Mr. Phillip Thomas reports

SHAREHOLDER APPROVAL REQUESTED

Arrowstar Resources Ltd. has, to date, been unable to raise the necessary capital to retain the auditor to complete its Dec. 31, 2013, audit, which is due for filing on April 30, 2014. The audit is a requirement to have the company continue to trade on the TSX Venture Exchange. The company is seeking shareholder approval for the share consolidation announced on March 26, 2014, by written confirmation from shareholders. The company requires not fewer than 51 per cent of the issued and outstanding shares of the company to be voted in favour of the resolution. With the consolidation approved by the shareholders, the company is hopeful it will be able to move quickly to acquire the necessary capital to finalize the audit.

We seek Safe Harbor.