Casa Disposal Update

1 July 2022

Arc Minerals Ltd

('Arc Minerals' or the 'Company')

Casa Disposal Update

Further to the announcement of 29 April 2022, the Company is pleased to announce that it received on 30 June 2022 the first cash payment of US$125k towards the US$1.5m receivable from the disposal of its Casa interests. The next US$125k is due within the next 30 days and the issuance of $1.25m in listed stock remains due by 28 July 2022. The initial cash payments were delayed due to constraints imposed by relevant Canadian exchange regulations.

**ENDS**

For more information visit  www.arcminerals.com .

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