ArcWest Provides Exploration Update

The most recent news release, dated November 6, 2025, provides an exploration update on ArcWest's 2025 copper-gold programs across seven projects in British Columbia. Key points include: * The company's cash on hand has increased to CAD 3,280,000. * The Todd Creek project, funded by Freeport-McMoRan Mineral Properties Canada, has seen 4,614 meters of drilling completed in 9 holes, with a budget of CAD 4,200,000. * Other projects such as Oweegee Dome, Sparrowhawk, Eagle, Lemare, Teeta Creek, and Rip are listed as ongoing exploration programs. The Rip project is under an earn-in agreement with Copper Quest Exploration. * The news acknowledges its forward-looking nature and includes standard disclaimers regarding unverified historical data and comparability to other deposits. * Notably, no assay results from the extensive Todd Creek drill program are provided in this update.

This news release is an operational update, confirming ongoing exploration activities and a healthy cash position. The increase in cash on hand to CAD 3.28 million is a positive development, indicating continued funding from partners or effective management of working capital.

However, the most significant aspect is the update on the Todd Creek project. The June 26, 2025 news release announced the commencement of drilling at Todd Creek, targeting deeper porphyry Cu-Au systems with at least six drill holes of 500m or deeper. The current news confirms that 4,614 meters have been drilled in 9 holes, indicating substantial progress on this key project. The absence of any assay results from this significant drilling program, especially after several months of activity, is a critical omission. If the results were materially positive, it would be expected that they would be highlighted immediately. The lack of results suggests either that they are still pending, or that they are not compelling enough to warrant a separate, highly positive announcement. This uncertainty casts a neutral to slightly cautious light on the exploration progress, despite the operational completion of drilling.

The Oweegee Dome project, which saw drilling results released on June 25, 2025, showed mixed success with some extensions of mineralization at the Delta Zone but no significant intercepts at the deep Junction target. The current news merely lists it as an exploration project, implying no new material developments have occurred since.

The Rip project's earn-in agreement with Copper Quest (announced April 16, 2025) confirmed a Cu-Mo porphyry system, but the initial assays were modest. The current news provides no further specific updates on this project's progress or additional drilling results, only that the earn-in agreement is funding exploration.

Overall, while the company is active and financially stable with a growing cash balance, the lack of results from the flagship Todd Creek drilling program prevents this from being a materially positive release. It's an update on operational progress, but without the key data, its impact on the company's valuation remains neutral.

ArcWest Exploration Inc. (AWX) is a Canadian mineral exploration company focused on copper-gold and copper-molybdenum porphyry systems in British Columbia. The company primarily utilizes an "accelerator" business model, identifying and acquiring promising early-stage exploration projects and then attracting funding partners (major and mid-tier mining companies) to advance these projects through earn-in agreements. This strategy aims to minimize dilution for ArcWest shareholders while retaining significant interests (including royalties) in advanced projects.

Flagship Project: The Todd Creek Copper-Gold Project in British Columbia's Golden Triangle is currently considered the flagship project. It is subject to an earn-in agreement with Freeport-McMoRan Mineral Properties Canada Inc., a major global copper producer. Under this agreement (effective March 2023), Freeport can earn a 51% interest by spending $20 million (USD) over five years and making staged cash payments. The project is strategically located near several large gold-copper deposits and is being explored for deeper porphyry Cu-Au systems.

Other significant projects include: * Oweegee Dome: Also in BC's Golden Triangle, operated by Sanatana Resources under an earn-in agreement. * Rip: A copper-molybdenum project in central BC, funded by Copper Quest Exploration under an earn-in agreement. * Lemare: A recently optioned copper-gold project on Northern Vancouver Island, where ArcWest can acquire a 100% interest. * Teeta Creek, Sparrowhawk, Eagle: Other exploration-stage copper-gold projects.