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TSX-V: ADD
Frankfurt: 82A1
WKN: A2DFY5
July 17, 2020

Arctic Star Announces Extension of Private Placement
July 17, 2020 - Vancouver, British Columbia - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") announces
---> that the TSX Venture Exchange (the "TSX-V") has granted a thirty (30) day extension to the Company for completion of 
--->its non-brokered private placement (the "Private Placement"), previously announced in its News Release of June 2, 2020
--->.
The terms of the Private Placement provide for the issuance of up to 26,000,000 Units at a price of $0.025 per Unit, f
--->or gross proceeds of up to $650,000.  Each Unit will be comprised of one common share in the capital of the Company (e
--->ach, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"). Each Warrant will entitle the hol
--->der 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.
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 complete our planned private placement and our planned us
--->e of proceeds. 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.  Factors that could affect our plans include
---> our potential inability to raise funds as intended, and in such event we may require all funds raised, if any, to be 
--->used for working capital rather than the intended uses as outlined. Accordingly, readers should not place undue relian
--->ce on forward&#a{€ €}{:  };looking statements. Arctic Star undertakes no obligation or responsibility to upd
--->ate forward&#a{€ €}{:  };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.