NORTH ARROW DISCOVERS 1.56 g/t GOLD OVER 30 METRES AT KRAAIPAN Including 4.26 g/t over 4m
Suite 1056 – 409 Granville Street, Vancouver, BC, Canada V6C 1T2 | Tel: 604 668 8355
PRESS RELEASE
NORTH ARROW DISCOVERS 1.56 g/t GOLD OVER 30 METRES AT KRAAIPAN
Including 4.26 g/t over 4m
November 4, 2025 Trading Symbol - TSXV: NAR #25-08
VANCOUVER BC, CANADA, 11/04/2025 – North Arrow Minerals Inc. (TSXV: NAR) ("North Arrow" or
the "Company") is pleased to announce the discovery of anomalous gold from Target A at its Kraaipan
Gold Project in Botswana, with the program's
highest-grade reverse-circulation (RC) drill
intercept of 1.56 g/t Au over 30 m including
7.32 g/t Au over 3 m from surface and 4.26
g/t Au over 4 m from 10 m. This discovery
caps the successful completion of a US$1
million regional reconnaissance program that
has identified six priority gold targets across
45 km of the underexplored Kraaipan
Greenstone Belt ("KGB").
Target A - Highlights of Assay Results:
*True widths estimated at 50-75% of drilled interval
• 1.56 g/t Au over 30 m
from surface* including
7.32 g/t Au over 3 m from surface
(interval of fractured bedrock that may
have experienced some movement), and
4.26 g/t over 4 m from 10 m*
From RC hole KR25-157
• 1.05 g/t Au over 9 m from 14 m* including
2.59 g/t over 3 m from 20 m*
From RC hole KR25-156
• 100% Success Rate: all six holes drilled at
Target A returned anomalous gold
(Figure 2)
TARGET A
Figure 1: Kraaipan Gold Project area explored in 2025;
stars represent targets tested; yellow stars represent
priority gold targets requiring follow up drilling
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"Target A's intercept of 1.56 g/t Au over 30 m represents a breakthrough intersection for Kraaipan,"
stated Eira Thomas, President and CEO of North Arrow. "These grades are comparable to those
observed at the nearby Kalgold mine, which is a multi-million-ounce gold resource that has been in
continuous production for over 25 years. This validates our exploration approach and demonstrates
the significant gold potential of this underexplored belt."
Complete Program Achievement: Rapid Value Creation
The completion of this US$1 million program marks a high standard for exploration efficiency.
Through innovative technology and strategic execution, North Arrow and partner Rockman Resources
have accomplished what typically would have required in excess of US$5million in conventional
exploration spending, and, in a fraction of the time.
"What we've achieved here is transformational," continued Thomas. "By leveraging in-country skills
and proprietary technology—including our Remote Mapper UAV system and optimized RC drilling
platform achieving 3-5 holes per day—we've systematically tested a wide range of targets spanning
the full extent of this greenstone belt for a fraction of the typical cost. This efficiency means more
capital for follow-up drilling and a faster path to resource definition."
Six Priority Targets: Multiple Discovery Opportunities
The program included 175 RC drill holes testing 16 distinct target areas resulting in the delineation of
six distinct gold-anomalous areas, with five occurring in areas with less than 10 m of overburden—a
critical economic advantage:
Target Best Intercept* Grade Highlights Hole
Orientation
Over-
burden Geology
A
(new)
Hole KR 25-157
30 m @ 1.56 g/t Au from
surface
7.32 g/t Au over 3 m from
surface (fractured bedrock –
believed to be near in-situ**),
and
4.3 g/t Au over 4m from 10 m
Azimuth
280⁰
Dip
60⁰
~5 m Ironstone; phyllite
AE Hole KR25-051
13 m @ 0.40 g/t Au
including 4 m
@ 0.90 g/t Au*** Vertical ~4 m Quartz-hematite
ironstone
AF Hole KR25-060
10 m @ 0.43 g/t Au
including 3 m
@ 0.71 g/t Au Vertical ~9 m BIF
Y
Hole KR 25-038
56 to 91 ppb Au over 6m
interval from top of
bedrock
Elevated
bedrock gold Vertical ~8 m BIF
C Hole KR 25-107
BOK: 0.24 g/t Au Base of Kalahari anomaly Vertical ~50 m
In calcrete above
weathered felsic
gneiss
K KR 25-001
BOK: 0.28 g/t Au Base of Kalahari anomaly Vertical <1 m
BIF scree proximal to
outcropping
mineralised trend
* From surface; Target A true width estimated at 50-75% of drilled interval; Targets AE and AF drilled with vertical
holes - true width uncertain.
** Further work is required to confirm this interpretation
*** Hole ended in mineralization
Note: results from Targets AE, AF, Y, C and K were first disclosed in a press release dated September 25, 2025
Drill Hole Results Table - drill hole location, target, hole depth, sample type, and significant Au and Ag results
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"The identification of six distinct gold-anomalous areas from 16 tested targets validates our
exploration approach and dramatically de-risks this exploration play," noted Thomas. "The targets
have varying geological characteristics—from BIF-hosted to structurally controlled alteration zones in
quartz-rich ironstone and phyllite host rocks. The shallow overburden at five of these targets is
particularly encouraging as it significantly reduces potential future mining costs. The mineralised
material intersected at Target A occurs within a zone of anomalous Au values—as defined by
historical drilling and surface rock sampling as well as Rockman outcrop sampling—extending
approximately 700 m in a NE-SW direction and with a width ranging from 100 to 250 m. "
Figure 2: Target A location, drillhole locations and orientation, intercepts and host rocks
Figure 3: Target AF and Target AE from Rotation 1 - location, drillhole locations and orientation, intercepts and host rocks
Figure 2: Target A location, drillhole locations and orientation, intercepts and host rocks
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In-Country Experience and Proprietary Exploration Technology Advantage
North Arrow's partner, Rockman Resources, through its operator Mineral Services, leverages over 25
years of operational experience in Botswana plus cutting-edge proprietary technologies including:
• High-resolution UAV magnetic surveys (>20,000 line-km completed)
• Mobile RC drilling platform optimized for variable Kalahari conditions
• In-house sample preparation for verified QA/QC protocols and faster turnaround
• Deep machine learning with potential for target generation with further accumulation of
geophysical datasets
This combination of experience and bespoke technology combined with the property’s extensive road
network allowed for rapid, systematic exploration of more than 45 km of KGB strike length and
resulted in the program's exceptional cost-per-discovery ratio.
Regional Context: Proven Gold Endowment
The Kraaipan Project covers the northern extension of the same Archean greenstone belt hosting
Harmony Gold's Kalgold Mine. Located 40 km to the south of the Project, the multi-million-ounce, BIF-
hosted gold mine has been operating for over 25 years, and as of June 2024 has:
• P&P Reserves: 0.645 Moz @ 1.07 g/t Au
• M&I Resources: 1.60 Moz @ 1.19 g/t Au
• 2024 Production: 45,815 oz at a grade of 0.96 g/t
• Average annual production over 25 years: 52,597 oz
• Cut-off Grade : 0.58 g/t
From Harmony Gold’s Mineral Resources and Mineral Reserves, June 2024, pages 74-76. Kalgold production numbers
provided for information purposes only and do not suggest similar gold mineralization will be found within the
Company's Kraaipan Project. Provided for context only.
Immediate Actions (Q4 2025 - Q1 2026):
• Initial ground follow-up of priority targets, currently underway
• Update of magnetic geological map integrating results from 2025 drilling
• Hyperspectral analysis for alteration and lithology mapping
• Pathfinder geochemistry to enhance targeting
• 3D geological interpretation and modeling integrating all datasets
• Initiate angled RC drilling to better test mineralised structures at Target A, AF, AE and K
• Preparation for possible follow up core drilling
Continued Exploration (2026):
• Continuation of angled RC drilling to better test vertical structures at Target A, AF, AE and K
• Step-out RC drilling on best 2-3 targets to define lateral continuity of mineralization and
resource potential, including drilling along trend at Target A to tie in with historical gold
occurrences (Figure 2)
• Core drilling to better define the geology and nature of the gold mineralisation on targets with
positive results from follow-up RC drilling
• High-resolution drone imaging surveys over priority areas
• High-resolution magnetic surveys over portions of the Kraaipan project not covered to date
• Definition and RC drill testing of additional targets in areas with Kalahari cover.
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About the Kraaipan Gold Project
The Kraaipan Project comprises approximately 724 km² covering the entire ~60 km northern
extension of the highly prospective Kraaipan Greenstone Belt. Over 80% of the belt is covered by
Kalahari sands, presenting a significant underexplored opportunity.
Earn-in Structure:
North Arrow can earn up to 80% interest through:
• First Option (60%): US$5 million over 3 years
(US$1 million firm commitment ACHIEVED)
• PEA Option (+20%): Completion of Preliminary Economic Assessment
Sampling, Laboratory Analyses and Quality Assurance/Quality Control (QA/QC)
RC samples collected in the field were driven to the Mineral Services’ facility in Gaborone to be sorted
and prioritized into Base of Kalarhari (“BOK”) and Bed Rock (“BR”) samples for assay. Samples were
allocated unique samples numbers, sealed and shipped to ALS’s laboratory in Johannesburg, South
Africa using industry standard chain of custody protocols. Following an initial coarse crush (CRU-21),
the entire sample is then pulverized (PUL-21) to better than 85% passing a 75-micron screen prior to
geochemical analysis. All samples are analyzed for gold by fire assay with an ICP-AES finish, method
code Au-ICP22 (50-gram sample). Samples returning gold values over 10 ppm are subjected to ore
grade check assays using fire assay and a gravimetric finish using method code Au-GRA22 (50-gram
sample). Samples are also subjected to lithium borate fusion and acid digestion for whole-rock
analysis of major and trace elements by ICP-AES (major elements) and ICP-MS (trace elements);
method codes ME-ICP06 and ME-MS81, respectively. In addition, a suite of base metals and other
trace elements not included in the ME-MS81 method are analysed by ICP-AES on four-acid digestions
(method code ME-4ACD81).
QA/QC protocols include ALS laboratory’s own internal quality assurance controls as well as
Rockman’s field controls, including the insertion of duplicates and blanks, each at a rate of roughly
one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken
if results for duplicates and blanks fall outside allowed tolerances.
About North Arrow Minerals Inc.
North Arrow is a Vancouver-based exploration company focused on evaluating the Kraaipan Gold
Project. Management and advisors bring significant global exploration and mining experience
including key roles in the discovery of the Ekati and Diavik diamond mines.
The Company'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 NI 43-101. Mr. Armstrong
reviewed and approved the technical and scientific information in this news release.
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For Further Information
North Arrow Minerals Inc.
Eira Thomas, President and CEO
or Nick Thomas, Manager of Investor and Community Relations
Tel: 778-229-7194
Email: [email protected]
Web: www.northarrowminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements
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 by such forward-looking statements. These risks and uncertainties include, but are
not restricted to, the amount of geological data available, the uncertain reliability of drilling results and
geophysical and geological data and the interpretation thereof, and the need for adequate financing for
future exploration and development efforts. There can be no assurance that such statements will prove
to be accurate. Actual results and future events could differ materially from those anticipated in such
statements. The Company assumes no obligation to update forward-looking statements except as
required by law.
Trading Symbol: TSXV-NAR
Shares Outstanding: 28,580,224
Fully Diluted: 39,618,101