)

Arras plans to test these compelling geophysical targets to determine their source and evaluate their

relationship to the distal porphyry-style mineralization intersected in drill hole NOV25003. These

targets may represent vectors toward the core of a large, previously unrecognized porphyry system

and offer a significant opportunity for discovery.

Aimandai Trend

In 2025, the Company focused on the emerging Berezski Trend, as well as conducting regional

drilling on the Teck joint venture licenses. Concurrently, the Company completed extensive IP, MT

and gravity surveys over the largely unexplored Aimandai Trend that delineated several conductivity

highs with coincident gravity lows. The Company plans to initiate a systematic KGK drilling program

(Figure 8) across geophysical targets on the Aimandai Trend in Q2, designed to quickly evaluate

large areas, define mineralized zones and district-scale trends, and generate immediate, high-priority

targets for follow-up diamond drilling.

Figure 8: Proposed KGK drill-program and soil copper pXRF geochemical anomalies, Aimandai

Trend (CNW Group/Arras Minerals Corp.)

Hole_ID

Intersection

Interval

Au

Cu

Ag

Mo

CuEq

AuEq

From (m)

To (m)

(m)

(g/t)

( %)

(g/t)

ppm

( %)

(g/t)

EL25012

3.0

581.0

578.0

0.21

0.14

0.49

42.14

0.37

0.31

including

137.0

577.0

440.0

0.25

0.16

0.55

42.64

0.42

0.36

EL25013

69.0

261.0

192.0

0.16

0.01

1.08

1.48

0.18

0.15

including

105.0

123.0

18.0

0.29

0.00

1.53

1.51

0.31

0.26

EL25014

Hole Lost at 30m depth

EL25014A

130.0

284.0

154.0

0.72

0.29

3.43

53.51

1.04

0.89

including

130.0

248.0

118.0

0.91

0.36

4.41

68.66

1.31

1.12

EL25015

No Significant Results

EL25016

0.0

276.0

276.0

0.32

0.21

3.73

1.96

0.55

0.47

Including

0.0

104.0

104.0

0.63

0.46

4.24

3.52

1.09

0.93

EL25017

91.0

128.0

37.0

0.11

0.02

0.71

1.64

0.14

0.12

EL25018

52.0

244.0

192.0

0.19

0.13

0.79

62.38

0.35

0.30

Include

76.0

152.0

76.0

0.28

0.17

1.02

92.18

0.50

0.43

EL25019

0.0

457.5

457.5

0.61

0.10

0.48

2.69

0.70

0.60

Include

0.0

231.0

231.0

0.97

0.13

0.53

2.19

1.08

0.93

EL25020

358.1

672.0

313.9

0.14

0.12

0.43

48.44

0.29

0.25

Include

358.1

414.0

55.9

0.21

0.13

0.39

60.26

0.37

0.31

EL25021

42.0

97.0

55.0

0.11

0.11

1.04

70.97

0.26

0.22

EL25022

14.0

43.9

29.9

0.63

0.01

0.30

7.50

0.64

0.55

&

302.0

349.0

47.0

0.42

0.13

0.58

4.75

0.54

0.46

EL25023

0.8

247.0

246.2

0.75

0.24

3.70

40.30

1.02

0.88

including

7.0

147.0

140.0

0.88

0.35

4.37

52.20

1.26

1.08

NOV25001

No Significant Results

NOV25002

No Significant Results

NOV25003

249.0

306.0

57.0

0.10

0.07

0.37

26.40

0.18

0.15

including

249.0

263.0

14.0

0.23

0.08

0.45

21.31

0.32

0.27

Table 1. Summary results from 2025 drill holes to date

Notes: For copper and gold equivalent calculations the following metal process were used: US$3.75/lb. Copper, US$3,000/oz Gold, US$35/oz Silver, US$30/lb Molybdenum, and

metallurgical recoveries have been updated to Cu 90%, Au 85%, Ag 75%, Mo 80%. All intervals are presented as core lengths as the true thicknesses of mineralization is

currently unknown.

Figure 9: Arras Minerals Elemes Project and project portfolio located in Pavlodar, Northeastern

Kazakhstan. (CNW Group/Arras Minerals Corp.)

Elemes Phase II Drill Program:

Since June of last year, Arras Minerals has been advancing its

20,000m

Phase II diamond drill program at the Elemes Project. Drilling was paused in late

December for a scheduled winter break and is expected to recommence in February. Nearly

10,000m

were completed in 2025, and the strength of the results has prompted Arras to plan an

expansion of the program to

30,000m

, with completion targeted by the end of 2026.

Elemes Project Overview:

The Elemes Project comprises two exploration licenses covering 531

square kilometres in northeast

Kazakhstan

, located approximately 13 km southwest of Ekibastuz

and just 20 km from Arras's operational base. The project benefits from exceptional infrastructure,

with a paved highway crossing the licence, and access to 1100 KVA power lines, heavy rail, and

other utilities within a 15 km radius.

Situated within the prolific Bozshakol-Chingiz metallogenic belt, Elemes lies near significant regional

deposits, including the Beskauga porphyry copper-gold-silver deposit (~80 km east) and KAZ

Minerals' Bozshakol copper-gold mine (~60 km northwest), which reported mined grades in Q1 2025

of 0.37% Copper and 0.20 g/t gold.

1

Geologically, the property is underlain by interbedded intermediate volcanic and sedimentary rocks

intruded by multiple phases of diorite and monzodiorite porphyry. Copper-gold mineralization occurs

in sheeted and stockwork quartz-chalcopyrite veins associated with these intrusions. In addition,

high-grade low-sulphidation epithermal veins have been mapped on the property, representing a

secondary exploration target.

Property-wide soil sampling programs defined two extensive Cu-Mo-As geochemical anomalies: the

Berezski and Aimandai Trends, both considered priority targets for follow-up exploration drilling. A

Phase 1 drill program on the Berezski Trend in late 2024 returned high-grade porphyry/epithermal

copper and gold mineralization in results announced in Q1 2025. A

20,000m

Phase 2 drill program

commenced in

May 2025

which was expanded to 30,000 metres in

January 2026

and expected to

be completed by the end of 2026.

References

1

Bozshakol Q1, 2025 Report

https://www.kazminerals.com/media/23282/q1-2025-production-report_final.pdf

Quality Assurance and Quality Control

The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted

on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the

Qualified Person.

Arras Minerals QA/QC protocols are maintained through the insertion of certified reference material

(standards), blanks and field duplicates within the sample stream. Drill core is cut at Arras Minerals

operations base in Ekibastuz,

Kazakhstan

by Company personnel. Diamond drill core was sawed in-

half with a diamond saw, and then sampled in maximum 2-meter intervals, stopping at geological

boundaries, with one-half placed in sealed bags and shipped to the laboratory and the other half

retained on site.

Each bagged core sample was shipped to ALS Laboratory in Karaganda,

Kazakhstan

. Samples

were dried, crushed and pulverized to >80% passing -200 mesh. The prepared sample splits were

sent to the ALS Chemex's geochemical analysis laboratories laboratory in Loughrea,

County

Galway, Ireland

and

Lima, Peru

for multi-element analysis. Multielement analyses were analyzed

with ICP-MS following a four-acid digestion (method ME-MS61) and samples containing >1.0%

copper are analyzed via method Cu-OG62.

Gold analysis was conducted by ALS Chemex at the analytical laboratory in Karaganda,

Kazakhstan

. Gold was analyzed by fire assay (30 g) with an AA (atomic absorption) finish (method

Au-AA23) with detection limits of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold are

analyzed by fire assay with a gravimetric finish (method Au-GRA21).

ALS is an accredited laboratory which is independent of the Company. Chain of custody is

maintained from the drill to the submittal into the laboratory preparation facility.

Qualified Person

The scientific and technical disclosure for this news release has been prepared under supervision of

and approved by

Matthew Booth

, Vice President of Exploration, of Arras Minerals Corp., a Qualified

Person for the purposes of NI 43-101. Mr. Booth has reviewed and approved this release. Mr.

Booth has over 20 years of mineral exploration experience and is a Qualified Person member of the

American Institute of Professional Geologists (CPG 12044).

Gold, copper and other mineral equivalents are calculated on the basis specifically set forth in

respect thereto in this presentation and are based upon the reasonable assumptions as to the prices

of various metals and their recoveries thereof made by management of the Company on a project-

by-project basis as converted metal. All drill-hole intervals are reported as drill widths, as true

thicknesses are unknown. Assumed metal prices are:

US$3.75

/lb. Copper,

US$3,000

/oz Gold,

US$35

/oz Silver, &

US$30

/lb Molybdenum.

The Company has updated metal recoveries: 90% for copper, 85% for gold, 75% for silver, and

80% for molybdenum. These figures are based on a review of published data from advanced-stage

porphyry projects (including Vizcachitas, Los Andes Copper; Copper Creek, Faraday Coper;

Valeriano, ATEX Copper; Los Helados, NGEx Resources Inc.; Opemiska, XXIX Metal Corp; Costa

Fuego, Hot Chili Limited; Moonlight-Superior, US Copper Corp; Warintza, Solaris Resources, Inc.;

Chita Valley

, Minsud Resources Corp.; Hat, Doubleview Gold Corp.)

Copper Equivalent ("CuEq") grades reported for the drill holes at Elemes were calculated using the

following formula: CuEq % = ((Copper (%))*0.9) + ((Gold (g/t) x 0.8571)*0.85) + ((Silver (g/t) x

0.0117)*0.75) + ((Molybdenum (ppm) x 6.8568)*0.80).

Gold Equivalent ("AuEq") grades reported for the drill holes at Elemes were calculated using the

following formula: AuEq g/t = ((Gold (g/t)*0.85) + ((Copper (%) x 1.1667)*0.9) + ((Silver (g/t) x

0.0136)*0.75) + ((Molybdenum (ppm) x 8.0)*0.80).

On behalf of the Board of Directors,