North Arrow Commences 2014 Qilalugaq Project Bulk Sampling Program

North Arrow Commences 2014 Qilalugaq Project Bulk Sampling Program 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: North Arrow Minerals Inc. 
TSX VENTURE SYMBOL:  NAR 
JULY 10, 2014 
North Arrow Commences 2014 Qilalugaq Project Bulk Sampling Program 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 10, 2014) - 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
Stornoway). 
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. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
North Arrow Minerals Inc.
Ken Armstrong
604-668-8355 or 604-668-8354
www.northarrowminerals.com 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
SUBJECT:  MEX 
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