Attention Business Editors:

Canadian Arrow Mines - 2008 Summer Field Programs Underway

     SUDBURY, ON, June 3 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V) (the
"Company") has commenced field exploration activities on a group of properties
collectively referred to as the Turtlepond Lake Project, located in
northwestern Ontario. The programs will evaluate a number of prospective VTEM
helicopter-borne geophysical anomalies in addition to several historical
showings reported in previous press releases. The Glatz showing consists of a
series of trenches along a 450m long trend from which grab samples have
assayed up to 1.28% Ni. An 800m long VTEM anomaly is associated with the Glatz
showing. The Prigg showing has returned up to 1.0% Ni from grab samples, and
is coincident with an 800m long VTEM anomaly. The Emmons Lake showing consists
of grabs samples which have returned up to 1.6% Ni, and 10 packsack drill
holes which intersected up to 0.73% Ni, 0.58% Co over an 11.6 metre
intersection. The shallow packsack drilling defined an area approximately 45m
long by 15 m wide. A map of the Turtlepond Lake Project is available on the
company's website www.canadianarrowmines.ca/turtlepond_lake_projects.
     Todd Keast, Arrow's VP Exploration commented "In addition to the
excellent targets on the Turtlepond Lake Project, we have a number of quality
projects to explore this season, including the Eva Lake, Kawene, Chief Peter
Lake and Denmark Lake Projects. Our experienced exploration group will use the
knowledge gained from last seasons extensive program at Kenbridge to evaluate
the Ni-Cu sulphide potential of the exploration targets. There is great
potential for new discoveries in this region."
     The exploration program is being carried out under the direction of The
Company's Vice President of Exploration, 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 Kim Tyler, P. Geo., President of
the Company, a qualified person as defined by National Instrument 43-101.

     About Canadian Arrow Mines, Ltd.

     Canadian Arrow Mines, Ltd. is an established Canadian exploration and
development Company committed to developing and advancing base metal deposits
close to existing infrastructure through exploration, development and
acquisition. Shares of Canadian Arrow Mines trade on the TSX Venture Exchange
under the symbol "CRO".

     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.

     If you would like to receive press releases via email please contact:
     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, Tel: (416)
868-1079 ext. 222, E-mail: barry@chfir.com or Alison Tullis, Tel: (416)
868-1079 ext. 233, E-mail: alison@chfir.com