Canadian Arrow Mines Ltd. - News Release



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

    SUDBURY, ON, Nov. 19 /CNW/ - Canadian Arrow Mines Ltd. (CRO:TSX-V) (the
"Company") wishes to announce that the Company has issued an aggregate of
75,000 shares with respect to the acquisition of the Denmark Lake
nickel-copper mineral claims located near Kenora, Ontario. These shares are
subject to a four month hold period expiring March 20, 2008.
    In addition, the Company has issued an aggregate of 500,000 units with
respect to the acquisition of the Kenbridge nickel property located within the
Kenora mining division in Ontario. Each unit issued is comprised of one common
share and one share purchase warrant, with each warrant being exercisable into
one additional common share for a period of one year at a price of $0.38 per
share. These securities are subject to a four month hold period expiring
January 12, 2008.

    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".

    
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         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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