North Arrow Reports 1.4% Li2O Over 11.0 M from Beaverdam Project, North Carolina

July 14, 2010

North Arrow Minerals Inc. (NAR: TSXV) is pleased to provide an update on its recent drilling program at its wholly owned Beaverdam lithium project. The Beaverdam project is located in the Tin-Spodumene Belt of North Carolina, historically the most important lithium producing region in the world. This area, located just 45 minutes west of Charlotte, remains the centre of lithium processing and research and development activities in the United States, including FMC Lithium's Center for Lithium Energy and Advanced Research (CLEAR), which is at the forefront of American development of rechargeable lithium ion batteries for electric vehicles. FMC Lithium's facilities are located just 11 km south of the Beaverdam project.

A total of seven drill holes (1,310 m) were completed during May and June as part of a program designed to confirm the presence of spodumene pegmatites at depth in the eastern and central portions of the property.

Drill holes 10-BD-13 through 10-BD-15 were drilled along a 500 m strike length of the eastern pegmatite trend. All holes were drilled at an angle of -45 degrees and each encountered between 4 and 6 mineralized pegmatites exceeding 2 m in width with highlight intervals including 1.14% Li2O over 9.95 m starting at 116.9 m in 10-BD-13 and 1.09% Li2O over 11.3 m starting at 193.25 m in 10-BD-14.

Drill holes 10-BD-16 through 10-BD-18 tested the central pegmatite trend along the same east-west section. Each hole was drilled at an angle of -45 degrees and encountered between six and eight pegmatite dykes exceeding 2 metres in width. Highlight intervals include 10-BD-17 which encountered 1.43% Li2O over 10.97 m starting at 63.1 m, including 2.74% Li2O over 1.9 m starting at 72.1 m.

The final hole of the program (10-BD-19) tested a well exposed pegmatite in the central part of the property but failed to hit the target at depth. It is possible the pegmatite mapped at surface is faulted off or dipping in the opposite direction. Further drilling is required.

The current drilling program has confirmed the presence of numerous spodumene pegmatites within the Beaverdam property. Additional drilling is required to define the along strike and down dip continuity of the pegmatite trends identified within the property. Drilling results returned to date continue to highlight the project's potential for discovery of an American domestic lithium source.

North Arrow will shortly be reporting on this summer's work on our LDG diamond property adjoining the Rio Tinto Diavik Mine, NT. This work is in preparation for a planned drilling program scheduled for September 2010.

North Arrow's exploration programs are conducted under the supervision of Gordon Clarke, P.Geol (NT&NU), Vice President, Exploration for North Arrow and a qualified person under NI 43-101. Samples were analyzed at Acme Analytical Laboratories Ltd's, Vancouver, British Columbia, Lab. Each sample was crushed and a 250 g split collected. The crushed split was pulverized to 200 mesh, split and a 2.5 gram sample collected. The sample was subjected to a sodium peroxide fusion digestion and analysis for Lithium using a combination of inductively coupled plasma (ICP) emission spectrometry. Standard and blank samples were regularly inserted into the sample stream by the Company's field personnel.

North Arrow Minerals Inc.

/s/ "D. Grenville Thomas"
D. Grenville Thomas
President and CEO

For further information, please contact:
D. Grenville Thomas
President and CEO
Tel: 604-668-8355
Email: [email protected]

Gordon Clarke
Vice President, Exploration
Tel: 867-873-8483

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



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