North Arrow Minerals Inc. (TSX-V: NAR) is pleased to announce it has entered 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, representing 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 evaluating spodumene pegmatites at its 100% owned LDG, MacKay, and DeStaffany lithium projects (NWT) and also owns interests in the Naujaat (NU), Pikoo (SK), and Loki (NWT) diamond projects. 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.