Positive preliminary metallurgical results for Kenbridge nickel-copper project

    SUDBURY, ON, Oct. 31 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company), reports that it has received preliminary metallurgical test-work
results from Xstrata Process Support (XPS) of Sudbury, Ontario for its
Kenbridge nickel-copper project in Northwest Ontario. XPS reports that early
flotation (rougher scavenger) test-work on the east and west mineralized zones
has delivered excellent recoveries for nickel and copper. Head grades of
material tested graded 1.03% Ni & 0.50% Cu for the west zone and 1.27% Ni &
0.50% Cu for the east zone and are considered indicative of underground
mineralization at Kenbridge. Samples from each zone were tested in simulated
circuits where soda ash and lime were utilized to modify pH. Metal recoveries
for nickel and copper respectively are shown in the table below:

                         Soda Ash circuit                Lime circuit
                    Ni% recovery, Cu% recovery    Ni% recovery, Cu% recovery
    East zone              95.35%/96.69                   95.07%/96.96%
    West zone               96.12%/100%                   95.94%/97.02%

    Garett Macdonald, Vice President of Operations, commented, "These
recoveries indicate that the east and west zones of the Kenbridge ore body
have similar excellent flotation characteristics, both producing high rougher
& scavenger flotation recoveries of nickel and copper. XPS is continuing to
conduct further tests on representative mineralization from the open pit area
of the deposit. Refinements to the flotation circuit through further grinding
& concentrate cleaning analyses will provide the company with more detailed
information for process plant design. These results are extremely encouraging
and demonstrate the excellent metallurgical characteristics of the
nickel-copper mineralization at the Kenbridge Deposit. A final report is
expected in the spring of 2008 and will be integral to our expected
feasibility study to be completed thereafter."
    The company has maintained a strong focus on developing the Kenbridge
Nickel Deposit towards a production decision. The advanced metallurgical work
along with other engineering studies and exploration drilling currently
underway will ensure that an aggressive timeline for a production decision can
be made.

    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 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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