Arctic Star Diamond Corp. (TSX VENTURE:ADD) ("Arctic Star" or the "Company") has
received further results from its new nickel discovery at the 100% owned Credit
Lake Property, Northwest Territories (NT).


As reported in the news release dated May 26th, 2008, the Company drilled a
single angled hole (08CR-10) targeting a MaxMin HLEM conductor within the
Providence Lake Greenstone (PLG) Belt to investigate the potential for Ni-Cu
sulphides near anomalous Ni-Cu soil samples collected in 2007.


Disseminated, stringer and massive sulphides were intersected over a 32.7m drill
interval within amphibolite-grade metamorphosed mafic to ultramafic lava flows.
Massive sulphides were intersected at two intervals (0.2-metre and 0.6-metre
width) between 117.6m and 118.8m depth. The massive sulphide returned
significant copper, nickel, and cobalt assays. Further copper and nickel assay
results have now been received for the disseminate and stringer sulphide zones
and the results when combined with the sulphide zones are described in Table 1:




Table 1: ASSAY RESULTS:- see note below table

----------------------------------------------------

Hole #      from      to  interval   Copper   Nickel
----------------------------------------------------
              (m)     (m)       (m)       %        %
----------------------------------------------------
O8CR-10    102.0     103       1.0     0.15     0.19

           105.1   110.6       5.5     0.14     0.10

           117.6   122.0       4.4     1.04     0.82

           131.4   133.2       1.8     0.58     0.18
----------------------------------------------------
The samples were derived from split BTW core and hand delivered to the
ALS Chemex preparation laboratory in Thunder Bay, Ontario. The split core
was crushed and pulverized. Massive sulphides were assayed using 3-acid
digestion with atomic absorption spectrometry finish. All other samples
were assayed by aqua regia and atomic absorption spectrometry, providing
only partial liberation. Results are rounded to the nearest 0.01%.
Intervals given are from an angled hole drilled at a dip of -45 degrees
and azimuth 180 degrees, the true width of the interval is not known.



All the samples are currently being analyzed for platinum group elements (PGEs,
Pt, Pd, Ir, Os, Re, Rh). First pass ICP MS results from the disseminated and
stringer sulphides show elevated Pt and Pd, to a maximum of 0.5 g/t and 1.0 g/t
respectively. PGE results from the massive sulphide zones are pending.


The preliminary VTEM (heli-borne time domain electromagnetic survey) results
have been received as shown in Figure 1 (To view Figure 1, click on the
following link: http://media3.marketwire.com/docs/ADD_vtem2.jpg). The VTEM
results show that the angled drill hole intersected the SE end of a 1.5km long
EM conductor. The conductor is interpreted to consist of two parallel horizons,
a northern, upper horizon of sulphide faces iron formation, and the lower, more
intermittent horizon of volcanic hosted nickel sulphides. Further drill testing
of numerous other similar targets in the VTEM data will refine this
interpretation. An image of the VTEM data is provided with this news release,
and is also available on the Company's web site at www.arcticstardiamond.com.


Buddy Doyle, VP of Exploration for Arctic Star, said, "The company is very
pleased with this early result from what was planned as a stratigraphic hole
drilled to understand the ultramafic sequence. The fact that we hit
mineralization in such a hole is very encouraging. It proves the Providence Lake
Greenstone belt can produce significant nickel sulphide style mineralization and
that the exploration model is real. With the numerous EM anomalies generated by
the VTEM survey we have many targets and much work ahead of us this summer,
including an extensive drill program."


The Credit Lake and New Bigg projects are supervised by Mr. K.R. Kivi, P.Geol.,
a Qualified Person as defined by National Instrument 43-101. Mr. Kivi has
reviewed the content of this news release.


On Behalf of the Board of Directors

Patrick Power, President

Arctic Star Diamond Corp.

This news release contains Forward Looking Statements regarding our intentions
and plans. Various factors may prevent or delay our plans, including but not
limited to, contractor availability and performance, weather, access, mineral
prices and success and failure of the exploration and development carried out at
various stages of the program. Readers should review risk factors applicable to
junior mining exploration companies generally to understand the variety of risks
that can affect the Company.
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