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North Arrow Provides Update on Ongoing Processing of Qilalugaq Diamond Project Bulk Sample

North Arrow Minerals Inc. is pleased to provide an update on the ongoing processing of the Qilalugaq Diamond Project bulk sample. The approximately 1,500 tonne sample was collected in July and August 2014 from the Q1-4 kimberlite located just nine kilometres from the Hamlet of Repulse Bay (Naujaat), Nunavut.

The view of Repulse Bay, NU from the site of the 1500 tonne Q1-4 bulk sample. The town resides just 9 km from the 12.5 hectare diamondiferous kimberite pipe.

The sample is being processed for the recovery of commercial sized (+0.85 mm) diamonds and the resulting diamond parcel will be used to provide an indication of Q1-4's overall diamond value as well as the sample's diamond content, size distribution and to establish whether or not a population of yellow diamonds seen in earlier-stage sampling persists into the larger diamond sizes.

Dense media separation processing of the sample is over 50% complete and is expected to be finished in March. Diamond sorting is also well underway and preliminary observations indicate that diamond recoveries are in line with expectations and similar in character to diamond parcels from earlier, smaller samples, including a population of coloured diamonds exhibiting a range in yellow hues. Full processing of the sample is on track for completion in April 2015. Disclosure of the recovered sample diamond content and characteristics will be reported at that time, with a diamond valuation to follow thereafter.

DMS processing of the sample is being conducted by Microlithics Laboratories Inc. in Thunder Bay, ON. Final processing of the DMS concentrate is being conducted at Stornoway Diamond Corporation's (TSX: SWY) x-ray sorting machine and diamond sorting facility in North Vancouver, BC.

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