North Arrow Commences 2014 Qilalugaq Project Bulk Sampling Program

North Arrow Commences 2014 Qilalugaq Project Bulk Sampling Program 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/10/14 --  North
Arrow Minerals Inc. (TSX VENTURE: NAR) ("North Arrow") is pleased to
announce the start of a bulk sampling program at the Qilalugaq
Diamond Project located near the hamlet of Repulse Bay (Naujaat),
Nunavut. The intent of the program is to recover a diamond parcel of
approximately 500 carats for the purpose of determining an initial
value estimate for the diamonds in the Q1-4 kimberlite. North Arrow
is funding the bulk sampling program as part of an option agreement
with Stornoway Diamond Corporation (TSX: SWY) ("Stornoway"). 
The 2014 program will include the collection of approximately 1,500
tonnes from the 12.5 hectare Q1-4 kimberlite, located seven
kilometres from tidewater on the Arctic Ocean and nine kilometres
from Repulse Bay. The sample is being collected by surface trenching
of an area of Q1-4 where there is limited (less than 1m) overburden
cover. In 2007, Stornoway collected (from hand dug pits) a 20.3 tonne
sample from this same area and recovered 6.1 carats of diamonds for a
sample grade of 30 cpht. The 2014 sample will be shipped south in
late August using the annual sealift from Repulse Bay and sample
processing is expected to commence in early October. The sample will
be processed for the recovery of commercial sized (+0.85 mm) diamonds
and the resulting diamond parcel will be used to better determine
diamond grade, size distribution, diamond parcel value and to
establish whether or not fancy yellow diamonds persist into the
larger diamond sizes. 
About the Qilalugaq Diamond Project 
The Qilalugaq Diamond Project comprises 7,143 hectares of land
located on the Rae Isthmus, which connects the Melville Peninsula to
mainland Nunavut. The property was originally staked by BHP Billiton
Diamonds Inc. and subsequently optioned by Stornoway in 2006.
Stornoway acquired a 100% interest in the project in 2010. A total of
eight kimberlite pipes (Q1-4, A34, A42, A59, A76, A94, A97 and A152)
have been identified within the project as well as a number of
laterally extensive kimberlite dyke systems. All kimberlites tested
to date, including seven of the kimberlite pipes, are diamondiferous
and occur within a 26 x 3 km structurally favourable corridor. The
Q1-4 kimberlite is the primary exploration target within the project
and hosts a total Inferred Mineral Resource of 26.1 million carats
from 48.8 million tonnes with an average +1 DTC total diamond content
of 53.6 carats per hundred tonnes (cpht) extending from surface to a
depth of 205m. Additional resource upside has also been identified in
the form of a target for further exploration for the Q1-4 kimberlite
pipe of between 7.9 to 9.3 million carats from 14.1 to 16.6 million
tonnes with an average +1 DTC total diamond content of 56.1 cpht,
extending from 205m depth to 305m depth (please see North Arrow news
release dated May 15, 2013 for details on this resource estimate).
The reader is cautioned that mineral resources that are not mineral
reserves do not have demonstrated economic viability. In addition,
the potential quantity and grade of any target for further
exploration is conceptual in nature; there has been insufficient
exploration to define a mineral resource, and it is uncertain if
further exploration will result in the target being delineated as a
mineral resource. 
North Arrow is currently working to earn an 80% interest in the
Qilalugaq Diamond Project by completing an option work program
consisting of the collection of a minimum 1,000 tonne sample from the
Q1-4 kimberlite. If North Arrow completes the option work program and
provides notice to Stornoway of its intent to vest an 80% interest in
the project, Stornoway has a one-time right (the "Back-in Right") to
buy-back a 20% interest in the project by paying to North Arrow an
amount equal to three times the costs incurred in connection with the
option work program (please see North Arrow news release dated April
29th, 2013 for additional details on the option agreement with
About North Arrow Minerals 
North Arrow is a Canadian based exploration company focused on the
identification and evaluation of diamond exploration opportunities in
Canada. North Arrow's management, board of directors and advisors
have significant successful experience in the Canadian diamond
industry. In addition to the Qilalugaq Project, North Arrow is also
evaluating each of the Pikoo (SK), Redemption (NWT), Lac de Gras
(NWT), Mel (NU), Luxx (NU) and Timiskaming (ON/QC) Diamond Projects. 
Qualified Person  
Kenneth Armstrong, P.Geo. (ON), President and CEO of North Arrow and
a Qualified Person under National Instrument 43-101, has reviewed and
approved the contents of this news release. 
North Arrow Minerals Inc.  
Kenneth Armstrong, President and CEO 
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release. 
This news release contains "forward-looking statements" including but
not limited to statements with respect to North Arrow's plans, the
estimation of a mineral resource and the success of exploration
activities. 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 related to the
successful integration of acquisitions; risks related to general
economic and market conditions; closing of financing; the timing and
content of upcoming work programs; actual results of proposed
exploration activities; possible variations in mineral resources or
grade; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes, title disputes, claims and
limitations on insurance coverage and other risks of the mining
industry; changes in national and local government regulation of
mining operations, tax rules and regulations. Although North Arrow
has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. 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. Accordingly, readers should not place undue reliance on
forward-looking statements. North Arrow undertakes no obligation or
responsibility to update forward-looking statements, except as
required by law. 
North Arrow Minerals Inc.
Ken Armstrong
604-668-8355 or 604-668-8354
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