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Suite 212 - 475 Howe Street,	Telephone 604-687-7828
Vancouver, British Columbia	Facsimile 604-687-7848
V6C 2B3  Canada	www.arrowstarresources.com


NEWS 	TSX-V: AWS
For Immediate Release


Arrowstar Proposed Program on Alaska Iron Ore Property 

Highlights:

Magnometry and geochemistry sampling exploration program to cover approximately 71 line kilometers over 49 contiguous 
--->claims covering 1,012 acres that comprise the Port Snettisham property, located about 30 miles (50 km) southeast of Ju
--->neau, Alaska. 
Reconnaissance on significant exploration including geophysics and 11 hole drill program, metallurgy and benefication 
--->work completed by previous explorers
Outcome will be identification of drilling targets for core drilling program late this summer.

Vancouver, B.C. - May 15 2012, Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Company") (
--->TSXV: AWS), is pleased to report on the Company's proposed exploration program for the Port Snettisham, Alaska propert
--->y and to report further details of the program. The field-work will be begin as soon as the snow melts on the property
--->, expected in late May or early June.

The Arrowstar exploration team has planned a program of measuring the magnetic susceptibility of surface and trenched 
--->samples and with some geochemistry analysis to correlate the Fe magnetic and total values with the magnetic susceptibi
--->lity values.  The petrographic data is very basic and will also be enhanced through analysis and thin section work.

The Company also plans a ground based IP and Gravity anomaly survey once this initial work is completed. After this wo
--->rk is completed Arrowstar expects to have sufficient data for a diamond drill program to determine an inferred or indi
--->cated 43-101 resource estimate.  

This project is a titaniferous magnetite deposit on the Snettisham Peninsula. Ore has been subjected to several progra
--->ms of beneficiation test work and reports indicate that the ore is amenable to magnetic separation. It is possible to 
--->produce an iron ore concentrate containing in excess of 60% Fe with good iron recoveries. The concentrate can then be 
--->smelted to produce pig iron and a slag containing high TiO2 values. On average, the Snettisham deposit is believed to 
--->contain: 18% - 20% magnetite, 2% - 6% titanium, c. 0.05% vanadium and c. 0.0114% platinum (Source: Scoping Study Propo
--->sal for the Metallurgical Development of Snettisham Titano-Magnetite Deposit. Tata Steel Consulting - Jan 2011). 

The first major effort to explore the iron potential of the deposit was in the 1950's by the US Department of the Inte
--->rior, Bureau of Mines, who drilled 11 holes, conducted a geophysical survey over the body, and had beneficiation tests
---> done on the ore. The magnetite-bearing pyroxenite intrusive occupies a land area of approximately 390 acres along the
---> northeast shore of the Snettisham Peninsula. The work outlined a magnetite rich area of pyroxenite about 2,400 feet b
--->y 9,600 feet in area with a vertical extent of 1,500 feet at an average SG of 5.1 representing an estimated historical
---> resource deposit of 4 billion metric tonnes. Altitudes ranged from sea level to 1000 feet. The pyroxenite extends nor
--->thwestward under the  waters of Snettisham Inlet for an unknown distance.  A section of 1900 feet of the deposit was e
--->xplored to a depth of 1000 feet, totaling 6,546 linear feet of drill holes. The work done by the Bureau of Mines indic
--->ated a favorably-situated, potentially-large deposit containing titaniferous magnetite that can be recovered as a high
--->-grade magnetite, using standard, comparatively low-cost methods of beneficiation. A qualified person has not done suf
--->ficient work to classify the historical estimate as current mineral resources, and the Company is not treating the his
--->torical estimate as current mineral resources.

In 1969, Marcona Corporation optioned the iron deposit and carried out extensive exploration including diamond drillin
--->g and metallurgical tests. It was reported in 1969, that Marcona Corporation and the Marubeni Company of Japan, had de
--->veloped plans to pelletize two to four million tons of iron ore annually. By 1970, Marcona completed a feasibility stu
--->dy on the deposit and announced plans to put the deposit into production at a rate of 5 million tons of concentrate pe
--->r year over a 50 year mine life. (State of Alaska, Mines Bulletin, February 1970.) However, iron ore prices declined a
--->nd the project did not proceed.
Port Snettisham, Alaska - Exploration Program

The Snettisham Iron Ore (magnetite) Deposit is located on the Snettisham Peninsula on the south side of Port Snettisha
--->m and west of Gilbert Bay, about 30 miles southeast of Juneau, Alaska.  The latest exploration work was done in 1970, 
--->using less sophisticated equipment than is currently available now.  No gravity survey work was done, but some magneti
--->c surveys, sampling, and benefication test work has been done.

Access to the tenement is by boat, float plane or helicopter from Juneau.  There are more than 13 hours of sunlight fr
--->om April to September.
Work Program Timeline - Two Phase Program
In Summary the main program activities are:
Arrowstar has prepared an exploration plan which will include:

Early Summer, 2012
Reconnaissance of the historical data and grid soil and rock chip sampling with an XRF gun and magnetic susceptibility
---> meter. This will allow us to correlate Fe Total and Fe mag values with magnetic susceptibility.
An outcrop and trenching sampling study using a magnometer to correlate Fe with magnetic susceptibility.  Mineralogy a
--->nd petrology studies will also be conducted to analyze the presence of the titanium and vanadium mineralization in the
---> magnetite and the extent of silica, sulphur, phosphorous and alkalis.
A ground based IP magnetic and gravity study to identify key changes in mineralogy and the extent of mineralization.  
--->No gravity surveys have been completed to date and this will be completed prior to a drilling phase.

Late Summer, 2012

In phase two, a diamond drilling program directed by the results of the above studies that will allow suitable targets
---> to be identified so that a Resource Estimate can be produced followed by a Feasibility Study.
A benefication study using samples to ensure the results are statistically significant and the proposed benefication p
--->rocess design is proven at pilot plant size. This stage is particularly important to the success of the project given 
--->the high cost of crushing to 100 mesh.
The field season in the Snettisham region extends from April through to September. While it is possible to drill durin
--->g the winter, it becomes very inefficient when drilling shorter holes.  A two phase, exploration program is proposed t
--->o complete the drilling necessary to confirm a CIM and NI 43-101 compliant inferred (and possibly indicated) mineral r
--->esource in the Snettisham area. If chemical analysis results are favourable, then further drilling at closer spacing w
--->ill be required to identify a measured or indicated resource. 

Phillip Thomas, BSc, MBus, MAIG, a Qualified Person under NI 43-101, has reviewed the content of this release.
 

On Behalf of the Board of Directors,
Gulfside Minerals Ltd.

"Robert L. Card"

Robert L. Card
President

Investor Contact	Robert L. Card
	604-687-7828 
	arrowstarresources@shaw.ca
	www.arrowstarresources.com

		
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies    of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."


Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but
---> are not limited to, statements concerning AWS's planned exploration programs and other statements that are not histor
--->ical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "pot
--->ential," "should," and similar expressions are forward-looking statements. Although AWS believes that its expectations
---> reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no 
--->assurance can be given that actual results will be consistent with these forward-looking statements. Important factors
---> that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk
---> Factors" and elsewhere in the corporation's periodic filings with Canadian securities regulators.