Attention Business Editors:

Canadian Arrow Mines New Nickel Discovery - 4.51% Ni over 0.75m

     SUDBURY, ON, April 30 /CNW/ - Canadian Arrow Mines, Ltd. (CRO: TSX-V)
(the "Company") has intersected massive Ni-Cu sulphides while exploring the
Denmark Lake Property, situated approximately 10 km south of the Kenbridge
deposit. A high grade section assaying 4.51% Ni, 0.44% Cu, 0.15% Co over a
core length of 0.75 metres was discovered in the first hole of the exploration
program. The mineralization consists of massive, blebby and disseminated
sulphides positioned near the base of an ultramafic intrusion, a geological
setting typical of most magmatic nickel deposits. Appreciable platinum and
palladium contents are present in the discovery which is consistent with this
ultramafic hosted deposit type.
     Hole       From     To Length     Ni     Cu     Co     Pt     Pd
                   m      m      m      %      %      %   gm/t   gm/t
     CL-08-01   39.4   64.0   24.6   0.35   0.36   0.01   0.20   0.10
     CL-08-01   39.4   53.5   14.1   0.41   0.45   0.02   0.25   0.12
     CL-08-01   39.4   45.8    6.4   0.79   0.53   0.03   0.33   0.14
     CL-08-01   39.4   42.0    2.6   1.72   0.86   0.06   0.39   0.13
     CL-08-01   40.2  40.95   0.75   4.51   0.50   0.16   0.02   0.02
     CL-08-01   59.0   64.0    5.0   0.41   0.34   0.02   0.15   0.08
     CL-08-02
     CL-08-03   41.0   45.0    4.0   0.38   0.79   0.02   0.13   0.06
     CL-08-03   59.0   65.9    6.9   0.32   0.71   0.02   0.18   0.08
     CL-08-02 was drilled below the dip of the host intrusion and did not
intersect mineralization.
     Todd Keast, Arrow's VP Exploration commented "The Caribou Lodge discovery
demonstrates the excellent exploration potential of the area and opportunity
for Arrow to rapidly identify and evaluate high potential targets such as this
one. There has been minimal exploration conducted on this body in the past, we
are very encouraged by the preliminary results and will be undertaking a
comprehensive exploration program. The new discovery differs geologically from
the Kenbridge Deposit and presents a new deposit type to explore for. We will
continue our efforts to evaluate the discovery and identify additional targets
to evaluate in our ongoing regional exploration program."
     Hole      Depth    North    East     Azimuth     Dip
     CL-08-01    204  5470754  451682         230     -49
     CL-08-02    270  5470772  451700         226     -49
     CL-08-03    249  5470793  451654         217     -55
     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.
     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.com/IR/CanadianArrow where they can post questions and
receive answers within the same day, or simply review questions and answers
posted by other investors. Alternatively, 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 all future press
releases and updates in real time.
     If you would like to receive press releases via email please contact:
                              sarah@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.
     This news release may contain certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with The TSX
Venture Exchange, Canadian Securities Commissions, and the United States
Securities & Exchange Commission. Not to be construed as an offer to buy or
sell securities of this company.
     %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 Sarah Gingerich, Tel: (416)
868-1079 ext. 238, E-mail: sarah@chfir.com