North Arrow Minerals Inc. - Hope Bay

Silvertip Anialik Canoe Lake Regan Lake Eagle Hope Bay Napaktulik Lac de Gras Nebbish

Location:

Hope Bay
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The Hope Bay project is located approximately 3 km north of Miramar Mining Corp's Doris gold deposit and approximately 725 km from Yellowknife.

Size:
A total of 4,121 ha, consisting of 5 mineral claims.

Ownership:
100% North Arrow.

Highlights:

Proximal location to the Doris deposit which is currently in the final permitting for the construction of a gold mine.
Property contains similar stratigraphy and structure as the Doris deposit.

Summary:
Previous mapping by Strongbow has confirmed that the host stratigraphy to the Doris deposit extends onto the Hope Bay property. Several gold showings have been identified, including the Elu shear, an approximately 400 m long mineralized shear zone structure where a 1998 drill program completed by Navigator Exploration Corp. encountered 14.3 g/t Au over 2.12 m and 5.96m grading 5.48 g/t within a single drill hole. A second, steeper drill hole from the same set up encountered 2.18 m grading 3.61 g/t Au before encountering a post mineralization dyke.

Four of the mineral claims comprising the property reach their 10th anniversary date in July 2007. As such an application has been made to the Nunavut Mining Recorder to take the claims to lease, as required by the Canada Mining Regulations. As part of the leasing process, the claims were formally surveyed in August of 2007.