North of 60 Mining News - The mining newspaper for Alaska and Canada's North

TSXV: NAR

Chairman, President and CEO:

D. Grenville Thomas

Vice President Exploration: Gordon Clarke

North Arrow Minerals Inc., organized in February 2007 by Strongbow Exploration Inc., is a northern-focused exploration company with a diversified portfolio of gold, silver, base metal, rare metal and diamond properties.

North Arrow's exploration activities are conducted under the direction of a management team that has extensive and successful experience in northern Canada.

North Arrow's current focus is its Phoenix property in the Aylmer Lake area of the Northwest Territories.

The Phoenix property contains the lithium-rich Big Bird pegmatite dike.

The demand for lithium is expected to exceed known supplies with increased demand driven by the automotive industry's production of electric cars utilizing lithium-ion batteries.

Channel samples have been collected at 10 different locations from the Big Bird pegmatite over a strike length of 1,100 meters.

Lithium is contained in the mineral spodumene and the channel sample assays results range from 0.57-3.13 percent lithium oxide.

In total, 25 meters of channel samples were collected returning a composite grade of 1.63 percent lithium oxide.

The Big Bird pegmatite dike is northwest trending and is intermittently exposed along a strike length of more than 1,200 meters, with observable widths of up to 80 meters.

Outcrops are interpreted to represent the centre of the dike as the margins of the pegmatite and contacts with adjacent country rock are covered by overburden and water.

A total field magnetic survey finished in December 2008 suggests the Big Bird pegmatite crosscuts a complex, broad, positive, semicircular, total field magnetic anomaly.

This anomaly is interpreted to represent the differentiated margin of a granitoid complex.

The Big Bird pegmatite occurs within, or is proximal to a linear trend, defined as a total field magnetic low, that crosscuts the broader positive anomaly.

The property contains a number of similar unexplored geophysical signatures.

In March 2009, North Arrow staked an additional mineral claim to expand the Phoenix lithium project and provide complete coverage of the intrusive complex associated with the Big Bird pegmatite.

The junior also was notified by Stornoway Diamond Corp. that kimberlite fragments had been tentatively identified in one of two till samples collected in the fall of 2008 from North Arrow's 25 percent-owned Hammer joint venture property in Nunavut.

A new kimberlite was subsequently discovered on the property during a field program in July.

In April, North Arrow staked several additional lithium prospects in the Reid Lake area of the Northwest Territories.

In July, the junior discovered spodumene-bearing pegmatites at six new localities within the Phoenix lithium project.

In August, the company began another 800-meter drilling program at the Phoenix lithium project.

North Arrow also announced an exploration drill program at its Canoe Lake base metal project in Nunavut.

The program is being financed and operated by Minerals and Metals Group under terms of an option agreement.

The Canoe Lake property is located within the High Lake greenstone belt, about 25 kilometers south of MMG's High Lake base metal project.

Cash and short-term deposits:

C$249,056 (at April 30, 2009)

Working capital:

C$144,200 (at April 30, 2009)

Market capitalization: C$11.1 million

Suite 860 - 625 Howe St.

Vancouver, BC Canada V6C 2T6

Tel: 604-668-8355

Fax: 604-668-8366