Canadian Arrow Reports 1.28% Nickel from Glatz Surface Grab Samples



    SUDBURY, ON, Nov. 12 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company"), reports exploration results from properties in the Kenbridge area
of northwestern Ontario. Recent prospecting on the Glatz Property, the Apex
and the Nielson Gauthier occurrences (Denmark Lake Property) has identified
surface mineralization which has prompted the company to initiate line cutting
and geophysical surveys.

    
    Highlights of the surface grab sampling program include:

      -  1.28% Ni, 0.26% Cu, Glatz trench 3
      -  0.99% Ni, 0.18% Cu, Glatz trench 3
      -  0.39% Ni, 4.06% Cu, Glatz trench 4
      -  0.70% Ni, 0.37% Cu, Apex
      -  0.61% Ni, 0.11% Cu, Nielson Gauthier
    

    Glatz Property - Seven of twelve trenches from historic exploration
programs were located and sampled. The trenches are situated along 450m of the
historic 700m long trend. Sulphide mineralization has been identified in all
trenches with assay results returning values up to 1.28% Ni and 4.06% Cu. Past
exploration programs included geological mapping and geophysical surveys
however diamond drilling was not reported. The company has initiated line
cutting, with plans to follow up with geophysical surveys.

    Apex Occurrence - The Apex occurrence is located 8 km south of the
Kenbridge deposit. Apex has a historical non NI43-101 compliant resource
estimate of 237,600 tonnes of 0.56% Ni, 1.03% Cu(i) based on a limited amount
of diamond drilling. Historical trenches and diamond drill casings associated
with the deposit were relocated. Grab sample assay results returned 0.70% Ni,
0.37% Cu, 0.59% Ni, 0.61% Cu from a small surface exposure of the Apex
Occurrence. The zone is approximately 10 metres wide, has been traced for
200 metres in an east west direction and remains open to the east. Historical
drilling focused on a relatively small portion of the 1,500 metre long
magnetic anomaly which the Apex occurrence is associated.

    Nielsen Gauthier and Ross Creek Showings - The Nielsen Gauthier showing
is located 10 km south of the Kenbridge Deposit and consists of several
trenches, a number of unexplained induced polarization anomalies (IP), and a
historical drill hole that reportedly intersected 0.78% Cu over 15 metres. A
grab sample from the historical trench returned 0.61% Ni, 0.11% Cu. The
mineralization is interpreted to be associated with the large under explored
Denmark Lake Intrusion.

    A table of significant assay results is provided below.

    
    -------------------------------------------------------------------------
                                        UTM        UTM
    Sample No.        Prospect        Easting   Northing    %Ni   %Cu   %Co
    -------------------------------------------------------------------------
    14717          Glatz - trench 1    520063    5484382    0.59  0.33  0.04
    -------------------------------------------------------------------------
    14723          Glatz - trench 3    520192    5484357    0.66  0.17  0.07
    -------------------------------------------------------------------------
    14724          Glatz - trench 3    520192    5484357    1.00  0.18  0.08
    -------------------------------------------------------------------------
    14725          Glatz - trench 3    520192    5484357    1.28  0.26  0.11
    -------------------------------------------------------------------------
    14731          Glatz - trench 4    520362    5484366    0.39  4.06  0.02
    -------------------------------------------------------------------------
    14737          Glatz - trench 5    520432    5484341    0.39  0.19  0.02
    -------------------------------------------------------------------------
    14809              Apex            454190    5473361    0.59  0.61  0.02
    -------------------------------------------------------------------------
    14810              Apex            454196    5473360    0.70  0.37  0.02
    -------------------------------------------------------------------------
    14812              Apex            454235    5473371    0.36  0.37  0.01
    -------------------------------------------------------------------------
    14842              Apex            454166    5473331    0.34  1.79  0.02
    -------------------------------------------------------------------------
    14826         Nielson-Gauthier     451680    5470742    0.61  0.12  0.03
    -------------------------------------------------------------------------
    14836            Ross Creek        450324    5470785    0.26  0.45  0.01
    -------------------------------------------------------------------------
    14837            Ross Creek        450326    5470787    0.20  0.46  0.01
    -------------------------------------------------------------------------
    

    Todd Keast Vice President of Exploration, commented, "We are very
encouraged by these initial results from the regional exploration projects.
The grab sample assay results, the general geological setting and over all
extent of mineralization we're seeing on the Glatz, Apex and Neilson Gauthier
occurrences is similar to the results we've seen at surface exposures on the
Kenbridge Nickel Deposit. We've initiated ground geophysical surveys in order
to more accurately identify targets which will be tested by diamond drilling
during the upcoming winter exploration program. We will continue to acquire
projects of this high caliber which fit with Arrow's strategy of building
nickel sulphide resources in the vicinity of our flagship Kenbridge Nickel
Deposit."

    Analytical Method
    -----------------
    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.
    It should be noted that a qualified person from Arrow has not done
sufficient work to classify the historical estimate for the Apex property as
current mineral resources and the issuer is not treating the historical
estimate as current mineral resources. The historical estimate should not be
relied upon.

    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., Mr.
Kim Tyler, P. Geo, President, Tel: (705) 673-8259, E-mail:
kim@canadianarrowmines.ca; CHF Investor Relations, Mr. Barry Leung, Tel: (416)
868-1079 ext. 247, E-mail: barry@chfir.com or Ms. Cathy Hume, CEO, Tel: (416)
868-1079 ext. 231, E-mail: cathy@chfir.com

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