Update on the positive year the rough and polished diamond markets have experienced, as well as detail on the Naujaat Diamond Project's 2021 2000 tonne bulk sample and processing. Pikoo overview also included.

1. TSXV: NAR
CANADA’S FUTURE
I N D I A M O N D S
Corporate Overview – December 17, 2021

2. This presentation contains projections and forward-looking information that involve various risks and
uncertainties, including, without limitation, statements regarding the potential extent of mineralization,
resources, reserves, exploration results and plans and objectives of North Arrow Minerals Inc. These risks
and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain
reliability of drilling results and geophysical and geological data and the interpretation thereof and the
need for adequate financing for future exploration and development efforts. There can be no assurance
that such statements will prove to be accurate. Actual results and future events could differ materially
from those anticipated in such statements. These and all subsequent written and oral forward-looking
statements are based on the estimates and opinions of management on the dates they are made and are
expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward
looking statements should circumstances or management's estimates or opinions change.
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 this presentation has been
reviewed and approved by Ken Armstrong, P.Geo. President and CEO of North Arrow and a Qualified
Person under NI 43-101.
2

3. CORPORATE OVERVIEW – as of Dec 17, 2021
CORPORATE
HIGHLIGHTS
3
CAPITALIZATION
TSX Venture NAR
Issued: 120.9 M
Options: 11.4 M
Warrants: 49.0 M
Fully diluted: 181.3 M
(25 M @ $0.225, 17.9 M @ $0.10)
MAIN SHAREHOLDERS
26%
9%
9%
9%
Ross Beaty
Lundin
Electrum
12 MONTH CHART
Float
46%
24 MONTH STOCK CHART
Insiders

4. D. Grenville Thomas (Chairman) Founder of Aber Resources, discoverer of the Diavik Diamond Mine; Canadian Mining
Hall of Fame inductee.
Ken Armstrong P.Geo. (President, CEO, Director and Qualified Person under NI 43-101) Diamond exploration &
evaluation experience w/ Diavik, Aber, De Beers, Navigator, and Stornoway.
Christopher Jennings (Director) Founder of SouthernEra, consultant to Aber; formerly with International Corona, BP
Minerals (Canada) and Falconbridge.
Blair Murdoch (Director) More than thirty years experience in senior management of private and public companies.
Torrie Chartier (Director) Currently CFO of Uravan Minerals; 20+ years of experience as a diamond exploration
geologist.
Eira M. Thomas (Advisor) Extensive diamond exploration and development experience in Canada and Africa; Founder,
CEO & director of Lucara; current director of Suncor; former officer & director of Aber and Kaminak,.
Robin Hopkins (Advisor) 25+ years diamond exploration, evaluation and development experience with Stornoway,
Navigator, and Aber.
Allison Rippin Armstrong (Advisor) 20+ years CSR experience; Ex-Kaminak Gold.
3
CORPORATE PROFILE
MANAGEMENT
HIGHLIGHTS
4

5. Rough diamond prices are
approaching the all time high
reached in 2011
GLOBAL ROUGH DIAMOND PRICE INDEX SINCE 2007
Quarterly Aggregated Rough Diamond Price Index
Paul Zimnisky, CFA is
a leading global
diamond industry
analyst based in the
New York City metro
area specializing in
global diamond
supply/demand
fundamentals and
the companies
operating within the
industry
8

6. RWE
RECENT ROUGH DIAMOND MARKET NEWS
Demand has improved – real concerns about long term supply
• December 6th 2021: Mountain Province (MPVD: TSX) generated $74 M in revenue from just over 1
million with EBITDA of $33 million, both marked the 2nd highest in a quarter for the company since
commercial production commenced in 2017.
• November 1st, 2021: Evgeny Agureev, Alrosa’s deputy CEO - “the current shortage of rough diamonds
could persist for several years. Alrosa has been buying rough from Gokhran, Russia’s state-run mineral
repository, in order to top up its historically low inventory and maintain supplies to buyers.”
• December 10th 2021: Evgeny Agureev, Deputy CEO of ALROSA - “Midstream inventories are currently
at low levels due to the limited availability of rough supplied by mining companies and continuously
strong consumer demand”.
• December Edition of Zimnisky State of the Diamond Market: “Year-over-year upstream production
declined in 2018, 2019 and 2020 and production is forecast to remain well-off the 2017 high-water
mark through at least 2025.”
SUPPLY AND
DEMAND
6

7. Paul Zimnisky, CFA is
a leading global
diamond industry
analyst based in the
New York City metro
area specializing in
global diamond
supply/demand
fundamentals and
the companies
operating within the
industry
Rough diamond prices have
risen 24.9% in 2021
GLOBAL ROUGH DIAMOND PRICE INDEX 2021
7

8. Rough diamond prices are
approaching the all time high
reached in 2011
GLOBAL ROUGH DIAMOND PRICE INDEX SINCE 2007
Quarterly Aggregated Rough Diamond Price Index
Paul Zimnisky, CFA is
a leading global
diamond industry
analyst based in the
New York City metro
area specializing in
global diamond
supply/demand
fundamentals and
the companies
operating within the
industry
8

9. DIAVIK
EKATI
VICTOR
RENARD
GAHCHO
KUE
1
Grassroots
7. Timiskaming (JV w SWY)
7
DIAVIK
EKATI
VICTOR
RENARD
GAHCHO
KUE
Discovery Stage
2. Pikoo (100%) Kimberlite discovery – 2013-16
3. Loki (100%) Kimberlite discovery - 2018
4. LDGJV (Dominion) Kimberlite discovery – 2019
5. Mel (100%) Kimberlite discovery – 2017-18
6. Luxx (100%) Permitted & drill ready
Advanced Stage
1. Naujaat (100%) Significant diamond inventory;
potential value upside: fancy orange-yellow diamonds
New partner earning 40%
Assessing a known kimberlite or
diamond deposit
8
Brownfields Gold
1
8. Hope Bay (100%) ~3km north of Agnico Eagle’s Doris Mine.
Next stage of diamond exploration
could lead to discovery
5
2
6
Target development
Within 3km of TMAC’s Doris Mine;
similar geology and structures
CORPORATE OVERVIEW – PROJECTS
PROJECT
PIPELINE
9

10. 1
Assessing a known kimberlite or
diamond deposit
1
PROJECT
PIPELINE
Fancy orangey-yellow
& yellow diamonds from Q1-4
Naujaat (100%)
• Largest Canadian diamond resource 100%
owned by a junior company
• New partnership with Burgundy Diamond
Mines (BDM – ASX)
• BDM has been funding a $5.6M, 2000
tonne sample extracted July & Aug 2021;
currently being processed at SRC, SK.
NAUJAAT DIAMOND PROJECT
10
Advanced Stage

11. Q1-4 KIMBERLITE
PROCESSING
• Sample processing and diamond recovery involves three main steps:
• Dense media separation (DMS) to create a heavy mineral concentrate
• Secondary process circuit that includes X-Ray Transmission (XRT) optical sorting
• Grease table recoveries.
• Concentrates produced by the XRT and grease circuits
are then hand sorted for final diamond recovery.
• The SRC is the first commercial diamond laboratory to integrate
XRT recovery technology into their processing circuit.
• DMS, XRT and grease table processing of the first of five subsamples
(approximately 255.7 wet tonnes) have been completed; will be reported early in 2022.
• Timetable for processing and reporting results from entire sample also to be announced in early 2022.
The sample was delivered to the Saskatchewan Research
Council (SRC) by November, 2021
The diamond parcel from this bulk sample intended to confirm that fancy
yellow and orangey yellow diamonds extend into coarser diamond sizes.
These fancy coloured diamonds could be a key value driver for potential
future development of the Q1-4 deposit.

12. NAUJAAT - FURTHER DERISKING AN ADVANCED PROJECT
Approximate
surface trace
of the Q1-4
kimberlite
(~12 ha)
Image view: Outline of Q1-4 kimberlite looking northwest
PROJECT
PIPELINE
This is about
whether there are
bigger diamonds
and what their
quality is like
THIS BULK SAMPLE
(collected in July & Aug of 2021)
NOT about kimberlite discovery
NOT about size of deposit
NOT about mineral chemistry
NOT about microdiamonds
NOT about whether there are commercial sized diamonds
These important diamond project risk hurdles have already been cleared at Q1-4
is…
Very few
diamond
projects get to
this stage of
assessment!
12

13. Approximate surface
trace of the Q1-4
kimberlite (~12 ha)
Image view: Looking northwest
PIT E
Sampling Unit
A88
Q1-4 SAMPLE: 3 PITS, 2 PHASES SAMPLED, 2000 TONNES
PIT B & D
Sampling the
Unit A28
13

14. PIT D
PIT B
15
CLICK HERE FOR
NARRATED 2021
SAMPLING PROCESS
VIDEO!!
BULK SAMPLE PROCESS FROM GROUND TO LAB

15. Q1-4 KIMBERLITE
PROCESSING
• Sample processing and diamond recovery involves three main steps:
• Dense media separation (DMS) to create a heavy mineral concentrate
• Secondary process circuit that includes X-Ray Transmission (XRT) optical sorting
• Grease table recoveries.
• Concentrates produced by the XRT and grease circuits
are then hand sorted for final diamond recovery.
• The SRC is the first commercial diamond laboratory to integrate
XRT recovery technology into their processing circuit.
• DMS, XRT and grease table processing of the first of five subsamples
(approximately 255.7 wet tonnes) have been completed; will be reported early in 2022.
• Timetable for processing and reporting results from entire sample also to be announced in early 2022.
The sample was delivered to the Saskatchewan Research
Council (SRC) by November, 2021
The diamond parcel from this bulk sample intended to confirm that fancy
yellow and orangey yellow diamonds extend into coarser diamond sizes.
These fancy coloured diamonds could be a key value driver for potential
future development of the Q1-4 deposit.

16. ✓ Jurisdiction
✓ Near tide water
✓ Large tonnage
✓ Low strip ratio
✓ Significant diamond inventory*
✓ Blue sky potential
* CAUTION – Inferred Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability
Unique diamond value
proposition
<3:1 vs >10:1 for NWT diamond mines
~48 Mt down to 205m below surface
~26M contained carats
15 additional kimberlites for evaluation
Freight costs 50% of NWT diamond mines
Clear permitting path in Nunavut GIA certified 0.13 carat
fancy vivid orangey
yellow brilliant cut
diamond from Q1-4
16
NAUJAAT PROJECT – TICKS ALL THE BOXES

17. EXISTING DIAMOND MINE
Discovery Stage
5. Pikoo (100%) Kimberlite Field
discovered by North Arrow
Next stage of diamond exploration
could lead to discovery
Excellent diamond potential
PIKOO DIAMOND PROJECT, SK
PROJECT
PIPELINE
DIAVIK
EKATI
VICTOR
RENARD
GAHCHO
KUE
5
17

18. PIKOO PROJECT, SK
▪ Good local infrastructure; within 10 km of SK Hwy 911.
▪ 10 discrete kimberlites discovered
▪ 5 tested and proven diamondiferous
▪ PK150 – most significant discovery: 1,232 diamonds > 0.106
mm from 531 kg.
PROJECT
PIPELINE
PK150
PK314 &
PK346
PK312
PK311
(100% NAR)
9
18

19. PIKOO PROJECT, SK
PROJECT
PIPELINE
23 +0.85 mm stones recovered
from initial 2013 209 kg PK 150 sample
Ice Direction
PK314
&“North Pikoo
Dykes”
PK312
PK311
PK346
PK347
PK150
(plus PK151
and another
dyke)
Deeper colour = more KIMs
Known kimberlites
?
Priority Targets
?
?
? ?
?
?
?
?
?
?
?
PK393
Target
Bear Lake
Target
(100% NAR)
Mantle Nodule from PK150, 2016 drilling
• Till sampling suggests additional,
unique and unsourced KIM trains
• More kimberlite discoveries to be made.
• Autumn 2021 till sampling program
completed; focused on new target areas;
sample results pending.
• Planning winter / spring drill program for
2022; subject to financing
19

20. • One of Canada’s largest under-evaluated diamond inventories
at Naujaat’s Q1-4 kimberlite (~26 million carats)
• Has discovered two new diamondiferous kimberlite fields –
Mel & Pikoo
• 6 drill-ready (and fully permitted) diamond properties;
including 5 that host known diamondiferous kimberlite
– Naujaat, Mel, Pikoo, Loki & LDG
DIAMOND DISCOVERIES: A CANADIAN LEADER
NAR:
Canadian
diamond
sector’s
most active
& successful
explorer
over the last
7 years
20

21. TSXV: NAR
Ken Armstrong
President & CEO
Nick Thomas
Community and Investor
Relations Manager
Suite 960-789 West Pender Street
Vancouver, BC
Canada V6C 1H2
Tel: +1.604.668.8354
info@northarrowminerals.com
@narminerals
northarrowminerals
www.northarrowminerals.com