Commencement Of Induced Polarization On Elemes Project

VANCOUVER - Arras Minerals Corp. has commenced an Induced Polarization (IP) survey on its 531 square kilometer Elemes project in northeastern Kazakhstan, to help further define the most prospective drill targets. 125km long Pole-Dipole Induced Polarization survey covering the entire Berezski 8.8km x 1.5km NE-SW trending long copper (Cu) soil anomaly (+150ppm Cu). Initial focus of the survey will be the 2.8km x 1.6km coherent Molybdenum (Mo) bulls-eye anomaly (> 5ppm Mo) interpreted to be the core of untested porphyry copper-gold system. The survey will also extend over the 3km x 2.2km Novi arsenic (As) anomaly (>25ppm As) thought to be associated with a large high-sulphidation epithermal above a preserved porphyry deposit.

The commencement of the IP survey works follows the recent closing of an upsized financing in which the Company successfully raised C$5.2 million to support ongoing exploration activities on the Company's copper-gold projects in Kazakhstan. The IP survey will cover the extensive Berezski copper anomaly, associated with highly altered diorites, that displays remarkably similar geological and structural characteristics to the Bozshakol copper-gold mine located approximately 60 km northwest.

Tim Barry, CEO, said, "With the recent completion of the C$5.2 million equity financing, we are well-positioned to advance our exploration programs on our key copper-gold projects across a number of targets areas. The start of the IP survey at the Berezski target on the Elemes project will assist with further defining high-priority targets ahead of drill testing in the following months this summer and fall."