Mr. Kenneth Armstrong reports

NORTH ARROW ACQUIRES 100% INTEREST IN LDG PROPERTY, NWT

North Arrow Minerals Inc. has concluded an agreement with Arctic Canadian Diamond Company under which the Lac de Gras joint venture has been terminated and North Arrow has acquired Arctic's joint venture interest in the Lac de Gras property, Northwest Territories. As a result, North Arrow retains a 100-per-cent interest in the Lac de Gras property, including responsibility for the fully permitted exploration camp on the property.

This summer, North Arrow intends to evaluate the lithium potential of the property, particularly in the area of two spodumene pegmatite showings noted by Geological Survey of Canada mappers in the 1940s.

North Arrow has agreed to purchase certain exploration data related to historic lithium exploration in the Northwest Territories. North Arrow has agreed to pay the arm's-length vendor 200,000 common shares of North Arrow at a deemed value of 6.5 cents per share. The issuance of the shares to the vendor is subject to the approval of the TSX Venture Exchange.

About North Arrow Minerals Inc.

North Arrow is a Canadian-based exploration company focused on the identification and evaluation of lithium and other exploration opportunities in Canada. North Arrow's management, board of directors and advisers have significant successful experience in the global exploration and mining industry. North Arrow is evaluating spodumene pegmatites at its 100-per-cent-owned DeStaffany lithium project, located on Great Slave Lake in the Northwest Territories, and is also exploring for lithium in the Northwest Territories and Nunavut at the LDG property, Bathurst Inlet pegmatite field and on Baffin Island, and continues work to identify additional lithium exploration opportunities in Northern Canada. North Arrow also owns interests in the Naujaat (Nunavut), Pikoo (Saskatchewan), Mel (Nunavut) and Loki (Northwest Territories) diamond projects and maintains a 100-per-cent interest in the Hope Bay Oro gold project, located approximately three kilometres north of Agnico Eagle's Doris gold mine, Nunavut. North Arrow's exploration programs are conducted under the direction of Kenneth Armstrong, PGeo, president and chief executive officer of North Arrow, and a qualified person under National Instrument 43-101. Mr. Armstrong has reviewed and approved the technical contents of this news release.

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