CANADIAN ARROW MINES LTD.CRO.V

Corporate Review – April 2011

This presentation may contain "forward-looking statements" within the meaning of 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 presentation and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied by the forward-looking statements. Such factors include various risks related to the Company’s operations, which are detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www. sedar.com. Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

TimminsKenbridge

Turtlepond

Canada’s Emerging Nickel-Copper Producer

Asset Valuation vs. Market Cap

3 Key Nickel‐Copper Assets: 104M lbs of NI 43‐101 contained nickel:

1. Kenbridge nickel‐copper project: 98M lbs of Ni @ US$3.55/lb C1 prod. costNPV@ US$10/lb Ni net of Cu credits:  $253M

2. Alexo and Kelex nickel mines: 5.8M lbs of Ni @ US$5/lb prod. Cost

3. Arrow retains 2% NSR in Hart nickel project starting Q1 2012, (Liberty Mines Inc.*):Life of mine net NSR revenue est’d @ $246M*2 NPV (@US$7/lb)Arrow retains a 2% NSR @ US$10/lb = $9M

Total Net Asset Value:  $282M

Market Capitalization:Arrow Shares outstanding:  131,792,030 @ $0.09Market Capitalization: $12M (96% discount to NAV)Current  nickel LME price:  US$11.50/lb Arrow Market Cap/lb Ni: US$0.12/lb (99% discount to LME market)

*1 Internal estimate

*2 Liberty Mines Inc. PEA, Feb 26, 2010)

TSX Venture   CRO.VShare price  $0.09Market capitalization $12 MShares outstanding      131.8 MWarrants     3.4 MFully Diluted        136.8 M

52 week high/low                 $0.125‐ $0.025

Majority Shareholders:• Pinetree Capital                     8.4 %• Management  7.8 %

Corporate Information (as of April 20, 2011)

Why invest in nickel? Two thirds of world nickel production consumed in stainless steel.

• World stainless production has increased by avg. 8% qtr over qtr in 2009-10.

• Record world production @ 32mt in 2010

• China has led the way: 41% domestic production increase over the period.

• 70 nickel producers shut down in 2008, many permanent

• Conventional Ni sulphide deposits low risk, low capital, low op’g cost compared to laterites, pig nickel

Stainless and Heat Resisting Crude Steel Production

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2004 2005 2006 2007 2008 2009 2010

Source: ISSF International Stainless Steel Forum

(100

0 to

nnes

)

World ChinaAsia w/ ChinaAsia w/o ChinaThe Americas Central + Eastern EuropeW.Europe/Africa

*1% Nickel ~ 0.200 opt gold or 6.6 gpt (March 25, 2011)

Production Objectives:

Re‐start Kelex production Q3 2011:Recent 2011 drilling to be included in expanded Kelex resource estimate (in progress) 

Kelex metallurgical work (in progress at Xstrata Process Services)

permit amendments (submitted, awaiting approval)

Finalize custom milling/concentrate off‐take terms with Xstrata integrating met test work recoveries

Use cash flow from Kelex ($20M) plus Hart NSR ($9M) to finance Kenbridge feasibility ($2M) and construction ($108M)

Production Timelines

2011 2012 2013

Kenbridge:

Road work

Permitting  ($0.5M)

($2M)

Construction ($108M)

* Timmins projects offer opportunity to finance Kenbridge through feasibility and into production with the Company’s own cash flow and minimal requirement for equity financing

$20M CF

Production

Timmins Production 

Feasibility

Hart NSR $2M/yr cash flow over 4.5 yrs

Projected Corporate Annual Cash Flow

Projected $454M net positive cash flow over 10 years

Near term production plan:

• Re‐start Alexo/Kelex Mines; 

• access early cash‐flow at high metal prices within 6 months

• generate $20M in cash flow

• Liberty Mines Hart Project NSR to generate additional $5‐9M in cash flow starting Q1 2012

• Use cash flow to develop and construct Kenbridge

• Generate additional $421M in cash flow over 8 years

Annual Projected Cashflow

-$200,000,000

-$100,000,000

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Cumulative CF Timmins Hart NSR Kenbridge

Timmins Projects Economics: 5.8 M lbs of contained nickel in 6 zones

• Total NI 43‐101Resource:• 249,500 tonnes @ 1.08% nickel indicated

• 54,000 tonnes @ 0.84% nickel inferred

• Permits remain in place• Custom milling facilities

now nearby• Direct ore shipping

options

Kelex

Kidd Met Site

Liberty Mines Mill

2011 Drilling Results: New Massive Sulphide Lens Discovery

New 2011 Massive sulphide lens discovery:

•5.84% Ni/0.6m

•5.01% Ni/1.0m

Indicated resource blocks

ALX‐01‐96: 2.51% Ni/0.77m

HUX‐04: 1.81% Ni/1.3m

300m undrilled

2.13% Ni/4.9m

Hart Project: Liberty Mines Inc.

PEA completed March 2010:1.7Mt @ 1.26% Ni 0.10% Cu potentially mineable, 47.8m lbs contained NiUnderground, ramp access, 4.5 yr LOM @ 1,500 tpd

Net smelter revenue to Arrow:$246M net NSR revenue:

2% NSR @ US$7/lb Ni = $5m$435M net NSR revenue:

2% NSR @ US$10/lb Ni = $9m

Kenbridge Nickel‐Copper Project

• NI 43‐101resource of 98M lbs nickel, 52M lbs copper, contained• Arrow completed PEA: stand alone open pit + UG, 

mill/concentrator facility• LOM C1 cash cost/lb Ni net of Cu:  US$3.55/lb• Road access within 100 km of either CN or CP railheads; 

1,500 km by rail to Sudbury• Start‐up capital: $108M

• Former Falconbridge project, 60 man camp (1952‐58)• 623m x 3 compartment shaft, (4th compartment at bottom 2 

levels)• two levels developed, bulk sampled• metallurgical work completed (high Ni recoveries, low MgO)• Base metals price crash in 1958 ‐ never mined• Approximately $150M expended historically

Kenbridge

Significantly de-risked

Mine area & class Tonnes % Ni % Cu

Open Pit (M&I) 4.46 Mt 0.42 0.23

Underground (M&I) 2.67 Mt 0.96 0.50

Underground (Inf.) 0.1 Mt 1.38 0.88

Kenbridge – Resources @ US$10/lb

Aug. 2008 NI 43‐101

• 98 M lbs of contained nickel• 52 M lbs of contained copper• Deposit is open at depth in all directions• High grades at depth, including 

• 7.2% Ni over 5.5m (1.5 opt Au equiv)• 4.3% Ni over 3.0m

• PEA economics:•US$10.00/lb Ni, $2.50/lb Cu, US$0.90 exch.•LOM C1 cash cost/lb Ni net of Cu:  US$3.55/lb•pre‐tax NPV7.5%: $253 M, ($144M@ US$8/lb)•pre‐tax IRR: 65%

4.3% Ni/3.0m

7.2% Ni/5.5m

OPEN

OPEN

OPEN

Kenbridge Site

Proposed pit

Existing 2000’Shaft

Camp

Massive Sulphides exposed at surface

Lynn Lake, Manitoba Geological Model:Comparable to Kenbridge Ni District ‐Multiple Deposits, mostly sub‐surface

Kenbridge, (superimposed)

(Source: Victory Nickel Corp.)

Lynn Lake, Manitoba (Sherritt Gordon Mines) North America’s 3rd largest nickel camp (1953-1976):

• 22 Mt @ 1% Ni, 0.5% Cu from 12 deposits; 8 of which were sub-surface

Regional Exploration: an underexplored Ni‐Cu‐PGM belt

Kenbridge

Caribou Lodge Discovery;

4.5% Ni/0.7m

Kenbridge NorthTurtlepond/Denmark projects: 

• 9 separate Ni/Cu occurrences including three new discoveries within 70 km of Kenbridge

15km strike of favourable structural corridor

Several untested magnetic and EM 

anomalies for field follow‐up.

Summary:

Two low‐risk, near‐term production projects plus NSR revenue totaling $285M in net asset value

Market capitalization of $12M, (95% discount to NAV) 

Opportunity to re‐start production, generate revenue in 2011 with minimal capital outlay and requirement to finance

Excellent exploration opportunities and land positions in both project areas 

NI43‐101 indicated nickel inventory market valuation of US$0.09/lb vs. LME market price of $US12.40/lb Ni: 99% discount to LME nickel price