Canadian Arrow Grants Share Purchase Options

    




 SUDBURY, ON, June 29, 2012 /CNW/ - Canadian Arrow Mines, Ltd.  (the "Company") announced today that pursuant to its stock option plan  and subject to approval of the TSX Venture Exchange, the  Company  granted a total of 3,770,000 options to nine officers, directors and  employees of the Company on June 28, 2012.  These options have an  exercise price of $0.10 per share and have a term of 5 years. 

 About Canadian Arrow Mines: 

 The Company is resuming production on its past producing Alexo mine  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 it's flagship Kenbridge nickel/copper/cobalt  project located near Kenora, Ontario. Exploration potential exists  along strike and at depth on both projects. 

 Additional information relating to Canadian Arrow is available on SEDAR  at www.sedar.com    

 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. 

Canadian Arrow Mines Limited


CONTACT:  visit the website at www.canadianarrowmines.ca, or contact Mr.KimTyler President and Director toll free, 1-877-673-5462. 


    

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