Mr. Patrick Power reports

ARCTIC DISCOVERS MORE KIMBERLITES, BY EXCAVATOR, TIMANTI PROJECT, FINLAND

Arctic Star Exploration Corp.'s recent trenching work, by excavator, on its Timantti project, Finland, has resulted in the discovery of two new kimberlites.

These kimberlites occur near the Vasa dikes also discovered by Arctic Star by excavator in 2018 and located two kilometres north of the Wolf (Black, Grey and White Wolf) kimberlites.

The recent excavator has exposed two new heavily weathered clayey kimberlite bodies both less than 1.5 metres from the land surface in a heavily forested area. The bodies are located approximately 140 metres and 450 metres (named Karhu) respectively west of the 2018 Vasa dike discoveries and do not appear to be physically connected to these dikes. The Karhu (bear in Finnish) discovery has been confirmed as kimberlitic by the GTK (Geological Survey of Finland) scientists in Helsinki, whom the company has engaged to assist in the exploration program. Final confirmation of the Plug body awaits GTK confirmation and laboratory analysis.

The Karhu body comprises yellowish-coloured clayey kimberlite (yellow ground) and had previously been identified as a target in the detailed ground magnetic surveys undertaken by the company's geophysical consultants. This yellow ground is very similar to that encountered at the Wolf Pack bodies to the south. The GTK scientists have confirmed the presence of garnets and pseudomorphs of olivine in the sample.

The yellow clayey material recovered from the Plug body appears to be identical to that found at Karhu and the company geologists are confident this is also a new kimberlite discovery.

This phase of the trenching program has involved the digging of a total of seven individual trenches covering approximately 400 metres of excavations. A total of 17 samples have been collected from these trenches (two from the Karhu and Plug bodies and a further 15 from other clay-rich zones also discovered in the trenches). All 17 samples will be sent to a local laboratory for detailed geochemical analysis. These samples are in transit to Helsinki.

These discoveries occur up ice of an anomalous till sample that contains numerous indicator minerals where electron microprobe results have indicated high potential for diamondiferous-source rocks up ice. The chemistry of the indicator minerals extracted from the diamondiferous 2018 Vasa dike discoveries did not match the chemistry of this till anomaly and the source of the high-quality indicator minerals remained to be discovered. This indicator mineral mismatch was thus strong evidence for the presence of as-yet undiscovered kimberlites up ice of the Vasa dikes and explaining why the company has persisted in exploring in this area. The company is now waiting to find out if these new kimberlite discoveries echo the chemistry of the positive till anomaly.

These new discoveries further serve to confirm that Arctic Star is dealing with multiple kimberlite occurrences in a field and bodes well for more discoveries. The current excavator work will continue into early August and will be followed up with ground geophysics and drilling.

The company is strategically planning to do more work through the fall to search for additional kimberlites and to define the size, shape and diamond content (with caustic fusion analysis) of these latest discoveries.

Buddy Doyle said: "I continue to be amazed that we can discover kimberlites using the very inexpensive excavator technique. This is the most efficient diamond exploration work I have been involved with in my 38 years of looking for economic diamond deposits. I thank our team in Finland led by Roy Spencer for their continued efforts."

The qualified person for this news release is Roy Spencer, fellow of the Australasian Institute of Mining and Metallurgy, a geologist of over 30 years of experience in diamonds.

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 95,700-hectare exploration reservation near the township 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 discoveries 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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