VANCOUVER, BC, Feb. 28,
2024 /CNW/ - North Arrow Minerals
Inc. (TSXV: NAR) ("North Arrow") is pleased to
announce that Eira Thomas has been appointed as Chair of the Board
of Directors, effective February 28,
2024. Ms. Thomas succeeds D. Grenville (Gren) Thomas, who will remain as a
director after 17 years as the Company's Chair.
Ken Armstrong, President and
Chief Executive Officer of North Arrow, stated, "We are very
pleased to welcome Eira Thomas to North Arrow as Chair of the Board
of Directors. Eira has a long and successful track record in the
resource sector, in particular with identifying and building out
opportunities in the junior mining space." Mr. Armstrong continued:
"I'd like to extend my thanks and appreciation to Gren for his past
guidance as Chair and look forward to his continued involvement as
a director of the company."
Ms. Thomas, Chair of North Arrow's Board, stated: "As a
long-time advisor and supporter of North Arrow, I am delighted to
join the Company as Chair and help guide management through their
ongoing strategy of evaluating lithium occurrences identified on
three properties in 2023, extracting value from the Company's
portfolio of legacy diamond properties, and identifying new,
compelling exploration and development opportunities in
Canada."
Ms. Thomas brings more than 30 years of experience in the mining
industry, particularly in the diamond, gold and energy spaces. She
has held executive and board positions with a number of companies
over that period, including Aber Diamond Corp., Stornoway Diamond
Corp., Kaminak Gold Corp., and Lucara Diamond Corp., as well as 17
years as a director of Suncor Energy.
Pursuant to North Arrow's stock option plan, North Arrow has
granted 500,000 incentive stock options to a director. Each
incentive stock option is exercisable into one common share of the
Company, has an exercise price of 8
cents per share, and can be exercised until February 28, 2029.
About North Arrow
Minerals
North Arrow is a Canadian based exploration company focused on
the identification and evaluation of lithium and other exploration
opportunities in Canada. North
Arrow's management, board of directors and advisors have
significant successful experience in the global exploration and
mining industry. North Arrow is evaluating spodumene pegmatites at
its 100% owned LDG, MacKay, and DeStaffany Lithium Projects (NWT),
is exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field
and continues work to identify additional lithium exploration
opportunities in northern Canada.
North Arrow also owns interests in the Naujaat (NU), Pikoo (SK),
and Loki (NWT) Diamond Projects and maintains a 100% interest in
the Hope Bay Oro Gold Project, located approximately 3 km north of
Agnico Eagle's Doris Gold Mine,
Nunavut. North Arrow's exploration
programs are conducted under the direction of Kenneth Armstrong, P.Geo. (NWT/NU, ON),
President and CEO of North Arrow and a Qualified Person under NI
43-101.
North Arrow Minerals Inc.
/s/ "Kenneth A. Armstrong"
Kenneth Armstrong
President and CEO
Neither the TSX Venture Exchange nor its
Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.
This news release contains "forward-looking statements"
including but not limited to statements with respect to North
Arrow's plans, the estimation of a mineral resource and the success
of exploration activities. Forward-looking statements, while based
on management's best estimates and assumptions, are subject to
risks and uncertainties that may cause actual results to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to the successful integration of acquisitions; risks
related to general economic and market conditions; closing of
financing; the timing and content of upcoming work programs; actual
results of proposed exploration activities; possible variations in
mineral resources or grade; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes,
title disputes, claims and limitations on insurance coverage and
other risks of the mining industry; changes in national and local
government regulation of mining operations, tax rules and
regulations. Although North Arrow has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. North Arrow undertakes no
obligation or responsibility to update forward-looking statements,
except as required by law.
SOURCE North Arrow Minerals Inc.