Arras Minerals intersects 568.9 m at 0.33% CuEq at Berezski North

Canada NewsWire

VANCOUVER, BC , Aug. 18, 2026 /CNW/ -- Arras Minerals Corp. (TSX-V: ARK) (OTCQB: ARRKF) ("Arras" or "Arras Minerals" or "the Company") is pleased to report additional drill results from the Berezski North target at the Elemes Project in Kazakhstan. Drilling continues to return broad intervals of porphyry-style copper-gold mineralization, highlighted by 568.9m grading 0.33% copper equivalent ("CuEq") in EL26036 and 399.7m grading 0.26% CuEq in EL26034, while also expanding the footprint of near-surface tourmaline-breccia and structurally controlled mineralization. The Company also welcomes a new strategic shareholder that now holds approximately 8.3% of the Company's issued and outstanding shares.

Ongoing geological and mineralogical modelling is also providing vectors towards the interpreted higher-temperature core of the Berezski North porphyry system. Sulphide zonation identifies bornite-rich mineralization at depth in EL26034 and EL26036. When integrated with systematic short-wave infrared ("SWIR") alteration data, these results support the interpretation that the two holes may have tested the margins of the principal porphyry system, with the potential core located farther to the southwest.

Key Highlights:

EL26036 returned a broad 568.9m interval grading 0.33% CuEq (0.20 g/t Au and 0.11% Cu) from 78.0m, including 168.0m grading 0.51% CuEq (0.33 g/t Au and 0.12% Cu) from 82.0m.

EL26034 returned a broad 399.7m interval grading 0.26% CuEq (0.22 g/t Au and 0.04% Cu) from 390.3m, including 95.9m grading 0.47% CuEq (0.41 g/t Au and 0.06% Cu) from 654.0m.

Exploration momentum remains strong, with 35 drill holes totaling approximately 24,000m completed at Elemes in 2026. Four diamond drill rigs are operating, including two rigs dedicated to Berezski North.

A new strategic mining company has acquired 11,862,969 Arras Minerals Corp. shares from Teck Resources Inc., representing approximately 8.3% of the Company's issued and outstanding shares. Teck retains no residual share ownership. Arras assisted with placing the equity position, and the new shareholder has been granted certain rights to maintain its pro rata ownership in future equity financings.

Tim Barry, CEO of Arras Minerals, commented, "The scale of these intercepts is the key takeaway from this round of drilling. EL26036 returned nearly 570 metres of copper-gold mineralization at 0.33% CuEq from 78 metres depth, including 168 metres at 0.51% CuEq. These are substantial mineralized drill intervals and reinforce our view that Berezski North hosts a large porphyry system."

He added, "Equally important is what the mineralogy and alteration are telling us about where these holes sit within the system. Bornite-bearing to locally bornite-dominant mineralization at depth, together with systematic SWIR alteration zonation, supports our interpretation that EL26034 and EL26036 may have tested the margins of the main porphyry rather than its core. This interpretation is consistent with the broad mineralization previously intersected in EL26032, which returned 935.9m grading 0.51 g/t Au and 0.19% Cu (0.71% CuEq), and points us farther to the southwest. Two rigs are now dedicated to Berezski North, testing this vector while continuing to expand the mineralized footprint."