North Arrow Grants Stock Options

Suite 860 – 625 Howe Street, Vancouver, BC, Canada V6C 2T6 Tel: 604 668 8355 / Fax: 604 668 8366

News Release

NORTH ARROW GRANTS STOCK OPTIONS

May 12, 2011 Trading Symbol: TSXV: NAR #11-04

North Arrow Minerals Inc. (NAR: TSXV) announces that, pursuant to North Arrow’s Stock Option Plan, the Company has granted a total of 1,220,000 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 $0.20 per share and can be exercised until May 12, 2016.

North Arrow Minerals Inc.

/s/ “Brian McEwen”

Brian McEwen President and COO

For further information, please contact:

Brian McEwen President and COO Tel: 604-681-5543 Email: [email protected] Website: www.northarrowminerals.com

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.