Canadian Arrow Mines

SUDBURY, ON, Sept. 17, 2012 /CNW/ - Canadian Arrow Mines Limited. (CRO: TSX-V) (the "Company") is pleased to announce it has commenced producing and stockpiling nickel-bearing massive sulphides produced from its Kelex mine.  Furthermore, initial mine development and overburden stripping have exposed unexpected near-surface nickel-bearing massive sulphides extending both east and west along strike of, and continuous with, the current production zone.  The stripping program will continue to further evaluate the discoveries that continue to project an unknown width, depth and strike distance below overburden cover.  Channel sampling is planned once the extent of mineralization is exposed.  Results will be published as they become available.

Mr. Kim Tyler, President of the Company stated, "We are pleased to have achieved the production milestone and are particularly excited about the discovery of the new strike extensions. Development work intended for ramp access in unmineralized rock unexpectedly encountered 2 metres of solid nickel-bearing massive sulphide on the sparsely drilled flanks of the known mineralization.  The new mineralization will be a welcome addition to our production plans and demonstrates greater continuity of the Alexo Nickel Complex mineralization on the whole."

Widths of up to 3 metres of continuous massive and semi-massive sulphide over a 22 metre extended strike length on the west and 13 metres of extended strike on the east have so far been exposed.  Depth extensions will become better understood as production advances to depth.

Delivery and custom milling of stockpiled ore will occur upon a mutually agreed delivery schedule between the Company and its custom milling and concentrate off-take partner.

SUDBURY, ON, June 27, 2012 /CNW/ - Canadian Arrow Mines Limited (CRO: TSX-V) (the "Company") is pleased to report that it has entered into an option agreement (the "Agreement") with San Gold Corporation (SGR: TSX-V) ("San Gold") whereby the Company has agreed to grant San Gold the option to acquire an 80% undivided interest in all precious metals including, but not limited to, gold and silver but specifically excluding platinum and palladium (the "Precious Metals"), contained on it's current properties. The rights to all other mineral resources including, but not restricted to, base metals, platinum and palladium remains with Canadian Arrow.

Mr. Kim Tyler, President, said, "We are very pleased that San Gold has agreed to invest exploration expenditures in our mineral properties and in our Company directly through the equity placement. This represents an aggregate $2,000,000 investment in the Company.  Many unexplored exploration targets and geophysical anomalies on our properties are prospective for both base metal and precious metal potential."

To maintain the Agreement in good standing and earn an 80% interest in the Precious Metals contained on the properties, San Gold has agreed to, among other things, purchase 5,000,000 units of the Company at a price of $0.10 per unit. Each unit will be comprised of one common share in the capital of the Company and a ½ of one share purchase warrant. Each full warrant will entitle San Gold to purchase one common share in the capital of the Company for an exercise price of $0.20 for a period up to two years from the date of the issuance of the warrant.  The securities issued in connection with the unit offering are subject to a four month hold period that will expire on October 26, 2012. In addition San Gold is also required to incur an aggregate $1,500,000 in expenditures on the properties graduated over four years from the date of execution of the Agreement. Upon completion of San Gold's obligations under the Agreement, San Gold will earn an 80% interest in all Precious Metals contained on the properties and a joint venture will be formed between San Gold and the Company. Initial ownership in the joint venture will be San Gold 80% and Canadian Arrow 20%.

Kelex Production Update:
Pre-production work has been progressing well on the Kelex project.  De-watering of the West and Central West pits is now complete.   Overburden stripping in advance of production is approximately 50% complete.

The information in this release was prepared under the direction of Mr. R. Kim Tyler, P. Geo., President of the Company, a Qualified Person as defined by NI 43-101.

About Canadian Arrow Mines:

The Company is resuming production on its past producing Alexo nickel complex located in the Abitibi nickel district east of Timmins Ontario. The Alexo and Kelex mines have historically produced 87,000 tonnes averaging 3.06% nickel from both underground and open pit mining.  The Company is also developing its flagship Kenbridge nickel/copper/cobalt project located near Kenora, Ontario. Exploration potential exists along strike and at depth on both projects.

docs.google.com/viewer