Canada’s Most Active Diamond Explorer...Up to +200 KIMs. Highest KIM counts were ~10 grains. Pre-2013: 2013 & 14: Focused on the potential cut- off. Extended Train up ice; up to

TSXV:NARTSXV: NAR

Canada’s Most Active Diamond Explorer

Corporate UpdateNovember 1, 2017

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.

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 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 July 31, 2017 (unless otherwise noted)

Capitalization

Listing: TSX Venture – NARIssued: 76.2 MOptions: 6.4 M

Warrants: 21.0 M (20 M at $0.40)

Fully diluted: 103.6 M*Estimated Working Capital: ~$2.9 M *(as of October 25th, 2017)

Main Shareholders

Management and Directors ~15.7%

Zebra Holdings and Investments ~12.5%

Electrum Strategic Opportunities Fund ~10.5%

Ross Beaty ~10.5%

Corporate Highlights

3

MARKET CAP COMPARISON COMPETITORS

Q1-4

5

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

$153.8

$57.5

$66.8

$17.6 $19.0

Mkt Cap ($M) as of Oct. 18, 2017

CHIDLIAK

FARADAY

KELVIN

STAR

ORION

Q1-4

NOTCH

KAHUNA

Kennady Peregrine Shore Gold

North Arrow

Dunnedin

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00

KDI PGD SGF DVI NAR

$8.25

$1.70$1.00

$4.38

$0.73

Mkt Cap / Carat as of Oct. 18, 2017

NAR also has the greatest exposure to discovery stage projects in Canada: Loki, LDG, Mel, Pikoo, Luxx

*Mineral resources are not mineral

reserves and do not have

demonstrated economic viability.

1 Kelvin / Faraday Deposits (18.6 M carats) 2Notch & Kahuna (3.2 M carats) 3Chidliak (15.6 M carats) & DO-27 (18.2 M carats) 4FALC (67 M carats) 5Q1-4 (26.1 M carats

MARKET CAP / CARAT IN THE GROUND

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) 20+ years CSR experience.

CORPORATE OVERVIEW - PEOPLE

Management Highlights

6

CORPORATE OVERVIEW – PROJECTS

EXISTING DIAMOND MINE 7

Grassroots

1. Timiskaming Project (80% with SWY) 1

DIAVIKEKATI

VICTOR

RENARD

GAHCHOKUE

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

1

4

5

Target development

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

DIAMOND EXPLORATION: A PORTFOLIO APPROACH

7

• Discovered two new kimberlite fields in Canada – Pikoo in 2013 & Mel in 2017.

• One of the largest diamond inventories in Canada with Naujaat’s 26 million carats.

• Six drill-ready (and fully permitted) diamond properties in Canada; four of which are already known to host diamondiferous kimberlite – Naujaat, Mel, Pikoo and Loki.

• Drilling planned for at least four of these six projects for 2018.

• Macro / microdiamond results pending for Naujaat Project.

NAR is the diamond sector’s most active and successful explorer for new deposits

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

8

LOCATION: IN NUNAVUT

Settled land claim.

Clear regulatory framework; mines CAN be permitted and built in Nunavut.

Four mines permitted in the last ten years.

NUNAVUT

MARY RIVER MEADOWBANK

NaujaatDiamond Project

9

Jurisdiction

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

NaujaatDiamond Project

10

Near Tide Water

Doris

Q1-4: LARGE TONNAGE WITH BLUESKY

• ~12 ha surface area.• Large tonnage

• 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 to 205 m. • 2017 drilling suggest potential to upgrade TFFE

below 205 m.• 15 additional kimberlite bodies that require

further assessment.

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 11

Naujaat

Q1-4 Kimberlite

Large Tonnage

Good inferred resource* grade

Blue sky potential

Q 1-4 RESOURCE ALL IN ONE BODY: LOW STRIP RATIO

Q1-4 (down to 305 m; inferred + TFFE)

Pit overlay is for demonstration purposes; conceptual in nature.

Common Canadian Deposit ScenariosMultiple 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 (inferred resources).• <3:1 down to 305 m (TFFE and inferred resources).• Reduces cost and helps to address lower grade of Q1-4.• Best comparable is De Beers’ Victor Mine, ON.

12

• Grade is ~50 cpht total diamond content: more modest grade compared to some Cdn deposits.

• Horseshoe shape, ‘all-in-one’ singular deposit reduces strip ratio required

Low Strip Ratio

VALUING ORANGEY YELLOW DIAMONDS

Q1-4 contains a unique population of valuable fancy orangey yellow diamonds

*colour certification by Gemological Institute of America (GIA) & Canadian Gem Labs (CGL)**polished diamond value estimates by CGL Canadian Gem Labs

Polishing and Valuation• Certified* fancy orangey yellow diamonds - desirable to the gem/jewelry trade

• Round brilliant cuts maximize brilliance with no impact on colour

• ‘Fancy Vivid’ colours – highest (most valuable) saturation grade

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HIGHER VALUEFancy vivid orangey

yellow diamonds can be valued at a premium to

white diamonds of comparable size, cut and

clarity.

Significant potential upside for Q1-4 prices.

More diamonds needed

$0

$5,000

$10,000

$15,000

$20,000

$25,000

0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2

Fancy Intense VS1

Fancy Vivid VS1

Price per Carat forWhite G VS1

Price per Carat forWhite H VS1

Price per Carat forWhite Average G&H VS1

Carat Size

$US/

cara

t

ORANGEY YELLOW VS WHITE DIAMONDS - PRICING

VS1: April 2017 CGL Fancy Intense & Fancy Vivid Orangey Yellow vs Mar 2017 White G, H, & GH Average, Colour Rapaport Prices

Fancy Intense VS1

Price per Carat for White Average G&H

Price per Carat for White G&H Average VS1

Price per Carat for White H VS1

Q1-4: 2017 DRILLING & SAMPLING

• 3,469 m of drilling in 11 holes; ~2,440m of kimberlite.

• >10,000 kg kimberlite core sampled for microdiamond processing, mineral chemistry & petrography studies to support a new geological model in 2018.

• Size/extent of Q1-4 at depth (205 m to 305 m) confirmed.

• Potential to upgrade TFFE and add significant mineral resources below 205 m.

• 234 wet tonne mini-bulk sample collected & processed for macrodiamonds; results will help evaluate overall diamond value & distribution of coloured diamonds & will help guide plan to collect larger sample in 2018.

Q1-4: 2017 MINI-BULK SAMPLE

NEXT: SPRING DRILLING & SAMPLE PROCESSING

Spring Drilling Program

• ~3,500m to improve resolution of Q1-4 at depth; confirm tonnage to 300m.

• Improve spatial diamond dataset (grade) throughout the pipe.

• Revise geological model of Q1-4.

Land Use Permits

• Permit in place for drilling & 1500 t sample in 2018.

• Contemplating permit amendment to allow for up to 5,000 tonnes.

• Community visits currently being planned.

Diamond Recovery

• DMS processing of 200 t mini-bulk sample underway;

• Caustic Fusion of core samples for microdiamonds also underway.

During/after field program

• Seek update on low to high value range of diamond parcel including new diamond information.

• Revisit internal desktop study & expedited PEA using bracketed valuations.

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MEL PROJECT – NEW DIAMOND DISCOVERY

Mel Project

4

7,500 hectares on the Melville Peninsula.

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

Acquired in 2013, NAR exploring for the last 4 years; 1 to 6 days every summer; total spend to discovery ~$800,000.

Exploration permits are in place for 2018 drilling; additional staking currently underway.

10 km

“Mel North”

“Mel South”

Two target areas: “Mel North” and “Mel South”.

Most work has focused on Mel North.

2017 kimberlite discovery located at Mel North.

MEL PROJECT - NU

195

ArcticOcean

MEL NORTH EXPLORATION: 2013 to 2017

Sample yielded over 1300 KIMs

>200 samples to define KIM Train.

Up to +200 KIMs.

Highest KIM counts were ~10 grains.

Pre-2013:

2013 & 14: Focused on the

potential cut-off. Extended Train up

ice; up to 23 grains.

111 samples. Train is cut-off. +1,300 KIMs means

close to source.

2015:

2016:

6

Historic Data and NAR 2013-2016

At least three distinct indicator trains

pyrope garneteclogitic garnetpyropechromitechrome diopside

ML-8 Kimberlite discovery

ML-8 KIMBERLITE DISCOVERY

100 m long by 10 m wide area with

float in moss & boulder

piles

8

ML-8 Kimberlite Discovery Hand Sample – Weathered Surface

10 cm

Eclogitic garnets

Illmenite

9

Micro-xenolith : garnet in olivine macrocryst 10

Garnet & Olivine Macrocrysts

ML-8 KIMBERLITE – POLISHED HAND SAMPLES

1 cm

1 cm

ML-8 MICRODIAMOND RESULTS COMPARISON

11

1

10

100

1000

10000

100000

1000000

10000000

100000000

1E+09

0.00001 0.0001 0.001 0.01 0.1 1

Mel Project: ML-8 Kimberlite SPTUI* vs Aviat (AV-1) and Q1-4

Aviat (946kg)

Q1-4 (321kg)

ML-8 (62 kg)

Number of Diamonds per Sieve Size (mm Square Mesh Sieve)SampleWeightDry Kg

+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

62.1 9 3 5 4 0 1 1 23

*Stones per tonne per Unit Interval

Sample yielded over 1300 KIMs

12

MEL – POTENTIAL FOR MORE DISCOVERIES

Historic Data and NAR 2013-2016

pyrope garneteclogitic garnetpyropechromitechrome diopside

Vertical magnetic gradient colour grid

ML-8 Kimberlite Discovery at head of Train 1

Sample yielded over 1300 KIMs

12

MEL – POTENTIAL FOR MORE DISCOVERIES

Historic Data and NAR 2013-2016

pyrope garneteclogitic garnetpyropechromitechrome diopside

Vertical magnetic gradient colour grid

Identified magnetic targets

ML-8 Kimberlite Discovery at head of Train 1

Vertical Gradient Colour Grid

MEL - 2018 POTENTIAL DRILL TARGETS

Sample yielded >1,300 KIMs

14

ML-8

L111

10

L111

70L1

1200

ML-8 Kimberlite

COINCIDENT MAG TARGET AT ML-8 DISCOVERY

15

ML-8 ML-1L11110L11200

S NSN

ML-9 MAG TARGET AREA

View west from ML- 9 Mag Target: Permissive Area Potential Drill Target

ML-9 Profile

16

MEL KIM TRAIN 2

Sample with >1,300 KIMs

17

Historic Data and NAR 2013-2016

pyrope garneteclogitic garnetpyropechromitechrome diopside

Vertical Gradient Colour Grid

> 1,300 KIMs

ML-3 TARGET - KIM TRAIN 2

18

MEL PROJECT – PROXIMITY TO TIDE WATER!

19

ML-3

ML-9

ML-1

OCEAN

20

ML-8

MEL PROJECT – WHAT’S NEXT

1. Staking underway to expand project area.

2. 2018: geophysics & drilling of ML8 and other kimberlite targets.

3. All exploration permits are in place for 2018 exploration.

4. Detailed study of quaternary geology to aid in interpretation of unsourced KIM trains.

5. Petrologic characterization of ML-8 kimberlite & evaluation of the composition and abundance of KIMs for comparison against the project till database.

6. 2018 summer till sampling of expanded project area.

Proposed location of Mel Exploration Camp21

LAC DE GRAS PROPERTIES

23

• 8,607 ha; 100% NAR. • Untested targets near Monument kimberlites. • 5 known kimberlites including

diamondiferous EG05 - assessment of size & diamond content required.

• 2017 work– 302 line km heli mag /electromagsurvey plus four ground geophysical surveys over six targets.

• March 2018 drill program goal - kimberlite discovery and evaluation of EG-05.

Lac de Gras (LDG) Property

• Joint Venture: ~31% NAR, ~69% Dominion Diamond.

• 147,200 ha south of Diavik & Ekati.• 2017: 22 ground geophysical survey grids plus

>5,000 line km VTEM Plus heli-mag/EM survey.• 2018 drilling program goal – kimberlite

discovery.

Loki Property

New kimberlite discovery potential on both Lac de Gras properties in 2018

LAC DE GRAS PROPERTIES – LOKI PROJECT

EG05 Kimberlite

5 km

• Multiple untested mag targets with KIM (pyrope) support.• EG05 kimberlite - discovered in 1999; needs further

assessment of size, geology, diamond content.• Other unsourced trains being defined.

Indicator trainIce Direction

PIKOO PROJECT, SK

24

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; 1,232diamonds > 0.106 mm from 531 kg.

• Till sample results suggest more unique unsourced KIM trains.

• 2017: 42 till samples to better defined South Pikoo and Bear Lake drill targets.

PIKOO PROJECT – DISTINCT INDICATOR TRAINS

25

Ice Direction

Ice Direction

PK314 &“North PikooDykes”

PK312

PK311PK150(plus PK151 and 2 otherdykes)

PK346

PK347

Deeper colour = more KIMs

Known kimberlites

?Priority Targets

?

?

? ?

?

?

?

?

? ?

?

Till sampling works.

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 focused on area south of PK150 and Bear Lake area in south east.

GOLD – HOPE BAY ORO PROJECT, NU

4 kmTMAC’s Hope Bay Mine

Ida Point Showing

26

Doris MountainDoris Mountain

~3km NNE of TMAC’s Doris Gold Mine.

Host stratigraphy to Doris 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.

NORTH ARROW - THE WAY FORWARD

Project Commodity Interest CommentNaujaat - NU(Q1-4 kimberlite)

Diamonds 100% 2017 – Mini-bulk sample & microdiamond results; Modelling 2017 drilling results2018 – Microdiamond results; delineation drilling; bulk sample leading to PEA

Mel - NU Diamonds 100% 2017 – Staking underway; KIM characterization2018 – Drilling & Geophysics

Loki - NWT Diamonds 100% 2017 – March Drilling of EG05 & expl’n targetsLac de Gras -NWT

Diamonds ~35%JV with DDC

2017 – Airborne & Ground Geophysics results 2018 – Winter drilling

Pikoo - SK Diamonds 100% 2017 - Till sample results2018 – permitted for drilling /sampling to define more targets.

Luxx - NU Diamonds 100% Permitted with drill ready targetsTimiskaming -ON

Diamonds 80% Ongoing database evaluation

Hope Bay - NU Gold 100% Northern Hope Bay greenstone belt3km north of TMAC’s Doris Gold MineSeveral Au showings / JV potential

GrassrootsDiscovery StageAdvanced Stage Brownfields Gold

30

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

[email protected]

www.northarrowminerals.com

@narminerals

northarrowminerals