Arrow Minerals Limited (Arrow) announced that it has finalised and executed a definitive agreement (Earn-in Agreement) with Roxgold Inc. (Roxgold) wherein Roxgold can earn a 70% interest in Arrow's Hounde South Project (Project) after expenditure of up to USD 1 million (AUD 1.5 million) in exploration in two stages over four years. The Project consists of two exploration licences (being the Fofora and Konkoira permits) adjacent to Roxgold's Boussoura permit in southwest Burkina Faso. Historical exploration at the Project included stream sediment sampling that demonstrated the potential for gold mineralisation traversing both Arrow's and Roxgold's licenses. Under the Earn-in Agreement, Roxgold can acquire an initial 51% interest in the Project with the option to increase its interest to 70% through exploration expenditure as follows: First earn-in stage ­ Roxgold earns 51% interest by spending USD 600,000 (AUD 0.9 million) over two years; Second earn-in stage ­ Roxgold may increase its interest to 70% by spending USD 400,000 (AUD 0.6 million) over the following two years; and Roxgold and Arrow will form a joint venture where both companies contribute according to their interest for the remainder of the project life.