Zambia Drilling Commenced

7 August 2024

Arc Minerals Ltd

('Arc' or the 'Company')

Zambia Drilling Commenced

Arc Minerals (LSE: ARCM) is pleased to announce that, further to its announcement of 2 May 2024 and following the completion of an extensive ground mapping exercise over its Zambian tenements, the Anglo American/Arc joint venture has commenced drilling. A number of holes are planned at Cheyeza following which the Muswema target will be drilled.

Further details on the drilling programme will be announced as the drilling progresses.

Nick von Schirnding, Executive Chairman of Arc Minerals, commented:

"I am delighted to report the start of a major drilling campaign in Zambia following extensive geological work over our tenements. Together with an exciting drilling programme in Botswana I look forward to an active period of news flow over the next few months."

For further information contact:

For more information, visit www.arcminerals.com.

Forward-looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.