North Arrow Announces Appointment of Eira Thomas as Chair of the Board of Directors

Suite 960 – 789 West Pender Street, Vancouver, BC, Canada V6C 1H2

Tel: 604-668-8355

News Release

NORTH ARROW ANNOUNCES APPOINTMENT OF EIRA THOMAS

AS CHAIR OF THE BOARD OF DIRECTORS

February 28, 2024 Trading Symbol: TSXV: NAR #24-03

North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to announce that Eira Thomas has been appointed

as Chair of the Board of Directors, effective February 28, 2024. Ms. Thomas succeeds D. Grenville (Gren) Thomas, who will

remain as a director after 17 years as the Company's Chair.

Ken Armstrong, President and Chief Executive Officer of North Arrow, stated, "We are very pleased to welcome Eira Thomas

to North Arrow as Chair of the Board of Directors. Eira has a long and successful track record in the resource sector, in

particular with identifying and building out opportunities in the junior mining space." Mr. Armstrong continued: "I’d like to

extend my thanks and appreciation to Gren for his past guidance as Chair and look forward to his continued involvement as

a director of the company.”

Ms. Thomas, Chair of North Arrow’s Board, stated: "As a long-time advisor and supporter of North Arrow, I am delighted to

join the Company as Chair and help guide management through their ongoing strategy of evaluating lithium occurrences

identified on three properties in 2023, extracting value from the Company’s portfolio of legacy diamond properties, and

identifying new, compelling exploration and development opportunities in Canada."

Ms. Thomas brings more than 30 years of experience in the mining industry, particularly in the diamond, gold and energy

spaces. She has held executive and board positions with a number of companies over that period, including Aber Diamond

Corp., Stornoway Diamond Corp., Kaminak Gold Corp., and Lucara Diamond Corp ., as well as 17 years as a director of

Suncor Energy.

Pursuant to North Arrow’s stock option plan, North Arrow has granted 500,000 incentive stock options to a director. Each

incentive stock option is exercisable into one common share of the Company, has an exercise price of 8 cents per share, and

can be exercised until February 28, 2029.

About North Arrow Minerals

North Arrow is a Canadian based exploration company focused on the identification and evaluation of lithium and other

exploration opportunities in Canada. North Arrow’s management, board of directors and advisors have significant successful

experience in the global exploration and mining industry. North Arrow is evaluating spodumene pegmatites at its 100% owned

LDG, MacKay, and DeStaffany Lithium Projects (NWT), is exploring for lithium in Nunavut at the Bathurst Inlet pegmatite

field and continues work to identify additional lithium exploration opportunities in northern Canada. North Arrow also owns

interests in the Naujaat (NU), Pikoo (SK), and Loki (NWT) Diamond Projects and maintains a 100% interest in the Hope Bay

Oro Gold Project, located approximately 3 km north of Agnico Eagle’s Doris Gold Mine, Nunavut. North Arrow’s exploration

programs are conducted under the direction of Kenneth Armstrong, P.Geo. (NWT/NU, ON), President and CEO of North

Arrow and a Qualified Person under NI 43-101.

North Arrow Minerals Inc.

/s/ “Kenneth A. Armstrong”

Kenneth Armstrong

President and CEO

For further information, please contact:

Ken Armstrong or Nick Thomas

Tel: 604-668-8354 or 778-229-7194

Website: www.northarrowminerals.com

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 vari ations 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.