Canadas Most Active Diamond Explorer May 2018 CAUTIONARY STATEMENT - PowerPoint PPT Presentation

TSXV: NAR TSXV:NAR Canada’s Most Active Diamond Explorer May 2018

CAUTIONARY STATEMENT This presentation contains projections and forward looking information that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization, resources, reserves, exploration results and plans and objectives of North Arrow Minerals Inc. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and Forward the need for adequate financing for future exploration and development efforts. There Looking can be no assurance that such statements will prove to be accurate. Actual results and Information future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change. Disclosure of a scientific or technical nature related to North Arrow’s projects in this Qualified presentation has been reviewed and approved by Ken Armstrong, P.Geo. President and Person under CEO of North Arrow and a Qualified Person under NI 43-101. NI 43-101 2

CORPORATE OVERVIEW – estimated as of May 1, 2018  Capitalization Corporate Highlights Listing: TSX Venture – NAR Issued: 76.2 M Options: 6.5 M Warrants: 20.5 M ( 20 M at $0.40) Fully diluted: 103.2 M Estimated Working Capital: ~$0.5 M  M ain Shareholders Management and Directors ~15.7% Zebra Holdings and Investments ~12.5% Electrum Strategic Opportunities Fund ~10.5% Ross Beaty ~10.5% 3

CORPORATE OVERVIEW - PEOPLE D. Grenville Thomas (Chairman) Founder of Aber (now Dominion Diamond), discoverer of the Diavik Diamond Mine; Canadian Mining Hall of Fame inductee. Ken Armstrong P.Geo.(ON) (President, CEO, Director and Qualified Person under NI 43-101) Diamond exploration and evaluation experience with Diavik, Aber, De Beers, Navigator, and Stornoway. Christopher Jennings (Director) Founder of SouthernEra, consultant to Aber; formerly with International Corona Corp., BP Minerals (Canada) and Falconbridge. Management Blair Murdoch (Director) More than thirty years experience in senior management of private and public companies. Highlights Eira M. Thomas (Advisor) Extensive diamond exploration and development experience in Canada and Africa; Founder, CEO & director of Lucara; Former officer and director of Aber; Founder of Stornoway; Currently director of Suncor. William Lamb (Advisor) Former CEO of Lucara, 20+ years project development experience with Lucara, De Beers, Kvaerner and Rand Mines. Allison Rippin Armstrong (Advisor) 20+ years CSR experience; Ex-Kaminak Gold. 4

DIAMOND DISCOVERIES: A CANADIAN LEADER North American Diamond Exploration 2 Kimberlite and related rocks Pre-1981 1981-2012 1 2013-2017 • Five kimberlite fields discovered in the last five years • North Arrow discovered two of them: (1) Pikoo & (2) Mel; the only junior explorer to make a discovery in that period. • Both significantly diamondiferous J:\1Maps\NorthAmerica\CanadaDEM\DEM 5

CORPORATE OVERVIEW – PROJECTS Assessing a known kimberlite or Advanced Stage diamond deposit 1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds Next stage of diamond exploration Discovery Stage could lead to discovery 8 1 2 2. Mel (100%) Kimberlite Field discovered 2017 EKATI 3. Loki (100%) Kimberlite discovered March DIAVIK 6 2018; 1 st Lac de Gras discovery in > 5 years GAHCHO KUE 4. LDG (JV w Dominion ) 2018 drilling ongoing 5. Pikoo (100% ) 10 kimberlites discovered to date; high grade potential 6. Luxx (100%) Permitted & drill ready 5 Grassroots Target development RENARD 7 VICTOR 7. Timiskaming (JV w SWY) Brownfields Gold Within 3km of TMAC’s Doris Mine; 8. Hope Bay (100%) similar geology and structures 6 EXISTING DIAMOND MINE

CORPORATE OVERVIEW – PROJECTS Discovery Stage 2 Mel Project (100%) 2 EKATI DIAVIK GAHCHO KUE RENARD VICTOR 7 EXISTING DIAMOND MINE

MEL – NEW CANADIAN DIAMOND DISCOVERY  East central Melville Peninsula  18 km from ocean; 140 km south of Hall Beach; 210 km northeast of Naujaat  Sub-crop of Kimberlite (& Diamonds!) discovered September 2017 by prospecting  2018 drilling – Camp and drill mobilization Mel underway Project 8

MEL PROJECT – TILL SAMPLING Two distinct areas of focus: Arctic Ocean Mel North Mel South ML-8 Kimberlite Mel North : Well defined KIM train Mel South : More challenging ice history Total Kimberlite Indicator Minerals Barren Sample Quaternary Mel Property study is Landing Strip Kimberlite underway

MEL NORTH EXPLORATION: 2013 to 2017 At least three distinct indicator trains / source areas Pre-2013:  Up to ~10 KIMs 2013 & 14:  Extended Train up ice; up to 23 KIMs 2015:  >200 samples  Up to +200 KIMs 2016: Historic Data and  111 samples NAR 2013-2016  Train is cut-off pyrope garnet  +1,300 KIMs means eclogitic garnet close to source! Ilmenite chromite 2017: chrome diopside ML-8 Kimberlite barren sample  Discovery of ML-8 discovery kimberlite 10

ML-8 KIMBERLITE – GOOD MANTLE SAMPLE 1 cm Garnet & Olivine Macrocrysts 1 cm Micro-xenolith: garnet in olivine macrocryst 11

ML-8 MICRODIAMOND RESULTS ML-8 kimberlite SPTUI* vs Naujaat (Q1-4) 1E+09 100000000 Small sample but flat 10000000 curve is a good start! 1000000 A28 (321kg) 100000 Mel (62 kg) 10000 1000 Number of Diamonds per Sieve Size (mm Square Mesh Sieve) 100 Sample +0.106 +0.150 +0.212 +0.300 +0.425 +0.600 +0.850 Total Weight -0.150 -0.212 -0.300 -0.425 -0.600 -0.850 -1.18 Stones 10 Dry Kg 62.1 9 3 5 4 0 1 1 23 1 0.00001 0.0001 0.001 0.01 0.1 1 *Stones per tonne per Unit Interval 12

MEL - 2018 POTENTIAL DRILL TARGETS ML6 and ML7: large “Pipe”-like targets ML-8 Sample yielded >1,300 KIMs Vertical Gradient Colour Grid 13

MEL - 2018 POTENTIAL DRILL TARGETS ML6 and ML7: large “Pipe”-like targets Vertical Gradient Colour Grid 14

MEL PROJECT – PROXIMITY TO TIDE WATER! ML-8 OCEAN ML- 1 ML-9 EXPLORATION DRILLING: July/August 2018 Camp & Drill mob is ML-3 underway 15

LAC DE GRAS PROPERTIES Discovery Stage 3 Loki Project (100%) 4 LDG Project EKATI (JV w Dominion; ~35% NAR) DIAVIK GAHCHO KUE RENARD VICTOR 16 EXISTING DIAMOND MINE

LAC DE GRAS PROPERTIES Loki Property • 8,607 ha; 100% NAR • Discovered new kimberlite in March 2018 - First kimberlite discovery at Lac de Gras since 2012! • Diamondiferous EG05 kimberlite also drilled • Additional targets near known kimberlites and associated with unsourced KIMs • Planning underway for July 2018 drilling. Lac de Gras (LDG) Property • Joint Venture with Dominion Diamond • 147,200 ha south of Diavik & Ekati • 3 known kimberlites • $2.8M Spring and summer 2018 drill program underway – focus on kimberlite discovery 2018 Goal: New kimberlite discoveries at both Loki & LDG 17

LOKI PROJECT – KIMBERLITES & TARGETS EG05 Kimberlite 465 Kimberlite Target 5 km Ice Indicator train 853 Direction • Kimberlite 465 discover March 2018 – first Lac de Gras discovery in 6 years! EG05 also drilled. • Priority targets still remain untested including Target 853; planning for summer 2018 drill program. 18

LOKI – DRILL TARGET 853 5 km Indicator train 853 Ice Direction 19

CORPORATE OVERVIEW – PROJECTS Assessing a known kimberlite or Advanced Stage diamond deposit 1 Naujaat (100%) 1 EKATI DIAVIK GAHCHO KUE RENARD VICTOR 20 EXISTING DIAMOND MINE

NAUJAAT PROJECT – TICKS ALL THE BOXES Q1-4  Jurisdiction kimberlite Clear permitting path in Nunavut  Near tide water Freight costs 50% of NWT diamond mines  Large tonnage ~48 Mt down to 205m below surface  Low strip ratio <3:1 vs >10:1 for NWT diamond mines  Significant diamond inventory* ~26M contained carats; ~50cpht  Blue sky potential 15 additional kimberlites for evaluation Naujaat Unique diamond value proposition Proposed road route 21 * CAUTION – Inferred Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability

Q1-4 – DEPOSIT EVALUATION • Deposit evaluation – function of jurisdiction, location, infrastructure, tonnage, mining method, ‘in situ’ value etc. • ‘In Situ’ Value – function of grade and diamond value • Diamond value – function of diamond quality and size distribution • 2017: confirmed i) Q1-4 tonnage (drilling) & ii) potential diamond value upside (bulk sample) Pit overlay is for demonstration purposes; conceptual in nature. 22

Q1-4 - LARGE TONNAGE, EASY ACCESS Internal desk top study of potential mining scenarios suggests extending Q1-4 resource from 200m to 300m below surface would represent the ‘sweet spot’ for deposit size with open pit strip ratio less than 3:1 . 2014 A28 Bulk Sample Site Image view: Looking southwest