2009

North Arrow Announces A Non-Brokered Private Placement Of $302,500


August 6, 2009

North Arrow Minerals Inc. (NAR: TSXV) ("North Arrow" or the "Company") is pleased to announce it has arranged a non-brokered private placement of 1,375,000 units (the "Units") at a price of $0.22 per Unit, for gross proceeds of up to $302,500. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the Company for a period of eighteen months from the closing date at a price of $0.32 per share.

A finder's fee may be payable in cash to accredited arm's length parties in respect of sales made to purchasers referred to North Arrow by finders. The private placement and the finder's fee are subject to certain conditions, including regulatory acceptance.

The net proceeds of the private placement will be used to advance North Arrow's lithium exploration projects and for general working capital.

North Arrow Minerals Inc.
/s/ "D. Grenville Thomas"

D. Grenville Thomas
President and CEO

For further information, please contact:

D. Grenville Thomas
President & CEO
Tel: 604 668-8355
Email: info@northarrowminerals.com
Website: www.northarrowminerals.com

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.

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