Mr. Patrick Power reports

ARCTIC STAR: 111 DIAMONDS IN 48.65KG OF KIMBERLITE CORE SAMPLE IN FINLAND

Arctic Star Exploration Corp. has received more diamond results from the White Wolf kimberlite in Finland.

The Finnish Geological Survey (GTK) has a policy of storing core from exploration and the company was fortunate to learn that much of the core from the past drilling was available at the GTK core storage facility at Loppi, north of Helsinki. Roy Spencer, Arctic Star director, was given access to the core, which was reviewed, in part relogged and then sampled. Permission to take 48.65 kilograms of split core for further caustic fusion analysis was given and the samples were sent to the Saskatchewan Research Council laboratory in Saskatoon. The drill core was of NQ size and was split by core splitter and the results are as displayed in the table.

   MICRODIAMOND ASSAY RESULTS FOR DIAMOND DRILL CORE RECENTLY SAMPLED BY ARCTIC STAR, WHITE WOLF KIMBERLITE 

          Kimberlite 
              sample                                                                                              Total
           weight Kg   +0.106 mm   +0.15 mm   +0.212 mm   +0.3 mm   +0.425 mm   +0.60 mm   +0.85 mm   +1.18 mm   stones

White Wolf     48.65          47         35          11        11           1          5          0          1      111

These results represent approximately 52.7 metres of core.

The results of the earlier due diligence surface sampling undertaken by Arctic Star are reported in the attached table. In this case the samples were sent to the Microlithics Laboratory in Thunder Bay for caustic fusion analysis. These results are as displayed in the table.

MICRODIAMOND ASSAY RESULTS FOR THE ARCTIC STAR SURFACE SAMPLES REPORTED PREVIOUSLY, WHITE WOLF KIMBERLITE

          Kimberlite 
              sample 
           weight kg   +0.106 mm   +0.15 mm   +0.212 mm   +0.3 mm   +0.425 mm   +0.60 mm   Total stones

White Wolf      18.9          23         16          13         4           2          0             58     

                    TOTAL MICRODIAMOND ASSAY RESULTS FOR THE WHITE WOLF KIMBERLITE

          Kimberlite 
              sample                                                                                             Total 
           weight kg   +0.106 mm   +0.15 mm   +0.212 mm   +0.3 mm   +0.425 mm   +0.60 mm   +0.85 mm   +1.18 mm   stones

White Wolf     67.55          70         61          24        15           3          5          0          1      169

Microlithics Laboratories Inc., of Thunder Bay, Ont., is independent of the issuer, and is not ISO accredited. Kevin Kivi, PGeo, has audited Microlithics to verify sample preparation and analytical methods for diamond recovery were appropriate.

SRC of Saskatoon, Sask., is independent of the issuer and is ISO accredited.

There was a chain of custody in use for these samples, supervised by GTK.

Diamonds results reported using CIM guidelines.

Microdiamonds can be used as a predictive guide to diamond grade by constructing graphs of size (carats or mm) versus frequency (number of stones). The majority of diamondiferous kimberlites around the world show an exponential relationship between the number of small diamonds and large diamonds and the goal at this stage of evaluation is to gather enough caustic fusion sample to construct a smooth distribution through the sieve sizes shown in the tables. The next step will be to commence a drill program to collect more caustic fusion samples and delineate the size and shape of the kimberlites. This program would commence on the completion of ground geophysical surveys designed to help plan this drill program.

About Arctic Star Exploration Corp.

Arctic Star is an experienced diamond and mineral exploration company, with diamond exploration properties in Nunavut (Stein), the Northwest Territories (Diagras and Redemption) and in the Athabasca basin of Saskatchewan. The company has been planning and derisking its entry to Finland over the last year, and is pleased to present what it believes is the pre-eminent new field opportunity to shareholders in the Timantti project.

Qualified persons

The content of this news release has been read and approved by Roy Spencer, FAusIMM, a director of the company who is the qualified person for this news release.

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