Arctic Star Diamond Corporation reports assays, 1.68% nickel, 0.99% copper, 0.17% cobalt, 0.34 ppm platinum, and 2.23 ppm palladium from 1.65 meters of massive sulphides. These are the first results received from its ongoing drilling program from a new nickel discovery on its 100% owned Credit Lake property, in the Northwest Territories. Massive sulphide in lenses up to 5.1 meters thick has now been intersected in 7 of the 9 holes completed in this program. Disseminated sulphide zones also exist in all holes drill to date.

In April 2008, Arctic Star discovered disseminated, stringer and massive sulphides with significant nickel, copper and cobalt values. In mid July 2008, Arctic Star returned to Credit Lake to continue exploration on this new discovery. Exploration underway includes prospecting, soil sampling, geological mapping, geophysics and diamond drilling. Drilling has followed a 30 meters vertical and horizontal step out protocol in the discovery area. Arctic has now nine drill holes into this program and they are successfully defining the shape and extent of this komatiite and amphibolite hosted nickel mineralization.

The results reported from the first diamond drill hole in the current drill program, DDH 08CR-11 which intersected matrix and massive sulphide 30 meters below the same intercept reported in the first hole, DDH 08CR-10. Mineralized komatiitic lavas occur from 127.7 meters to 152.4 meters in DDH 08CR-11. Within the komatiite, a lense of 1.65 meters of massive sulphides occurs between 139.75 meters and 141.4 meters, it was this interval that was rushed to the lab.

The rush assay results from DDH 08CR-11 confirm the nickel, copper cobalt results of the first hole continue at depth and of particular note the assays confirm the mineralization contains platinum and palladium. Table 1 lists the massive sulphide assays received to date.