North Arrow Private Placement Over-Allotment Option

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


North Arrow Minerals Inc. (TSX VENTURE:NAR) ("North Arrow" or the "Company")
announces that the underwriters to the $5 Million bought deal private placement
that closed on February 26, 2014 have notified the Company that they will not
exercise the over allotment option related to the private placement. Please see
the Company news release dated February 26, 2014 for details related to the
closing of the private placement.


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. In addition to the
Qilalugaq, Redemption and Pikoo projects, North Arrow is also evaluating each of
the Lac de Gras (NWT), Mel (NU), Luxx (NU) and Timiskaming (ON/QC) diamond
projects.


North Arrow Minerals Inc.  

Kenneth Armstrong, President and CEO

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, and the use of the
net proceeds of the Offering. 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 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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North Arrow Minerals Inc.
Ken Armstrong
Tel: 604 668 8355 or 604 668 8354
www.northarrowminerals.com

North Arrow Minerals (TSXV:NAR)
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