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Toronto, Canada: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to report results from its recently completed surface transient electromagnetic (“TEM”) survey over the Antofalla North claim block. The survey results confirm the presence of halite over the salar surface, representing approximately 15% of the claim block, but also discovered low resistivity fields at depth along the eastern margin of the survey area. This low resistivity field is interpreted as a large aquifer saturated with brine, increasing the prospective brine field by 600 percent. Arena had purchased the claim block on the assumption brine would be present only within the known halite found on the salar surface, which covers the north western corner of the property.

Will Randall, President and CEO of Arena Minerals, commented: “The TEM results add significant value to our recent acquisition, increasing the potential for a significant resource entirely within our Antofalla North claim block. Based on these results we will design a drill program to test the newly discovered brine field. At present, the Company is initiating a shallow drill program to define the near surface brines within the halite found on the salar surface along the western portion of the claim block.”

A video of the TEM survey results is now available on the Company’s website at www.arenaminerals.com. The discovered low resistivity field extends down 300 metres from surface and is open at depth.

A follow up work program has been initiated, consisting primarily of shallow drilling on a regular grid to determine brine composition over the halite dominant salar surface. Once these results have been received a drill program will be designed to define the brine resource hosted within the halite as well as test the low resistivity discovered in this survey.

TEM Survey Details

The TEM survey was performed by Quantec Geoscience Argentina S.A. The TEM field procedure was designed to collect sounding data in an expedient manner. Data were collected with a moving-loop method in which the receiver coil was located at the center of a square, single-turn transmit loop. Transmit loop dimensions were fixed at 200 m x 200 m.

A frequency of 25 Hz and 2.5 Hz was employed throughout the survey allowing secondary magnetic field decay measurements over a total of 20 time channels. The transmitter and receiver were linked with a reference cable.

In addition, the Company informs that Vernon Arseneau is no longer Vice President of Exploration for the Company.

About Arena Minerals

Arena owns three lithium brine projects in Argentina, consisting of three claims covering a total of 4,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation’s Antofalla project, claims covering 290 hectares in Salar de Hombre Muerto, and an option over 2,000 hectares in the Pocitos Salar.

Arena also owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile’s premier copper mining district.

The technical and scientific aspects of this news release have been reviewed and approved by Mr. William Randall, P.Geo, who is a qualified person pursuant to NI 43-101. As the President & CEO of the Company, Mr. Randall is not considered independent.

To view our website, please visit www.arenaminerals.com.  In addition to featuring information regarding the Company, its management, and projects, the site also contains the latest corporate news, a long form text explaining the unique business model of the Company (under the tab “the Company Explained”)  and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Vice-President Corporate Development, at +1-647-801-7273 or smarcotte@arenaminerals.com.

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muerto or Pocitos Projects in Argentina , and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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Toronto, Canada: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce that Mr. Eduardo Morales, who joined the Board of Directors in September 2018, has been appointed Executive Chairman of the Board of Arena Minerals, effective immediately.

Mr. Morales is a chemical engineer with 40 years of experience in project engineering, construction and start-up of lithium plants who formerly built and operated one of the world’s largest lithium operations. As President of Rockwood Lithium Latin America, he successfully led the development, commissioning, and operation of Rockwood’s Salar de Atacama project. His tenure with Rockwood Lithium culminated with the company’s sale to Albemarle Corporation for US$6.2 billion in 2014. In 2016, Mr. Morales was appointed Chief Operating Officer of Lithium X Energy Corp. and focused on advancing the Sal de los Angeles lithium brine project, located in the Salta province of Argentina, until construction stage. Lithium X was acquired in 2018 by Nextview New Energy Lion Hong Kong Limited in a $265M transaction.

Additionally, the Company is pleased to announce the nomination of Mr. Peter Damouni to its Board of Directors. Mr. Damouni has nearly 18 years of experience in investment banking and capital markets with notable expertise in natural resources. Throughout his career, Mr. Damouni has worked on, and led, equity and debt financings valued at over $5 billion. He has comprehensive experience in equity financing, restructuring, corporate valuations, and advisory assignments. Mr. Damouni has established and serves as a Director of a number of mining companies listed on the TSX, the LSE and the AIM markets. Mr. Damouni is a graduate of McGill University, Montreal, Canada. He is a Canadian and British citizen residing in the United Kingdom.

Will Randall, President and CEO of Arena Minerals, commented: “I am delighted to have Eduardo assume a leadership role in this exciting new direction for the Company. It is a great vote of confidence for us, and our unique approach to the lithium space, to have a world renown leader become Executive Chairman of the Board. I would also like to take to opportunity to welcome Peter to the Board where his unique network and expertise are sure to greatly benefit the Company.”

Arena Minerals announces the promotion of Mr. Simon Marcotte to Vice-President, Corporate Development. Mr. Marcotte has more than 20 years of experience in Capital Markets having held senior positions with CIBC World Markets, Cormark Securities, Alderon Iron Ore Corp., Belo Sun Mining Corp., and Mason Graphite Inc. Mr. Marcotte will now be a reporting insider of the Company.

The Company reports that Mr. Dan Bruno will be stepping down from the Board of Directors, effective May 1st, 2019. The Company would like to sincerely thank Mr. Bruno for his help and guidance over the years.

Lastly, the Company announces that is has granted an aggregate of 750,000 stock options to various directors of the Company effective March 19, 2019. The stock options vest immediately, are exercisable at $0.06 for a period of five years and remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The stock options remain subject to a statutory hold period of four months and one day expiring on July 20, 2019.

About Arena Minerals

Arena owns three lithium brine projects in Argentina, consisting of three claims covering a total of 4,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation’s Antofalla project, claims covering 290 hectares in Salar de Hombre Muerto, and an option over 2,000 hectares in the Pocitos Salar.

Arena also owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile’s premier copper mining district.

The technical and scientific aspects of this news release have been reviewed and approved by Mr. William Randall, P.Geo, who is a qualified person pursuant to NI 43-101. As the President & CEO of the Company, Mr. Randall is not considered independent.

To view our website, please visit www.arenaminerals.com.  In addition to featuring information regarding the Company, its management, and projects, the site also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Vice-President Corporate Development, at +1-647-801-7273 or smarcotte@arenaminerals.com.

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information:

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, September 5th, 2017: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to provide an exploration update for the program operated by the Company as part of the Japan Oil Gas and Mineral National Corporation (“JOGMEC”) US$17.5 million joint venture agreement.  A total of 14,572 metres of primarily reverse circulation (“RC”) drilling has been completed in 55 drill holes, as part of the Phase 2 program that focused primarily on completing grid drilling and initial follow-up drilling on PU-RC-39 (refer to press release dated February 21, 2016). Results have been received for the first 46 drill holes, including assay and alteration analysis results.

Drill hole PU-RC-80, drilled in the north western portion of the Pampa Union block and 400 meters East of PU-RC-039, has intersected the lithocap, strong advanced argillic and phyllic alteration with values up to 0.2% Cu, 120 ppm Mo and 72 g/t Ag within 115 meters (265 meters to 380 meters) of hydrothermal silicification and breccias with quartz, pyrite, specularite and hematite characteristic of a porphyry system. Strong phyllic alteration was encountered from 201 meters to down to a total depth of 550 meters below surface. Hole PU-RC-80 is interpreted as a strong indication of increased proximity to a mineralized intrusive body to the northeast, representing a high quality target for a third phase of drilling (map link).

William Randall, President and CEO of Arena commented, “Results obtained to date for Phase 2 drilling have been successful in expanding on the porphyry system discovered in hole PU-RC-039 under only 30 meters of ground cover.  Drill hole PU-RC-080 has intersected the alteration and mineralization typical of many known porphyries in the area with strong indications that we are effectively vectoring closer to the host porphyry.” He continued, “Further work is currently being planned in the area, including a seismic survey expected to be carried out over the coming months.”

Drill hole PU-RC-80 collared in strong phyllic alteration from 30 meters to 132 meters followed by the lithocap zone of strong silicification from 132 meters to 201 meters. From 201 meters down to the end of the hole at 550 meters, the hole cut a sequence of strong phyllic altered andesites including short sections of advanced argillic alteration. From 265 meters to 380 meters the andesitic textures are almost completely replaced by strong silicification with sections of cross cutting quartz, pyrite, specularite and hematite alteration carrying anomalous values of Cu, Mo Ag, As, Sb and Bi. Pyrite mineralization is encountered throughout the sequence underlying the lithocap, with more intense mineralization over 3% between 240 meters and 350 meters. Below 450 metres, sections of phyllic alteration continue with lesser intensity and decreased geochemical anomalism and occasional quartz-magnetite breccias to the end of the hole at 550 meters.

In addition to PU-RC-080, drill holes PU-RC-67, PU-RC-073, PU-RC-81, PU-RC-082, and PU-RC-086 all intersected significant thicknesses of silica lithocap with strong advanced argillic and/or phyllic alteration with various levels of anomalous Cu, Mo, Sb and As . It is important to note that the distance between the holes referred to above varies between 400 meters and 600 meters from PU-RC-080 and the target area remains largely open to the northeast, northwest and southeast.

The Arena-JOGMEC joint venture has completed 14,571meters of drilling in 55 drill holes as part the Phase 2 program at Pampa Union, including 29 holes as part of the minimum 1.5 kilometer spaced grid on the property, with the remaining 26 holes as wide spaced follow-up of the alteration/mineralization porphyry cell discovered in hole PU-RC-039. Results from the remaining 9 drill holes are expected to be received, interpreted and released in the coming weeks once all the information has been compiled.

Option Agreement Extension

 Arena has secured an extension agreement with Socided Quimica y Minela de Chile S.A. (“SQM”), effectively extending the option exercise date from July 27, 2017 to October 31, 2017. The agreement includes extending the claim reduction and associated option exercise payments. The same extension has been granted to both active joint ventures with JOGMEC and Teck Chile Ltd.

The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vernon Arseneau, P.Geo, who is a qualified person pursuant to NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considered independent.

 About Arena Minerals

 Arena Minerals is a prospect generator that has two properties under option covering approximately 70,000 hectares within the Antofagasta region of Chile.  The properties are at low altitudes, within producing mining camps in infrastructure rich areas. The Company’s flagship asset is the Atacama Copper Property, consisting of approximately 70,000 hectares, following a contractual land reduction on July 27, 2016, of essentially undrilled ground in the heart of Chile’s premier copper mining district. Currently, approximately 40,000 of the Atacama Copper Property is under option to two parties.  Pursuant to option agreements entered into between Arena, Japan Oil, Gas and Metals National Corporation and Teck Resources Chile Limitada, each have the right to earn into 60% of the respective land holdings within the property, by collectively spending over $40 million in exploration expenditures, amongst certain other commitments.

The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vernon Arseneau, P.Geo, who is a qualified person pursuant to NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considered independent.

To view the Company’s website, please visit www.arenaminerals.com.

In addition to featuring information regarding the Company, its managements and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall at (416) 818-8711 or:

Freddie Leigh
(604) 609-6132
fleigh@arenaminerals.com

 

On behalf of the Board of Directors of

Arena Minerals Inc.
William Randall
President, and CEO

 

Cautionary Note Regarding Accuracy and Forward-Looking Information:

 

This news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the JOGMEC joint venture drilling program and potential results and future development of any of the Company’s properties, the progress of drill programs, the prospectivity of, and planned work programs on, such properties, the ability to enter into any additional joint venture partnership agreements as proposed, or at all, the ability of any potential partner to accelerate drill programs, increase the development of any of the projects or prospects of the Company, the results of the exploration program, future financial or operating performance of the Company and its subsidiaries and its projects. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, December 06, 2018: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to confirm that is has completed the recently announced acquisition of Antofalla Minerals S.A. (“AMSA”).

The acquisition of AMSA provides Arena with three potential lithium brine projects in the Catamarca and Salta provinces of Argentina:

  • Antofalla: this project consists of three claims covering a total of 4,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation’s Antofalla project. Albemarle acquired its project from Bolland Minera S.A. (see Albemarle Corporation’s press release dated September 12, 2016).  AMSA also has a claim on an additional 2,000 hectares in Antofalla, currently disputed in the courts, which if successful would result in additional ownership by AMSA.
  • Hombre Muerto: this project consists of claims covering 290 hectares in Salar de Hombre Muerto, within the northern basin recently acquired by POSCO from Galaxy Resources. While the claim footprint is relatively small, these claims would enable the Company to access brine from this established salar.
  • Pocitos: this project consists of an option over 2,000 hectares in Pocitos. AMSA was granted the exclusive right to conduct exploration activities on these claims for a two-year term, with an option to purchase the claims for a single payment of US$30,000 on or prior to July 2nd, 2020.

The key project from Arena’s perspective is the Antofalla project.  Arena’s team has developed a proprietary process, using lithium rich reagents produced from Antofalla brine, which when mixed with most other brines in Argentina can deliver a high quality, high purity, >5% Li concentrate at reduced cost, due to the significant reduction in the use of reagents while contributing to lithium concentration.  This would have the overall impact of lowering operating costs as well as providing supply security.

This operational concept originated from the practice of the brine industry in Atacama, Chile, where two types of brines are mixed to create an ideal chemistry. This process was developed under the leadership of Mr. Eduardo Morales who commented: “After three years of process development work, our team was able to re-invent the process to fit Argentine brines, which differ considerably in chemical characteristics from those in Atacama.”

The brine from the Antofalla project could be processed using conventional evaporation ponds on site to produce the desired reagent which would then be delivered to other projects in the country. The Antofalla projects are located in the same Puna region as the more advanced lithium brine assets in Argentina, providing further advantages due to reduced trucking distances when compared to traditional sources of lime, such as San Juan province, Argentina, located approximately 800 km away.

Will Randall, President and CEO of Arena Minerals, commented: “As we enter the lithium industry in Argentina, we wanted to secure a foothold in this strategic salar first as it enables us to unlock our proprietary process. Going forward, we will have the option to either form strategic alliances with other advanced lithium projects or complete further acquisitions and implement our proprietary process ourselves. Having recently secured strong institutional financial partners, Arena believes it is in a position to execute on the most favorable alternative or even advance both since the alternatives are not exclusive.”

About Arena Minerals

Arena owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure rich areas, located in the heart of Chile’s premier copper mining district.

Arena also owns three lithium brine projects in Argentina, consisting of: three claims covering a total of 4,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation’s Antofalla project; claims covering 290 hectares in Salar de Hombre Muerto; and an option over 2,000 hectares in Pocitos.

The technical and scientific aspects of this news release have been reviewed and approved by Mr. William Randall, P.Geo, who is a qualified person pursuant to NI 43-101. As the President & CEO of the Company, Mr. Randall is not considered independent.

To view our website, please visit www.arenaminerals.com.  In addition to featuring information regarding the Company, its managements and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Director Corporate Development, at +1-647-801-7273 or at smarcotte@arenaminerals.com.

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

 

Cautionary Note Regarding Accuracy and Forward-Looking Information:

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, November 15, 2018: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce that the Company has entered into a binding Share Purchase Agreement (the “Agreement”) to acquire 100% of Antofalla Minerals S.A. (“AMSA”), which owns lithium brine projects located in Argentina. AMSA’s flagship project covers 4,000 hectares of Salar de Antofalla immediately south and adjacent to Albemarle Corporation’s Antofalla project. AMSA also has projects in the Hombre Muerto and Pocitos salars, and a pending claim for another 2,000 hectares in Antofalla South.

The purchase price for all of the outstanding shares of AMSA is US$400,000 in cash and 10,000,000 common shares of Arena. The vendors are not entitled to any other post-closing royalties or other payments.

Completion of the acquisition is subject to receipt of all required regulatory approvals and is expected to occur prior to the end of the year.

The acquisition of AMSA and its lithium brine projects strategically positions Arena in the so-called Lithium Triangle, a richly mineralized region covering Chile, Argentina and Bolivia that accounts for more than 40% of the world’s lithium production.

“The acquisition of AMSA offers Arena a firm position in a strategic asset within the Argentine brine space,” said Mr. Morales, Director of Arena. “It is one of the only brines within Argentina with a unique chemistry paired with elevated lithium values, allowing for development as either a stand-alone project with a potential low cost of production or as a lithium rich feed for more conventional projects within the country.  Recent proprietary process development work demonstrated that the unique chemistry of AMSA’s Antofalla project allows for synergies with more typical brines, significantly reducing reagent use and therefore production costs. As such, we expect this particular brine, coupled with the Company’s proprietary process, to become increasingly strategic in the region. The projects are located in a mining-friendly part of Argentina where members of Arena’s experienced lithium team have previously enjoyed successes and in which they maintain good relationships with relevant stakeholders.”

“The acquisition is Arena’s first step towards becoming a low-cost lithium brine producer, by employing our decades worth of brine processing experience. We also retain a network of local technical capability and manpower, which is being reassembled to move this project forward.” said Mr. William Randall, President and Chief Executive Officer of Arena Minerals.

Antofalla Minerals S.A.

AMSA controls interests in three salars within the lithium triangle, both in Catamarca and Salta provinces of Argentina. Three claims covering a total of 4,000 hectares of the central portion of Salar de Antofalla are located immediately south of Albemarle’s Antofalla project. The Albemarle property immediately to the north was explored in 2009-2011 by the Brazilian company Vale de Rio Doce (“Vale”).  Vale drilled approximately 56 holes over the central portion of the salar. In 2016, the current owner, Albemarle Corporation, acquired the property rights from Bolland Minera S.A. (see Albemarle Corporation’s press release dated September 12, 2016).

In addition to the Antofalla claims, AMSA also owns claims covering 290 hectares in Salar de Hombre Muerto within the northern basin recently acquired by POSCO from Galaxy Resources (see Galaxy’s press release dated August 28th, 2018) for a cash consideration of US$280 million. While the footprint is relatively small, the claims would enables the Company to access brine from this established salar.

AMSA also owns an option over 2,000 hectares in Pocitos by means of which AMSA was granted the exclusive right to conduct exploration activities for a two years term, with the option to purchase the properties for a single payment of US$30,000 on or prior to July 2nd, 2020; and a claim on an additional 2,000 hectares in Antofalla, which is currently disputed in courts.

About Arena Minerals

Arena Minerals owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure rich areas, located in the heart of Chile’s premier copper mining district. The technical and scientific aspects of this news release have been reviewed and approved by Mr. William Randall, P.Geo, who is a qualified person pursuant to NI 43-101. As the President & CEO of the Company, Mr. Randall is not considered independent.

To view the website, please visit www.arenaminerals.com.  In addition to featuring information regarding the Company, its management and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly. Please note that the website will be updated shortly, in order to reflect the impact today’s announcement on the strategy of the Company.

For more information, please contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Director Corporate Development, at +1-647-801-7273

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

 

Cautionary Note Regarding Accuracy and Forward-Looking Information:

 

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, September 20, 2018: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce the appointment of Mr. Eduardo Morales to its Board of Directors, effective immediately.

Mr. Morales is a chemical engineer with 40 years of experience in project engineering, construction and start-up of lithium plants who formerly built and operated one of the world’s largest lithium operations. As President of Rockwood Lithium Latin America, he successfully led the development, commissioning and operation of Rockwood’s Salar de Atacama project. His tenure with Rockwood Lithium culminated with the company’s sale to Albemarle Corporation for US$6.2 billion in 2014. In 2016, Mr. Morales was appointed Chief Operating Officer of Lithium X Energy Corp. and focused on advancing the Sal de los Angeles lithium brine project, located in the Salta province of Argentina, until construction stage. Lithium X was acquired less than 2 years later by Nextview New Energy Lion Honk Kong Limited in a $265M transaction.

Will Randall, President and CEO of Arena Minerals commented: “We are very pleased to welcome Eduardo to our team. Having worked with Eduardo during his time with Lithium X, I am confident he will bring his extensive knowledge in processing and development to assist the Company strategically when it comes to evaluating potential acquisitions.”

Mr. Morales will be replacing Simon Marcotte on the Board of Directors. Mr. Marcotte will now transition to the operating team, acting as Director, Corporate Development. Mr. Marcotte has more than 20 years of experience in Capital Markets having held senior positions notably with CIBC World Markets, Cormark Securities, Alderon Iron Ore Corp., Belo Sun Mining Corp. and Mason Graphite Inc.

Lastly, the Company announces that is has granted an aggregate of 4,000,000 stock options to various directors, officers and consultants of the Company effective September 21, 2018. The stock options vest immediately, are exercisable at $0.09 for a period of five years and remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The stock options remain subject to a statutory hold period of four months and one day expiring on January 22, 2019.

About Arena Minerals

Arena Minerals owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure rich areas, located in the heart of Chile’s premier copper mining district. The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vernon Arseneau, P.Geo, who is a qualified person pursuant to NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considered independent.

To view the website, please visit www.arenaminerals.com.  In addition to featuring information regarding the Company, its managements and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

For more information, contact William Randall at +1-416-818-8711 or Simon Marcotte at +1-647-801-7273

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

 

Cautionary Note Regarding Accuracy and Forward-Looking Information:

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, September 6, 2018: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) is pleased to announce the closing of its previously announced non-brokered private placement financing of 46,000,000  units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of $2,300,000 (the “Offering”).

Each Unit is comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.10 for a period of 36 months from September 6,2018.

The Company intends to use the net proceeds of the Offering to fund potential future property acquisitions, continue the development of its Atacama Copper property located in the Antofagasta region of northern Chile, and for general corporate purposes.

The Common Shares, Warrants and shares underlying the Warrants will be subject to a four-month statutory hold period from September 6, 2018, the closing of the private placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

To view the website, please visit www.arenaminerals.com.

In addition to featuring information regarding the Company, its managements and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

About Arena Minerals

Arena Minerals owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure rich areas, located in the heart of Chile’s premier copper mining district. The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vernon Arseneau, P.Geo, who is a qualified person pursuant to NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considdred independent.

For more information, contact William Randall at (416) 818-8711.

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information:

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, August 17, 2018: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) Further to the Company’s news release dated August 8, 2018, the Company is pleased to announce that due to excess demand the private placement has been increased to $2 million to $2.3 million.

The Company now intends to complete a private placement financing of units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of $2,300,000 (the “Offering”).  Each Unit shall consist of one common share of the Company (a “Common Share”) and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitling the holder to acquire one Common Share of the Company at $0.10 for a period of 36 months from the date of issuance.

The Company intends to use the net proceeds of the Offering to fund potential future property acquisitions, continue the development of its Atacama Copper property located in the Antofagasta region of northern Chile, and for general corporate purposes. The Company may, subject to additional interest received, increase the size of the private placement.

The Common Shares, Warrants and shares underlying the Warrants will be subject to a four month statutory hold period from the closing of the private placement.  Closing of the transaction remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

To view the website, please visit www.arenaminerals.com.

In addition to featuring information regarding the Company, its managements and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

About Arena Minerals

Arena Minerals owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure rich areas, located in the heart of Chile’s premier copper mining district. The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vernon Arseneau, P.Geo, who is a qualified person pursuant to NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considered independent.

For more information, contact William Randall at (416) 309-2697.

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

 

Cautionary Note Regarding Accuracy and Forward-Looking Information:

 

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, August 3, 2018: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) announces that it intends to complete a non-brokered private placement financing of units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of $2,000,000 (the “Offering”).  Each Unit shall consist of one common share of the Company (a “Common Share”) and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitling the holder to acquire one Common Share of the Company at $0.10 for a period of 36 months from the date of issuance.

The Company intends to use the net proceeds of the Offering to fund potential future property acquisitions, continue the development of its Atacama Copper property located in the Antofagasta region of northern Chile, and for general corporate purposes. The Company may, subject to additional interest received, increase the size of the private placement.

The Common Shares, Warrants and shares underlying the Warrants will be subject to a four month statutory hold period from the closing of the private placement.  Closing of the transaction remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

The Company is issuing this press release to correct a prior press release (issued on August 2, 2018) announcing the proposed private placement.  The prior press release contained incorrect, historical information regarding the Company under the heading “About Arena Minerals” – this press release contains the correct information.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

To view the website, please visit www.arenaminerals.com.

In addition to featuring information regarding the Company, its managements and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

About Arena Minerals

Arena Minerals owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile.  The projects are at low altitudes, within producing mining camps in infrastructure rich areas, located in the heart of Chile’s premier copper mining district. The technical and scientific aspects of this news release have been reviewed and approved by Mr. Vernon Arseneau, P.Geo, who is a qualified person pursuant to NI 43-101. As the Vice President of Exploration of the Company, Mr. Arseneau is not considered independent.

For more information, contact William Randall at (416) 309-2697.

On behalf of the Board of Directors of

Arena Minerals Inc.

William Randall, President and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information:

This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Toronto, Canada, August 2, 2018: Arena Minerals Inc. (“Arena” or the “Company”) (TSX-V: AN) announces that it intends to complete a non-brokered private placement financing of units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of $2,000,000 (the “Offering”).  Each Unit shall consist of one common share of the Company (a “Common Share”) and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitling the holder to acquire one Common Share of the Company at $0.10 for a period of 36 months from the date of issuance.

The Company intends to use the net proceeds of the Offering to fund potential future property acquisitions, continue the development of its Atacama Copper property located in the Antofagasta region of northern Chile, and for general corporate purposes. The Company may, subject to additional interest received, increase the size of the private placement.

The Common Shares, Warrants and shares underlying the Warrants will be subject to a four month statutory hold period from the closing of the private placement.  Closing of the transaction remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

To view the website, please visit www.arenaminerals.com.

In addition to featuring information regarding the Company, its managements and projects, the website also contains the latest corporate news and an email registration allowing subscribers to receive news and updates directly.

About Arena Minerals

Currently Arena Minerals has three properties under option covering approximately 326,000 hectares.  All the properties are within the Antofagasta region of Chile, at low altitudes and within producing mining camps.  The Company flagship asset is the Atacama Copper Property, consisting of 293,000 hectares of essentially undrilled ground in the heart of Chile’s premier copper mining district. The Atacama Copper Property is adjacent to the Capricornio Property, forming part of a contiguous land package that can be worked in conjunction.  In addition the Company also has the Pampas El Peñon project which is less than 1 km from Yamana’s Agusta Victoria project and 10 km from the El Peñon mine.  The Capricornio property hosts a district scale gold silver epithermal system virtually unexplored at depth and open on strike.  The Pampas El Peñon and Capricornio properties comprise Arena Minerals highly prospective gold properties within an active mining region.

For more information, contact William Randall at (416) 309-2697.

On behalf of the Board of Directors of

Arena Minerals Inc.
William Randall
President, and CEO

Cautionary Note Regarding Accuracy and Forward-Looking Information:

 This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company’s properties, the anticipating timing with respect to the private placement financing, the ability of the Company to complete the private placement financing, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project, the Capricornio project, and the El Peñon project, and the Company’s ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking informationArena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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