Canadian Arrow Mines releases Atikokan drill results

    SUDBURY, ON, Nov. 12 /CNW/ - 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 the Eva 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.

               From         Width                  Pt     Pd     Au    PGM
    Hole No.     m     To m    m    Ni %   Cu %   gm/t   gm/t   gm/t   gm/t

    EL-08-02    53.1   58.0   4.9   0.21   0.45   0.06   0.06   0.06   0.17
    EL-08-06     7.4   36.0  28.7   0.22   0.58   0.17   0.21   0.19   0.57
    EL-08-09   154.0  179.0  25.0   0.15   0.29   0.15   0.19   0.15   0.49
    including  162.0  174.0  12.0   0.19   0.46   0.24   0.31   0.26   0.81
    KW-08-01   186.0  193.0   7.0   0.06   0.10   0.13   0.12   0.01   0.25
    KW-08-03    40.5   52.7  12.2   0.11   0.31   0.25   0.37   0.02   0.63
    KW-08-05    44.3   67.1  22.8   0.08   0.16   0.30   0.35   0.01   0.67
    including   44.3   56.0  11.7   0.10   0.25   0.45   0.51   0.02   0.97

    The company had staked an additional four claim units (2,440 hectares) to
cover prospective magnetic anomalies and potential exploration targets between
the Kawene and Eva Lake Projects.

             DDH No.   Northing   Easting   DDH Az   DDH Dip

            EL-08-02    5399166    631579     160     -47
            EL-08-06    5399143    631539     160     -47
            EL-08-09    5399081    631397     160     -75
            KW-08-01    5402160    630204       0     -46
            KW-08-03    5402277    630254     180     -70
            KW-08-05    5402294    630201     180     -55

    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 of Mr. Kim Tyler, P. Geo., President
of the Company, a qualified person as defined by National Instrument 43-101.
    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.

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                             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