Effective at the open on Thursday, June 2, 2016, trading in Arrowstar Resources Ltd. common shares will resume, satisfactory documentation having been received by the TSX Venture Exchange in respect of an assignment agreement dated March 29, 2016, between the company and Performance Acquisitions LLC, under which Performance has assigned its interest in an option agreement with NJB Mining Inc., under which Performance has the option to acquire up to a 100-per-cent interest in the Tin Cup and FM (Secret Pass) concessions from NJB.

This resumption of trading does not constitute acceptance of the reviewable transaction, and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. Arrowstar is required to submit all of the required documentation relating to the reviewable transaction.

Completion of the reviewable transaction is subject to a number of conditions, including, but not limited to, exchange acceptance. There is a risk that the reviewable transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance.

For further information, please see the news release dated April 19, 2016, which is available under Arrowstar's profile on SEDAR.