North Arrow Drills 12 m Grading 1.71 g/t Au Within 27 m Grading 1.11 g/t Au at Target AE and 9m Grading 4.04 g/t Au at Target AF, Kraaipan Gold Project, Botswana

North Arrow Minerals Inc. (NAR) has reported Rotation 2 reverse circulation assay results from Targets AE and AF at its Kraaipan Gold Project in Botswana. At Target AE, eight angled holes drilled over a 260-meter strike length returned gold in all intervals. The highlight from this target is KR26-040, which returned 27 meters at 1.11 g/t Au from 27 to 54 meters, including 12 meters at 1.71 g/t and 2 meters at 7.59 g/t. Other intercepts at AE include 19 meters at 0.97 g/t, 26 meters at 0.59 g/t, 27 meters at 0.57 g/t, 35 meters at 0.57 g/t, and 13 meters at 0.78 g/t. Additionally, a new undrilled hanging-wall zone at AE was identified, featuring surface grab samples up to 6.7 g/t Au.

At Target AF, 14 holes were drilled over a 450-meter strike length, with 13 of the 14 holes hitting anomalous gold. The highlight from this target is KR26-021, which returned 9 meters at 4.04 g/t Au from 11 to 20 meters, including 3 meters at 7.21 g/t and 1 meter at 10.3 g/t. Other intercepts at AF include 9 meters at 2.46 g/t, 5 meters at 1.72 g/t, and several lower-grade intervals. Both zones remain open along strike and at depth and are analogous to Harmony’s Kalgold BIF-hosted mine, located 40 kilometers to the south. Rotation 3 regional drilling is currently underway, and Rotation 4 follow-up is being planned.

North Arrow Minerals Inc. (NAR) is a grassroots explorer with no established resource, operating in a bulk-tonnage BIF-gold analogue. The company recently completed confirmatory step-out drilling at Targets AE and AF, improving on prior reconnaissance grades.

• Target AE: 13 m @ 0.40 g/t → now 27 m @ 1.11 g/t
• Target AF: 10 m @ 0.43 g/t → now 9 m @ 4.04 g/t

These results add modest confidence that AE and AF host mineable-type widths and grades, though the data is not large enough and remains too early-stage to materially de-risk the project.

The market had already reacted to the Rotation 1 results released on June 8 with a sharp sell-off from approximately $0.30 to $0.17. Today’s results show better grades at AE and AF than the market may have feared following the initial downbeat Rotation 1 news, which could help stabilize the stock. However, the results lack the world-class gram-metre or discovery punch required to re-rate the equity. There was no resource update or new discovery of sufficient scale, and the hanging-wall grab sample is too early to move the needle.

North Arrow Minerals Inc. (NAR) is a junior explorer listed on the TSX-V with an option to earn up to 80% in the 724 km² Kraaipan Gold Project in Botswana. The project is located along the same greenstone belt as Harmony’s Kalgold mine. The company completed a $4M non-brokered private placement in early 2026, with warrants exercisable at $0.36.

The 2026 exploration budget is US$2.3M, covering four drilling rotations. Management has significant African experience; CEO Eira Thomas has 11+ years in Botswana. No mineral resource has been defined. As of the latest balance sheet (Oct 31, 2025), cash was $0.64M, but the subsequent placement should have provided ~$4M; the burn rate is high, with exploration spending of US$2.3M in 2026.