Mr. Patrick Power reports

ARCTIC STAR ANNOUNCES PRIVATE PLACEMENT

Arctic Star Exploration Corp. has arranged a financing of up to $400,000, with units to be issued at four cents. Each unit will comprise one share and one share purchase warrant. Each warrant will permit the holder to acquire one additional share at a price of five cents for a period of 24 months after closing. The financing is subject to TSX Venture Exchange approval and, in particular, a waiver of the TSX-V requirement for financings to be priced at five cents or less.

Approximately $290,000 will be expended on exploration and maintenance on the company's T-Rex and Triceratops properties in the Northwest Territories, approximately $40,000 in bookkeeping and accounting services, approximately $40,000 for regulatory and legal fees, and approximately $30,000 in rent. This financing will permit the company to continue its exploration activities into the 2016 season.

Finders' fees may be paid in accordance with TSX Venture Exchange policies.