Mr. Robert Card reports

ARROWSTAR ENGAGES LAWRIE KOYLE FOR INVESTORS SERVICES

Arrowstar Resources Ltd. has engaged Lawrie Koyle of Vancouver, B.C., to provide investor relations, corporate communications and marketing services to the company.

Mr. Koyle will use his expertise to implement an investor relations program that will expose the company to a broad range of potential investors including relevant industry investors and stakeholders through available mediums including traditional outreach marketing methods.

Robert L. Card, president and chief executive officer of the company, commented, "We are very pleased to begin working with Mr. Koyle on our iron ore projects in Alaska, Quebec and Labrador."

The service agreement between the company and Mr. Koyle is for an initial term of 12 months beginning Sept. 26, 2012, and may be extended upon mutual consent of both parties. In consideration for the investor relations, corporate communications and marketing services, Mr. Koyle will be paid a monthly fee of $4,500 out of working capital of the company and will receive 200,000 stock options to purchase common shares in the capital of the company at an exercise price of 10 cents per share. The options will be vest over a 12-month period in accordance with the policies of the TSX Venture Exchange and expire five years from the date of grant or earlier if the agreement is terminated prior thereto. The agreement is subject to regulatory approval and all terms will be subject to and in accordance with the rules and regulations of the TSX Venture Exchange.

In addition, the company has granted additional 910,000 stock options to directors, officers and employees under the company's stock option plan.

We seek Safe Harbor.