NAR North Arrow Minerals Inc

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North Arrow Minerals Inc.
Ken Armstrong
604-668-8355 or 604-668-8354
www.northarrowminerals.com

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