North Arrow Announces Discovery Of Large Lithium Rich Pegmatite

September 18, 2008

North Arrow Minerals Inc. (NAR: TSXV) is pleased to announce the discovery of a large, lithium rich pegmatite in the Aylmer Lake area of the Northwest Territories, approximately 70 km east of existing winter road infrastructure that services the Ekati and Diavik diamond mines. The northwest trending "Big Bird" pegmatite dike is intermittently exposed over a strike length of at least 1,200 m with observable widths of up to 40 m. Five of seven grab samples from the dike have returned assays greater than 1.5% Li2O with a highest value of 3.3% Li2O. Mineralization is contained in the lithium bearing mineral spodumene.

A brief exploration program has been completed that included bedrock mapping of the pegmatite and the collection of rock sawn channel samples at ten outcrop locations. Assay results from these channel samples are pending.

The discovery of the Big Bird pegmatite represents a strategic acquisition for the Company as the demand for lithium is expected to grow in the coming years with lithium battery technology being applied to the production of electric powered automobiles.

North Arrow's 2008 exploration programs are conducted under the supervision of Gordon Clarke, P.Geol. (NT&NU), President and CEO for North Arrow and a qualified person under NI 43-101. Initial sample preparation was carried out in Acme Analytical Laboratories Ltd's, Yellowknife, Northwest Territories preparation lab with each sample crushed and a 250 g split collected. The crushed split was forwarded to Acme's Vancouver, British Columbia lab where it was pulverized to 150 mesh, split and a 5 gram sample collected. The sample was subjected to a 4 acid digestion and analysis for 40 elements using a combination of inductively coupled plasma (ICP) emission spectrometry and ICP mass spectrometry methods. Laboratory inserted duplicates and standards provided optimum precision and accuracy.

North Arrow Minerals Inc.
/s/ "Gordon Clarke"

Gordon Clarke
President and CEO

For further information, please contact:
Gordon Clarke
President and CEO
Tel: 867 873-8483
Email: [email protected]

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

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