Arras Minerals Corp. announced assay results from holes Bg22014, Bg22015, & Bg22017 from the ongoing drill program at the Beskauga copper-gold deposit and surrounding area. Highlights Include: Bg22015: 778.2m of mineralization grading 0.40% copper-equivalent (CuEq) (0.31 g/t gold (Au), 0.13 % copper (Cu), 0.94 g/t silver (Ag) starting at 40.8m.

Including: 95.2 m grading 0.61 % CuEq (0.47 g/t Au, 0.20% Cu, 1.27 g/t Ag) starting at 268.0m depth down-hole. Including: 322.4 m grading 0.51 % CuEq (0.40 g/t Au, 0.,16% Cu, 1.15 g/t Ag) from 446.0 m depth down-hole. Bg22014: 335.6m of mineralization grading0.24 grams per ton (g/t) gold-equivalent (AuEq) (0.16 g/t Au,0.05 % Cu, 0.39 g/t Ag, starting at 44.0 m to the end of the drill hole.

Including: 7.0 m grading 1.57g/t AuEq (1.47 g/t Au), 0.06% Cu, 1.75 g/t Ag) starting in 44.0m depth down- hole Bg22017: 499.8m of mineralization grading 0.,22g/t AuEq (0.15 g/t Au, 0.05% Cu, 0.45 g/t Ag) starting At 32.5m to the end of the drill holes. Including: 12.0 m grading 1.65g/t AuEq. AuEq (1.27 g/t Au, 0.'21% Cu, 3.28 g/t Ag and 204.63 ppm Mo) starting at376.0m depth down- holes Bg22017.

Consistent mineralization was seen for the entire length of hole Bg22015 (1,109.8m) and further defines a high-grade core to the Beskauga deposit within a lower grade halo. Holes Bg22014 & Bg22017 were drilled 3.2km to the south of the main Beskauga deposit and show widespread low-grade gold and copper mineralization and suggest another mineralizing system close-by. Very high molybdenum results were intercepted towards the bottom of hole Bg22017.

Results of Bg22014, Bg22015 and Bg22017: Bg22014: was drilled just north of the Beskauga South target, located approximately 3.2 kilometers south of the Beskauga Main deposit. The aim of the drill hole was to test the major NE-SW trending structure that links Beskauga South to Beskauga Main and to test for the first time a large IP anomaly along this part of the structure that coincides with strong Au-Cu-Bi anomalies identified in KGK drilling. The drill hole intersected andesite basalts and tuffs cut by multiple intrusions of porphyritic quartz monzonite.

The andesite basalts are weakly propylitic altered (chlorite, smectite, magnetite, and epidote), while the porphyritic quartz monzonite shows weak potassic alteration (K-feldspar, magnetite, epidote, and rarely biotite). The best mineralized intercepts are hosted in the porphyritic quartz monzonite intrusions and are related to weak quartz-pyrite veining with occasional zones of chalcopyrite magnetite. The same style of veining can be seen sporadically in andesite basalts but with much weaker intensity.

Bg22015: was collared 90.0 m to the NW from Arras drill hole Bg21006 (689.2m @ 0.76 % CuEq, including 120.9m @ 2.35% CuEq), and drilled at angle of 85 degrees toward the northeast with final depth of 1,109.8m. The purpose of the hole was to test a deep Audio-magentotelluric “AMT” anomaly which started at a depth from 725m It also aimed to further test mineralization intersected at 595m in depth by drill hole Bg21002 (431m @ 0.68% CuEq). The drill hole started in moderately, to very strong, argillic altered diorite.

The argillic alteration consists of intense illite-smectite with local kaolinite, before transitioning to very weak illite-smectite alteration. Preserved remnants of sodic (albite-hematite) alteration starting appeared below depth of 675.0m. Diorite is cut by three post mineral argillic altered dykes of porphyritic diorite with average thickness of 35.0m at depths of 363.0m, 420.0m and 620.0m and lastly with 22.0m thick barren basalt dyke at 768.4m depth.

Mineralization occurs as quartz-tennantite-chalcopyrite-pyrite stockwork, and sheeted veining followed by tennantite stringers and weak dissemination of copper sulphides close around the veins. The presence of bornite is scarce while molybdenite is found in quartz veins beyond depth of 841.0 m. Bg22017: was collared in fence 450m to the east from hole Bg22014, to test a magnetic anomaly supported by anomalous gold up to 6 g/t in historical KGK drill holes. After 32.5m of overburden the drill hole intersected a small interval of porphyritic quartz monzonite before continuing through andesite basalts and their associated tuffs.

From 109.0m the quartz monzonite continued to the end of drill hole, interspersed with several small intervals of andesite basalt between depths of 301.0m and 331.0m. Andesite basalts are weakly propylitic (chlorite, smectite, magnetite) altered while quartz monzonite is altered by weak potassic (K-feldspar, magnetite and rare biotite) alteration. Mineralization is related with quartz-pyrite veining that has weak presence of chalcopyrite and rarely magnetite.

About the Beskauga Deposit: The Beskauga deposit is a gold-copper-silver deposit with an “Indicated” Mineral Resource of 111.2 million tonnes grading 0.49 g/t gold, 0.30% copper, and 1.3 g/t silver for 1.75 million ounces of contained gold, 333.6 thousand tonnes of contained copper, and 4.79 million ounces of contained silver and an “Inferred” Mineral Resource of 92.6 million tonnes grading 0.50 g/t gold, 0.24% copper and 1.1 g/t silver for 1.49 million ounces of contained gold, 222.2 thousand tonnes of contained copper, and 3.39 million ounces of contained silver. The constraining open pit was optimized and calculated using a Gross Metal Value (GMV) cut-off of $20/tonne based on a price of $1,750/oz for gold, $3.50/lb for copper, $22/oz for silver, and with an average recovery of 85% for copper and 74.5% for gold and 50.0% for silver.