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File: ADD news release Sale of CAP Property January 2019.DOCX

TSX-V: ADD
 
 Frankfurt: 82A1.F
OTCQB: ASDZF
 
 January XX, 2019
 
 

ARCTIC STAR ANNOUNCES SALE OF CAP PROPERTY

February 11, 2019 - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") is pleased to announce that it has 
--->sold all its interest in the Carbonatite-Syenite Complex CAP Property, located approximately 80 km northwest of Prince
---> George, B.C. The total Property now exceeds 10,482 hectares and was last worked by the Company in 2017. See the Compa
--->ny's news release dated August 8th, 2017. 

The sale was made to a private British Columbia company, Eagle Bay Resources Corp., for a large equity position in tha
--->t company of 17,000,000 common shares, which is a controlling stake. The sale allows Arctic Star to focus solely on di
--->amond exploration, development and production at its various diamond exploration properties, which is the core of its 
--->business and assets. The sale gives Arctic Star the opportunity to retain an interest in a promising rare earth elemen
--->t property but none of the responsibilities of developing or financing it.  

About Arctic Star

The Company owns 100% of the Timantti Diamond Project including a 243 Ha Exploration Permit and a 190,000 Ha Explorati
--->on Reservation near the township of Kuusamo, in Finland. The project is located approximately 550km SW of the operatin
--->g Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four dia
--->mondiferous kimberlite bodies may represent the first discoveries in a large kimberlite field. The Company also contro
--->ls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption).

Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond d
--->iscoveries.

ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.

Patrick Power, President and CEO +1 (604) 218-8772

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.