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NAR.V ·

North Arrow Grants Stock Options

Share Capital & Compensation

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

Tel: 604 668 8355 / Fax: 604 604 336 4813

News Release

NORTH ARROW GRANTS STOCK OPTIONS

June 23, 2017 Trading Symbol: TSXV: NAR #17-08

North Arrow Minerals Inc. (TSXV-NAR) announces that, pursuant to North Arrow's Stock Option Plan, the Company

has granted a total of 2,230,000 incentive stock options to Directors, Officers, Employees and consultants to the

Company. The stock options are exercisable to acquire one common share of North Arrow at $0.27 per share and can

be exercised until June 23, 2022.

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. North Arrow is currently evaluating a number of projects including the Naujaat (formerly

Qilalugaq) (NU), Mel (NU), Pikoo (SK), LDG (NT), and Loki (NT) Diamond Projects. North Arrow also maintains a 100%

interest in the Hope Bay Oro Gol d Project (NU), located approximately 3km north of TMAC Resources’ new Doris Gold

Mine. North Arrow’s exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo. (ON), President

and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. Armstrong has reviewed the contents of this press

release.

North Arrow Minerals Inc.

/s/ “Kenneth A. Armstrong”

Kenneth Armstrong

President and CEO

For further information, please contact:

Ken Armstrong

Tel: 604-668-8355 or 604-668-8354

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 variations in mineral resources or

grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitation s on insurance

coverage and other risks of the mining industry; changes in national and local government regulation of mining oper ations, 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.