NAR.V · 2025-01-29 12:00:00

Closes Sale of N Wt Lithium Properties to L I - FT Power January 23 , 202 5

Mergers & Acquisitions

Suite 960

–

789 West Pender Street, Vancouver, BC, Canada V6C 1H2

Tel:

604

668

8355

News Release

NORTH ARROW

CLOSES SALE OF

LITHIUM PROPERTIES

TO L

FT POWER

January

202

Trading Symbol: TSXV: NAR

North Arrow Minerals Inc. (TSXV

NAR) (“North Arrow” or the “Company”)

is pleased to announce it has closed

the

previously

disclosed

sale of

three lithium properties located in

Canada’s

Northwest Territories to Li

FT Power Ltd.

") (TSXV: LIFT) in exchange for 250,000 common shares of Li

FT.

Ken Armstrong, President and CEO of North Arrow, stated, “

Closing of this sale

provides North Arrow with

exposure to the continued evaluation of these NWT lithium properties as well as Li

FT's advanced Yellowknife

Lithium Project, while allowing our team to focus on exploration of the Kraaipan Gold Project in Botswana, where

detailed structural mapping and interpretation work will soon begin, complementing ongoing

geophysical surveys

and

geochemical baseline analyses

Priority

target areas identified from this work will be tested

as part of a

reverse

circulation drilling

program in Q2

2025

.”

closing the

property sale

, North Arrow

has

transfer

red

to Li

FT a 100% interest in the DeStaffany, LDG and

MacKay lithium properties, subject to existing royalty interests on the DeStaffany and LDG properties

, and has

received

250,000

common shares of Li

FT, which are subject to a statutory hold period of four months from the

date of receipt

About the Kraaipan Gold Project, Botswana

The Kraaipan Gold Project is comprised of

three

mineral concessions covering the 60 km strike extent of the

Kraaipan Greenstone Belt in Botswana. The KGB is a highly prospective Archean greenstone belt that straddles

the Botswana

South Africa border, with proven mineral endowment including Harmony Go

ld’s Kalgold gold mine

in South Africa, approximately 40 km south of the Project. Past exploration of the northern extent of the KGB has

been challenged by Kalahari Desert sand cover, impacting approximately 8

0% of the KGB within Botswana. The

sand cover, while extensive, is typically less than 20m over much of the Project but can locally reach depths of up

to 70m. Limited past exploration of the KGB in Botswana has identified local gold mineralization in shall

ow drilling

of exposed banded iron formation (BIF) targets. A

focus of new exploration

to identify BIF

related gold

mineralisation beneath the sand cover. To do this,

North Arrow

working with

Rockman Resources Limited’s

highly experienced Botswana

based exploration team, who are capable of deploying cost

effective proprietary

exploration solutions including drone geophysics, truck

mounted drilling and, potentially deep machine learning

technol

ogies to rapidly advance the Project.

As detailed in a news release dated

October 28, 2024

, North Arrow is currently working to earn a 60% interest in

the Project by investing US$5 million by June 30, 2027, including a firm commitment to invest US$1 million by

June 30, 2025.

About North Arrow Minerals

North Arrow is a

Vancouver

, BC

based exploration company focused on the evaluation of

the Kraaipan G

old

Project

in Botswana

North Arrow’s management, board of directors and advisors have significant successful

experience in the global

exploration and mining

industry. North Arrow

continues to

maintain

its diamond

interest

in the

Naujaat (NU)

Pikoo (SK),

and

Loki

(NWT)

Projects.

North Arrow’s exploration programs are conducted

under the direction of Kenneth Armstrong, P.Geo.

T/NU, ON

)

, President and CEO of North Arrow and a

Qualified Person under NI 43

101.

North Arrow Minerals Inc.

/s/ “Kenneth A. Armstrong”

Kenneth Armstrong

President and CEO

For further information, please contact:

Ken Armstrong

or Nick Thomas

Tel: 604

5252

or 778

229

7194

Website:

www.northarrowminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility

for the adequacy or accuracy of this release.

This news release contains "forward

looking statements" including but not limited to statements with respect to North Arrow’s plans, the estimation of a

mineral resource and the success of exploration activities. Forward

looking statements, while based on

management's best estimates and assumptions, are

subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied b

y such forward

looking statements,

including but not limited to: risks related to

the successful integration of acquisitions; risks related to general economic and market conditions; closing of

financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible vari

ations in mineral r

esources or

grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims

and limitations on insurance

coverage and other risks of the mining industry; changes in national and local government

regulation of mining operations, tax rules and regulations.

Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from th

ose contained in forward

looking

statements, there may be other factor

s that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will

prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

According

ly, readers should not

place undue reliance on forward

looking statements. North Arrow undertakes no obligation or responsibility to update forward

looking statements, except

as required by law.

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