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File: ARCTIC STAR News Releaseannouncing private placement of 12,000,000 Units.DOCX

ARCTIC STAR EXPLORATION CORP. 
1400 - 1111 West Georgia Street  Vancouver, BC, Canada V6E-4M3 Tel: (604) 689 - 1799 Fax: (604) 689 - 8199
Arctic Star Announces Non-Brokered Private Placement
January 24, 2019 - Arctic Star Exploration Corp. (TSXV:ADD) (the "Company" or "Arctic Star") announces a non-brokered 
--->private placement (the "Private Placement") of up to 12,000,000 units (the "Units") at a price of $0.05 per Unit, for 
--->gross proceeds of up to $600,000.  Each Unit will be comprised of one common share in the capital of the Company (each
--->, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder
---> to purchase one additional Share in the capital of the Company (each, a "Warrant Share") for a period of 24 months fr
--->om the closing date at an exercise price of $0.08. Insiders may participate in the Private Placement.
Finder's fees or brokers' commissions may be paid in accordance with TSX Venture Exchange ("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.

/s/ Patrick Power     Patrick Power, President and CEO

This news release contains "forward-looking statements" including but not limited to statements with respect to Arctic
---> Star's plans, the private placement and the use of proceeds. Forward-looking statements, 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, including but not limited to: risks rela
--->ted to the completion of our planned private placement and our plan to use all or some portion of the proceeds for dev
--->elopment of its Finland project. There can be no assurance that such statements will prove to be accurate, as actual r
--->esults and future events could differ materially from those anticipated in such statements. Factors that could affect 
--->our plans include the possibility that we can't get TSXV approval or we are unable to raise all of the funds we are se
--->eking to raise, in which event we may require all funds raised, if any, to be used for working capital rather than for
---> the Finland project; and our proposed use of proceeds is subject to receipt of TSXV approval.  Accordingly, readers s
--->hould not place undue reliance on forward-looking statements. Arctic Star undertakes no obligation or responsibility t
--->o update forward-looking statements, except 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.