TSX-V: ADD | FRA: A182.F | OTCQB: ASDZF

CORPORATE PRESENTATIONMAR 2018

These presentation materials (“the Presentation Materials”) are being supplied to you for information purposes only on ArcticStar. (the “Company”). These Presentation Materials have been prepared by and are the sole responsibility of the Company.The Company have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge,information and belief. / These Presentation Materials are being distributed only to and are directed at (a) persons whohave professional experience in matters relating to investments being investment professionals as defined in Article 19(5) ofthe Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the “FPO”), (b) high net worth companies,unincorporated associations and other bodies within the meaning of Article 49 of the FPO or (c) persons to whom it mayotherwise lawfully be communicated (together “Relevant Persons”). Any person who is not a Relevant Person or who doesnot have professional experience in the matters relating to investments should not act or rely on this document or any of itscontents. / These Presentation Materials do not constitute, or form part of, a prospectus relating to the Company, nor dothey constitute or contain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose ofany shares in the Company or advise persons to do so in any jurisdiction, nor shall it, or any part of it, form the basis of or berelied on in any connection with any contract. No reliance may be placed for any purpose whatsoever on the information oropinions contained in this document or on its completeness and no liability whatsoever is accepted for any loss howsoeverarising from any use of this document or its contents otherwise in connection therewith. Prospective investors areencouraged to obtain separate and independent verification of information and opinions contained in the PresentationMaterials as part of their own due diligence. / By accepting these Presentation Materials, the Recipient agrees that theinformation contained herein or sent herewith or made available is for information purposes only. Without prejudice to theforegoing, neither the Company, nor its advisers nor its representatives accept liability whatsoever for any loss howsoeverarising, directly or indirectly, from use of this document or its contents or otherwise arising in connection therewith. / Thedistribution of these Presentation Materials in certain jurisdictions may be restricted by law and persons into whosepossession these Presentation Materials come should inform themselves about, and observe, any such restrictions. Anyfailure to comply with these restrictions may constitute a violation of the laws of any such other jurisdictions. / Somestatements contained in these Presentation Materials or in documents referred to therein are or may be forward-lookingstatements. Actual results may differ from those expressed in such statements, depending on a variety of factors. Pastperformance of the Company or its shares cannot be relied on as a guide to future performance. Any forward-lookinginformation contained in these Presentation Materials has been prepared on the basis of a number of assumptions whichmay prove to be incorrect, and accordingly, actual results may vary.

CAUTIONARY STATEMENT ONFORWARD LOOKING INFORMATION

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CAPITAL STRUCTURE

Ticker TSX-V: ADD

Shares Outstanding 95,791,883

Options 9,460,411

Warrants 40,333,703

Average Volume 400,000

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FINLAND RATED AS WORLD’S #1 MINING

JURISDICTION BY FRASER INSTITUTE

COMPANY OVERVIEW• Arctic Star Exploration Corp. is a junior natural resource

company engaged in the acquisition, exploration, and

development of mineral properties. Arctic Star has four mining

projects primarily focused on Diamonds.

• Timantii Project, located in Finland was discovered after

finding a diamond bearing kimberlite at surface which lead to

the discovery of a new Diamondiferous Field.

• Diagras Project, located in Canada NWT next to the Ekati &

Diavik Mines has generated drill ready targets. 40% JV with

Margret Lake Diamonds.

• Stein Project, located in Canada Nunavut is drill ready with

an indicator mineral train in Western Hudson bay, leading to

pipe like magnetic anomalies.

• Cap Project, located in Canada BC has discovered a Large

Mineralized Carbonatite Complex Primarily Focused on

Niobium.

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BOARD OF DIRECTORS & MANAGEMENT

Patrick PowerEXECUTIVE CHAIRMAN,

DIRECTOR

Buddy DoyleVP EXPLORATION,

DIRECTOR

Roy SpencerCOUNTRY MANAGER,

DIRECTOR

Scott EldridgePRESIDENT & CEO,

DIRECTOR

Thomas YinglingDIRECTOR

Sean CharlandDIRECTOR

Jared LazersonDIRECTOR

Bill FerreiraDIRECTOR

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PROVEN TRACK RECORDFINDING DIAMOND MINES

Roy Spencer (Photo above) led the team that discovered the

Grib Diamond Mine in Russia sold for $1.5B. The Timantii

Project is on the same geological belt as Grib and

Lomonosov Diamond Mines. Roy has worked in diamonds

since 1970s with De Beers and other companies.

GRIB MINE

DIAVIK MINE 6

PROVEN TRACK RECORDFINDING DIAMOND MINES

Buddy Doyle (Photo above) led the exploration team that

found the Diavik diamond mine sold for $1.2B in Canada.

Buddy has worked with Diamonds since the 1980s with Rio

Tinto & Arctic Star at Diavik.

DIAVIK MINE

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LOCATED NEXT TO SUCCESS

• Finland Was Recently Ranked as

World’s #1 Mining Jurisdiction in

the world by the Fraser Institute

• 100% Interest 243 Ha

Exploration Permit. No Royalties

• District Scale Land Package:

95,700 Hectares or Exploration

Reservation Exclusive Rights for

2 Years

• Same Geological Belt as Grib &

Lomonosov. Both Mines Are

Billion Dollar Producers

INFRASTRUCTURE MATTERS

• 17km away from Kuusamo

400m off the highway

• Property is 4km away from

a bus stop

• Flat and easy terrain to

access the property

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TIMANTTI PHASE 1 WORK PROGRAM

• Commenced November 2017

• Ground Geophysics: Magnetic, Gravity and EM Surveys

• Excavator Till Sampling: Approximately 20 Samples ~50lbs

• Drill Program: Approximately 1,500 Metres

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TIMANTTI PHASE 1 WORK PROGRAM RESULTS

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• Currently Underway With Ongoing Results

• Ground Geophysics: Have Generated Multiple Excavator and Drill Targets

• Excavator Till Sampling: Has Discovered Multiple Kimberlite Bodies

• Drill Program: Has Discovered Multiple Kimberlite Bodies

New Discovery Grey Wolf

G10 Indicator Minerals in the CoreTwo Pyropes in the Kimberlite Drill Core

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Arctic Star released assay results for surface samples

containing 58 diamonds in 18.9kg of a kimberlite

WHITE WOLF KIMBERLITE MICRODIAMOND ASSAY RESULTS

DIAMONDS AT SURFACE

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Arctic Star recently discovered 111 diamonds in 48.65kg of a

kimberlite diamond drill core. Arctic Star has discovered a total of

169 diamonds at White Wolf.

WHITE WOLF SRC CAUSTIC FUSION MICRODIAMOND RESULTS

DRILLING THE DISCOVERY

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DIA GRAS LOCATED NEXT TO SUCCESS

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• Diavik Diamond Mine

recently sold for $1.2B

• Magnetics was the

principal tool in the 1990’s.

Arctic Star is using gravity

and EM methods to detect

missed phases

• Each kimberlite phase can

have different geophysical

signatures, often non-

magnetic

• Arctic Star & Margret Lake in Blue

• Green Diamonds are known

kimberlites

• The Blue Diamonds are known

Kimberlites with mine plans that

have Greater than 1ct/t

Diagras Joint Venture

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• Color patches Ground Geophysical surveys

covered in spring 2017

• The Lac de Gras and Slave Craton kimberlites

demonstrate complex emplacement histories

with multiple kimberlite events and phase

• Each kimberlite phase can host different

diamond grades and values

Diagras Property

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Stein Project Location

The STEIN project is

located 85 km northwest

of Taloyoak, Nunavut on the

southern Boothia Peninsula.

45 km from tide water

Taloyoak

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Indicator Minerals and Geochemistry

High quality indicator minerals down ice from drill targets Strong diamond indicator minerals

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Airborne Magnetics

• Low level heli-borne magnetics.

100 meter line spacing with

anomaly specific 50 meter infill

• Numerous discrete magnetic

anomalies up-ice of geochemistry

• Drill Ready, geophysics complete

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CAP PROJECT

• 21 mineral tenures covering an area of 10,482ha

• 85 km northeast of Prince George BC, Good

Infrastructure, Forestry Land

• Recently discovered a Niobium bearing

Carbonatite Complex

• Outcropping 0.96% Nb

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Highlights of Drill Results

• Highlights from drill hole CAP17-004 are summarized as follows:

• 85.24 meters to 95.66 meters -- 0.35 per cent Nb2O5 across 10.42 meters, including 2.26 meters of 0.63 per cent Nb2O5

• 98.87 meters to 118.50 meters -- 19.63 meters of 9.94 per cent P2O5, including 2.55 meters of 20.97 per cent P2O5

• 136.1 meters to 138.5 meters -- 2.4 meters of 0.81 per cent TREOs.

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14TH FLOOR - 1111 W. GEORGIA ST. VANCOUVER, B.C.

V6E 4M3

WWW.ARCTICSTAR.CA

604-689-1799

INFO@ARCTICSTAR.CA

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