Mr. Phillip Thomas reports

ANNUAL GENERAL AND SPECIAL MEETING RESULTS

Arrowstar Resources Ltd. held its annual general and special meeting of its shareholders on July 28, 2014. At the meeting, the company's shareholders appointed Phillip Thomas, Robert Card, Blaine Bailey and Andrew Jarvis to the board of directors of the company for the ensuing year. The shareholders also reappointed Davidson & Company LLP, Chartered Accountants, as the company's auditor and approved the company's 10-per-cent rolling stock option plan. The shareholders approved amending the company's articles of incorporation to include the advance notice provisions previously adopted by the board of directors. The shareholders approved an amendment to Section 9.1 of the company's articles of incorporation to confer discretion on the board of directors to undertake future consolidations or subdivisions of the company's share capital. The shareholders also approved a consolidation of the company's issued and outstanding securities of the company on the basis of up to 10 preconsolidation common shares into one postconsolidation common share. The consolidation remains subject to the approval of the company's board of directors and of the TSX Venture Exchange.

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