North Arrow Minerals Inc.

North Arrow Minerals Inc.

July 21, 2009 09:00 ET

North Arrow Warrants Exercised and Working Capital Increased

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2009) - North Arrow Minerals Inc. (TSX VENTURE:NAR) is pleased to report the addition of $358,688 to its working capital through the exercise of 2,391,250 warrants. The warrants were issued in connection with private placements completed in July 2007. The remaining 733,750 warrants issued in relation to these financings have expired unexercised.

North Arrow is currently focused on evaluating several lithium exploration opportunities in North America, including the Phoenix lithium project in the Northwest Territories where an early August drill program will test the Big Bird lithium pegmatite. North Arrow's exploration programs are conducted under the supervision of Gordon Clarke, P.Geol. (NT&NU), Vice President, Exploration for North Arrow and a qualified person under NI 43-101.

North Arrow Minerals Inc.

D. Grenville Thomas, President and CEO

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

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