North Arrow Minerals is exploring for diamonds in Canada. The presentation provides an overview of North Arrow's projects, which include the advanced-stage Naujaat Project in Nunavut. The Naujaat Project contains a large, near-surface kimberlite pipe (Q1-4) with an inferred resource that also has blue sky potential at depth. North Arrow plans a $3 million exploration program at Naujaat in 2017 including drilling and a mini-bulk sample to improve confidence in the resource. North Arrow also has grassroots diamond projects in Nunavut, the Northwest Territories, and Saskatchewan that it plans to advance through field work and drilling in search of new kimberlite

1. TSXV:NARTSXV: NAR
Exploring Diamond
Opportunities in Canada
May 24, 2017

2. 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
the need for adequate financing for future exploration and development efforts. There
can be no assurance that such statements will prove to be accurate. Actual results and
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.
2
CAUTIONARY STATEMENT
Forward
Looking
Information
Qualified
Person under
NI 43-101
Disclosure of a scientific or technical nature related to North Arrow’s projects in this
presentation has been reviewed and approved by Ken Armstrong, P.Geo. President and
CEO of North Arrow and a Qualified Person under NI 43-101.

3. CORPORATE OVERVIEW– as of May 18, 2017
 Capitalization
Listing: TSX Venture – NAR
Issued: 76.2 M
Options: 4.3 M
Warrants: 21.0 M 20M @ $0.40
Fully diluted: 101.5 M
Estimated Cash: ~$5.2 M (as of May 18, 2017)
 Main Shareholders
Management/Directors ~15.7 %
Electrum Strategic Opportunities Fund ~10.5%
Ross Beaty ~10.5%
Zebra Holdings & Investments* ~12.7 %
*controlled by a trust settled by the late Adolf H. Lundin
Corporate
Highlights
unless otherwise noted
3

4. D. Grenville Thomas (Chairman) Founder of Aber (now Dominion Diamond), discoverer
of the Diavik Diamond Mine. 2009 Canadian Mining Hall of Fame inductee.
Ken Armstrong P.Geo.(ON) (President, CEO, Director and Qualified Person under NI
43-101) Diamond exploration and evaluation experience with Diavik, Aber,
De Beers, Navigator, and Stornoway.
Christopher Jennings (Director) Founder of SouthernEra, consultant to Aber; formerly
with International Corona Corp., BP Minerals (Canada) and Falconbridge.
Blair Murdoch (Director) More than thirty years experience in senior management of
private and public companies.
Eira M. Thomas (Advisor) Extensive diamond exploration and development experience
in Canada and Africa. Former officer and director of Aber; founder of Lucara and
Stornoway. Currently director of Suncor and Lucara.
William Lamb (Advisor) President and CEO of Lucara, 20+ years project development
experience with Lucara, De Beers, Kvaerner and Rand Mines.
Allison Rippin Armstrong (Advisor) Formerly BHP (Ekati), Kaminak; 20+ years of
northern CSR experience.
CORPORATE OVERVIEW - PEOPLE
Management
Highlights
4

5. CORPORATE OVERVIEW – PROJECTS
EXISTING DIAMOND MINE 5
Grassroots
1. Timiskaming Project (80% with SWY) 1
DIAVIK
EKATI
VICTOR
RENARD
GAHCHO
KUE
Discovery Stage
1) Mel Project (100%)
2) Loki Project (100%)
3) LDG Project (~40% NAR with DDC )
4) Pikoo Project (100%)
5) Luxx Project (100%)
Advanced Stage
1. Naujaat (Qilalugaq) Project (100%)
Assessing a known kimberlite or
diamond deposit
1
Brownfields Gold
1
1. Hope Bay Project (100%)
Next stage of diamond exploration
could lead to discovery
Within 3km of TMAC’s Doris Mine;
similar geology and structures.
1
4
5
Target development

6. NAUJAAT PROJECT – TICKS ALL THE BOXES
 Jurisdiction
 Near tide water
 Large tonnage
 Good inferred resource* grade
 Blue sky potential
 Low strip ratio
* CAUTION – Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability
• Could satisfy all the boxes required
for a mine to be successful in the Arctic.
• Lower risk diamond exploration
investment alternative with near-term
development track potential.
• More information about rare
orangey-yellow diamond population
required to establish value.
• Formidable potential in-situ value.
Naujaat
Q1-4
kimberlite
Unique diamond value
proposition
6

7.  Settled land claim.
 Mines CAN be permitted and built in
Nunavut.
 4 mines permitted in the last 10 years.
 2017 – TMAC (Doris) in production;
Agnico has committed $1.2B to build
Meliadine and Amaruq.
LOCATION: IN NUNAVUT
NUNAVUT
MARY RIVER MEADOWBANK
Naujaat
Diamond
Project
7

8. 9KM FROM COASTAL HAMLET OF NAUJAAT
 History of successful mine
development in the Arctic
when located on tidewater
(Nanisivik, Polaris).
 Estimated shipping costs ~50% of
winter road access NWT diamond
mines.
 9 km from coastal Hamlet of Naujaat
 Tidewater open ~3 months of year.
 Multiple scheduled summer / fall Sealifts.
 Airport and other infrastructure.
 Local experienced workforce.
Approximate
Q1-4 outline
9 km
Sealift loading Q1-4
Bulk Sample in Sept
2014, Naujaat. NanisivikPolaris
Naujaat
Diamond Project
8

9. Q1-4: LARGE TONNAGE WITH BLUESKY
12.5 ha surface area
700 m
Q1-4 Kimberlite
Pipe Model
Q1-4 Pipe
Approximate
Surface Trace
1May, 2013; Mineral resources are not mineral reserves and do not have demonstrated economic viability 2Defined as 100% recovery of +1 to +23 DTC diamonds 3Target for further exploration - The
potential quantity and grade of the TFFE referred to above is conceptual in nature and it is uncertain whether further exploration will result in the target being delineated as a mineral resource
Naujaat
Q1-4 Kimberlite
• Largest kimberlite in eastern Arctic = 12.5 ha.
• Tonnage all in one body
• Inferred Resource1 = 48.8 Mt, 26.1 Mcts,
total diamond content2 53.6 cpht.
• TFFE3 = 14.1 to 16.6 Mt, 7.9 to 9.3 Mcts, total
diamond content2 56.1 cpht.
• Inferred Resource only to 205 m depth.
• 6,000 m drilling planned for 2017/18 to
confirm tonnage down to 300 m.
• 15 additional kimberlite bodies that require
further assessment.
9

10. Q 1-4 RESOURCE ALL IN ONE BODY: LOW STRIP RATIO
• at ~50 cpht total diamond content:
more modest grade than Cdn mines.
• However, horseshoe shape, ‘all-in-
one’ singular deposit reduces strip
ratio.
Q1-4 (down to 305 m; inferred + TFFE)
Pit overlay is for demonstration purposes; conceptual in nature.
Common Canadian Mine Scenarios
Multiple small, high grade bodies with higher
strip ratio – eg Gahcho Kué, Ekati, Diavik
Gahcho Kué (Tuzo, Hearne, 5034)
Strip Ratio = 10.2:1 life of mine
(Mountain Province Diamonds; May 2014 Feasibility Study)
Q1-4 internal study demonstrates potential for low strip ratio
• <2:1 down to 205 m (inf. resources).
• <3:1 down to 305 m (TFFE and inf. resources).
• Reduces cost and helps to address lower grade of Q1-4.
• Best comparable is De Beers’ Victor Mine, ON.
10

11. Q1-4 DIAMOND VALUATION
• ~384 carats from ~1,350 dry
tonnes.
• $92 per carat modelled
“possible high”.1
• $43 per carat modelled
“possible low”.1
Q1-4 2014 Sample:
Q1-4 “run of mine” from
2014 sample; +9DTC and above.
11
2016 – Two phase approach to show value upside of
Q1-4 diamonds:
1) Analysis of diamond size frequency distributions (SFD)
2) Cutting/polishing of yellow diamonds
Primary Conclusions from the 2015 WWW Valuation:
• Parcel too small.
• Further challenged by the presence of two distinct diamond populations.
1North Arrow news Release June 9, 2015 reporting results of WWW International Consultants Ltd. valuation.

12. • Need more diamonds to validate or discount assumptions used to
develop the yellow diamond coarse SFD model.
Burgundy Mining Advisors – value upside of Q-1-4 diamonds:
Primary Conclusion
Modelled Coarse SFD for Yellow Diamonds (Red)
• Combining the WWW diamond prices with the model
coarse SFD for yellow diamonds results in price range of
$60/ct to $220/ct. $200/ct is positive for the project.
Q1-4 Grade/Size Curve
Comparative Curves
Total Parcel
‘Dark Yellow’
only
12
Q1-4 DIAMOND SFD ANALYSIS
• More yellows in larger diamond sizes.
• Yellow diamonds are younger than white diamonds.
Observations
“
Yellow diamonds comprise 21.5% (by carats) of the
diamonds recovered from the 2014 sample

13. VALUING ORANGEY YELLOW DIAMONDS
Q1-4 contains a unique population of valuable fancy orangey yellow diamonds
*colour certification by Gemological Institute of America (GIA) & CGL Canadian Gem Labs
**polished diamond value estimates by CGL Canadian Gem Labs
Polishing and Valuation
• Certifiable* fancy orangey yellow diamonds - desirable to the gem/jewelry trade
• Round brilliant cuts maximize brilliance with no impact on colour saturation
• ‘Fancy Vivid’ – highest saturation = highest value
• Premium prices for yellow diamonds not reflected in WWW valuation
13
HIGHER VALUE
Polished orangey yellow
diamonds valued at ~2x
value** of most
commonly sold white
diamonds of comparable
size, cut and clarity.
Significant potential
upside for Q1-4 prices.
More diamonds needed

14. UNDERVALUED YELLOW DIAMONDS (+9, +11 DTC)
June 2015 Valuation
20 dark yellow +11 DTC
(~0.5ct) diamonds
total value = US$437.00
US$57.00 per carat
2016 Rough Value of Polished
2 diamonds
total value = US$532.00*
~US$500.00 per carat
June 2015 Valuation
12 dark yellow +9 DTC
(~0.2ct) diamonds
total value = US$119.00
US$53.00 per carat
2016 Rough Value of Polished Stones
5 diamonds
total value = US$478.00*
US$480.00 per carat
* 75% of estimated wholesale polished values = 33% margin
for cutting/polishing (typical target margin is 15%).
POLISHING RESULTS:
IMPACT ON +11 DTC VALUE
• 20 diamonds collectively valued $437
• 2 were polished & rough should have
been reasonably valued* at $532
• Remaining 18 stones would not come
for free!
POLISHING RESULTS –
IMPACT ON +9 DTC VALUE
• 12 diamonds valued at $119
• 5 were polished & rough should have been
reasonably valued* at $478
• 4x 2015 valuation and remaining 7
diamonds would not come free!
14

15. FUTURE WORK – 2017 & 2018
Project Requires Increased Confidence in: Bulk SamplingDrilling
4500-6000 m
drilling
Bulk Sample 1: +700 carats
confirm yellow SFD model
Bulk Sample 2: +1000 carats
confirm value +/- 20-25%
1. Volume / tonnage
2. Internal geology
3. Spatial diamond data
4. Recoverable grade
5. SFD’s of diamond population
6. Diamond value
Critical for PEA
15

16. 2017 EVALUATION PLAN
Field program ($3 million):
During/after field program:
• Diamond Drilling – 4,500 m (~17 holes).
• Improve geol. model & conf. tonnage to 300m.
• Improve spatial diamond dataset (grade).
• Mini-bulk sample – 200 t.
• ~80-100 carats from highest grade unit.
• Indication of recoverable grade.
• Indication of diamond characteristics.
• Use results to plan larger sample in 2018.
• Seek independent confirmation of low to
high value range; Revisit parcel/SFD
models with WWW & other Valuators.
• Revisit JDS desktop study with current
numbers; Consider expedited PEA using
bracketed valuations.
1616

17. MEL PROJECT - NU
Mel
Project
17
 7,500 hectare property <20 km from tidewater.
 140 km south of Hall Beach; 210 km northeast of
Naujaat.
 Small sampling programs have systematically
advanced the project.
 Detailed prospecting & ground geophysics in 2017;
kimberlites can outcrop in this part of the Arctic.
 Piggy backs on work at Naujaat.
 Program goal: kimberlite discovery.

18. MEL PROJECT, NORTHERN TRAIN 2013 to 2016
Sample yielded
over 1200 KIMs
18
 Pre-NAR - highest
KIM counts were
~10 grains.
 2016 - up to 1,200
grains.
 Trains are well cut
off to the SW (up
ice).
 At least three
target areas.
 Kimberlites can be
found in outcrop in
the eastern arctic
(Aviat, Q1-4,
Churchill etc).
 2017 Goal –
kimberlite
discovery by
prospecting.
KIM Trains:
Prospecting Target Areas

19. LAC DE GRAS PROPERTIES
• ~7,000 ha; 100% NAR.
• Untested targets related to Monument
kimberlite cluster.
• Includes diamondiferous EG05 kimberlite -
needs further assessment on size and
diamond content.
• 2017 – ground geophysics and drilling.
• 2017 program goal – kimberlite discovery.
Lac de Gras (LDG) Property
• Joint Venture: ~40% NAR, ~60% Dominion
Diamond.
• 147,200 ha south of Diavik & Ekati.
• 2016 focused on target generation.
• ~$2.8 million 2017 program to focus on
target evaluation: geophysics and drilling of
~20 targets.
• 2017 program goal – kimberlite discovery.
Loki Property
19

20. PIKOO PROJECT, SK
23 +0.85 mm stones recovered
from initial 2013 209 kg PK 150 sample
 North Arrow (100%).
 Good local infrastructure - within 10
km of SK Hwy 911.
 10 discrete kimberlites discovered
to date.
 Five kimberlites tested and proven
diamondiferous.
 PK150 – most significant diamond
discovery; 1,232 diamonds > 0.106
mm from 531 kg.
 2016 till sample results suggest
more unique unsourced KIM trains.
 2017 ground geophysics and
sampling ahead of 2018 drilling.
20

21. PIKOO PROJECT – DISTINCT INDICATOR TRAINS
Ice Direction
Ice Direction
PK314
&“North Pikoo
Dykes”
PK312
PK311
PK150
(plus PK151
and 2 other
dykes)
PK346
PK347
Deeper colour = more KIMs
Known kimberlites
?Priority Targets
?
?
? ?
?
?
?
?
?
?
?
 Till sampling works.
 Increased sample density
throughout property has
revealed at least 10
unsourced KIM trains.
 Excellent chemistry – KIMs
confirmed as derived from
diamond stable mantle.
 More diamondiferous
kimberlite discoveries to be
made on the property.
 2017 till sampling ahead of
winter 2018 drilling.
21

22. GOLD – HOPE BAY ORO PROJECT, NU
4 km
TMAC’s Hope Bay Mine
Ida Point Showing
Doris Mountain
Doris Mountain
 ORO property ~3km NNE of TMAC’s Doris
Gold Mine.
 Host stratigraphy to the Doris deposit
extends north onto Oro property.
 Oro vs Doris – i) same rocks, ii) same
mineralization style, iii) same structural
setting.
 Numerous gold showings.
 Previous drilling of Ida Point returned 5.48
g/t over 5.96 m; 8.0 g/t over 4.2 m.
22

23. NORTH ARROW - THE WAY FORWARD
Project Location Commodity Interest Comment
Naujaat
(Qilalugaq)
Nunavut Diamonds 100% Large Q1-4 kimberlite with fancy orangey-yellow
diamond population
2017 – delineation drilling; sampling
2017-2018 – bulk sample leading to PEA
Mel Nunavut Diamonds 100% 2017 – Detailed prospecting & ground geophysics
Loki NWT Diamonds 100% Lac de Gras area; Incl. EG05 kimberlite
2017 – ground geophysics & drilling
Lac de Gras NWT Diamonds ~40%
JV with DDC
2017 ground geophysics & drilling
Pikoo Saskatchewan Diamonds 100% 10 kimberlites discovered to date
2017 – ground geophysics and till sampling
Luxx Nunavut Diamonds 100% Drill ready targets
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
GrassrootsDiscovery StageAdvanced Stage Brownfields Gold
3023

24. NORTH ARROW vs EXPLORERS/DEVELOPERS WITH RESOURCES
Q1-4
24
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
KENNADY PEREGRINE SHORE GOLD DUNNEDIN NORTH ARROW
160.8
67.9
72.0
21.2
19.8
Mkt Cap ($M) as of May 25, 2017

25. $0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
KENNADY DUNNEDIN PEREGRINE SHORE GOLD NORTH ARROW
$12.32
$6.88
$2.01
$1.06 $0.65
Mkt Cap / Carat in the Ground – May 25, 2017
6Carats in the ground includes measured, indicated and inferred resources.*
NAR also has the greatest exposure to discovery stage projects in Canada: Loki, LDG, Mel, Pikoo, Luxx
1 2 3 4 5
1Notch & Kahuna (3.2 M carats) 2Kelvin Deposit (13.6 M carats) 3Chidliak (15.6 M carats) & DO-27 (18.2 M carats) 4FALC (67 M carats) 5Q1-4 (26.1 M carats)
25
NORTH ARROW vs EXPLORERS/DEVELOPERS WITH RESOURCES
C
H
I
D
L
I
A
K
F
A
R
A
D
A
Y
K
E
L
V
I
N
S
T
A
R
O
R
I
O
N
Q1-4
N
O
T
C
H
K
A
H
U
N
A
*Mineral
resources are
not mineral
reserves and do
not have
demonstrated
economic
viability.

26. 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: +1.604.668.8355
Fax: +1.604.336.4813
info@northarrowminerals.com
www.northarrowminerals.com
@narminerals
northarrowminerals