20:56:42 EST Tue 03 Feb 2026
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Arya Resources Ltd
Symbol RBZ
Shares Issued 43,930,134
Close 2026-02-03 C$ 0.52
Market Cap C$ 22,843,670
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Arya Resources starts drilling at Wedge Lake project

2026-02-03 16:53 ET - News Release

Mr. Rasool Mohammad reports

ARYA RESOURCES COMMENCES DRILLING TO EXPAND GOLD AND SILVER MINERALIZATION AT WEDGE LAKE

Arya Resources Ltd. has begun a new round of drilling at its Wedge Lake gold project in Saskatchewan.

This drilling will focus on two key areas of the project -- the Twin zone and the T-6 zone -- where earlier drilling returned encouraging gold results.

The new program is designed to build on these positive results and further explore the project's potential. This work follows the company's recent drilling success at both zones, which was previously announced:

Twin zone results: AR25-09 (Nov. 3, 2025)

  • 3.86 grams per tonne Au over 44.0 metres (76.5 to 120.5 m) including:
    • 9.90 g/t Au over 16.0 m (89 to 105 m);
    • 26.14 g/t Au over 3.80 m (94.6 to 98.4 m).

T-6 zone results: AR25-10 (Oct. 20, 2025)

  • 21.59 g/t Au over 5.84 m (41.70 to 47.54 m) including:
    • 30.45 g/t Au over 4.06 m (43.48 to 47.54 m).

A gold-dominant bulk-tonnage target with consistent silver credits is also identified at the Twin zone (Feb. 2, 2026) as shown in the attached table.

The drilling program aims to build on these positive results by seeing how far the gold and silver zones extend, how deep they go, and how continuous the gold and silver mineralization is.

Two distinct styles of gold mineralization identified

Arya has identified two distinct styles of gold mineralization at the Wedge Lake gold project:

  • T-6 zone: orogenic/mesothermal gold mineralization;
  • Twin zone: iron formation-hosted gold mineralization, comparable wiith major deposits such as Meadowbank, Lupin and the Homestake mine in South Dakota.

The T-6 zone represents a classic orogenic gold system, characterized by structurally controlled quartz veining, alteration and gold mineralization formed during regional deformation and metamorphism. This style is known globally for hosting large, high-grade gold deposits.

In contrast, the Twin zone hosts gold and silver mineralization within iron formation, a geological setting associated with some of the world's most significant gold camps. The style of mineralization at the Twin zone shows strong similarities to:

  • Meadowbank gold mine (Nunavut, Canada);
  • Lupin gold mine (Northwest Territories, Canada);
  • Homestake mine (South Dakota, U.S.).

These analogs highlight the potential for large, long-life gold and silver systems within iron formation-hosted environments.

The company will provide the market with further updates once drilling commences and results become available.

Option grant

The company is pleased to announce that it has granted an aggregate of 750,000 stock options to certain officers and directors of the company at an exercise price of 75 cents per share, subject to the approval of the TSX Venture Exchange.

Independent qualified person

Kevin Wells, PGeo, a consulting geologist for the company, is the independent qualified person, as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, for the Wedge Lake project, who has reviewed, verified and approved the contents of this news release.

About Arya Resources Ltd.

Arya Resources is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious and critical-metal projects in Saskatchewan. The company is advancing its flagship Wedge Lake gold project and its Dunlop nickel-copper-cobalt project, both located in mining-friendly jurisdictions with excellent infrastructure.

As a Tier 2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through discovery-driven exploration, disciplined execution and responsible development.

We seek Safe Harbor.

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