Canadian Arrow Mines Ltd. - KENBRIDGE DRILLING 42.5 metres of 1.41% Ni, 0.54% Cu



    SUDBURY, ON, Dec. 19 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company), reports more assay results from holes drilled on both the proposed
pit and underground portions of the Kenbridge Deposit. Drilling has been
completed on the shallow open pit portion of the deposit and both rigs are
currently delineating the deeper portions of the deposit.

    
    Recent assay highlights from holes within the limit of the proposed pit:

    -   1.41% Ni, 0.54% Cu over a core length of 42.5 m - KB-07-130
        -  (including 2.88% Ni, 0.67% Cu over a core length of 9.0 m)
    -   0.60% Ni, 0.31% Cu over a core length of 91.5m - KB-07-129
    -   0.56% Ni, 0.22% Cu over a core length of 29.5 m - KB-07-86
        - (including 1.19% Ni, 0.45% Cu over a core length of 10.3 m)
    -   0.47% Ni, 0.19% Cu over a core length of 43.1 m - KB-07-112

    Recent assay highlights from holes below the limit of the proposed pit:

    -   1.54% Ni, 0.99% Cu over a core length of 26.1m KB-07-120
        -  (including 5.71% Ni, 0.88% Cu over a core length of 2.5 m)
    -   1.00% Ni, 0.37% Cu over a core length of 16.1 m KB-07-116
    -   0.99% Ni, 0.49% Cu over a core length of 8.15m KB-07-131
    

    Todd Keast VP exploration commented, "We are extremely pleased with these
recent higher grade drill results from the open pit portion of the orebody.
These intersections will certainly contribute to the pit and overall project
economics."
    Mr. Keast adds, "The open pit portion of the deposit has been drilled at
a section spacing of 15 metres. This level of geological/assay control ensures
an accurate interpretation of the deposit, which will provide a higher level
of confidence in the upcoming Preliminary Assessment Study. The new results
provide moderate extensions to the north portion of the deposit (KB-07-107),
and fills a small gap at the south portion of the deposit (KB-07-126). The
deeper holes demonstrate good continuity to the mineralization at depth and
along strike."
    Kim Tyler, President of Canadian Arrow also commented, "As more results
are received any opportunities for shallow, higher grade zones that offer an
opportunity for quick extraction will be examined in our upcoming Preliminary
Assessment Study."

    
    Assay Results:
    (Shallow drilling above anticipated pit floor)

    Hole         From         To     Length        %Ni        %Cu        %Co
    KB-07-83     44.2       48.7        4.5       0.73       0.31       0.02
    KB-07-83     76.5       86.0        9.5       0.57       0.41       0.02
    KB-07-83    105.5      110.9        5.4       0.53       0.32       0.01
    KB-07-86     25.5       55.0       29.5       0.56       0.22       0.02
      includes   30.2       40.5       10.3       1.19       0.45       0.03
      includes  32.75       37.2       4.45       2.31       0.81       0.05
    KB-07-86     79.9       86.1        6.2       0.74       0.57       0.02
    KB-07-88     40.3       43.0        2.7       2.26       0.57       0.07
    KB-07-89     57.7       61.0        3.3       2.58       0.61       0.08
    KB-07-89     74.9       76.7        1.8       0.62       0.42       0.01
    KB-07-106    19.0       22.6        3.6       0.39       0.28       0.01
    KB-07-107    54.5       65.5       11.0       0.59       0.24       0.02
      includes   54.5       58.0        3.5       1.10       0.34       0.03
    KB-07-107    86.7       98.5       11.8       0.54       0.31       0.02
    KB-07-108    47.5       58.7       11.2       0.64       0.28       0.02
    KB-07-108    95.6       97.0        1.4       0.86       0.92       0.04
    KB-07-109    12.2       18.1        5.9       0.45       0.16       0.02
    KB-07-109    55.0       61.9        6.9       0.43       0.22       0.02
    KB-07-110    25.5       32.3        6.8       0.62       0.27       0.02
    KB-07-112    19.0       62.1       43.1       0.47       0.19       0.02
      includes   29.7       38.0        8.3       0.88       0.36       0.03
    KB-07-114   125.0      127.2        2.2       0.40       0.17       0.02
    KB-07-114   131.0        133        2.0       1.94       1.58       0.05
    KB-07-124    74.0       83.0        9.0       0.38       0.30       0.02
    KB-07-124   124.0      129.3        5.3       0.51       0.24       0.02
    KB-07-126   142.9     156.15      13.25       0.63       0.49       0.02
      includes  146.0      148.3        2.3       1.03       0.65       0.02
    KB-07-129    73.5      165.0       91.5       0.60       0.31       0.02
      includes   73.5       80.8        7.3       2.07       1.42       0.05
      includes  144.5        159       14.5       1.41       0.60       0.04
      includes  118.4      165.0       46.6       0.63       0.29       0.02
    KB-07-130    90.5      179.0       88.5       0.77       0.31       0.02
      includes   90.5        133       42.5       1.41       0.54       0.04
      includes  122.5      131.5        9.0       2.88       0.67       0.07
    KB-07-132      90       99.8        9.8       0.56       0.30       0.02
      includes   97.4       99.8        2.4       1.41       0.67       0.04
    KB-07-135   103.2      138.6       35.4       0.60       0.24       0.02
      includes    114      118.3        4.3       1.61       0.56       0.04
      includes  122.9        128        5.1       0.87       0.30       0.02
      includes  133.3      138.6        5.3       0.72       0.35       0.03
    KB-07-135     158     168.35      10.35       0.68       0.32       0.02
      includes  160.6        165        4.4       1.27       0.56       0.04

    (Deep drilling below anticipated pit floor)

    Hole         From         To     Length        %Ni        %Cu        %Co
    KB-07-116   248.1      264.2       16.1       1.00       0.37       0.03
      includes  287.8        290        2.2       1.32       0.39       0.02
    KB-07-120     183        235         52       0.89       0.57       0.03
      includes  183.9        210       26.1       1.54       0.99       0.04
      includes  183.9      190.9          7       2.94       1.06       0.08
      includes  183.9      186.4        2.5       5.71       0.88       0.14
      includes  195.3      199.6        4.3       2.20       1.26       0.06
      includes  202.1        204        1.9       3.32       1.14       0.09
    KB-07-131   275.7     283.85       8.15       0.99       0.49       0.03
      includes  277.9      280.7        2.8       2.12       1.23       0.05

    Hole Locations:

    Hole Number      Northing     Easting     Elevation     Azimuth      Dip

    KB-07-83            12298        6128        1503.5         320      -47
    KB-07-86            12268        6121          1502       312.4    -47.3
    KB-07-88            12420        6079          1517         306    -47.8
    KB-07-89            12420      6094.8          1516       303.2      -46
    KB-07-106           12511        6119        1516.5       311.4    -44.7
    KB-07-107           12511        6143        1516.5         301      -46
    KB-07-108           12481        6145          1519       305.3    -45.2
    KB-07-109           12481        6116          1516       320.6     44.1
    KB-07-110           12481        6091        1513.5       310.1    -46.2
    KB-07-112           12451        6104        1516.5       296.3    -45.1
    KB-07-114           12497        6179          1523       300.2    -54.8
    KB-07-116           12405        6244          1524       302.5      -62
    KB-07-120           12451        6206          1525       303.9      -58
    KB-07-124           12286        6165          1513       304.9      -45
    KB-07-126           12268        6162          1513       309.5      -46
    KB-07-129           12420        6168          1521       305.7      -46
    KB-07-130           12420      6168.5          1521       302.2    -55.8
    KB-07-131           12405        6245          1524       302.9      -64
    KB-07-132           12512        6180          1521       304.1      -45
    KB-07-135           12481        6181          1524         305      -56
    

    Analytical Method
    -----------------
    Mineralized diamond drill hole intervals reported are down hole core
lengths only. NQ diameter drill core samples are split in half; one half being
retained in its original core box and the second half sent to an independent
commercial laboratory for analysis. Samples are analyzed by ISO 17025
accredited Accurassay Laboratories in Thunder Bay, Ontario. Samples analyzed
for base metals (nickel, copper, and cobalt) are digested using aqua regia
with an atomic absorption finish.
    The exploration program is being carried out under the direction of The
Company's Vice President of Exploration, Todd Keast P. Geo., a qualified
person as defined by National Instrument 43-101. The information in this
release was prepared under the direction of Kim Tyler, P. Geo., President of
the Company, 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 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:
catarina@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.

    This news release may contain certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with The TSX
Venture Exchange, Canadian Securities Commissions, and the United States
Securities & Exchange Commission. Not to be construed as an offer to buy or
sell securities of this company.

    %SEDAR: 00008534E




For further information:

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, Tel: (416)
868-1079 ext. 222, E-mail: barry@chfir.com, or Cathy Hume, CEO, Tel: (416)
868-1079 ext. 231, E-mail: cathy@chfir.com


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