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--->its (June 2, 2020).DOCX'


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TSX-V: ADD
Frankfurt: 82A1
WKN: A2DFY5
June 2, 2020

Arctic Star Announces Private Placement
June 2, 2020 - Vancouver, British Columbia - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") announces 
--->a non-brokered private placement (the "Private Placement") of up to 26,000,000 units (the "Units") at a price of $0.02
--->5 per Unit, for gross proceeds of up to $650,000.  Each Unit will be comprised of one common share in the capital of t
--->he Company (each, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"). Each Warrant will en
--->title the holder 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 $0.05. 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.
"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 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.