Mr. Kim Tyler reports

CANADIAN ARROW COMPLETES DENMARK LAKE NICKEL-COPPER-PGM ACQUISITION

Canadian Arrow Mines Ltd. has acquired 100-per-cent ownership of the Denmark Lake group of claims located adjacent to and along strike of its flagship Kenbridge nickel project located near Kenora, Ont. The company has fulfilled all its obligations under an option agreement and confirms title transfer of 15 claims (204 units) comprising 3,264 hectares. The acquisition covers the company's 2008 Caribou Lodge discovery of 4.51 per cent Ni, 0.50 per cent Cu and 0.16 per cent Co in 0.75 metre of massive sulphides within a broader intersection of 0.79 per cent Ni, 0.53 per cent Cu, 0.03 per cent Co and 0.47 gram per tonne PGEs over 6.4 metres. The property covers the 8.5-kilometre southern strike length of the major structural trend hosting the company's Kenbridge nickel project, includes a number of historical nickel, copper, platinum, palladium and gold showings, and hosts 48 new geophysical targets similar to Kenbridge discovered by the company in its detailed 2007 airborne HTEM geophysical survey.

Kim Tyler, president of the company, said: "We are pleased to secure ownership of this extremely prospective property adjacent to our 100-per-cent-owned flagship Kenbridge project. We had just begun to explore the Denmark Lake targets around Kenbridge when the economic downturn forced suspension of activities in 2008. Given the lack of exploration over the entire 70-kilometre-diameter Atikwa Ni-Cu-PGE belt, we are pleased at how quickly we were able to establish a new discovery at Caribou Lodge and look forward to resuming activity as soon as practically possible."

The company's top priority is focused on resuming production on its Timmins, Ont., area Kelex mining operations before considering resumption of exploration activities.

We seek Safe Harbor.