New Gold Zone At Main Deposit On Beskauga License

VANCOUVER - Arras Minerals Corp. reported on holes Bg21011 and Bg21013, which were drilled 3.2 kilometers south of the main deposit on the Beskauga South prospect. These drill results are from the ongoing exploration drill program at the Beskauga copper-gold deposit and surrounding area. Hole Bg22013 returned intersection of 877.4 meters (“m”) of mineralization grading 0.27 gram per ton (“g/t”) gold-equivalent (“AuEq”) (0.24 g/t Au, & 0.24 g/t Ag) starting at 21.3 m to the end of the drill hole, including: 6.3 m grading 1.29g/t AuEq (1.18 g/t Au & 0.41 g/t Ag) from 794.7 m depth down-hole; 17.0 m grading 2.53g/t AuEq (2.49 g/t Au & 0.41 g/t Ag) from 604.0 m depth down-hole; 23.0 m grading 1.68g/t AuEq (1.56 g/t Au & 0.70 g/t Ag) from 554.0 m depth down-hole; 82.7 m grading 0.53g/t AuEq (0.51 g/t Au & 0.21 g/t Ag) from 21.3 m depth down-hole. Hole Bg22011 returned intersection of 423.4 meters (“m”) of mineralization grading 0.24 gram per ton (“g/t”) gold-equivalent (“AuEq”) (0.22 g/t Au & 0.19 g/t Ag) starting at 26.7 m to the end of the drill hole, including 129.0 m grading 0.57g/t AuEq (0.55 g/t Au, 0.37 g/t Ag) from 96.0 m depth down-hole.

Tim Barry, CEO, said, “Holes Bg22011 and Bg22013 were designed to test historical gold and copper anomalies within a NW-SE corridor on the margin of the magnetic high and demagnetized zone 3.2 kilometers from the Beskauga Main Deposit. They were also intended to test for lateral and depth continuity of gold intercepts in historical drill holes BgS-043 and BgS-060, which yielded 86.5m @ 1.32 g/t Au and 60m @ 1.04 g/t Au, respectively. These are the first holes we have drilled into the Beskauga South prospect and they are particularly pleasing. Continuous low grade gold intercepts are punctuated by zones of higher grade including 17 meters @ 2.48g/t gold and 23 meters @ 1.68g/t gold. To drill such significant intercepts in our first drill holes in this area and to be more than 3 kilometers south of Beskauga Main Deposit speaks to the size and strength of the mineralizing system we see at Beskauga.”