Mr. Robert Card reports

EXPLORATION RESULTS ON ROBERTS LAKE, QUEBEC IDENTIFIES UP TO 63.8% FE IRON ORE MINERALIZATION

Arrowstar Resources Ltd.'s Phillip Thomas, vice-president of exploration and director, has completed the chemical analysis on the rock chip samples collected at the Roberts Lake property in Ungava region, Quebec, Canada. This property is on a category 2 land classification where mining is permitted. The results are very encouraging. The chemistry of the top six samples is as shown in the attached table.

                Sample -- per cent            Target value 
         1     2      3      4      5      6            (%)

Fe    63.7  51.4  45.03  49.97  40.78  40.44           >40
S    0.002 0.016  0.004  0.001  0.006  0.007         <0.08
P    0.014 0.006   0.01  0.002  0.004   0.01         <0.08
SiO2   9.5 27.05  36.23  27.76  41.32  40.23            <7
Al2O3 0.13  0.07   0.14   0.13   0.08   0.15            <3
CaO   0.05  0.06   0.65   0.75   0.71   0.82          <1.0
K2O  0.008     0  0.027      0      0  0.014          <1.0
Ti       0     0      0      0      0      0          <2.0
V    0.007 0.004  0.003  0.004  0.001  0.002          <1.0
Mn   0.079  0.18  0.071  0.486  0.174  0.234          <1.0
 

Full assay results are available on the company's website. The high silica can be removed when the ores are crushed to the correct size for export. Sample one has the correct specification for direct shipping without any beneficiation. The geophysics survey will determine the likely extent of this section of the mineralization. The known deposits and more prospective areas are those areas where the iron formation has been deformed and is now flat lying or slightly dipping with a strike to the north-northeast. This is where sample one was collected. Samples are being prepared for the Davis Tube test that will indicate the magnetic beneficiation suitability. These results will be released when they become available. Phillip Thomas, BSc, MBus, MAIG, a qualified person under National Instrument 43-101, has reviewed the content of this release.

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