Canadian Arrow Mines Ltd.

[Press Release] Canadian Arrow & URSA Major Announce Letter of Intent for Business Merger

25 May 2009 09:12:00 GMT

Canadian Arrow Mines and URSA Major Minerals announce letter of intent for a business combination to create a larger nickel focussed exploration and development company Canadian Arrow Mines Limited ("Canadian Arrow") (TSX-V:CRO) and URSA Major Minerals Incorporated ("URSA") (TSX:UMJ) announce today that they have entered into a letter agreement whereby Canadian Arrow has granted to URSA an exclusivity period in which to complete due diligence and a definitive agreement in respect of a proposed business combination ("the Proposed Transaction") of the two companies. The Proposed Transaction, if completed, will create a larger exploration and development company with experienced management and two advanced nickel sulphide projects in Ontario. The combined company will have NI 43-101 Reserves and Resources in excess of 200,000,000 lbs of contained nickel with significant copper and precious metal by-product credits. The Proposed Transaction will proceed on the basis of an exchange of Canadian Arrow common shares (an "Arrow Share") for common shares of URSA (an "URSA Share"). URSA shall issue 1 URSA Share for each 1.5 Arrow Share submitted for exchange subject to a price adjustment clause exercisable by URSA should certain conditions not be met. All options and warrants of Canadian Arrow will be exchanged for options and warrants in the combined company at the same exchange ratio as described above. URSA warrants and options will remain outstanding in accordance with their terms. It is intended that URSA will continue to be listed on the TSX. On completion of the Proposed Transaction the board of directors shall initially be composed of five members consisting of three nominees from URSA and two nominees from Arrow. Richard Sutcliffe will serve as Chairman and CEO. Canadian Arrow's current President Kim Tyler will continue to serve as President and will also assume the new role of Chief Operating Officer of the combined Company. It is intended that the Proposed Transaction will be in the form of an amalgamation with a wholly-owned subsidiary of URSA, unless an alternative form of transaction is deemed advisable. The Proposed Transaction is subject to a number of conditions, including but not limited to satisfactory due diligence and the negotiation of definitive transaction documents. The proposal is also conditional upon both parties entering into support agreements to include, among other things, the unanimous favourable recommendation of the transaction, a reciprocal break fee provision in the amount of C$400,000; and notification by each party of the receipt of alternative proposals from third parties. Each party has agreed not to solicit other proposals, subject to the exercise of each board's fiduciary duties. The Proposed Transaction is subject to customary closing conditions, including required shareholder and regulatory approvals and the absence of material adverse changes. No definitive agreements have been reached, other than the letter of intent. There can be no assurances that any transaction will result, or as to the terms thereof. Dean MacEachern, Canadian Arrow's CEO, stated, "The Proposed Transaction is a strategic one for both companies and brings together two of North America's more advanced, low cost and robust nickel, copper and PGM projects. URSA's Shakespeare and regional projects provide Arrow with improved exposure to platinum group metals as well as the operational flexibility to take rapid advantage of improved market conditions. Canadian Arrow also welcomes the opportunity to build up its management bench strength with the addition of the URSA executive." Richard Sutcliffe, URSA's CEO, stated, "This merger is a key step in our goal of becoming a mid-tier nickel producer. As well as providing the significant Kenbridge project and the outlying potential of the emerging Kenora nickel camp Canadian Arrow also brings a strong operational management team to URSA. The combined company will have a larger market presence, substantial resources and will enhance our ability to rapidly develop our nickel sulphide mining projects when nickel prices strengthen." About Canadian Arrow Mines Limited Canadian Arrow is an experienced exploration and mine operating team that is focussed on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Canadian Arrow operates in north-western Ontario, near the towns of Kenora and Dryden. The company's main asset is the Kenbridge Nickel Project, a nickel-copper sulphide deposit containing over 98 million lbs of nickel in Measured & Indicated Resources. The deposit is equipped with a 620m shaft and has never been mined. Canadian Arrow has 79,197,522 shares outstanding. About URSA Major Minerals URSA Major is an emerging mining company that is focussed on growth through nickel, copper, and precious metal exploration and development, primarily in the Sudbury area, Ontario. URSA's main asset is the Shakespeare Nickel Project, a fully permitted open-pit nickel-copper sulphide deposit containing over 86 million lbs of nickel with significant by-products in Probable Reserves and an additional 15 million lbs of nickel in Indicated Resources. URSA's Shining Tree Project has a further 16 million lbs of nickel in Indicated Resources. To date, URSA has mined approximately 150,000 tonnes of ore at Shakespeare and this has been processed at Xstrata Nickel's Strathcona mill. Mining has been suspended since October 2008. URSA has 44,088,799 shares outstanding. Additional information relating to URSA Major and Canadian Arrow is available on SEDAR at www.sedar.com. (*)National Instrument 43-101 - Mr. T. Hennessey, P.Geo, of Micon and Mr. E. Puritch P.Eng. of P&E Mining Consultants Inc. are the qualified persons for the Shakespeare resource and reserve estimates. Mr. E. Puritch, P. Eng., Ms. Tracy Armstrong, P.Geo., and Antoine Yassa, P.Geo. of P&E Mining Consultants Inc. are the independent qualified persons for the Kenbridge resource estimates. This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. %SEDAR: 00008534E 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, Julia Clark, Director of Communications, Tel: (416) 868-1079 ext. 236, E-mail: julia@chfir.com.

[Press Release] Canadian Arrow Completes Final Tranche of Private Placement

19 May 2009 14:24:00 GMT

Canadian Arrow Mines Limited (CRO: TSX-V) (the"Company") is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement pursuant to which it issued 2,350,000 units at a price of $0.05 per unit for gross proceeds of approximately $117,500 (the "Offering") and for total gross proceeds from all closings of $402,500. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole such warrant being referred to herein as a "Warrant").
Each Warrant entitles the holder thereof to purchase one common share of
the Company (a "Warrant Share") for a period of 24 months following the
closing at an exercise price of $0.10. In the event that the closing price of
the outstanding common shares of the Company on the TSX Venture Exchange is in excess of $0.15 for a period of 20 consecutive trading days at any time after
the closing, the Company may, at its option, accelerate the expiry date of the
Warrants by giving notice to the holders thereof and in such case the Warrants
will expire at 4:00 p.m. (Toronto time) on the date which is the earlier of:
(i) the 30th day after the date on which such notice is given by the Company;
and (ii) the date which is 24 months after the closing. The securities issued
in connection with the offering are subject to a four month hold period.
In connection with the Offering the Company paid a commission to a
registered dealer in the amount of $1,000.
Proceeds from the placement will be utilized by the Company for general
working capital purposes.
The Company has 79,197,522 shares outstanding following the completion of
the Offering.

About Canadian Arrow:

Canadian Arrow Mines Limited (CRO-TSXV) is an experienced exploration and
mine operating team that is focused on acquiring and developing economically
viable nickel sulphide deposits near existing infrastructure. Arrow operates
in northwestern Ontario, Canada, near the towns of Kenora and Dryden. The
company's main priority is the Kenbridge Nickel Project, a nickel-copper
sulphide deposit containing over 44,000 tonnes of nickel in a measured and
indicated resource totaling 7.1m tonnes at an average of 0.62% Ni and 0.33%
Cu. (Sedar, Aug 2008).

This press release may contain "forward-looking statements" within the
meaning of the Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
made as of the date of this press release and the Company does not intend, and
does not assume, any obligation to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

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, Julia Clark, Director of
Communications, Tel: (416) 868-1079 ext. 236, E-mail: julia@chfir.com.
%SEDAR: 00008534E

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, Julia Clark, Director of
Communications, Tel: (416) 868-1079 ext. 236, E-mail: julia@chfir.com

[Press Release] Canadian Arrow Completes First Tranche of Private Placement

30 Apr 2009 15:28:00 GMT

Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") pursuant to which it issued 5,700,000 units at a price of $0.05 per unit for gross proceeds of approximately $285,000. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole such warrant being referred to herein as a "Warrant").

Each Warrant entitles the holder thereof to purchase one common share of
the Company (a "Warrant Share") for a period of 24 months following the
closing at an exercise price of $0.10. In the event that the closing price of
the outstanding common shares of the Company on the TSX Venture Exchange is in excess of $0.15 for a period of 20 consecutive trading days at any time after
the closing, the Company may, at its option, accelerate the expiry date of the
Warrants by giving notice to the holders thereof and in such case the Warrants
will expire at 4:00 p.m. (Toronto time) on the date which is the earlier of:
(i) the 30th day after the date on which such notice is given by the Company;
and (ii) the date which is 24 months after the closing. The securities issued
in connection with the Offering are subject to a four-month hold period.

In connection with the Offering the Company paid a commission to a
registered dealer in the amount of $5,000. It is anticipated that the closing
of the remainder of the Offering will take place on or before May 8, 2009.
Proceeds from the placement will be utilized by the Company for general
working capital purposes.
The Company has 76,847,522 shares outstanding following the completion of
the first tranche of the Offering.

About Canadian Arrow:

Canadian Arrow Mines Limited (CRO-TSXV) is an experienced exploration and
mine operating team that is focused on acquiring and developing economically
viable nickel sulphide deposits near existing infrastructure. Arrow operates
in northwestern Ontario, Canada, near the towns of Kenora and Dryden. The
company's main priority is the Kenbridge Nickel Project, a nickel-copper
sulphide deposit containing over 44,000 tonnes of nickel in a measured and
indicated resource totaling 7.1m tonnes at an average of 0.62% Ni and 0.33%
Cu. (Sedar, Aug 2008).

This press release may contain "forward-looking statements" within the
meaning of the Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
made as of the date of this press release and the Company does not intend, and
does not assume, any obligation to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

%SEDAR: 00008534E

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

[Press Release] Canadian Arrow Announces Private Placement of Units

16 Apr 2009 09:18:00 GMT

Canadian Arrow Mines Limited (TSXV-CRO) (the "Corporation") has
negotiated a non-brokered private placement of up to 10,000,000 units
("Units") to raise gross proceeds of up to $500,000. Each Unit will be issued
at a price of $0.05 and be comprised of one common share of the Corporation
and one-half of one common share purchase warrant (each whole such warrant
being referred to herein as a "Warrant").
Each Warrant will entitle the holder thereof to purchase one common share
of the Corporation (a "Warrant Share") for a period of 24 months following the
closing at an exercise price of $0.10. In the event that the closing price of
the outstanding common shares of the Corporation on the TSX Venture Exchange
is in excess of $0.15 for a period of 20 consecutive trading days at any time
after the closing, the Corporation may, at its option, accelerate the expiry
date of the Warrants by giving notice to the holders thereof and in such case
the Warrants will expire at 4:00 p.m. (Toronto time) on the date which is the
earlier of: (i) the 30th day after the date on which such notice is given by
the Corporation; and (ii) the date which is 24 months after the closing. In
connection with the offering the Company may pay a commission to certain
entities out of the gross proceeds of the offering. The offering remains
subject to regulatory approval.
Proceeds from the placement will be utilised by the Company for general
working capital purposes.
The Company will have 81,147,522 shares outstanding following the
completion of the offering, assuming that it is fully subscribed.

About Canadian Arrow:

Canadian Arrow Mines Limited (CRO-TSXV) is an experienced exploration and
mine operating team that is focused on acquiring and developing economically
viable nickel sulphide deposits near existing infrastructure. Arrow operates
in northwestern Ontario, Canada, near the towns of Kenora and Dryden. The
company's main priority is the Kenbridge Nickel Project, a nickel-copper
sulphide deposit containing over 44,000 tonnes of nickel in the measured &
indicated classes. (Sedar, Aug 2008).

Investors are invited to visit Canadian Arrow's IR hub at
http://www.agoracom/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence to CRO@agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.

This press release may contain "forward-looking statements" within the
meaning of the Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
made as of the date of this press release and the Company does not intend, and
does not assume, any obligation to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

%SEDAR: 00008534E

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,

Julia Clark,  Director of Communications,

Tel: (416) 868-1079 ext. 236, E-mail: julia@chfir.com

[Industry Bulletin] Mineweb Article - Long Term Story Upbeat

06 Apr 2009 14:35:00 GMT

Dear Shareholder,

The following article posted in MINEWEB, Monday April 6th discusses the longer term outlook for Nickel. The article in it's entirety can be read via the following link:

BMO has cut its nickel price forecast 20% to $4.50/lb this year, advising that the price needed to balance supply with demand over the long term won't occur until 2013.

"The combination of very poor demand and insufficient production cuts are expected to pull the nickel market into a material surplus of 36kt this year, prompting BMO Capital Markets to reduce nickel price forecasts by 20% to $4.60/lb this year and by 21% to $5.50/lb in 2010.

Inventories are projected to increase for the third consecutive year in 2009, keeping prices low until 2010, BMO Capital Markets Global Commodity Strategist Bart Melek forecast.

BMO expects nicel will trend upward to $8.50/lb by 2013-the price needed to balance supply with demand over the long term. Melek advised, ‘Both producer discipline and growing consumption are expected to rebalance supply/demand conditions toward equilibrium over the longer term."

Sincerely,

AGORACOM IR

[Press Release] Canadian Arrow announces extension of loan

05 Mar 2009 07:30:00 GMT

SUDBURY, ON, March 5 - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company"), is pleased to announce that it has reached an agreement with an arms-length third party lender to extend the term of its$1,500,000 loan to January 31, 2011.

The loan which was announced by press release on May 26, 2008 is secured by a charge against all of the Company's assets, bears interest at a variable rate per annum equal to prime plus 2% calculated daily and compounded monthly and matures on the earlier of (i) the date on which an event of default occurs under the loan or the security, (ii) the date on which Canadian Arrow completes any equity or debt financing after the date hereof for net proceeds of at least$5,000,000, and (iii) January 31, 2011.

In connection with the extension, the Company also agreed that the lender would have an option to have all or a portion of the loan repaid in common shares of the Company any time after the completion of an equity financing by the Company, with the deemed issue price of such shares being equal to the issue price under the financing. Furthermore, the Company was provided with an option of repaying the loan through the transfer of an interest in its Kenbridge property.

The revised note as well as the ability to repay in either common shares of the Company or the transfer of the property interest will be subject to the receipt of all necessary regulatory approvals including the TSX Venture Exchange.

Investors are invited to visit Canadian Arrow's IR hub at http://www.agoracom/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence toCRO@agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.

This press release may contain "forward-looking statements" within the meaning of the Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this press release and the Company does not intend, and does not assume, any obligation to update these forward-looking statements.

If you would like to receive press releases via email please contact:
Mirna@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.

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, Director Business Development, Tel: (416) 868-1079 ext. 222, E-mail: barry@chfir.com; or Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, E-mail: alison@chfir.com

[Event] Canadian Arrow Mines at PDAC

27 Feb 2009 16:42:00 GMT

Dear Shareholders,

Canadian Arrow Mines will be at the following booth for the PDAC March 01st to 4th.

Canadian Arrow Mines Ltd. (CDNX:CRO.V - News)

Booth 3034

August 2008 P.E.A. concluded that 85M lbs of Nickel and 48M lbs of Copper can be profitably extracted over an 8 year mine life. Pretax economics: IRR 65%, NPV $253M: Cost $108 Million.

Regards,

Agoracom IR

[Industry Bulletin] Industry Bulletin: Bear market to force prices lower in 2009?

30 Jan 2009 15:05:00 GMT

Dear Shareholder,

The following article from Purchasing.com illustrates current sentiment in the Base Metals market and predicts that prices will remain under pressure throughout 2009.

The entire article may be read in it's entirety by clicking the following link:

Bear market is expected to force metals prices even lower in 2009

Sincerely,

AGORACOM IR

By Tom Stundza -- Purchasing, 1/15/2009

The six-year bull run in commodities definitely is over: World prices of base metals dropped by an average 30% in 2008 as end-use markets went into a second-half demand depression. Reduced production by the world auto industry, a slowdown in global industrial demand and an increase in physical stock levels have hit manufacturing metals prices in recent months. And, with full-blown demand recovery from automakers and construction companies possibly two years away, early forecasts by economists and market analysts suggest demand for nonferrous metals as a group will slide by another 45% in 2009......

[Corporate Update] Canadian Arrow Executive Address Updated

17 Dec 2008 13:44:00 GMT

Dear Shareholder,

Canadian Arrow President Kim Tyler has updated the Executive Address wishing all shareholders a Happy Holidays, as well as insight on the current state of the markets.

You can access the E.A. through the following link.

Sincerely,

AGORACOM IR

[Industry Bulletin] Barry Ritholtz “Gold Has A Date With $1,500 Somewhere In The Future”

17 Dec 2008 13:43:00 GMT

Barry Ritholtz “Gold Has A Date With $1,500 Somewhere In The Future”

December 16th, 2008

The Will Hunting Of Wall Street - "He's Wickid Smawt"

Readers of my blog are very well acquainted with Barry Ritholtz, arguably the best financial blogger on the web. For those of you who are hearing about him for the first time, Barry Ritholtz is the Will Hunting of Wall Street - a down to earth guy who is “wicked smawt”.

On December 8th, he completed this interview with Barron’s (highly recommended reading) in which he gave his outlook on the markets. He provided an outlook on various sectors, including following outlook on gold:

Has gold bottomed?

I don’t know where gold bottoms. We recommended gold for the first time in 2002 or 2003. It was strictly an inflation trade, thanks to Greenspan. And then when the GLD gold ETF first came out, we recommended that. Gold has a date with $1,500 somewhere in the future [up from $763 an ounce now], [now trading at $857] but whether it makes that move from 700 or from 400, I have no idea. You just can’t print that much paper and debase the currency and not see some sort of reaction.”

When really intelligent people talk openly about 5-digit gold, the commodity has moved beyond the fringe and into the mainstream. This potentially bodes very well for North American juniors…..stay tuned.

Regards,
George

[Broadcast] President

17 Dec 2008 13:11:58 GMT

Kim provides a Holiday Greeting as well as an update on the market and impact to Canadian Arrow.

[Industry Bulletin] Gold “Backwardation” Could Signal Price Spike As COMEX Runs Out Of Gold

11 Dec 2008 10:36:00 GMT

Dear shareholders,

AGORACOM Chief Commentator, Peter Grandich, made a call to BNN to alert them about this article on gold officially hitting backwardation. Backwardation occurs when the futures price of a commodity is lower than prices in the cash market.

Forward prices for gold turned negative on December 2nd and, according to Antal Fekete the author of the story, this is the first time it has happened in history (with the exception of contract expiry dates for a couple of minutes). Fekete states:

“On December 2nd, at the Comex in New York, December gold futures
(last delivery: December 31) were quoted at 1.98% discount to spot,
while February gold futures (last delivery: February 27, 2009) were
quoted at 0.14% discount to spot. (All percentages annualized.)

The condition got worse on December 3rd, when the corresponding
figures were 2% and 0.29%. This means that the gold basis has turned
negative, and the condition of backwardation persisted for at least 48 hours.“

Please click here to read the AGORACOM blog in its entirety.

Regards,

AGORACOM Investor Relations

[Industry Bulletin] Rio's Cuts Indicative of Trend Which Must Lead to Major Commodities Price Boom

10 Dec 2008 12:16:00 GMT

Dear Shareholder,

Today Rio Tinto announced 14,000 job cuts, which according to the following article, could result in a return to a commodity boom.

The article: Rio's Cuts Indicative of Trend Which Must Lead to Major Commodities Price Boom is accessible through the preceding link.

Sincerely,

AGORACOM IR

[Press Release] NEWS: Canadian Arrow Mines Receives Road Permit for Kenbridge Nickel Project

04 Dec 2008 08:43:00 GMT

Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the"Company"), reports that it has received a work permit from the OntarioMinistry of Natural Resources for the construction of an all-weather road into the Kenbridge Nickel Project site. The 10km construction will involve the widening and surfacing of an existing trail that provides seasonal access to the project site from the Maybrun road. A single, temporary bridge crossing is already in place over the Atikwa River.

Mr. Kim Tyler, President of Canadian Arrow, adds "Receiving this permit is an important step for the Kenbridge Nickel Project. Once constructed, the road will provide year round access to nearby communities and supply centres via Highway 71. It will greatly increase the flexibility of supporting ongoing exploration efforts at the site including our planned advanced exploration program. Discussions with the Grand Council of Treaty No.3 and local First Nations communities are well under way regarding authorization under the Great Earth Law of Treaty No.3, (Manito Aki Inakonigaawin)."

Investors are invited to visit Canadian Arrow's IR hub at http://www.agoracom.com/IR/CanadianA... where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence to CRO@agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.

If you would like to receive press releases via email please contact: Mirna@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: 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, Director

Business Development, Tel: (416) 868-1079 ext. 222, E-mail:

barry@chfir.com ; or Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, E-mail: alison@chfir.com

[Corporate Update] 2008 CHF Valuation Report on CRO

27 Nov 2008 12:56:20 GMT

Dear Shareholder,

The following is a link to the CHF 2008 Valuation report for Canadian Arrow Mines.

To read the Valuation Report please click here.

Sincerely,

AGORACOM IR

[WebLink] Stock Research Portal

27 Nov 2008 11:16:58 GMT

This is a free web service. It allows comparables to be done with other companies as well as research and analysis for CRO.
http://www.stockresearchportal.com/CompTrial.asp?cid=448

[Corporate Update] Link to CRO Analysis on Stock Research Portal

27 Nov 2008 11:15:00 GMT

Dear Shareholder,

Stock Research Portal now has a Canadian Arrow Link on its site for further Due Dilligence. You can access the Stock research Portal here.

The link will also be permanently be placed in the Link Library which can be accessed here.

Sincerely,

AGORACOM IR

[Press Release] NEWS: Canadian Arrow Mines Announces Changes To Board

24 Nov 2008 10:59:00 GMT

Canadian Arrow Mines, Ltd. (CRO: TSX-V) reports Mr. John Larche has announced his decision to retire from active participation in the mineral resource sector after a career spanningover 50 years in mineral exploration and development since 1955.

He has resigned his position as a Director of Canadian Arrow Mines effective immediately. The Company is pleased to announce however that Mr. Larche will continue to lend his integrity and support to the Company as an Honorary Director Emeritus and Special Advisor to the Board. The Company wishes to thank Mr. Larche for his continued contribution to the Company's success to date, his continued support and wishes him a fulfilling and rewarding retirement.

Mr. Dean MacEachern, Chief Executive Officer of Canadian Arrow, and long time friend and colleague of Mr. Larche stated, "John Larches' stewardship of Canadian Arrow as past President, CEO and director has prepared the company well and set the stage for its future success. More than these are his outstanding accomplishments and contributions to the Canadian mineral resource industry in general. Mr. Larche is well known as the co-discoverer of the Hemlo gold camp. He is a lifetime member and former President of the Prospectors and Developers Association of Canada. He received the Prospector of the Year Award in 1983 from the Association and is a recipient of the Order of Canada. Mr. Larche is as well known for his philanthropies as he is for his professional and commercial success."

The Company is also pleased to announce the appointment of Mr. Kim Tyler to the Board of Directors. Mr. Tyler has been President of the Company since May 2006.

Investors are invited to visit Canadian Arrow's IR hub at

http://www.agoracom/IR/CanadianArrow where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternately, investors are able to e-mail all questions and correspondence to CRO@agoracom.com where they can also request addition to the investor e-mail list to receive future press releases and updates in real time.

If you would like to receive press releases via email please contact:

Mirna@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

kim@canadianarrowmines.ca ;

CHF Investor Relations, Barry Leung, Director Business Development, Tel: (416) 868-1079 ext. 222, E-mail: barry@chfir.com ; or Alison Tullis, Senior Account Manager, Tel: (416) 868-1079 ext. 233, E-mail: alison@chfir.com

[Corporate Update] Frankfurt Presentation now in Link section

21 Nov 2008 16:43:00 GMT

Dear Shareholder,

Kim Tylers Nov 17th, 2008 presentation is now a permanent link in the Link Library,

Sincerely,

AGORACOM

[WebLink] Canadian Arrow presentation Nov 17th, 2008

21 Nov 2008 16:21:37 GMT

Kim Tyler presentation on CRO, November 17th, 2008
http://www.investmentpitch.com/media/426/Canadian_Arrow_Mines_Ltd._FRANKFURT_C6X__TSX.V_CRO/

[Industry Bulletin] INDUSTRY BULLETIN - Jim Rogers Predicts $2200 Gold at AGORACOM Sponsored Roth China/Vegas Conference

20 Nov 2008 14:57:00 GMT

Dear Investors,

Last night at the AGORACOM sponsored Roth China/Vegas Conference, keynote presenter Jim Rogers stated that “Gold will hit its inflation adjusted high of $2200.”

George Tsiolis, President of AGORACOM was in attendance at this exclusive event and reported on the Jim Rogers speech live via his cell phone to his twitter account. For a recap of Jim Rogers’ speech, follow the following link to George’s twitter account and/or his blog.

Follow George’s Twitter

George’s Blog

AGORACOM remains very bullish on Gold, as outlined within George’s extensive “Gold $1,000” blog entries.

Regards,

AGORACOM

[Media] Media Report - M&A anticipated in Junior Mining Sector

14 Nov 2008 10:27:00 GMT

Dear Shareholder,

The following Financial Post article discusses the anticipated merger and acquisition expected to increase in the Junior Mining Sector,

Sincerely

AGORACOM IR

M&A targets in junior mining sector

Given the well-documented collapse of the junior mining sector in the past 15 months, a step-up in merger and acquisition activity is considered inevitable by many industry insiders.

In their "Junior Mining Weekly" report, analysts from Canaccord Adams reiterated their belief that in the long-term, small-cap miners will not trade at a discount to their cash, with their projects treated as liabilities. But since that is often the case right now, "There are excellent opportunities [for M&A] in this current negative environment for those companies bold enough to act."

They expect that M&A will be driven by major companies who are rich with cash and will look to engage in option deals or outright takeovers of the "best of the best" in the junior sector. After all, the companies that the majors were interested in six months ago are now valued at less than half the price.

The analysts wrote that M&A activity will likely drive some "renewed speculative appeal" in small-cap mining companies. The also provided a list of the best targets. Here it is:

Anatolia Minerals Development Ltd.; Andina Minerals Inc.; Aquiline Resources Inc.; Aurora Energy Resources Inc.; Bear Creek Mining Corp.; Candente Resources Corp.; Canplats Resources Corp.; CGA Mining Ltd.; Colossus Minerals Inc.; Comaplex Minerals Corp.; Corriente Resources Inc.; Detour Gold Corp.; Donner Metals Ltd.; GlobeStar Mining Corp.; Gold Reserve Inc.; Grayd Resource Corp.; Hathor Exploration Ltd.; International Tower Hill Mines Ltd.; MAG Silver Corp.; Minera Andes Inc.; Orezone Resources Inc.; Osisko Mining Corp.; Rainy River Resources Ltd.; Rubicon Minerals Corp.; Tournigan Energy Ltd.; Ur-Energy Inc; VMS Ventures Inc.

[Press Release] NEWS - Canadian Arrow Mines releases Atikokan drill results

12 Nov 2008 08:30:00 GMT

SUDBURY, ON, Nov. 12 - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the "Company"), reports nickel, copper, and platinum group metal (PGM) assay results from the recently completed drilling program on theEva Lake and Kawene Projects within its Atikokan group of projects. Sixteen holes, (2,354 metres), were completed on historical showings and untested airborne anomalies to examine near surface targets.

Highlights of the drilling included a newly discovered zone of anomalous copper - PGM mineralization in holes KW-08-03, (12.2m of 0.63 gm/t PGM's), and KB-08-05, (11.7m of 0.97 gm/t PGM's. The holes are located on adjacent 50 metre spaced sections representing a new zone of near surface mineralization.

Click here to view chart

Mr. Todd Keast, Vice President of Exploration comments, "These anomalous drill results confirm the potential for economic mineralization in the Eva Lake-Kawene vicinity. The Company has completed the Atikokan projects phase and will be reviewing its strategy for this portion of its regional exploration program. It is currently directing its next phase of exploration on the Turtlepond Lake group of projects."

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), 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, Mr. Todd Keast P. Geo., a qualified person as defined by National Instrument 43-101. The information in this release was prepared under the direction ofMr. Kim Tyler, P. Geo., President of the Company, a qualified person as defined by National Instrument 43-101.

If you would like to receive press releases via email please

contact: Mirna@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.

[Industry Bulletin] Industry Bulletin - Two Articles from Northern Miner

07 Nov 2008 14:04:00 GMT

Dear Shareholder,

Please read the following two articles from the Northern Miner that reflect the rapid change in the junior market and CAPEX required to fund new operations and infrastructure.

Sincerely

AGORACOM IR

The Northern Miner, 11/6/2008

Cost of capital scorching juniors

For investors wondering why their favorite junior mining stocks have plummeted so far below the value such firms may hold in the ground, a new report from Cormark Securities sheds some light.

According to the report compiled by three of the firms analysts, recent deals for miners have shown the cost of capital rising to unsightly levels.

The ugliest figure was dished out to Yukon-Nevada Gold (YNG-T). The firms total cost of capital comes in at 40.9% for the year (the figure includes interest, discount to face value, as well as cost of warrants and convertible options). Also ranking high was Moly Mines (MOL-T, MOL-A) whose total cost of capital came in at 35%.

Yukon Nevada shares closed at 4¢ in Toronto on Nov. 5, they had traded in the $1.70 range at the beginning of the year. Moly Mines closed at 30¢ on the same day. Its shares were trading in the $3.00 range at the start of the year.

The report says juniors have been hit especially hard with equity markets closing down, forcing companies in need of capital to turn to loans.

And that has lenders holding all the cards. The present environment leaves managers of juniors with the stark choice of either "signing their companies away to obtain relatively small amounts of debt," or not doing anything and effectively becoming paralyzed in terms of developing their projects.

"Usually equity markets act as an important counterbalance to the debt markets, but at present equity financing is nonexistent except for special cases." Such a special case, the report offers, would be Canadian flow-through financings.

And while the authors of the report, David Stein, Justin Reid and Andrea Cheung, don't see the current conditions carrying on for the next 12 months, they aren't forecasting a snap back to the good old days either.

"We expect that financing will be available for smaller high-return low risk projects first and that we will see a combination of equity and debt financing lower the overall cost of capital for junior mining and exploration companies," the report says.

The group says it is now using a 15% discount rate as a base case for unfinanced projects. For financed or near term projects, the number drops to a 10% discount.

The current environment means that companies operating in politically volatile regions, notably the Democratic Republic of the Congo, Ecuador and Venezuela, are and will continue to feel the pinch more severely.

Several analyst polled by The Northern Miner said they were moving up to a 15% political discount for companies in the DRC.

When such a lofty number is combined with the 15% base case discount Cormark is using, the resulting 30% discount rate would be devastating to valuations of juniors operating there.

Other companies feeling the heat according to Cormark are NovaGold (NG-T, NG-X), Mirabela Nickel (MND-T, MND-A), Augusta Resources (AZC-T, AZC-X), General Moly (GMO-T, GMO-X)and Polymet (POM-T). All received downgrades to their respective recommendation levels.

The Northern Miner, 11/6/2008

Project capex may slide 40% in 2009/10, Citigroup says

Sales of operating equipment could fall 50% over the next two years as mining companies concentrate on capital preservation, working capital and share buy-backs, according to a new report from Citi Investment Research, a division of Citigroup Global Markets.

Citi analysts expect project capex could be cut by about 40% in 2009/2010, a stark reversal from the years of the mining and construction capex boom that began in 2002. (During the last six years, mining and construction equipment suppliers posted total cumulative volume growth of more than 110%, Citi says.)

The fall-out for mining equipment manufacturers such as Atlas Copco, Metso, Sandvik and the Weir Group, may be significant, they warn.

"Whilst the longer-term fundamentals remain intact … the risks could lead to more pronounced delays in capital spending that could last for two years."

The analysts also note that with defined reserves in the mining sector of about 28 years –nearly twice the average reserve life for the oil industry – "mining companies could put capex plans on hold and switch to share buy-backs."

Management can get better returns from share buy-backs (at an internal rate of return of 18%) rather than with Greenfield developments (at an internal rate of return of 10%), the research division estimates.

In the last week of Oct., Vale made public that it would buy back 4.5% of its outstanding shares.

"The company could buy back 15-20% of its shares for the cost of the estimated 2009 capex budget, which is currently being planned at US$14.2 billion for 2009 compared to US$11 billion in 2008," the report states.

[Industry Bulletin] Industry Bulletin - The Good And Bad News About Base Metal Prices

06 Nov 2008 10:12:00 GMT

Dear Shareholder,

Please click on the following link to read the Resource Investor Article on the current state of the Base Metals Industry.

The Good And Bad News About Base Metal Prices