Canadian Arrow Reports 4.79 gm/t PGM from Kawene Lake Grab Samples



    SUDBURY, ON, Nov. 20 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company"), reports significant platinum group element (PGM) results from its
Eva Lake and Kawene Lake properties located in the Atikokan area of
northwestern Ontario. Results are from a recently completed prospect sampling
and mapping program. The exploration projects are in the vicinity of the
company's Kenbridge deposit, for which the company has just recently, (see
press release Nov. 15/07), announced the purchase of a headframe and hoisting
equipment.

    
    Highlights of the surface sampling program include:

    -  4.79 gm/t PGM, 2.07% Cu: Kawene Surface Grab
    -  3.85 gm/t PGM, 0.52% Cu: Kawene Surface Grab
    -  2.22 gm/t PGM, 0.41% Cu: Kawene Grab Trench 3
    -  2.00 gm/t PGM 0.44% Ni, 0.59% Cu: Eva Lake Surface Grab
    -  0.89 gm/t PGM 0.45% Ni, 0.39% Cu: Eva Lake Surface Grab
    

    Kawene Lake Occurrence - The Kawene Lake Property is located 20 km east
of Atikokan, Ontario. Past exploration efforts included trenching, geophysical
surveys and limited diamond drilling. Surface mapping and sampling by Arrow in
2007 delineated the Kawene intrusion along a 500 m strike extent with widths
up to 130 m. An airborne geophysical survey flown by the company in early 2007
identified a strong magnetic feature coincident with the Kawene intrusion and
two electromagnetic anomalies coincident with the magnetic trend. Drilling by
past operators did not identify the source for these conductors.

    Eva Lake Occurrence - The Eva Lake Property is located 20 km east of
Atikokan Ontario. The showing consists of a 15 m wide pyroxenite body that
contains up to 10% disseminated pyrrhotite and chalcopyrite. The pyroxenite
body is coincident with a strong magnetic feature extending for 1,300 metres.
Past exploration efforts included a single drill hole 30 m in length, which
intersected 0.20% Ni, 0.49% Cu, 0.31 gm/t Au+Pt+Pd over a core length of 29.5 
metres.

    Todd Keast Vice President of Exploration, commented, "this first pass of
exploration on the Eva Lake and Kawene properties has returned exceptional
surface assay results. The results from the airborne geophysical survey,
completed early in 2007, indicate significant strike extent to the host
intrusions. Poor exposure in the area has led to limited exploration over
small sections of the properties in the past. The next phase of exploration
will include line cutting and ground geophysical surveys in order to more
fully delineate diamond drilling targets. Eva Lake and Kawene, in addition to
our other exploration projects (Glatz, Apex and Nielsen Gauthier), are quality
exploration projects that will require ongoing evaluation in the upcoming
months. We intend to drill test several potential nickel-copper-pgm targets
which have been identified on these projects. Although the focus of the
company remains the advancement of the Kenbridge Nickel deposit towards
production, the discovery of additional resources on any one of these other
projects would certainly have a positive impact on Kenbridge."

    
    A table of significant assay results is provided below.

    ------------------------------------------------------------------------
    Sample                                                           Total
    No.       Property   %Ni      %Cu     Pt(gpt)  Pd(gpt)  Au(gpt)   PGM
    ------------------------------------------------------------------------
    14844     Eva Lake   0.44     0.59     0.69     0.60     0.71     2.00
    ------------------------------------------------------------------------
    14845     Eva Lake   0.45     0.39     0.31     0.32     0.27     0.89
    ------------------------------------------------------------------------
    14846     Eva Lake   0.17     0.97     0.09     0.26     0.35     0.70
    ------------------------------------------------------------------------
    14847     Eva Lake   0.36     0.46     0.18     0.25     0.28     0.70
    ------------------------------------------------------------------------
    14848     Kawene     0.18     0.57     0.48     0.48     0.27     1.23
    ------------------------------------------------------------------------
    14849     Kawene     0.09     0.35     0.33     0.33     0.17     0.82
    ------------------------------------------------------------------------
    14850     Kawene     0.09     0.27     0.44     0.55     0.09     1.08
    ------------------------------------------------------------------------
    14702     Kawene     0.19     2.07     1.45     3.22     0.13     4.79
    ------------------------------------------------------------------------
    14703     Kawene     0.08     0.55     0.70     0.98     0.04     1.73
    ------------------------------------------------------------------------
    14705     Kawene     0.15     0.52     1.55     2.15     0.15     3.85
    ------------------------------------------------------------------------
    14706     Kawene     0.05     0.48     0.23     0.87     0.01     1.10
    ------------------------------------------------------------------------
    14708     Kawene     0.07     0.26     0.64     0.38     0.13     1.16
    ------------------------------------------------------------------------
    14709     Kawene     0.08     0.41     0.88     0.93     0.41     2.22
    ------------------------------------------------------------------------
    

    Analytical Method
    -----------------
    Samples are analyzed by ISO 17025 accredited Accurassay Laboratories in
Thunder Bay, Ontario. Samples analyzed for base metals (nickel, copper, and
cobalt) and precious metals, (platinum, palladium and gold), 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., 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. 222, 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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