Mr. Robert Card reports

ARROWSTAR PROVIDES UPDATE ON CORPORATE DEVELOPMENTS

Arrowstar Resources Ltd.'s annual general meeting will be held on June 13, 2013. The details and an information circular have been mailed out to all shareholders of record. The company is pleased to report that Arrowstar's director and vice-president of exploration, Phil Thomas, accompanied by the proposed drilling contractor and a geological crew, has returned from a successful trip to the company's Port Snettisham iron ore project on the Alaska Panhandle, 30 miles southeast of Juneau. The intention was to identify and determine nine proposed drill sites and to record their global positioning system co-ordinates. (This drilling program is designed to bring the historical information of the project to a modern National Instrument 43-101-compliant resource estimate.) Subsequently the group met with the U.S. Department of Agriculture Forestry Service in Juneau where photographs and other specifics were added to the drilling permit application. A separate application was filed with it for a plan of operations for mining activities on national forest land systems. A reclamation bond will be posted shortly.

Phillip Thomas, BSc, MBusM, MAIG, a qualified person under National Instrument 43-101, has reviewed and approved the content of this release.

We seek Safe Harbor.