Sells Oro GOLD Property, Nunavut
AC/13126591.2
Suite 960
–
789 West Pender Street, Vancouver, BC, Canada
V6C 1H2
Tel:
604
-
668
-
8355
News Release
NORTH ARROW
SELLS ORO GOLD PROPERTY, NUNAVUT
July
2
,
202
4
Trading Symbol: TSXV: NAR
#
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North Arrow Minerals Inc.
(TSXV
-
NAR) (“
North Arrow”)
is pleased to announce
it has en
tered
into
an asset purchase
agreement with Agnico Eagle
Mines Limited under which North Arrow has
sold
its 100% interest in the Oro Gold Property,
Nunavut for cash consideration of $1,750,000.
Ken Armstrong, President and Chief Executive Officer of North Arrow, stated, "We are very pleased to
finalize this sale of
the Oro gold property
,
represent
ing
a non
-
dilutive
injection of cash
in support of
North Arrow’s ongoing work to identify new
exploration
opportunities
and to evaluate our existing portfolio of
Canadian
lithium and diamond exploration
properties
.”
About North Arrow Minerals
North Arrow is a Canadian based exploration company focused on the identification and evaluation of 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 evaluat
ing
spodumene pegmatites at
its
100% own
ed
LDG
,
MacKay
, and DeStaffany
l
ithium
p
roject
s
(
NWT
)
and
also owns interest
s
in the
Naujaat (NU)
,
Pikoo (SK),
and
Loki
(NWT)
d
iamond
p
rojects
.
North Arrow’s
exploration programs are conducted under the direction of Kenneth Armstrong, P.Geo.
(
N
W
T
/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 unce
rtainties 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 econo
mic 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, ta
x rules and regulations.
Although Nort
h 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. Ther
e 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.