NYBob Monday, 12/04/06 04:50:14 PM Re: originunknown post# 1 Post # of 31 Canadian Arrow Mines completes shares for debt - and relocates head office - SUDBURY, ON, Dec. 1 /CNW/ - Canadian Arrow Mines, Ltd. - (CRO: TSX-V) Canadian Arrow today announced that further to its news release of October 23, 2006, it has settled an aggregate of $365,000 of debt by issuing a total of 600,000 common shares of the Company at a deemed issue price of $0.15 per share and a total of 1,100,000 common shares of the Company at a deemed issue price of $0.25 per share. All securities issued pursuant to this transaction are subject to a Canadian hold period expiring March 30, 2007. Canadian Arrow also announced that effective November 22, 2006, it has changed the address of its head office as follows: 236 Cedar Street Sudbury, Ontario P3B 1M7 Phone: (705) 673-8259 Fax: (705) 673-5450 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". If you would like to receive press releases via email please contact: email@example.com.