Arras Minerals Corp. announced that it has commenced a 100-hole, 5,000-metre KGK drill program to explore a 6.5 km x 2.1 km buried chargeability anomaly identified by a Soviet era Induced Polarization("IP") survey on Arras's 100% owned Tay exploration License. Highlights from the KGK drilling program: A 100-hole KGK drilling program, totaling approximately 5,000 metres, is planned, targeting the large, buried 6.5 km x 2.1 km East-West trending coherent Soviet-era IP chargeability anomaly comparable to the chargeability high of the Bozshakol open pit copper-gold mine which was completed during the same era; The purpose of the KGK program is to sample the top of bed rock through the overburden to assess the geology and the cause for the chargeability high on the Tay License.

Should the KGK drilling confirm the presence of a buried hydrothermal system or porphyry style alteration, the program will be followed up with a diamond drill program expected later in the year; and The Tay Licence is located 28 km north of Kaz Mineral's Bozshakol mine, a significant copper-gold operation with over one billion tonnes of reserves, producing over 100,000 tonnes of copper annually. KGK Drilling Program - KGK drilling, also known as "hydraulic-core lift drilling", is a system designed to drill holes for geochemical sampling and geological mapping of basement rocks buried by younger surface cover. Developed in the Soviet Union, this method is similar to "wet" reverse circulation (RC) drilling.

The drilling is carried out by Spetsburmash LLC, based in Kokshetau, Akmola Region, Kazakhstan. They have two URB-2A2-KGK-100 KGK drill rigs on site, and the program is expected to be completed by mid-August. The Tay Project - The Tay project spans 118 square kilometers in northeastern Kazakhstan within the Bozshakol-Chingiz magmatic arc, an under-explored and emerging porphyry province.

It is situated 28 km north of the Bozshakol open-pit copper-gold mine operated by Kaz Minerals. The geology of the area is dominated by volcano-sedimentary and sedimentary rocks, intersected by several major fault zones and intruded by a series of intrusive stocks. A regional Soviet-era geophysical survey identified a 6.5 km by 2.1 km east-west trending IP chargeability anomaly, comparable in size to the anomaly over the operating Bozshakol copper-gold mine.

No historical drilling has been conducted on the property. The Company believes this anomaly could be related to a porphyry intrusion that is covered by 10 to 40 meters of Quaternary cover. Arras's License Package showing Arras-Teck Strategic Alliance Areas as "Package A" and "Package B" as well as the Elemes Project, Tay Project and Beskauga Project (including adjoining Stepnoe and Ekidos licenses) all of which are 100% owned by Arras.