Mr. Scott Eldridge reports

ARCTIC STAR ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Arctic Star Exploration Corp. has closed its previously announced private placement as described in its news release dated May 30, 2018, for 1.13 million units at a price of 17 cents per unit for gross proceeds of $192,100. Each unit comprises one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of 25 cents. All securities are subject to a four-month hold period from the closing date.

The company intends to use the proceeds from the private placement for exploration on the Timantti and Diagras diamond projects and for general working capital.

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 town of Kuusamo in Finland. The project is located approximately 550 kilometres southwest of the operating Grib diamond mine in Russia. Arctic has commenced its exploration in Finland on the Timantti project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field.

We seek Safe Harbor.