North Arrow Announces Upsize of Non-Brokered Private Placement Financing 23/01/2026 Trading Symbol - TSXV: NAR #26-02
PRESS RELEASE
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NORTH ARROW ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT
FINANCING
23/01/2026 Trading Symbol - TSXV: NAR #26-02
VANCOUVER B .C., CANADA, JANUARY 23, 202 6 – North Arrow Minerals Inc. (TSX -V: NAR) (“ North
Arrow” or the “Company”) is pleased to announce that, further to its news release dated January 21,
2026, it has increased the size of its previously announced non-brokered private placement (the
"Offering") due to strong investor demand.
The Offering was previously comprised of up to 12,500,000 units (the “ Units”) at a price of $0.24 per
Unit. The Company has increased the maximum number of Units issuable at the same price of $0.24
per Unit to up to 16,666,667 Units, for aggregate gross proceeds of up to $4,000,000.
Each 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 Warrant shall entitle the
holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a price of
$0.36 per Warrant Share for a period of 24 months following the completion of the Offering.
The Offering is expected to close in February 2026, subject to the completion of formal documentation
and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. Unit
Shares and Warrants issued pursuant to the Offering will be subject to a four -month statutory hold
period in accordance with applicable Canadian securities laws.
Proceeds from the Offering will be used to advance North Arrow’s exploration activities, and for general
corporate purposes. North Arrow may pay commissions and finders’ fees in connection with the
financing, subject to the policies of the TSX Venture Exchange.
About North Arrow Minerals: Vancouver-based exploration company focused on evaluating the
Kraaipan Gold Project. Management and advisors bring significant global exploration and mining
experience. North Arrow’s exploration programs are conducted under the direction of Kenneth
Armstrong, P.Geo. (NWT/NU, ON), Chairman of North Arrow and a Qualified Person under National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
2
North Arrow Minerals Inc.
/s/ “Eira Thomas”
Eira Thomas
President and CEO
For further information, please contact:
Nick Thomas
Tel: 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.
Statements contained in this news release that are not historical facts are forward-looking information
that involves known and unknown risks and uncertainties. In certain cases, forward-looking statements
can be identified by the use of words such as “plans”, “looks forwards”, “expects” or “does not expect”,
“is expected”, “potential”, “anticipates” or “does not anticipate”, “believes”, or variations of such words
and phrases or statements that certain actions, events or results “may”, “could”, “would”, “s hould”,
“might” or “will be taken”, “occur” or “be achieved ”. This news release contains forward -looking
statements including but not limited to statements with respect to North Arrow’s plans, the terms of the
Offering, including the amount to be raised, the planned use of proceeds of the Offering, the closing of
the Offering and timing thereof . 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 by such forward-looking statements, including but
not limited to risks related to: the successful integration of acquisitions; general economic and market
conditions; the closing of financing; the timing and content of upcoming work programs; actual results
of proposed exploration activities; possible variations in mineral resources 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 cou ld cause actual results to differ materially from those
contained in forward -looking statements, there may be other factors 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. Accordingly, readers should not place undue reliance on forward-looking statements. North
Arrow undertakes no obligation or responsibility to u pdate forward -looking statements, except as
required by law.