Mr. Patrick Power reports

ARCTIC STAR RECEIVES FIRST RESULTS FROM 2019 PROGRAM IN FINLAND

Arctic Star Exploration Corp. has received preliminary results from its regional esker sampling program from its 100-per-cent-owned Timantti project in Finland. The Timantti project comprises two exploration permits surrounded by two exploration reservations totalling 193,700 hectares near the township of Kuusamo. Last year, the company located three diamondiferous kimberlite bodies within the exploration permit, named White, Black and Grey Wolf, respectively, and three kimberlite dikes. Fusion from 409.3 kilograms of kimberlite from these new discoveries yielded 1,032 diamonds. Preliminary results from the esker sampling have highlighted at least three separate areas away from the known kimberlites anomalous in diamond indicator minerals; strong evidence suggests there are many more kimberlites to be found. Kimberlite is the volcanic rock which hosts diamonds and predominantly occurs in groupings averaging a minimum of 30 pipes.

Eskers are the sand gravel remnants of subglacial melt water river systems dating from the end of the ice age. The company used the publicly available lidar surveys completed by the Finnish government to map and identify the eskers and plan the sampling program. The company subsequently collected 19 samples that were distributed as evenly as possible within the exploration reservations. The main purpose of the esker sampling was to determine the areal extent of the kimberlite field as efficiently as possible.

Encouragingly, the esker samples near the known kimberlites light up with diamond indicator minerals. A similar anomaly occurs in an esker system 20 kilometres to the northeast of the Wolf kimberlites and two other anomalies occurs 20 kilometres and 40 kilometres south-southeast of the Wolf kimberlites respectively.

The esker samples were processed at CF Minerals in Kelowna, B.C., using heavy liquids and magnetic separation. The results reported here are from observing and probing 50 per cent of the silicate minerals found in the concentrates. The results for the remaining 50 per cent and the oxide minerals are awaited.

The four esker anomalies comprise pyrope, garnet, fosteritic olivine, clinopyroxene and orthopyroxene with chemistry consistent as being derived from the deep lithosphere.

These new areas will be followed up by closer-spaced esker sampling and till sampling and will allow the company to focus planned airborne geophysical surveys.

A program of geophysics and testing magnetic anomalies with an excavator has commenced. Results are expected within three to four weeks and will be reported as received.

Kimberlites with significant diamonds will be slated for diamond drill testing to determine size and promising magnetic anomalies that could not be trenched due to till depth will also be drill tested.

Qualified person

The technical data in this news release has been reviewed and approved by Buddy Doyle, a diamond geologist with over 30 years of experience, a qualified person under the provisions of National Instrument 43-101.

About Arctic Star Exploration Corp.

Arctic Star 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).

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