Arctic Star Identifies Diamond Targets for Drilling in the

Arctic Star Identifies Diamond Targets for Drilling in the Prolific
Lac de Gras Area, NWT Diamond Fields 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/13 -- Arctic
Star Exploration Corp. (TSX VENTURE:ADD) (the "Company" or "Arctic
Star") is pleased to expand on its plans to reignite its diamond
exploration activities in the Lac de Gras diamond fields in the
Northwest Territories (NWT), Canada. 
The Company's focus involves recently-staked claims in the Lac de
Gras area that were acquired, as per the news release dated October
1, 2012. Notably, these claims are at the head of Arctic's prominent
diamond indicator mineral train just to the east of the project area
that was extensively explored by the Company between 2004 and 2010. 
This mineral indicator dispersion train has been named "the South
Coppermine Train". Its source has yet to be discovered. The key may
lie in Arctic's newly staked ground "The Redemption Project". The
Company was aware of a compelling geophysical target after reviewing
open file government assessment data. This target is 800 metres from
the head of the South Coppermine Train and just 400 metres from the
old project boundary. Management waited patiently for the ground to
become unoccupied and staked it when it became available. 
In the Lac de Gras area, there are already three producing diamond
mines, Ekati (32 km from Arctic Property), Diavik (47 km from Arctic
property), and Snap Lake (97 km distant). These are comprised of a
number of economic diamond kimberlite pipes and dykes within a
prolific diamond field consisting of more than 200 kimberlites. The
Ekati mine began production in 1998, while Diavik was commissioned in
2003, and Snap Lake in 2008. 
Many of the kimberlites in this field exhibit prominent mineral
indicator trains, formed during the last Ice Age. This was at a time
when thick glaciers eroded the near-surface portions of the
kimberlites and disbursed many of the contained minerals "down ice"
for many kilometers. 
The South Coppermine indicator mineral train has excellent diamond
indicator mineral chemistry. It includes numerous pyrope garnets,
high-magnesium ilmenites, chrome diopsides, chromite, and eclogitic
garnets. All of these indicator minerals exhibit compositions that
are related to strong diamond mineralization. Furthermore,
micro-diamonds were recovered from this train, confirming the source
is mineralized with diamonds. The indicator minerals are also very
angular, have soft alteration coats and some are even attached to
kimberlite, all evidence that the source is close by. 
The new Redemption Project, 100% owned by Arctic Star, encompasses a
distinct DIGHEM (frequency domain heliborne electromagnetic) anomaly,
titled the "South Coppermine target". 
During the Lac de Gras "Diamond Rush" in the 1990s, many kimberlites,
including the economic pipes at Diavik were found by drilling similar
electromagnetic anomalies. The location of this 180-metre by
120-metre anomaly at the direct head of the South Coppermine
Indicator mineral train, provides a compelling reason to management
to drill. 
It is acknowledged that there can be other geological sources that
create EM anomalies and drill success is not guaranteed; however, the
South Coppermine target presents a response that has characteristics
of a vertical "pipe like" body. Other unwanted EM anomaly sources,
such as graphite and massive sulphites, typically have a discernible
dip and plunge, which are not apparent in the South Coppermine
geophysical data. 
The Company also commissioned a Max-Min ground EM survey which
successfully pinpointed the target on the ground with enough accuracy
to allow a drill set up. Drill testing will commence as soon as the
necessary permits are in-hand, which the Company expects to obtain in
the latter part of the first quarter of 2013. If a kimberlite is
intersected, an approximate one-tonne sample of material will be
collected and sent for micro-diamond analysis. 
The Company has also identified additional geophysical targets within
the Company's claim block, which also will be drill-tested during the
upcoming spring exploration program. 
The Company feels these developments are well-timed as there is
renewed diamond interest in the Lac de Gras area with the November
13, 2012 announcement by Harry Winston detailing an offer to purchase
the Ekati Diamond operation from BHP Billiton for $500 million. 
In addition, Harry Winston's news release states: "While the current
mine plan is for an additional seven years of production, there are
additional resources which could become economic with increased
diamond prices." Both Diavik and Ekati will need new resources to
sustain their business in the long term. To date the Ekati and Diavik
mines combined have produced over $25 billion in diamonds. 
The author of this new release is Buddy Doyle, MAusIMM, a geologist
of 30 years experience, 20 years of which is in diamond exploration.
The qualified person is Kevin Kivi, P.Geol., a geologist with 20
years experience in diamond exploration. 
The Company also encourages the reader to visit our website for an
updated Company presentation, which includes maps, as well as
compelling geophysical and geochemical data. To see images of the
South Coppermine Target please visit the Company's web site at 
Patrick Power, President 
Forward-Looking Statements 
This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events such as: (a) the closing of the option amendment; and
(b) the likelihood that the property has gold or other commercial
mineralization. Such forward-looking information can include
statements based on current expectations involving a number of risks
and uncertainties and are not guarantees of future performance of
Arctic. Factors which can materially change the results of the
forward looking statements include factors such as the approval of
the transaction by the Exchange, our ability to raise financing to
pay our obligations, our ability to contract equipment and labor,
current economic conditions and the state of mineral exploration and
mineral prices in general . These risks and uncertainties could cause
actual results and Arctic's plans and objectives to differ materially
from those expressed in the forward-looking information. These and
all subsequent written and oral forward-looking information are based
on estimates and opinions of management on the dates they are made
and expressly qualified in their entirety by this notice. Except as
required by law, Arctic assumes no obligation to update
forward-looking information should circumstances or management's
estimates or opinions change. 
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. 
Arctic Star Exploration Corp.
Patrick Power
(604) 689-1799
(604) 689-8199 (FAX)
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