North Arrow Identifies Drill Target at Loki Diamond Project, Nwt

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

Tel: 604-668-8355

News Release

NORTH ARROW IDENTIFIES DRILL TARGET AT LOKI DIAMOND PROJECT, NWT

March 09, 2021 Trading Symbol: TSXV: NAR #21-03

North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to announce it has identified a compelling drill target

at the head of a regional kimberlite indicator mineral train at its 100% owned Loki Diamond Project in the Lac de Gras region

of the Northwest Territories . The target has been identified from initial results of a recently completed ground geophysics

program that included gravity surveys of the north Loki area as well as kimberlite EG05.

The north Loki survey has outlined a new target at the up-ice termination of a prominent and unsourced regional kimberlite

indicator mineral anomaly that forms part of what has historically been known as the South Coppermine Train. Initial results

from the gravity survey define an elongate gravity low anomaly, over 400m long and 100m wide. The anomaly has a maximum

amplitude of approximately 0.35mGal, which is similar in strength to gravity anomalies associated with some of the known

kimberlites in the region, including EG05. See below for a preliminary image of the anomaly.

Loki Diamond Project – North Loki Gravity Anomaly (in blue), Lac de Gras, NT

Gravity

Low

Gravity

High

Ken Armstrong, President and CEO of North Arrow commented, “The size of this newly defined gravity anomaly, combined

with its location with respect to the regional kimberlite indicator mineral train, make it a compelling drill target. Past drilling

has tested other targets in the area, but not the anomaly itself. North Arrow is actively looking at potential timing and logistics

of drilling the target this spring to test for a kimberlite bedrock source.”

About the Loki Project

The Loki Project is located approximately 40 km west, and 35 km southwest of the Diavik and Ekati diamond mines,

respectively, and immediately west of North Arrow’s LDG Joint Venture Diamond Project with Arctic Canadian Diamond

Company. Five kimberlites have been discovered to date within the project area, all of which have been confirmed as diamond

bearing. The 2020 and 2021 geophysical surveys have been supported, in part, by a grant from the Northwest Territories

Mining Incentive Program.

The Loki Diamond Project exploration program is managed by Michael MacMorran, P.Geo. (NWT/NU), Project Geologist

of North Arrow . North Arrow’s diamond exploration programs are conducted under the direction of Kenneth Armstrong,

P.Geo. (NWT/NU and ON), President and CEO of North Arrow and a Qualified Person under NI 43-101. Mr. MacMorran

and Mr. Armstrong have reviewed and approve the technical contents of this press release.

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 global diamond industry. North Arrow’s most advanced diamond project is the Q1 -4 diamond deposit at the Naujaat

Project (NU), where funding is in place for a $5.6M 2,000 tonne bulk sample in 2021. The Company has also discovered and

is evaluating kimberlite fields at the Mel (NU) and Pikoo (SK) Projects and is evaluating and exploring for additional

kimberlites at the Loki and LDG JV Projects (NWT). The Company also maintains a 100% interest in the Hope Bay Oro Gold

Project (NU), located approximately 3 km north of Agnico Eagle’s Doris Gold Mine.

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 activit ies. 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 explorat ion 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 as surance 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.