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File: ARCTIC STAR News Releaseannouncing extension of private placement (Marc....docx

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 TSX-V: ADD
 
 
 Frankfurt: 82A1
WKN: A2DFY5
 
 
 March 11, 2019
 
 
Arctic Star Announces Extension of Private Placement and Increase in Offering

March 11, 2019 - Vancouver, British Columbia - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") is pleas
--->ed to announce that the TSX Venture Exchange (the "TSX-V") has granted a three (3) week extension to the Company for c
--->ompletion of its non-brokered private placement (the "Private Placement"), previously announced in its News Releases o
--->f January 24, 2019, January 25, 2019 and January 30, 2019.
The Company has closed a first tranche of the Private Placement whereby the Company issued 5,840,000 units (the "Units
--->") for aggregate gross proceeds of $292,000.
The terms of the Private Placement provide for the issuance of up to 12,000,000 Units at a price of $0.05 per Unit, fo
--->r gross proceeds of up to $600,000.  Each Unit will be comprised of one common share in the capital of the Company (ea
--->ch, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"). Each Warrant will entitle the hold
--->er to purchase one additional Share in the capital of the Company (each, a "Warrant Share") for a period of 24 months 
--->from the closing date at an exercise price of $0.08.
The Company further announces that it has increased the number of Units to be issued, such that it will issue up to 17
--->,000,000 Units for proceeds of up to $850,000.
Finder's fees or brokers' commissions may be paid in accordance with TSXV policies.
All securities will be subject to a four-month hold period from the closing date. The Private Placement is subject to 
--->TSXV approval. 
The Company intends to use the proceeds from the Private Placement for development of the Company's Finland project an
--->d for general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.
"Patrick Power"
Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca


This news release contains "forward-looking statements" including but not limited to statements with respect to Arctic
---> Star's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking stateme
--->nts, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause
---> actual results to be materially different from those expressed or implied by such forward-looking statements, includi
--->ng but not limited to the risk that the Company is unable to close further tranches of the planned private placement a
--->nd the Company's plan to use all or some portion of the proceeds for exploration of the Foriet Diamond Property. There
---> can be no assurance that such statements will prove to be accurate, as actual results and future events could differ 
--->materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward
--->-looking statements. Arctic Star undertakes no obligation or responsibility to update forward-looking statements, exce
--->pt as required by law. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.