Mr. Patrick Power reports

ARCTIC STAR ANNOUNCES ROY SPENCER AS COUNTRY MANAGER FOR FINLAND

Arctic Star Exploration Corp. has appointed director Roy Spencer to the newly created position of country manager for Finland. Mr. Spencer will be managing the company's exploration activity on its newly acquired Timantti diamond project that lies within the highly prospective Karelian craton. Mr. Spencer's extensive background working within the Karelian craton includes leading the discovery of the Grib diamond mine that generated revenue of $340-million (U.S.) in 2016, and is the eighth-largest diamond mine in the world.

Mr. Spencer brings over 40 years of diamond exploration and discovery success to Arctic Star. Mr. Spencer is a member of the Geological Society of South Africa (GSSA) and a fellow of the AusIMM. Mr. Spencer joined De Beers in 1966 and has been involved with exploration and deposit evaluation for gemstones and other commodities throughout his career. Mr. Spencer's tertiary education was at the University of Natal and Rhodes University in South Africa. As technical director of Peregrine Diamonds, he discovered the first kimberlites on the Pilbara craton in Western Australia in 1989, and as leader of the owners' team for Archangel Diamond Corp. he was largely responsible for the discovery of the world-class Grib kimberlite in far northern Russia in February, 1996. In 1998, Mr. Spencer created and raised the seed finance for Ilmari Exploration Oy to explore for gold, base metals and diamonds on the Karelian craton in Finland. Ilmari went public in 2000 and discovered the Lentiira kimberlite cluster in central Finland in 2003.

In 2006, as chief executive officer of London-based diamond explorer European Diamonds, Mr. Spencer led the owners' team which brought the Liqhobong kimberlite in Lesotho into commercial production on time and under budget. In mid-2007, Mr. Spencer left European Diamonds, a company which had evolved into a successful mid-tier diamond producer and marketer after having raised 23 million British pounds over a six-year period. Since that time Mr. Spencer has continued in gemstone exploration and deposit evaluation in Africa, Finland and western Russia for a variety of junior and senior mining companies.

Mr. Spencer stated, "Having worked extensively in the Karelian craton throughout my career, I am excited to begin our exploration program at the highly advanced Timantti project, where we have begun ground geophysics followed by drilling."

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.

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