TSXV:NARTSXV: NAR

Corporate Presentation for InvestorsDiamond Session

PDACMarch 4, 2019

Canada’s Most Active Diamond Explorer

This presentation contains projections and forward looking information that involvevarious risks and uncertainties, including, without limitation, statements regarding thepotential extent of mineralization, resources, reserves, exploration results and plans andobjectives of North Arrow Minerals Inc. These risks and uncertainties include, but arenot restricted to, the amount of geological data available, the uncertain reliability ofdrilling results and geophysical and geological data and the interpretation thereof andthe need for adequate financing for future exploration and development efforts. Therecan be no assurance that such statements will prove to be accurate. Actual results andfuture events could differ materially from those anticipated in such statements. Theseand all subsequent written and oral forward-looking statements are based on theestimates and opinions of management on the dates they are made and are expresslyqualified in their entirety by this notice. The Company assumes no obligation to updateforward looking statements should circumstances or management's estimates oropinions change.

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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 thispresentation has been reviewed and approved by Ken Armstrong, P.Geo. President andCEO of North Arrow and a Qualified Person under NI 43-101.

CORPORATE OVERVIEW *as of October 31st, 2018

Capitalization

Listing: TSX Venture – NARIssued: 92.8 MOptions: 8.9 M

Warrants: 26.5 M (20 M at $0.40)

Fully diluted: 128.2 MEstimated Working Capital: ~$1.3 M

Main Shareholders

Management and Directors ~16.1%

Zebra Holdings and Investments ~10.4%

Electrum Strategic Opportunities Fund ~8.6%

Ross Beaty ~8.6%

Corporate Highlights

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D. Grenville Thomas (Chairman) Founder of Aber (now Dominion Diamond), discoverer of the Diavik Diamond Mine; 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; Founder, CEO & director of Lucara; Former officer and director of Aber; Founder of Stornoway; Currently director of Suncor.

William Lamb (Advisor) Former CEO of Lucara, 20+ years project development experience with Lucara, De Beers, Kvaerner and Rand Mines.

Allison Rippin Armstrong (Advisor) 20+ years CSR experience; Ex-Kaminak Gold.

CORPORATE OVERVIEW - PEOPLE

Management Highlights

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• Six kimberlite fields discovered in the last six years

• North Arrow discovered two of them: (1) Pikoo & (2) Mel; the only junior explorer to make a discovery in that period

• Both significantly diamondiferous

J:\1Maps\NorthAmerica\CanadaDEM\DEM

Kimberlite andrelated rocksPre-1981

1981-2012

2013-2018

DIAMOND DISCOVERIES: A CANADIAN LEADER

North American Diamond Exploration

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1

2

CORPORATE OVERVIEW – PROJECTS

EXISTING DIAMOND MINE

Grassroots

7. Timiskaming (JV w SWY) 7

DIAVIKEKATI

VICTOR

RENARD

GAHCHOKUE

Discovery Stage

2. Mel (100%) Kimberlite Field discovery3. Loki (100%) Kimberlite 465 discovered 2018;

1st Lac de Gras discovery in > 5 years4. LDG (JV w Dominion) 2019 drilling & sampling5. Pikoo (100%) Kimberlite Field discovery6. Luxx (100%) Permitted & drill ready

Advanced Stage

1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds

Assessing a known kimberlite or diamond deposit

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Brownfields Gold

1

8. Hope Bay (100%)

Next stage of diamond exploration could lead to discovery

2

5

6

Target development

Within 3km of TMAC’s Doris Mine; similar geology and structures

CORPORATE OVERVIEW – PROJECTS

EXISTING DIAMOND MINE 7

DIAVIKEKATI

VICTOR

RENARD

GAHCHOKUE

1

Advanced Stage

1. Naujaat (100%) Significant diamond inventory; potential value upside: fancy orange-yellow diamonds

Assessing a known kimberlite or diamond deposit

Naujaat Proposed CommunityAccess Trail

NAR Laydown

NAUJAAT PROJECT – TICKS ALL THE BOXES

Jurisdiction

Near tide water

Large tonnage

Low strip ratio

Significant diamond inventory*

Blue sky potential

* CAUTION – Inferred Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability

Unique diamond value proposition

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<3:1 vs >10:1 for NWT diamond mines

~48 Mt down to 205m below surface

~26M contained carats; ~50cpht

15 additional kimberlites for evaluation

Freight costs 50% of NWT diamond mines

Clear permitting path in Nunavut

Q1-4 Kimberlite

Q1-4 DIAMOND DEPOSIT: STATUS

Q1-4 “run of mine” from 2014 sample; +9DTC and

above.

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2016 – Commenced two phase approach to show value upside of Q1-4 diamonds:1) Cutting/polishing of yellow diamonds2) Analysis of diamond size frequency distributions (SFD)

Primary WWW Conclusions from the 2015 Valuation:• Parcel too small• Yellow diamonds were considered of little interest

2015 WWW Diamond Valuation based on 384 carats recovered from ~1,350 t$92 per carat modelled “possible high” | $43 per carat modelled “possible low”

Q1-4 DIAMOND PROJECT: STATUS

How the project advanced (2015 to present):

1. Cut & Polished Yellow Diamonds:• Certified by GIA as fancy vivid orangey yellow diamonds• Desirable to the gem/jewelry trade

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Q1-4 DIAMOND PROJECT: STATUS

How the project advanced (2015 to present):

1. Cut & Polished Yellow Diamonds:• Certified by GIA as fancy vivid orangey yellow diamonds• Desirable to the gem/jewelry trade

2. Nitrogen aggregation studies show the yellow and white diamonds distinct populations

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Q1-4 DIAMOND PROJECT: STATUS

How the project advanced (2015 to present):

1. Polished Yellow Diamonds:• Certified by GIA as fancy vivid orangey yellow diamonds• Desirable to the gem/jewelry trade

2. Nitrogen aggregation studies show the yellow and whitediamonds distinct populations

3. Yellow diamonds show a much coarser size frequency distribution (SFD) implying potential for higher abundanceof yellow diamonds in coarser sizes

4. 2015 possible low to high model prices applied to the coarse yellow SFD scenario results in low to high price range of$60 to $220 per carat

5. At this price the project is very attractive

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Potential value upside is based on SFD alone;

does not take into account the fact that the

yellow diamonds are fancy colours, worth a premium price, and of

interest to high fashion jewelry trade

Q1-4 Grade/Size CurveComparative Curves

Total Parcel

‘Dark Yellow’only

Q1-4 DIAMOND PROJECT: STATUS

How the project advanced (2015 to present):

1. Polished Yellow Diamonds:• Certified by GIA as fancy vivid orangey yellow diamonds• Desirable to the gem/jewelry trade

4. 2015 possible low to high model prices applied to the coarse yellow SFD scenario results in low to high price range of$60 to $220 per carat

5. At this price the project is very attractive

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Potential value upside is based on SFD alone;

does not take into account the fact that the

yellow diamonds are fancy colours, worth a premium price, and of

interest to high fashion jewelry trade

Q1-4 - LARGE TONNAGE, EASY ACCESS

~700m

~200m

Q1-4 looking southwest: 12.5 ha kimberlite

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• Easy surface access to A28, A61 & A88 phases

• Current Q1-4 resource ~48Mt to 205m depth

• Modelling suggests extending the resource to 300m depth could result in strip ratio < 3:1

• 2017 drilling extended Q1-4 below 300m

Q1-4 DELINEATION DRILLING

• Several deep drill holes remained in kimberlite >100m beyond the current model and well below 300m from surface.

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B Looking North

Current TFFE

0 m

100 m

300 m

200 m

B

A

A’

B’

2017 drill holes on 2013 resource model

Looking West

A A’0 m

100 m

300 m

200 m

B’

Current TFFE

Q1-4 10,000 TONNE BULK SAMPLE PLAN

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Q1-4 Kimberlite

NAR Laydown Area

• Economic diversification -i) Access to aggregateii) Access to carving stoneiii) Tourism (outfitters; Parks Canada)iv) Evaluation of Q1-4

• Safer access to the land for traditional land use activities and education

• Entirely within municipal boundary• Community involved in route selection• Permitting underway

NAUJAAT PROJECT – WAY FORWARD

Timeline: Start construction in 2019 17

Community Access Trail

Community led initiative:

Economic & Cultural opportunities:

Funding:

• Opportunities for government funding

• Take advantage of access trail & free digging character - reduced cost & more local investment

• Test at least 3 phases (A28, A88, & A61)

• On site processing would allow for i) simultaneous collection/processingii) staged diamond recoveryiii) faster results

• Innovative flow sheet & recovery options

NAUJAAT PROJECT – WAY FORWARD

Timeline: Sample collection & diamond recoveries in 2020 18

~ 10,000t bulk sample

Sample Collection:

Sample Processing Options:

Bulk Sample funding:• Non-dilutive, project level funding options

Sample Goal:• Confirm coarse SFD & value upside of orange –

yellow diamonds in Q1-4

CORPORATE OVERVIEW – PROJECTS

EXISTING DIAMOND MINE 19

DIAVIKEKATI

VICTOR

RENARD

GAHCHOKUE

Discovery Stage

Mel Project (100%)

2

2

Kimberlite Field Discovered 2017

New diamondiferous kimberlite field

East central Melville Peninsula

18 km from ocean; 140 km south of Hall Beach; 210 km northeast of Naujaat

Three kimberlites discovered to date

Additional unexplained KIM anomalies

2018 property wide till samples

MEL – NEW CANADIAN DIAMOND DISCOVERY

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Mel Project

MEL PROJECT – 2018 TILL SAMPLING

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Arctic Ocean

ML8 Kimberlites

ML345 Kimberlite

447 till samples collected in 2018

Preliminary results outline several new target areas

Quaternary study – an important tool for interpretation of till results

910 km

Total Kimberlite Indicator Minerals

Mel Property Boundary

Barren Sample

Kimberlite

2018 Till Sample

New Target Areas from Prelim 2018 Till Results

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22

Legendpyrope garneteclogitic garnetilmenitechromitechrome diopside

drill hole

2 km

barren sample

18-ML-0418-ML-02 & 03

18-ML-05 & 06

18-ML-01

ML8 Upper and Lower Kimberlites

ML345 Kimberlite

MEL 2018 DRILL HOLE LOCATIONS

787.5 metres of drilling completed in six holes.

ML8 extended to over 170m in strike length; non magnetic intersections at depth -relationship unknown.

Discovery of ML345 in holes 05 and 06 – target is >400 long.

?

Drill Holes 18-ML-02 18-ML-03

Country RockKimberliteCracked Country Rock

ML8 (UPPER) & ML8 (LOWER) – SCHEMATIC CROSS SECTION

NEML8

(Upper)

Lake

SW

ML8 (Lower)

(18-ML-03 Looking South)23

MEL KIMBERLITES – EXCELLENT MANTLE SAMPLE

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olivine

pyrope garnet

ilmenite

MEL PROJECT - MICRODIAMOND RESULTS

25*Stones per tonne per Unit Interval

BodySampleWeightDry Kg

Number of Diamonds per Sieve Size (mm Square Mesh Sieve)+0.106-0.150

+0.150-0.212

+0.212-0.300

+0.300-0.425

+0.425-0.600

+0.600-0.850

+0.850-1.18

TotalStones

ML8 (Lower) 24.15 0 3 0 2 1 1 1 8ML8 (Upper) 270.5 20 16 17 10 1 2 3 69

1 cm

MEL PROJECT – PROXIMITY TO TIDE WATER!

OCEAN

ML-345

ML-8 Upper

ML-8 Lower

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EXISTING DIAMOND MINE 27

DIAVIKEKATI

VICTOR

RENARD

GAHCHOKUE

Discovery Stage

Loki Project (100%)

3

LDG Project(JV w Dominion; ~26% NAR)

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LAC DE GRAS PROPERTIES

• Large project area (147,200 ha) south of Diavik & Ekati; only 3 known kimberlites

• Dominion Diamond Mines (Operator) has renewed focus on discovery to extend Ekatimine life

• $2.87M 2019 exploration program to include exploration drilling

LAC DE GRAS PROPERTIES

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• 8,607 ha; 100% NAR • Kimberlite 465 discovered in 2018• Diamondiferous EG05 kimberlite• Additional targets near known kimberlites

and associated with unsourced KIMs• Planning underway for till sampling,

geophysics in 2019

Lac de Gras (LDG) Joint Venture (NAR ~26%)

Loki Property

EXISTING DIAMOND MINE 29

DIAVIKEKATI

VICTOR

RENARD

GAHCHOKUE

Discovery Stage

Pikoo Project (100%)

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PIKOO PROJECT, SK

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 kimberlite discoveries; 5 tested kimberlites are diamondiferous

PK150 – 1,232 diamonds > 0.106 mm from 531 kg

• Till sampling suggests more unique unsourced KIM trains

• 2018 staking of new claims bordering the west of the property

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PK150

PK314 &PK346

PK312

PK311

Mantle Nodule from PK150, 2016 drilling

2019/20 WAY FORWARD

2031

Naujaat Community access trail;bulk sample permitting & funding;revised geological model

Mel KIM results (447 till samples);geophysics & target generation

LDG $2.8M program including ground geophysics & exploration drilling

Loki Ground gravity, till sampling & target generation

Pikoo Till sampling & target generation

• One of Canada’s largest under-evaluated diamond inventories at Naujaat’s Q1-4 kimberlite (~26 million carats)

• Two new diamondiferous kimberlite fields – Mel & Pikoo

• 465 – first Lac de Gras kimberlite discovery in over 5 years

• 6 drill-ready (and fully permitted) diamond properties; including 5 thathost known diamondiferous kimberlite – Naujaat, Mel, Pikoo, Loki & LDG

DIAMOND DISCOVERIES: A CANADIAN LEADER

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NAR: Canadian diamond sector’s most active & successful explorer over the last 6 years

TSXV: NARKen Armstrong

President & CEO

Nick ThomasCommunity and Investor

Relations Manager

Suite 960-789 West Pender StreetVancouver, BC

Canada V6C 1H2Tel: +1.604.668.8354Fax: +1.604.336.4813

info@northarrowminerals.com

www.northarrowminerals.com

@narminerals

northarrowminerals