Arctic Minerals Acquires Peräpohja Copper Project In Finland

Arctic Minerals AB (publ) AARCT:

• ACQUIRES 100% OF PERÄPOHJA COPPER PROJECT IN FINLAND IN A ROYALTY DEAL WITH RIO TINTO, SUPERSEDING PREVIOUS JOINT VENTURE AGREEMENT

• PROJECT CONSISTS OF 24 PERMIT AND PERMIT APPLICATIONS TOTALLING 112,000 HECTARES

• PROJECT HAS TILL NOW BEEN OWNED JOINTLY BY ARCTIC MINERALS AND RIO TINTO IN A JOINT VENTURE

• NO UP-FRONT CASH WILL BE PAID FOR PROJECT

• RIO TINTO WILL BE ENTITLED TO A NET SMELTER RETURN OF 1% OF REVENUE FROM ANY EVENTUAL PRODUCTION FROM PROJECT