Mr. Patrick Power reports

ARCTIC STAR ANNOUNCES LEI NUMBER

Arctic Star Exploration Corp. has been assigned the legal entity identifier (LEI) No. 529900OSM9TE7UUX2X19. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.

About the legal entity identifier (LEI)

The legal entity identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (such as companies, banks and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Borse Group has stated that, "The LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets, (but) it can also be utilized by counterparties internally for risk management purposes."

Arctic meets the requirement for all companies listed on German stock exchanges (such as the Frankfurt Stock Exchange) to have an LEI number by Jan. 3, 2018.

According to the website of the Deutsche Bourse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data, and indices.

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 project is located approximately 450 kilometres northwest of the operating Grib diamond mine in Russia. Arctic is commencing its exploration in Finland on the Timantti project, where two diamondiferous kimberlites may represent the first finds in a large kimberlite field. The company also controls diamond exploration properties in Nunavut (Stein), the Northwest Territories (Diagras and Redemption) and a rare metals project in British Columbia (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world-class diamond discoveries.