Kenbridge returns 6.23% Ni over 5.8 metres - continues to yield high grade zones in deep drilling



    SUDBURY, ON, March 10 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V)
(the "Company") reports additional high grade nickel copper mineralization
from drilling at the Kenbridge Nickel Project in Northwestern Ontario. Diamond
drill hole KB-07-149 assayed 1.14% Ni, 0.30% Cu, 0.04% Co over a core length
of 49 metres, including a high grade section of 6.23% Ni, 0.72% Cu, 0.18% Co
over 5.8 metres. This intersection is located below the proposed open pit at
approximately 250 metres elevation below surface.

    
    Assay highlights for 14 drill holes include:

    -  KB-07-149 - 1.14% Ni, 0.30% Cu over 49 m
       -  including 2.22% Ni, 0.47% Cu over 20.5 m
       -  including 6.23% Ni, 0.72% Cu over 5.8 m

    -  KB-07-183 - 1.08% Ni, 0.46% Cu over 46.2 m
       -  including 2.54% Ni, 0.75% Cu over 15.5 m
       -  including 5.96% Ni, 0.60% Cu over 1.7 m

    -  KB-07-161 - 0.83% Ni, 0.41% Cu over 23.3 m
       -  Including 1.53% Ni, 0.89% Cu over 8.3 m

    -  KB-07-181 - 0.77% Ni, 0.29% Cu over 17.8 m
       -  Including 1.0% Ni, 0.32% Cu over 12.3 m
    

    Hole KB-07-149 and recently reported hole KB-07-180 (2.95% Ni, 0.82% Cu,
0.07% Co over 21.5 metres, including a high grade section of 7.21% Ni,
0.67% Cu, 0.19% Co over 5.5 metres) are both located on section 12504.5m N
with KB-07-149 intersecting the deposit approximately 60 metres up dip of
KB-07-180.
    Hole KB-07-183 intersected the deposit at approximately the same
elevation below surface as hole KB-07-180 (approximately 300 metres vertical)
and was collared on Section 12415m N, which is 90 metres south along strike of
KB-07-180.
    Commenting on the results Kim Tyler, President of the Company, stated,
"We continue to find excellent widths and grades to the mineralization below
the proposed open pit portion of the deposit. Every hole we've drilled into
the underground portion of the deposit is giving us a better understanding of
the controls to the mineralization, particularly the higher grade zones. We
will be using the results from these holes to upgrade the inferred resource in
the underground portion of the deposit in our planned feasibility study. Some
of the recent work completed on modeling the deposit has led to the
interpretation that some of the higher grade zones may in fact have shallow
plunges and appear more continuous than previously interpreted. Testing the
new plunge interpretation will require additional follow up exploration
drilling including the possibility of plunge extensions beyond the known
mineralized envelope both to the north and south of the deposit.
    Over the last few weeks we have been able to get through a significant
amount of the assay backlog. We still have approximately 15 drill holes of
assay results for the Kenbridge Nickel Deposit and will await those final
results before prioritizing the next phase of drilling in the immediate
vicinity of the deposit.
    As mentioned in a previous press release (February 28, 2008) we have
recently commenced drilling on other prospective targets near the Kenbridge
property and will be systematically testing several nickel-copper showings
over the next couple of months. Currently we are drill testing targets south
of Kenbridge in the Denmark Lake claim group and will be reporting assay
results as they become available. Additional, high priority regional targets
include the Apex, Glatz and Emmons-Prigg nickel-copper-platinum-palladium
occurrences."

    
    Assay Results:

    Hole             From        To    Length       Ni%      Cu%       Co%
    KB-07-149          319       368        49      1.14     0.30      0.04
                     347.5       368      20.5      2.22     0.47      0.07
                     356.2       362       5.8      6.32     0.72      0.18
    KB-07-157        175.5       183       7.5      0.35     0.23      0.02
                     231.4       241       9.6      0.31     0.24      0.01
    KB-07-158        196.8       209      12.2      0.31     0.27      0.01
                     201.5     203.8       2.3      0.52     0.40      0.02
    KB-07-159          207     220.6      13.6      0.24     0.23      0.01
    KB-07-160            8      12.5       4.5      0.45     0.17      0.02
    KB-07-161        117.5     140.8      23.3      0.83     0.41      0.03
    Including        132.5     140.8       8.3      1.53     0.89      0.05
    Including        137.5     140.8       3.3      1.97     1.39      0.07
    KB-07-163            9      21.5      12.5      0.35     0.31      0.01
    Including            9      12.3       3.3      0.87     0.75      0.03
    KB-07-164         49.4        52       2.6      0.50     0.15      0.02
    KB-07-169        200.5     206.5         6      0.41     0.27      0.01
    KB-07-181        284.2       302      17.8      0.77     0.29      0.02
    Including        284.2     296.5      12.3      1.00     0.32      0.03
    Including          292     293.8       1.8      1.71     0.23      0.04
    KB-07-182        320.5    349.85     29.35      0.37     0.22      0.01
    Including        320.5     323.9       3.4      1.45     0.55      0.05
    Including        321.7     323.9       2.2      2.01     0.79      0.07
    And              344.9    349.85      4.95      0.53     0.49      0.02
    KB-07-183        337.8     384.1      46.2      1.08     0.46      0.04
    Including          356     371.5      15.5      2.54     0.75      0.08
    Including          364     371.5       7.5      3.36     1.22      0.10
    Including        369.8     371.5       1.7      5.96     0.60      0.14
    KB-07-190        239.2       267      27.8      0.43     0.19      0.01
    Including        261.7       267       5.3      0.60     0.31      0.02
    KB-07-192        327.1       339      11.9      0.31     0.31      0.01
    

    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:
sarah@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.

    %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. 247, E-mail: barry@chfir.com; or, Sarah Gingerich, Tel: (416)
868-1079 ext. 238, E-mail: sarah@chfir.com


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