Arrow Minerals Limited to share the results of the Company's initial mapping program conducted over the Simandou North Iron Project, Guinea. Arrow's geological team, led by Exploration Manager Mamadouba Yansane, undertook first pass reconnaissance geological mapping to outline the distribution of the iron hosting Simandou stratigraphy within the project area. The initial focus of the mapping program was to examine the zones directly associated with elevated magnetic responses identified in the historical aeromagnetic data and to visually verify and determine the distribution of potential high-grade iron zones within the broader stratigraphy on the project area. The geological map produced by the field team. highlighted the presence of the full Simandou Range stratigraphic sequence previously detailed by Cope et. al. in 2005 at Rio Tinto's Pic de Fon iron deposit. The team visually identified three lithological units with significant potential to host high-grade iron. Siliceous haematite ¡ the distribution of this unit throughout the project area confirms the potential for significant haematite bodies to occur. Haematite is the most important of the Simandou iron ores. Goethite-haematite ¡ these are two primary iron ore minerals with goethite forming via weathering of haematite. This is considered an important indication of the presence of iron bearing stratigraphy. Canga ¡ a ferruginous laterite consisting of fragments of iron formation cemented with limonite, which is generally proximal to subsurface iron bearing units. Canga can form a valuable ore in its own right, with iron as high as 68%. The location of the three high potential iron bearing lithologies mentioned previously, Siliceous haematite, Goethite-haemaitie and Canga, compare favorably with the historical geophysical data and imagery. This spatial association between geology and geophysics adds a level of confidence in the targeting techniques being
employed by Arrow. In parallel to the ongoing field work, Arrow has secured the raw historical airborne magnetic survey data flown in 2007 at no cost. This represents a massive saving for the Company in both time and money. The data has been passed on to an independent Australian based geophysical company that specialises in iron exploration, Mira Geoscience (Mira), for reprocessing using advanced geophysical software packages including 3D inversion technology. The work conducted by Mira will involve an iterative multi-stage modelling program, utilising the newly acquired geological information to improve the understanding and modelling of the target areas. Initially, modelling will focus on shallow high potential target zones. Stage 1 geophysical remodeling work is anticipated to be completed by Mira shortly. This geology mapping and the geophysical results from Mira will be combined to provide a comprehensive understanding of the Simandou North Iron Project and will allow the Company to target large high grade iron zones for initial drill testing early this year. The Simandou North Iron Project lies at the northern end of the Simandou Range and forms an extension of the stratigraphy that hosts one of the largest undeveloped high-grade iron deposits in the world, including Winning Consortium's (WCS) Block 1 & 2 with a reported measured, indicated and inferred mineral resource of 1.8 billion tonnes at 65.4% Fe and Rio Tinto Simfer's (Simfer) Simandou Project Block 3 & 4 with a total measured, indicated and inferred mineral resource estimate of 2 billion tonnes grading 65.5% iron.