Mr. Ken Armstrong reports

NORTH ARROW EXPANDS THE MEL DIAMOND PROJECT, NUNAVUT TO OVER 56,000 HA

North Arrow Minerals Inc. has significantly increased the size of its 100-per-cent-owned Mel diamond project from 7,500 hectares to 56,075 hectares. Claim staking was initiated as a result of North Arrow's September, 2017, discovery of a new diamond-bearing kimberlite field at Mel, located within 20 kilometres of tidewater on the Melville peninsula, Nunavut. North Arrow made the prospecting discovery of the ML-8 kimberlite near the up-ice termination of a well-defined kimberlite indicator mineral (KIM) train in the northern part of the project area (Mel north). A 62.1-kilogram sample of the ML-8 kimberlite returned 23 diamonds larger than the 0.106-millimetre sieve size, including a single, colourless diamond larger than the 0.85 mm sieve size. Details of the discovery were reported in North Arrow news release No. 17-12 dated Oct. 16, 2017.

Ken Armstrong, president and chief executive officer of North Arrow, commented: "The expanded Mel project connects the Mel north area with the Mel south KIM anomaly, approximately 15 kilometres southwest of the ML-8 kimberlite discovery. Mel is highly prospective for additional kimberlite and diamond discoveries in 2018 with exploration work, including drilling, scheduled to commence in May."

Exploration drilling will focus on defining the ML-8 kimberlite, as well as testing a series of targets at the head of three well-defined KIM trains in the Mel north area. A study of till and other glacial deposits is presently under way, intended to better understand the Quaternary (or glacial) geology and terrain within the expanded project, in particular the central project area between the Mel north and Mel south KIM trains. This central area has seen very little previous till sampling and is interpreted as having a complex glacial history. Results from the study will be used to plan a follow-up till sampling program during the summer of 2018 to better define the Mel south KIM train and to identify new KIM targets within the property.

Mr. Armstrong continued: "The ML-8 kimberlite discovery is a highlight of North Arrow's 2017 exploration programs. Since becoming a diamond-focused explorer in 2013, North Arrow is the only junior exploration company to discover a kimberlite field in Canada, having now discovered two of the five kimberlite fields found during that period. In addition to drilling at Mel, North Arrow is well positioned for further discovery in 2018 with spring drill programs planned at the Loki and LDG projects in the Northwest Territories as well as pending diamond results from a 210-tonne mini-bulk sample collected from the Q1-4 kimberlite at the Naujaat project."

North Arrow's diamond exploration programs are conducted under the direction of Mr. Armstrong, a qualified person under National Instrument 43-101. Mr. Armstrong has reviewed the contents of this press release.

About North Arrow Minerals Inc.

North Arrow is a Canadian-based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada; it is currently evaluating a number of projects, including the Naujaat (formerly Qilalugaq) (Nunavut), Mel (Nunavut), Pikoo (Saskatchewan), LDG (Northwest Territories) and Loki (Northwest Territories) diamond projects. North Arrow also maintains a 100-per-cent interest in the Hope Bay Oro gold project (Nunavut), located approximately three kilometres north of TMAC Resources' new Doris gold mine.

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