Mr. Robert Card reports

ARROWSTAR FILES DRILL APPLICATION FOR ALASKA PROJECT

Arrowstar Resources Ltd. has filed its application for a drilling permit on its Snettisham iron ore prospect located near Juneau, Ala. The company recently completed a ground magnetic survey of the property and co-ordinated the results with previously secured surface sample results. The drilling permit covers a proposed 3,600 metres of drilling comprising nine to 15 holes ranging in depth from 200 to 500 metres. Initial review has identified three high magnetic intensity areas over a 750-metre distance, with the largest area having a magnetic intensity greater than 78,000 nanoteslas over an ellipsoidal surface area of approximately 750 metres by 750 metres. The foreshore, where significant magnetite outcrop was located in the June, 2012, rock chip survey, measured 71,500 nanoteslas.

The drilling program is designed to determine the extent of the mineralization at depth, the mineralogy and petrology, the contact rock, and the magnitude of the mineralization. With this data, an NI 43-101 report will be prepared to report on the drilling results and the extent of the mineralization.

The company also announces the signing of a drilling contract with Black Rock Drilling of Spokane, Wash. The company expects to initiate the drilling within two to three weeks of receiving approval of the permit from the seven different government organizations it has submitted its documents to.

Phillip Thomas, BSc, MBusM, MAIG, vice-president, exploration, a qualified person under NI 43-101, has reviewed and approved the content of this release.

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