NORTH ARROW DISCOVERS 1.56 g/t GOLD OVER 30 METRES AT KRAAIPAN Including 4.26 g/t over 4m

The November 4, 2025, news release announces a significant gold discovery at the company's Kraaipan Gold Project in Botswana. The key intercept from the recently completed 175-hole Reverse Circulation (RC) drill program is in hole KR25-157, which returned 1.56 g/t gold over 30 metres from surface. This interval includes a higher-grade section of 4.26 g/t gold over 4 metres.

CEO Eira Thomas describes the intercept as a "breakthrough" and compares the grades to Harmony Gold's nearby multi-million-ounce Kalgold mine, which has been in production for over 25 years. The release highlights the efficiency of the $1 million (U.S.) program, which systematically tested six priority targets across a 45 km strike length.

This news is highly material and represents a significant positive development for North Arrow. The discovery validates the company's exploration strategy, which has been systematically executed over the past year.

• Progression of News:

  • The company began its focus on the Kraaipan project in late 2024, divesting non-core lithium assets to concentrate its efforts and capital (January 2025).
  • A key management change in March 2025 saw Eira Thomas appointed CEO to leverage her operational experience in southern Africa.
  • The exploration program was clearly defined: UAV magnetic surveys followed by a regional RC drilling program to test targets under sand cover (May 2025).
  • Initial, partial drill results released on September 25, 2025, were modest, with the best intercept being 0.90 g/t over 4m. While encouraging, these results were not definitive.

• Comparison to Previous Results: The new intercept of 1.56 g/t over 30m is a substantial improvement in both grade and, most importantly, width compared to the September results. It transforms the project from a grassroots prospect with anomalous gold hits into one with a legitimate discovery hole of potentially economic significance.

• Economic Context: The CEO's comparison to the Kalgold mine (which has reserves grading ~1.07 g/t Au) is relevant. A 30-metre intercept from surface grading 1.56 g/t is in the same ballpark and suggests potential for a low-cost, open-pittable deposit, which is the model for this exploration play.

• Conclusion: This result is the first major payoff from the company's focused strategy. It significantly de-risks the geological thesis of the project. While it is only one drill hole, it is the kind of discovery hole that attracts market attention and makes financing for follow-up work much more feasible.

North Arrow Minerals Inc. is a Canadian-based exploration company that has recently pivoted to focus primarily on gold. Previously, it held a portfolio including diamond and lithium properties.

The company's flagship asset is the Kraaipan Gold Project in Botswana. This is a 724 sq km land package covering a 60 km strike length of the Kraaipan Greenstone Belt. The exploration thesis is that this belt, largely covered by shallow Kalahari sand, hosts Banded Iron Formation (BIF) associated gold deposits analogous to Harmony Gold's multi-million-ounce Kalgold Mine, located 40 km to the south in South Africa. The company is in a partnership with Rockman Resources, earning up to an 80% interest in the project.