North Arrow Minerals Inc. reported initial lithium assays from spodumene pegmatites discovered in July 2023 at the company's 100% owned LDG Property, Northwest Territories, and that mobilization is underway for a fall exploration program at the property. Highlights of this news include: Five of seven representative grab samples from the SD4 spodumene pegmatite have returned from 1.10% Li2O to 2.17% Li2O. Seven of eight rock sawn channel samples from the SD2 spodumene pegmatite have returned from 0.40% Li2O to 1.70% Li2O.

Based on mapping of low-relief outcrop exposures, SD2 and SD4 are interpreted as steeply dipping (75-80 degrees) feldspar-quartz-muscovite-spodumene pegmatites, estimated at 10-20 m wide and over 400 m in strike length. The pegmatites are located approximately 2 km apart and remain open below overburden along strike. Spodumene is coarse grained and locally abundant in both pegmatites, reaching 15% to 20% in some outcrops.

Follow up exploration field work is underway with planned work to include mapping, prospecting and ground magnetic surveys as well as spotting initial proposed drill holes ahead of a spring 2024 exploration drill program. The LDG property covers an 18 km corridor of underexplored metasedimentary rocks located adjacent to a fertile, two-mica granite, very similar in age and setting to the host rocks of the spodumene pegmatites of the Yellowknife Pegmatite Province. At LDG, less than seven kilometres of this prospective trend have been prospected to date and, in addition to SD2 and SD4, at least five other pegmatites, up to 50 m wide, have been identified and require further mapping and sampling to understand their potential to host significant lithium mineralization.

Located within 5 km of the winter road infrastructure connecting Yellowknife with the Lac de Gras region, the size potential and lithium mineralization of the SD2 and SD4 pegmatites highlight the potential of the LDG property to host a significant spodumene lithium discovery on par with the Yellowknife Pegmatite Province. Current field work is expected to include prospecting for additional spodumene pegmatites, bedrock mapping, rock and soil sampling and ground magnetic surveys. Sample Collection, Laboratory Procedures and QA/QC: Samples were collected in the field from rock sawn channels or as representative grab samples using a rock hammer.

Channel samples were cut using a portable rock saw, with sampled material collected at 1 m intervals, chipped from between parallel incisions cut nominally 3-4 cm apart and 3-4 cm deep. Individual channel and grab samples were collected into plastic polymer bags, sealed and transported to ALS Global, where sample preparation and analytical work was conducted. Samples were prepared using ALS method CRU-31 (crushing to 70% passing through a 2 mm screen), SPL-21 (split sample - riffle split), and PUL-31 (pulverize up to 250 g to 85% passing through a 75-micron screen).

A 0.2 g subsample of the pulverized material was analyzed for 52 elements using a sodium peroxide fusion by ICP-MS (ALS method ME-MS89L). Samples returning >500ppm Li were also assayed using a 0.2 g subsample dissolved in a sodium peroxide solution and analyzed for lithium according to ALS method Li-ICP81. Lithium results are reported by the lab as % Li and have been multiplied by 2.153 to convert to % Li2O.

Results passed QA/QC screening at ALS.