TSXV:NARTSXV: NAR

Mel ProjectKimberlite & Diamond Discovery

Nunavut

Press Release Companion PresentationOctober 16 , 2017

This presentation contains projections and forward looking information that involvevarious risks and uncertainties, including, without limitation, statements regarding thepotential extent of mineralization, resources, reserves, exploration results and plans andobjectives of North Arrow Minerals Inc. These risks and uncertainties include, but arenot restricted to, the amount of geological data available, the uncertain reliability ofdrilling results and geophysical and geological data and the interpretation thereof andthe need for adequate financing for future exploration and development efforts. Therecan be no assurance that such statements will prove to be accurate. Actual results andfuture events could differ materially from those anticipated in such statements. Theseand all subsequent written and oral forward-looking statements are based on theestimates and opinions of management on the dates they are made and are expresslyqualified in their entirety by this notice. The Company assumes no obligation to updateforward looking statements should circumstances or management's estimates oropinions change.

2

CAUTIONARY STATEMENT

Forward Looking

Information

Qualified Person under

NI 43-101

Disclosure of a scientific or technical nature related to North Arrow’s projects in thispresentation has been reviewed and approved by Ken Armstrong, P.Geo. President andCEO of North Arrow and a Qualified Person under NI 43-101.

NORTH ARROW’S PROJECTS

EXISTING DIAMOND MINE 3

Grassroots

1. Timiskaming Project (80% NAR with SWY)

1

DIAVIKEKATI

VICTOR

RENARD

GAHCHOKUE

Discovery Stage

1) Mel Project (100%)2) Loki Project (100%)3) LDG Project (~35% NAR with DDC )4) Pikoo Project (100%)5) Luxx Project (100%)

Advanced Stage

1. Naujaat Project (100%)Evaluating Q1-4 Kimberlite

Assessing a known kimberlite or diamond deposit

1Next stage of exploration could lead to discovery

1

4

5

Target development

MEL DIAMOND PROJECT

Mel Project

4

7,500 hectares on the Melville Peninsula.

18 km from ocean; 140 km south of Hall Beach; 210 km northeast of Naujaat.

Acquired in 2013, NAR exploring for the last 4 years; 1 to 6 days every summer; total spend to discovery ~$800,000.

Exploration camp and drilling permits are in place for 2018; additional staking currently underway.

10 km

“Mel North”

“Mel South”

Two target areas: “Mel North” and “Mel South”.

Most work has focused on Mel North.

2017 kimberlite discovery located at Mel North.

MEL PROJECT - NU

195

ArcticOcean

MEL NORTH EXPLORATION: 2013 to 2016

Sample yielded over 1300 KIMs

>200 samples to define KIM Train.

Up to +200 KIMs.

Highest KIM counts were ~10 grains.

Pre-2013:

2013 & 14: Focused on the

potential cut-off. Extended Train up

ice; up to 23 grains.

111 samples. Train is cut-off. +1,200 KIMs means

close to source.

2015:

2016:

6

Historic Data and

NAR 2013-2016

At least three distinct indicator trains

MEL 2017 – DISCOVERY BY PROSPECTING

ML-8 Kimberlite discovery

>200 samples to define KIM Train.

Up to +200 KIMs.

Highest KIM counts were ~10 grains.

Pre-2013:

2013 & 14: Focused on the

potential cut-off. Extended Train up

ice; up to 23 grains.

111 samples. Train is cut-off. +1,200 KIMs means

close to source.

2015:

2016:

7

ML-8 KIMBERLITE DISCOVERY

100 m long by 10 m wide area with

float in moss & boulder

piles

8

ML-8 Kimberlite Discovery Hand Sample – Weathered Surface

10 cm

Eclogitic garnets

Illmenite

9

Micro-xenolith : garnet in olivine macrocryst 10

Garnet & Olivine Macrocrysts

ML-8 KIMBERLITE – POLISHED HAND SAMPLES

1 cm

1 cm

ML-8 MICRODIAMOND RESULTS COMPARISON

11

1

10

100

1000

10000

100000

1000000

10000000

100000000

1E+09

0.00001 0.0001 0.001 0.01 0.1 1

Mel Project: ML-8 Kimberlite SPTUI* vs Aviat (AV-1) and Q1-4

Aviat (946kg)

Q1-4 (321kg)

ML-8 (62 kg)

Number of Diamonds per Sieve Size (mm Square Mesh Sieve)SampleWeightDry Kg

+0.106-0.150

+0.150-0.212

+0.212-0.300

+0.300-0.425

+0.425-0.600

+0.600-0.850

+0.850-1.18

TotalStones

62.1 9 3 5 4 0 1 1 23

*Stones per tonne per Unit Interval

Sample yielded over 1300 KIMs

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MEL – POTENTIAL FOR MORE DISCOVERIES

ML-8 Kimberlite Discovery at head of Train 1

Sample yielded over 1200 KIMs

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Identified magnetic targets

ML-8 Kimberlite Discovery

Vertical magnetic gradient colour grid

MEL – POTENTIAL FOR MORE DISCOVERIES

Vertical Gradient Colour Grid

MEL - 2018 POTENTIAL DRILL TARGETS

Sample yielded >1,300 KIMs

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ML-8

L111

10

L111

70L1

1200

ML-8 Kimberlite

COINCIDENT MAG TARGET AT ML-8 DISCOVERY

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ML-8 ML-1L11110L11200

S NSN

ML-9 MAG TARGET AREA

View west from ML- 9 Mag Target: Permissive Area Potential Drill Target

ML-9 Profile

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MEL KIM TRAIN 2

Sample with >1,300 KIMs

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Vertical Gradient Colour Grid

> 1,300 KIMs

ML-3 TARGET - KIM TRAIN 2

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MEL PROJECT – PROXIMITY TO TIDE WATER!

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ML-3

ML-9

ML-1

OCEAN

20

ML-8

MEL PROJECT – WHAT’S NEXT

1. Additional staking underway to expand project area.

2. Drill & camp mobilized in spring 2018 for geophysics & drilling in the spring/summer.

3. All exploration permits are in place for 2018 exploration.

4. Detailed study of quaternary geology to aid in interpretation of unsourced KIM trains.

5. Full petrologic characterization of ML-8 kimberlite is underway & evaluation of the composition and abundance of KIMs for comparison against the project till database.

6. 2018 till sampling of expanded project area.

Proposed location of Mel Exploration Camp21

NORTH ARROW - THE WAY FORWARD

Project Location Commodity Interest CommentNaujaat(Q1-4 kimberlite)

Nunavut Diamonds 100% 2017 – Mini-bulk sample & microdiamond results; Modelling 2017 drilling results2018 – Microdiamond results; delineation drilling; bulk sample leading to PEA

Mel Nunavut Diamonds 100% 2017 – Staking underway; KIM characterization2018 – Geophysics / delineation & expl’n drilling

Loki NWT Diamonds 100% Lac de Gras area; Incl. EG05 + 4 other kimberlites2017 – Winter drilling EG05 & expl’n targets

Lac de Gras NWT Diamonds ~35%JV with DDC

2017 – Airborne & Ground Geophysics results 2018 – Winter drilling

Pikoo Saskatchewan Diamonds 100% 10 kimberlites discovered; drill ready targets2017/2018 – Till sampling to define more targets

Luxx Nunavut Diamonds 100% Drill ready targetsTimiskaming Ontario Diamonds 80% Database evaluationHope Bay Nunavut Gold 100% Northern Hope Bay greenstone belt

3km north of TMAC’s Doris Gold MineSeveral Au showings / JV potential

GrassrootsDiscovery StageAdvanced Stage Brownfields Gold

3022

MEL PROJECT DISCOVERY – THE FIRST PIECE

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TSXV: NARKen Armstrong

President & CEO

Nick ThomasCommunity and Investor

Relations Manager

Suite 960-789 West Pender StreetVancouver, BC

Canada V6C 1H2Tel: +1.604.668.8354Fax: +1.604.336.4813

info@northarrowminerals.com

www.northarrowminerals.com

@narminerals

northarrowminerals