Mr. Patrick Power reports

ARCTIC STAR ANNOUNCES MANAGEMENT AND BOARD CHANGES

Arctic Star Exploration Corp. has appointed director Scott Eldridge to the position of president and chief executive officer, Patrick Power to the position of executive chairman, and Jared Lazerson as a director.

Mr. Power stated: "We are pleased to appoint Scott Eldridge as president and chief executive officer. His financial acumen and extensive network of European investors fit well with the European-based and newly acquired Timantti diamond project in Finland." Mr. Power added: "As well we are excited with the addition of Jared Lazerson to Arctic's board of directors, his market, technology and industrial mineral mining experience are a welcome addition to the board. The momentum he has created with the recent development of MGX Minerals is particularly relevant as we advance Arctic's newest diamond exploration property."

Mr. Eldridge has over 10 years of experience in finance and general management in the mining sector. He has a BBA from Capilano University and an MBA from Central European University. He co-founded Euroscandic International Group Inc., a private company offering investment banking and advisory services to natural resource companies, where he served as president and chief executive officer from 2008 to 2016. During his time in the industry, he has been responsible for raising in excess of $500-million in combined equity and debt financing for mining projects varying from exploration to construction financing around the globe. He has held several directorships and executive roles with both private and public companies.

Mr. Lazerson is chief executive officer and director of lithium and magnesium miner MGX Minerals. For the past five years, Mr. Lazerson has seen the market capitalization grow from $2-million to a current value of $100-million and a 2017 high of over $200-million. Mr. Lazerson has been responsible for all aspects of growth of MGX Minerals, including acquisitions, financing, operations and technology development. MGX Minerals has developed some of the most advanced and low-cost technology in the world for lithium extraction from brine by eliminating the solar evaporation step, thus reducing processing time from two years to one day. Mr. Lazerson holds a BA in international relations from the University of Pennsylvania.

The company has granted an aggregate of 5,275,000 stock options to its directors, officers, employees and consultants for the purchase of up to 5,275,000 common shares of the company pursuant to its stock option plan. Each option is exercisable for a period of five years at a price of 17.5 cents per common share.

About Arctic Star Exploration Corp.

The company owns 100 per cent of the recently acquired Timantti diamond project, including a 243-hectare exploration permit and a 95,700-hectare exploration reservation near the township of Kuusamo in Finland. The company also controls diamond exploration properties in Nunavut (Stein) and the Northwest Territories (Diagras and Redemption) as well as a rare metal project in British Columbia (Cap).

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