Canadian Arrow 0.5M Financing & Property Option Agreement with San Gold Corporation
06.27.12 -

https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxjYW5hZGlhbmFycm93bWluZXN8Z3g6Njg5NDEwMmQyOWY0MWM1Zg

http://www.canadianarrowmines.com/cro/homepage/

CANADIAN ARROW UPDATE INCREASES ALEXO KELEX INDICATED RESOURCES BY 95%

http://finance.alphatrade.com/story/2011-05-02/CNW/201105020958CANADANWCANADAPR_C8416.html

Canadian Arrow Mines (CDARF)
0.1234 ? 0.0 (0.00%)
Volume: -
Bid Ask Day's Range
- - - - -
CDARF Detailed Quote

I'm on top of this one too. Haven't bought yet but will soon.

Canadian Arrow Mines (CDARF) $0.1371
Volume: -
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- - - - -
CDARF Detailed Quote

Canadian Arrow Mines CRO.V/CDARF.pk Nickel

The latest Preliminary Economic Assessment and
NI 43-101 resource estimate for Kenbridge outlined
97.7M lbs of nickel, 52.3M lbs of copper and 2.6M
lbs of cobalt from a combined open pit and underground
mining/milling operation. A 2,000 ft shaft
already exists onsite.

http://www.canadianarrowmines.ca/investor_relations/pdf/kenbridge_fact_sheet.pdf
MWM thank you good info

Its a bargain price - 4yrs ago when nickel was higher it was
much higher in price -


http://metalsplace.com/news/articles/33641/interview-nickel-zinc-to-go-up/

Canadian Arrow Mines CRO.V/CDARF.pk Nickel

The latest Preliminary Economic Assessment and
NI 43-101 resource estimate for Kenbridge outlined
97.7M lbs of nickel, 52.3M lbs of copper and 2.6M
lbs of cobalt from a combined open pit and underground
mining/milling operation. A 2,000 ft shaft
already exists onsite.

http://www.canadianarrowmines.ca/investor_relations/pdf/kenbridge_fact_sheet.pdf

Canadian Arrow Mines (CRO)
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Canadian Arrow Mines (CRO)
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Canadian Arrow Mines (TSX:CRO)
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Canadian Arrow Mines (TSX:CRO)
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Canadian Arrow Mines (TSX:CRO)
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CANADIAN ARROW MINES LIMITED (T
(CDNX: CRO.V)
Last Trade: 0.0750
Trade Time: Jun 18
Change: 0.00 (0.00%)
Prev Close: 0.075
Open: 0.075
Bid: 0.0750
Ask: 0.0850
1y Target Est: N/A
Day's Range: 0.07 - 0.0750
52wk Range: 0.04 - 0.35
Volume: 20,000

Welcome To Canadian Arrow Mines -


http://www.canadianarrowmines.ca/homepage/

Canadian Arrow announces private placement of units
Thursday April 16, 2009, 9:15 am EDT
SUDBURY, ON, April 16 /CNW/ -

Canadian Arrow Mines, Ltd. -
(CRO: TSX-V)

Canadian Arrow Mines Limited (TSXV-CRO) (the "Corporation") has negotiated a non-brokered private placement of up to 10,000,000 units ("Units") to raise gross proceeds of up to $500,000. Each Unit will be issued at a price of $0.05 and be comprised of one common share of the Corporation and one-half of one common share purchase warrant (each whole such warrant being referred to herein as a "Warrant").

Each Warrant will entitle the holder thereof to purchase one common share of the Corporation (a "Warrant Share") for a period of 24 months following the closing at an exercise price of $0.10. In the event that the closing price of the outstanding common shares of the Corporation on the TSX Venture Exchange is in excess of $0.15 for a period of 20 consecutive trading days at any time after the closing, the Corporation may, at its option, accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire at 4:00 p.m. (Toronto time) on the date which is the earlier of: (i) the 30th day after the date on which such notice is given by the Corporation; and (ii) the date which is 24 months after the closing. In connection with the offering the Company may pay a commission to certain entities out of the gross proceeds of the offering. The offering remains subject to regulatory approval.

Proceeds from the placement will be utilised by the Company for general working capital purposes.

The Company will have 81,147,522 shares outstanding following the completion of the offering, assuming that it is fully subscribed.

About Canadian Arrow:

Canadian Arrow Mines Limited (CRO-TSXV) is an experienced exploration and mine operating team that is focused on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Arrow operates in northwestern Ontario, Canada, near the towns of Kenora and Dryden. The company's main priority is the Kenbridge Nickel Project, a nickel-copper sulphide deposit containing over 44,000 tonnes of nickel in the measured & indicated classes. (Sedar, Aug 2008).

Investors are invited to visit Canadian Arrow's IR hub at http://www.agoracom/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence to CRO(at)agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.

This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


For further information

visit the website at www.canadianarrowmines.ca, or call toll free, 1-877-262-6354, or contact Canadian Arrow Mines, Ltd., R. Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail: kim@canadianarrowmines.ca
CHF Investor Relations, Julia Clark, Director of Communications, Tel: (416) 868-1079 ext. 236, E-mail: julia@chfir.com

Canadian Arrow announces extension of loan
Thursday March 5, 2009, 7:30 am EST
SUDBURY, ON, March 5 /CNW/ -

Canadian Arrow Mines, Ltd. -
(CRO: TSX-V) (the "Company"), is pleased to announce that it has reached an agreement with an arms-length third party lender to extend the term of its $1,500,000 loan to January 31, 2011.

The loan which was announced by press release on May 26, 2008 is secured by a charge against all of the Company's assets, bears interest at a variable rate per annum equal to prime plus 2% calculated daily and compounded monthly and matures on the earlier of (i) the date on which an event of default occurs under the loan or the security, (ii) the date on which Canadian Arrow completes any equity or debt financing after the date hereof for net proceeds of at least $5,000,000, and (iii) January 31, 2011.

In connection with the extension, the Company also agreed that the lender would have an option to have all or a portion of the loan repaid in common shares of the Company any time after the completion of an equity financing by the Company, with the deemed issue price of such shares being equal to the issue price under the financing. Furthermore, the Company was provided with an option of repaying the loan through the transfer of an interest in its Kenbridge property.

The revised note as well as the ability to repay in either common shares of the Company or the transfer of the property interest will be subject to the receipt of all necessary regulatory approvals including the TSX Venture Exchange.

Investors are invited to visit Canadian Arrow's IR hub at http://www.agoracom/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence to CRO(at)agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.

This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.

If you would like to receive press releases via email please contact:
Mirna(at)chfir.com.

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.

THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS
PRESS RELEASE.


For further information

visit the website at www.canadianarrowmines.ca, or call toll free, 1-877-262-6354, or contact: Canadian Arrow Mines, Ltd., R. Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail: kim@canadianarrowmines.ca
CHF Investor Relations, Barry Leung, Director Business Development, Tel: (416) 868-1079 ext. 222, E-mail: barry@chfir.com
or Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, E-mail: alison@chfir.com

CANADIAN ARROW MINES LIMITED (T
(CDNX: CRO.V)
Last Trade: 0.06
Trade Time: 11:11am ET
Change: 0.00 (0.00%)
Prev Close: 0.06
Open: 0.06
Bid: 0.05
Ask: 0.06
1y Target Est: N/A
Day's Range: 0.06 - 0.06
52wk Range: 0.04 - 0.42
Volume: 1,000

Canadian Arrow Mines Limited (Tier2) (CRO) $ 0.34
Change: - (-%)
Volume: 25,000
7:59:59 EDT
Jun-3-08

God Bless

Canadian Arrow Mines Ltd. (CRO:CA) $0.40 $0.03 (+8.11%)
Volume: 374.85 k
1:55 PM EDT Apr 22, 2008

Canadian Arrow Mines Announces Increase in Underwriters' Option in Previously Announced "Bought Deal" Financing -



/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.

NEWSWIRE SERVICES/

SUDBURY, ON, March 29 /CNW/ - Canadian Arrow Mines Ltd. (CRO:TSX-V) (the "Company") is pleased to announce that it has amended the terms of the previously announced bought deal with Canaccord Capital Corporation ("Canaccord") to increase the size of the underwriters' option granted to Canaccord by 3,500,000 units (the "Units") subject to the approval of the TSX Venture Exchange and, if required by the Exchange, a majority of the shareholders of the Company (which may be obtained by the written consent of shareholders holding more than 50% of the outstanding common shares of the Company). Under the amended agreement, Canaccord now has the option to purchase up to an additional 5,000,000 Units at any time up to 48 hours prior to the closing date. If the full underwriters' option is exercised, Canaccord will purchase up to a total of 5,000,000 additional Units, for additional gross proceeds of C$2.5 million. Assuming that the underwriters' option is exercised in full, the total gross proceeds to the Company from this financing will be C$7,500,000.

Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant, expiring 18 months from the closing date, will entitle the holder to subscribe for one additional common share at a price of C$0.70.

The Company plans to use the net proceeds of this financing to continue exploration of the Company's mineral properties and for general working capital purposes.

The offering is scheduled to close on or about April 17, 2007 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities to be issued under this offering will be offered by way of private placement exemptions in all the provinces of Canada, offshore and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The Company and Canaccord agree that the Units will not be offered or sold in the United States or to, or for the account of, United States persons except to accredited investors pursuant to the exemption from the registration requirements contained under the United States Securities Act of 1933, as amended to deal with the possibility that the Units may be sold to United States persons.

About Canadian Arrow Mines, Ltd.

Canadian Arrow Mines, Ltd. is an established Canadian exploration and development Company committed to developing and advancing base metal deposits close to existing infrastructure through exploration, development and acquisition. Shares of Canadian Arrow Mines trade on the TSX Venture Exchange under the symbol "CRO".

If you would like to receive press releases via email please contact: ana@chfir.com

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL

RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER

APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.

Source: Canada NewsWire (March 29, 2007 - 2:06 PM EDT)

News by QuoteMedia
www.quotemedia.com



http://app.quotemedia.com/quotetools/popups/story.jsp

http://www.investorshub.com/boards/board.asp?board_id=7957

Nickel, up 300% in a year -

CRO - only back to were it was -
long time ago -



History repeat itself -



CRO has added great values since 2004 -

a fair market value hasn't started to reflex it yet -

with the higher metal price we should be at least 5 times higher -

its a good a start -
its a beginning - 2nd LT wave -

we are lucky to get some old
great Canadian nickel mines -

let's go after the PGM's too -

The Arrow & Nickel target moon -

http://www.investorshub.com/boards/board.asp?board_id=7957

http://www.investorshub.com/boards/board.asp?board_id=5398
Imo. Tia.
by: RRothschild at another board

Nickel hits new record high for second day running -
Source: AFX
Thu, Mar 8 2007 –

http://metalsplace.com/metalsnews/?a=10639

Nickel surged to a new record high for a second day running,
as the metal remained supported by critically low stocks
and strong demand from the stainless steel sector.

Also, a tentative recovery in global equity markets was underpinning prices in all metals, analysts said.
London shares opened firmer this morning while over in Asia,
the Nikkei and the Hang Seng index both closed higher.

Last week, a global equities slump sparked by a 9 pct plunge
in the Chinese stock market last Tuesday sent base metals
prices lower on fears slower global economic growth
might crimp demand.

At 10.43 am, LME nickel for 3 month delivery was at 42,700
usd a tonne, hitting a new all time high of 43,150 usd
earlier.
Yesterday, the metal hit what was then an all time high
of 42,350 usd.

'Nickel is continuing where it left off yesterday and the day
before based on strong fundamentals, (LME) stocks are
down again today ... stainless steel sector demand is
strong,' said BaseMetals.com analyst Martin Hayes.

Stainless steel demand accounts for about 70 pct of total
nickel consumption, and Hayes said there is very little
evidence this demand is abating or that manufacturers
are looking to substitute.

He added there also is very little new supply scheduled
to come on stream any time soon and that this, along with
the factors listed above, point to 'higher numbers down
the road'.

The LME said in a daily report that its nickel stocks fell
222 to total 3,426 tonnes.
This leaves less than 3,000 tonnes available to the market –
equivalent to less than a day's worth of global consumption.

Tin was up at 13,700 usd a tonne against 13,600 usd at
the close yesterday, still benefiting from news out
yesterday Indonesia is considering export quotas to put
a floor of 12,000 usd a tonne under prices.

'Tin is the other metal we like as we think the market has
not taken on board the extent of the potential
disruptions,' said BaseMetals.com analyst William Adams.

Tin has surged to ever higher record levels this year
as authorities in Indonesia, the world's largest tin
exporter, have begun a clampdown on illegal tin mining.

Lead was up at 1,880 usd a tonne against 1,850 usd at
the close yesterday, underpinned by news of a blast at
a Zinifex lead smelter at Port Pirie in Australia.

Copper was up at 6,305 usd a tonne against 6,140 usd at
the close yesterday, aluminium was up at 2,745 usd
against 2,730 usd while zinc was up at 3,400 usd against
3,360 usd.

http://metalsplace.com/metalsnews/?a=10639

http://www.investorshub.com/boards/board.asp?board_id=7957

Cdn Arrow Mines flies over Kenbridge, other projects -

Canadian Arrow Mines Ltd (C:CRO)
Shares Issued 34,137,880
Last Close 1/31/2007 $0.41
Thursday February 01 2007 - News Release

Mr. Dean MacEachern reports

CANADIAN ARROW BEGINS AIRBORNE GEOPHYSICAL SURVEY ON NICKEL-COPPER PROPERTIES; DRILLING TO BEGIN SHORTLY

Canadian Arrow Mines Ltd. -
has initiated an airborne geophysical survey over the
company's Kenbridge, Denmark Lake, Chief Peter Lake,
Eva Lake, Kawane and Abiwin nickel-copper projects
located in Northwestern Ontario.

The 1,100-line-kilometre airborne ATEM and magnetic survey
has been contracted to Aeroquest Ltd. which has mobilized
a field crew to complete the survey over the next few weeks.
The objective of the airborne survey is to provide a modern geophysical database from which the company will generate
nickel sulphide exploration targets to be tested by
diamond drilling in 2007.

The company also reported that it has negotiated for a 5,000-metre diamond drilling contract to drill test nickel sulphide targets identified at the Kenbridge nickel deposit
and other regional targets which may be generated from
airborne survey.
The drill program is scheduled to begin shortly after the completion of the survey.

Dean MacEachern, Canadian Arrow's vice-president of exploration, commented:
"The airborne survey will be flown over our extensive
property position including the known nickel sulphide
showings and the Kenbridge nickel deposit.
It will provide an excellent database from which to design
an aggressive exploration program.
In order to provide year-round access to the Kenbridge
deposit in advance of the significant diamond drilling
program that we anticipate beginning within the next
few weeks, we are constructing an all-season trail
into the property.
The proximity of our projects to existing infrastructure
will allow us to quickly evaluate the nickel sulphide
potential of any potential geophysical anomalies while
we concurrently advance the Kenbridge deposit."

The exploration program is being carried out under the
direction of the company's exploration manager, Todd Keast,
PGeo, a qualified person as defined by National Instrument 43-101.
The information in this release was prepared under the
direction of Mr. MacEachern, PGeo, a qualified person as
defined by National Instrument 43-101.

http://www.investorshub.com/boards/board.asp?board_id=7957

Canadian Arrow Mines acquires four nickel-copper properties
in the Atikokan area of northwestern Ontario
SUDBURY, ON, Jan. 3 /CNW/ -

Canadian Arrow Mines, Ltd.
(CRO: TSX-V) (the "Company") is pleased to report the
signing of two different option agreements to acquire
a 100%-interest in the Chief Peter Lake Property
and 100%-interest in the Eva Lake Property,
the Kawene Property
and the Abiwin Property,
all located near Atikokan, northwestern Ontario.

All these new acquisitions are situated in areas that cover
a number of historical nickel, copper and platinum
element group (PGM) showings.

The Chief Peter Lake Property covers three
ultramafic intrusions with trench samples of
2.2% Cu, 0.5% Ni, and 2.1 g/t PGM.

The Eva Lake Property consists of an ultramfic intrusion
with known surface showings returning grab samples
assaying 1.29% Cu, 0.39% Ni, and 2.1 g/t PGM.

The Kawane Property and the Abiwin Property host
ultramafic intrusions with surface showings comparable
to the above mentioned properties.
All these new acquisitions have not been evaluated
with significant diamond drill programs, nor have they
been explored with modern geophysical survey methods.

Dean MacEachern, Canadian Arrow's VP Exploration, commented:
"The addition of these properties into our
exploration portfolio is consistent with our
corporate strategy and are suitable compliments to
our existing Kenbridge Nickel Deposit
and Denmark Lake Property.
The proximity of the projects to existing infrastructure
and to the Company's Kenbridge project allows us to
quickly evaluate the nickel sulphide potential of
these projects as we concurrently advance
the Kenbridge deposit."

The Chief Peter Lake property is located in an area
of excellent infrastructure and includes six claims
(68 units).
The property option requires payments from the
company totaling $75,000 and 120,000 shares over a
three-year period and the Company has to spend $136,000
in exploration expenditures over a four-year period.
The Eva Lake, the Kawene and Abiwin properties include
three claims (26 units).
The property agreement requires payments from CRO
totaling $60,000 and 62,500 shares over a three-year
period and the company is required to complete $52,000
in exploration expenditures over a four-year period.
Once the Company exercises the option, the vendors will
retain a 2% net smelter return royalty on these properties.
Both transactions are subject to regulatory approval.

"2007 is sure to be very active for Canadian Arrow
as we develop our growing property portfolio and look
forward to SRK Consulting's NI 43-101 resource estimate
on the Kenbridge Deposit," added Mr. MacEachern.
(see press release dated Dec.21,2006)

About Canadian Arrow Mines, Ltd.

Canadian Arrow Mines, Ltd.
is an established Canadian exploration and development
Company committed to developing and advancing
base metal deposits close to existing infrastructure
through exploration, development and acquisition.
Shares of Canadian Arrow Mines
trade on the TSX Venture Exchange under the symbol "CRO".

If you would like to receive press releases via email
please contact:
ana@chfir.com.

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS
PRESS RELEASE.

%SEDAR: 00008534E

Source: Canada NewsWire (January 3, 2007 - 9:00 AM EST)

News by QuoteMedia
www.quotemedia.com

Its a nice breakout -



don't sit on the fence -
too long -




Merry Christmas -

Canadian Arrow Mines completes shares for debt -
and relocates head office -
SUDBURY, ON, Dec. 1 /CNW/ -

Canadian Arrow Mines, Ltd. -

(CRO: TSX-V) Canadian Arrow today announced that further
to its news release of October 23, 2006, it has settled
an aggregate of $365,000 of debt by issuing a total
of 600,000 common shares of the Company at a deemed
issue price of $0.15 per share and a total
of 1,100,000 common shares of the Company at a
deemed issue price of $0.25 per share.

All securities issued pursuant to this transaction are
subject to a Canadian hold period expiring March 30, 2007.

Canadian Arrow also announced that effective
November 22, 2006, it has

changed the address of its head office as follows:

236 Cedar Street
Sudbury, Ontario
P3B 1M7
Phone: (705) 673-8259
Fax: (705) 673-5450

About Canadian Arrow Mines, Ltd.

Canadian Arrow Mines, Ltd.
is an established Canadian exploration and development
Company committed to developing and advancing base metal
deposits close to existing infrastructure through
exploration, development and acquisition.
Shares of Canadian Arrow Mines trade on the
TSX Venture Exchange under the symbol "CRO".

If you would like to receive press releases via email
please contact:

ana@chfir.com.

Canadian Arrow Reports Results for Hart and Mann Properties; Intercepts 1.66% Ni over 4.48 metres -
Tuesday April 4, 8:30 am ET
TIMMINS, ON, April 4 /CNW/ -

Canadian Arrow Mines, Ltd.
(CRO: TSX-V) has received final assay results
from drilling completed on their 100% owned
Hart and Mann Properties, both located near
Timmins, Ontario.

Of significance was hole H-05-1 drilled on
the Hart property that returned values
of 1.66% Ni, 0.11% Cu, 0.03% Co and 0.43gpt
PGM at the interpreted base of an ultramafic
flow unit.

The program consisted of 1,268 metres of
diamond drilling targeted on areas of known
nickel sulphide mineralization and
geophysical anomalies interpreted to
represent prospective nickel copper sulphide
accumulations.

A complete list of drill intersections is
provided in the table below.

-------------------------------------------------------------------------
From Width PGM(x)
DDH No. Location Az/dip m To m m Ni % Cu % Co % gpt
-------------------------------------------------------------------------
2465 330/-
H-05-1 4067 45 14.37 18.85 4.48 1.66 0.11 0.03 0.43
-------------------------------------------------------------------------
2465 330/-
H-05-2 4067 60 19.00 22.40 3.40 0.97 0.04 0.02 0.22
-------------------------------------------------------------------------
2500 330/-
H-05-3 4050 45 47.80 48.90 1.10 0.52 0.05 0.03 0.24
-------------------------------------------------------------------------
2500 330/-
H-05-4 4050 60 54.50 56.50 2.00 0.42 0.04 0.02 0.41
-------------------------------------------------------------------------
2500 330/-
H-05-5 4050 70 55.50 60.50 5.00 0.56 0.04 0.18 0.38
-------------------------------------------------------------------------
PGM(x) gold+platinum +palladium

Canadian Arrow VP Exploration
Dean MacEachern said, "management is
encouraged with the recent drill results of
the Hart property that
successfully established the nature of the sulphide mineralization and the
orientation of the ore shoots.

The Company is assessing the possibility of
additional drilling to determine the plunge extent
of these identified
embayments and potential to host nickel-sulphide
mineralization."

The Hart property is located 28 kilometres southeast
of Timmins and lies
along strike of several past producing nickel sulphide
mines including the
Langmuir No. 1 and No. 2 and the Redstone Mine.
These deposits are "Kambalda
style" ultramafic flow hosted deposits with Ni-Cu sulphide mineralization
positioned in trough like embayments at the base of the host ultramafic unit.
Historical drilling on the Hart property has intersections of 2.1% Ni over
4.57 metres and 2.77% Ni over 2.2 metres.
Interpretation of the historical
drilling and the results of the Canadian Arrow drill program define a minimum
of four Ni-sulphide shoots with a steep easterly plunge.
Of the 26 historical
and Canadian Arrow holes documented on the zone, only 7 holes have been
drilled below the 150 metres level, with 24 of the holes restricted to testing
200 metres of the strike extent of the 800 metres long
ultramafic embayment.
In light of these results Canadian Arrow is
assessing the property in
order to determine how to best follow up with exploration
on the Hart
mineralized horizon.
The recent drilling indicates that the horizon has been
tested only over a limited depth and strike extent.
Additional drilling will
be required to determine the plunge extent of these
identified embayments and
potential to host nickel sulphide mineralization.
The Mann Trend properties are located
approximately 50 kilometres
northeast of Timmins and cover an area approximately
100 square kilometers in size.
High magnetic features interpreted to represent ultramafic
flows and
sills prospective for hosting nickel sulphide mineralization
were evaluated
with four diamond drill holes.
All holes intersected mafic/ultramafic geology
but failed to identify significant sulphide mineralization.
The 2005 exploration program at Hart and Mann was carried
out under the
direction of Todd Keast, P.Geo, a qualified person under
National Instrument 43-101.
All drill holes were logged and NQ core split.
Half of the core was
sent to Accurassay in Thunder Bay, Ont., for ICP analysis
and fire assay.
The Company employs a system of quality control for all
assays which includes the
regular use of standards and blanks and check assaying.
The information in
this release was prepared under the direction of
Dean MacEachern, P. Geo.,
Vice President Exploration for Canadian Arrow, a qualified
person as defined
by National Instrument 43-101.

About Canadian Arrow Mines, Ltd.
Canadian Arrow Mines, Ltd. is an established Canadian
exploration and
development Company committed to developing and advancing
high margin/high
profit base metal deposits close to existing infrastructure through
exploration, development and acquisition.
In December 2005, the Company
commenced 1,500 metres of diamond drilling at the Hart
and Mann nickel
properties located in the Timmins and Iroquois Falls
regions of northern Ontario.
Shares of Canadian Arrow Mines shares trade on
the TSX Venture Exchange under the symbol "CRO".

If you would like to receive press releases via email
please contact:
alison(at)chfir.com.

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO
TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
THE TSX VENTURE EXCHANGE NEITHER
APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.


For further information

visit the website at
www.canadianarrowmines.com,
or call toll free,
1-877-262-6354, or contact:
Canadian Arrow Mines, Ltd.,
Dean MacEachern, Vice President Exploration,
Tel: (705) 264-6211,
E-mail: dmaceachern@canadianarrowmines.com,
Website: www.canadianarrowmines.com
CHF Investor Relations,
Cathy Hume, CEO,
Tel: (416) 868-1079 ext. 231,
E-mail: cathy@chfir.com,
Website: www.chfir.com


Source: Canadian Arrow Mines Ltd.

http://biz.yahoo.com/cnw/060404/cdn_arrow_drill_rslts.html?.v=1

Keeping this one on watch!