Mel Diamond Project Nunavut Project Update February 8 2017 - PowerPoint PPT Presentation

TSXV: NAR TSXV:NAR Mel Diamond Project Nunavut Project Update February 8 2017

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

MEL PROJECT - NU  100% interest in 7,500 hectare property on Melville Peninsula; 140 km south of Hall Beach; 210 km northeast Naujaat.  Three to five unique unsourced KIM trains well- defined from over 750 NAR & historic till samples.  2013, 2014, 2015 and 2016 till sampling & prospecting programs have systematically advanced Mel the project. Project  Applying for drill permits - 2017 or 2018. 3

MEL PROJECT - NU  Acquired in 2013.  Two unsourced clusters of kimberlite indicator minerals (KIMs) from +500 till samples in assessment Northern Train records; “Northern Train” and “Southern Train”.  Trains contain pyrope and eclogite garnets as well as ilmenites.  Short programs have been conducted annually out of Naujaat.  2016 sampling conducted only on Northern Train; ice direction understood; 3 or more possible source target areas have been defined. Southern Train 10 km 4

MEL PROJECT, NORTHERN TRAIN 2013 & 2014 Pre-2013 Data  Highest kimberlite indicator mineral grain (“KIM”) counts were ~10 grains.  Sampling in 2013 and 2014 focused 2013 & 2014 on the potential till sampling cut-off area. focus area Pre-2013 Historic Data 5

MEL PROJECT, NORTHERN TRAIN 2013 to 2014 2013-14 Till Results  Started to define potential source area.  Two trains started to emerge.  Best sample located in the southwest limit of sampling representing new source area. Historic Data and  Planned broad infill NAR 2013-2014 till sampling program for 2015. 6

MEL PROJECT, NORTHERN TRAIN 2013 to 2014 2013-14 Till Results  Started to define potential source area.  Two trains started to emerge.  Best sample located in the southwest limit of sampling representing new source area. Historic Data and  Planned broad infill NAR 2013-2014 till sampling program for 2015. 7

MEL PROJECT, NORTHERN TRAIN 2013 to 2014 2013-14 Till Results  Started to define potential source area.  Two trains started to emerge. 2015 Till  Best sample Sampling located in the Focus Area southwest limit of sampling representing new source area. Historic Data and  Planned broad infill NAR 2013-2014 till sampling program for 2015. 8

MEL PROJECT, NORTHERN TRAIN 2013 to 2015 2015 Till Results  2015 was most intensive program yet.  Over 200 samples taken.  Three very high grain counts in train 1 with barren samples up ice suggest it could be cut-off. Historic Data and  Train 2 yields NAR 2013-2015 highest KIM counts yet and appears to be cut-off; close to source.  Possible third train defined with possible cut-off. 9

MEL PROJECT, NORTHERN TRAIN 2013 to 2015 2015 Till Results  2015 was most intensive program yet.  Over 200 samples taken.  Three very high grain counts in train 1 with barren samples up ice suggest it could be cut-off. Historic Data and  Train 2 yields NAR 2013-2015 highest KIM counts yet and appears to be cut-off; close to source.  Possible third train defined with possible cut-off. 10

MEL PROJECT, NORTHERN TRAIN 2013 to 2015 2015 Till Results  2015 was most intensive program yet.  Over 200 samples taken.  Three very high grain counts in train 1 with barren samples up ice suggest it could be cut-off. 2016 Till Historic Data and  Train 2 yields Sampling NAR 2013-2015 highest KIM counts Focus Area yet and appears to be cut-off; close to source.  Possible third train defined with possible cut-off. 11

MEL PROJECT, NORTHERN TRAIN 2013 to 2016 2016 Till Results  111 samples  Program designed to firmly establish up-ice cut-offs for Trains 1, 2 & 3.  Most samples are barren of KIMs – confirming KIM Trains are now well cut-off.  Train 2 sample with Historic Data and >1,200 KIMs – an NAR 2013-2016 order of magnitude more KIMs; close!  Infill sampling shows potential for two more source areas. 12

MEL PROJECT, NORTHERN TRAIN 2013 to 2016 2016 Till Results  111 samples  Program designed to firmly establish up-ice cut-offs for Trains 1, 2 & 3.  Most samples are barren of KIMs – confirming KIM Trains are now well cut-off.  Train 2 sample with Historic Data and >1,200 KIMs – an NAR 2013-2016 order of magnitude more KIMs; close!  Infill sampling shows potential for Sample yielded two more source over 1200 KIMs areas. 13

MEL PROJECT – GEOCHEMISTRY Eclogitic Garnet Pyrope Garnet ECLOGITIC GARNETS PYROPE GARNETS 2.0 16 G10 G9 0.09 Wt% Na2O Mel 2015 Tills 14 1.5 12 10 Cr2O3 wt.% TiO2 wt% 1.0 8 6 0.5 4 2 Mel 2015 Tills 0 0.0 0 1 2 3 4 5 6 7 8 9 10 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 CaO wt.% Na2O wt% Ilmenite Ilmenite ILMENITES ILMENITES 60 12 Mel 2015 Tills 11 58 Non- 10 Kimberlitic 56 9 54 8 52 Cr2O3 (wt%) 7 TiO2 wt.% 50 6 Kimberliti 5 c 48 4 46 3 44 2 42 1 Mel 2015 Tills 0 40 3 5 7 9 11 13 15 0 2 4 6 8 10 12 14 16 18 MgO (wt%) 14 MgO wt%

MEL PROJECT – NEXT STEPS  Detailed prospecting and ground geophysics.  Drill and exploration camp permits pending.  Community Consultations planned for April 2017.  Exploration drilling of priority targets. 15

NORTH ARROW - THE WAY FORWARD Project Location Commodity Interest Comment *Upon closing acquisition of SWY’s 15%; Pikoo Saskatchewan Diamonds 100%* 10 Kimberlites discovered to date; 2017 – till sampling & drilling *Upon closing acquisition of SWY’s 18%; Qilalugaq Nunavut Diamonds 100%* Large Q1-4 kimberlite with fancy orangey-yellow diamond population; 2017 – delineation drilling; 2017-2018 – bulk sample leading to PEA **Interest recalculation pending; Lac de Gras NWT Diamonds ~39%** 2017 Ground Geophysics & Drilling JV w DDC Mel Nunavut Diamonds 100% 2017 – Detailed prospecting & ground geophysics Luxx Nunavut Diamonds 100% Drill ready targets Loki NWT Diamonds 100% Lac de Gras area; Incl. EG05 kimberlite; 2017 – data compilation, ground geophysics & drilling Timiskaming Ontario Diamonds 80% Database evaluation Hope Bay Nunavut Gold 100% Northern Hope Bay greenstone belt; 3km north of TMAC’s Doris Gold Mine; Several Au showings / JV potential 16

TSXV: NAR Ken Armstrong President & CEO Nick Thomas Community and Investor Relations Manager Suite 960-789 West Pender Street Vancouver, BC Canada V6C 1H2 Tel: +1.604.668.8354 Fax: +1.604.336.4813 info@northarrowminerals.com @narminerals northarrowminerals www.northarrowminerals.com