Mr. Scott Eldridge reports

ARCTIC STAR ANNOUNCES DIAMOND RESULTS FROM BLACK AND GREY WOLF KIMBERLITES, TIMANTTI PROJECT, FINLAND

Arctic Star Exploration Corp. has received the final caustic fusion diamond results from drill testing the Black and Grey Wolf kimberlites, obtained from the 2018 spring diamond drilling program. The results for the Black Wolf kimberlite from 349.75 kilograms of split HQ size drill core are shown in a table in this news release, the results from Grey Wolf are shown in the other attached table.

                      MICRO DIAMOND ASSAY RESULTS, BLACK WOLF KIMBERLITE

Kimberlite Sample weight Kg    +0.106mm  +0.15mm  +0.212mm  +0.3mm  +0.425mm  +.60mm  +.85mm  +1.18mm   Total stones

Black Wolf           349.75         267      138        87      45        16       3       3        0            559
  
Notes: Results are from SRC of Saskatoon. SRC is independent of the issuer. A chain of custody protocol was used. 
Sample weights are dry weights. SRC is an ISO 9000 laboratory.

                      MICRO DIAMOND ASSAY RESULTS, GREY WOLF KIMBERLITE

Kimberlite        Sample weight Kg +0.106mm +0.15mm +0.212mm +0.3mm +0.425mm  +.60mm +.85mm +1.18mm  Total stones

Grey Wolf (drill)           101.66       29      14       13      8        1       1      0       0            66 
Grey Wolf (trench)           99.98       28      18       20      8        1       2      0       1            78
Total                       201.64       57      32       33     16        2       3      0       1           144

Notes: Results are from Microlithics. Microlithics is independent of the issuer. A chain of custody protocol was 
used. Sample weights are dry weights. Microlithics is an ISO 9000 laboratory.

A diamond that sits on the 0.85-millimetre sieve was also reported from the Grey Wolf trench samples in an 18-kilogram sample sent for indicator mineral analysis.

                        MICRO DIAMOND ASSAY RESULTS, WHITE WOLF KIMBERLITE

Kimberlite Sample weight Kg +0.106mm  +0.15mm +0.212mm +0.3mm +0.425mm  +.60mm +.85mm +1.18mm  Total stones

White Wolf           409.93      516      253      136     81       27      16      7       5         1,032

Notes: Results are from Microlithics and SRC laboratories, both independent of the issuer.  A chain of 
custody protocol was used. Sample weights are dry weights. Microlithics and SRC are ISO 9000 laboratories.

Arctic Star completed first pass exploration and delineation drilling on the Timanitti diamond project in March this year and located four separate kimberlites. This release completes results expected from this drill program. The table showing the results from the White Wolf kimberlite are also given here for completeness and easy comparison.

Arctic Star's management and exploration team are pleased to see that each of the kimberlites discovered to date contain diamonds and are significantly mineralized when compared with other exploration projects worldwide at this stage of exploration. Based on laboratory descriptions of the diamonds the majority are white in colour and octahedral in shape. Colours are described as white, brown and grey.

Diamond-bearing wolves

The positive results from the Wolf kimberlites are such that further evaluation work is warranted. These kimberlites where drilled from the perceived centre of the kimberlite to obtain the maximum amount of kimberlite for diamond analysis. This drilling has shown that the wolves are not vertical pipes but bodies dipping to the north-northeast at approximately 35 degrees. The wolves occur in a linear east-west trend 300 m long with Grey Wolf in the west and White Wolf in the east. The best interpretations to date are that these kimberlites are blows along a feeder dike or a fault-displaced semi-continuous sill. The next step is to further delineate the wolves with angled drill holes from the north to intercept the dipping kimberlite. This work would outline the tonnage and allow planning for bulk sampling.

Main focus, more kimberlites

However, further exploration of the Wolf kimberlites is seen as secondary. Since kimberlites predominantly occur in groups or families averaging 30 members or more, the main focus will be finding more kimberlites. Thereafter, the kimberlites will be prioritized based on their diamond content. The logistics of bulk sampling a number of kimberlites are superior to sampling a few and it is wiser to sample the best first. Thus, the main task of the next phase of exploration will be geophysics, till sampling, excavator sampling and drilling to discover new kimberlites. There is strong evidence that there are more kimberlites in the area from the till sampling.

Ground and unmanned aerial vehicle airborne geophysics have revealed numerous magnetic targets similar to the anomalies over the wolves. Management is confident that more kimberlites will be found. One of the prime targets will be drilling existing magnetic anomaly along the east-west extension of the wolves.

The company plans to mobilize the excavator and ground geophysical crews in November, with drill testing in early 2019.

Qualified person

The qualified person for this news release is Buddy Doyle, AUSIMM, a geologist with over 30 years of experience in diamond exploration, discovery and evaluation.

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 193,700-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. 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).

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