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File: NR120820 - geophysical survey start-3.doc

 

Suite 507 - 475 Howe Street,	Telephone 604-687-7828
Vancouver, British Columbia	Facsimile 604-687-7848
V6C 2B3  Canada	email:arrowstarresources@shaw.ca

NEWS 	TSX-V: AWS
For Immediate Release

Arrowstar Begins Snettisham Ground Magnetic Survey

Vancouver, B.C. -August 20, 2012, Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Company"
--->) (TSXV: AWS), is pleased to report that the Company has initiated the next step in our exploration program, the groun
--->d magnetics survey on its Snettisham Iron Ore property in Alaska. The Company has engaged Geotronics Consulting Inc., 
--->of Surrey, BC, Canada, under the direction of David G. Mark, P.Geo.  The crew and equipment are scheduled to begin wor
--->k this week.

The size of the survey is estimated 28 lines at 100 metre spacing by 1 km which is 28 km with additional 50m spacing a
--->round the historically surveyed high anomalies for another 7 km to total of 35 kms.  The Magnetics survey is designed 
--->to highlight areas of concentrated magnetite and magnetic iron silicates.  This will assist in the selection of the be
--->st drill sites for the proposed diamond drill program.  The Company plans to drill at least 10 holes to twin or check 
--->the results of the previous 49 holes drilled on the property.  If good correlation can be obtained, the historic infor
--->mation from the previous estimated 20,000 feet of drilling may then be used to include in a new NI 43-101  report.  Th
--->e Company plans to drill the additional holes this fall once a drilling permit has been received from the State of Ala
--->ska.

Previous work on the property under the direction of Phillip Thomas, the Company's Director and Vice-President of Expl
--->oration, has encountered excellent showings of magnetite.  Further tests have confirmed that the magnetite bearing mat
--->erial is amenable to a dry benefication process to yield a shipable concentrate acceptable to users.  This property wa
--->s originally proposed for production in 1970 by Marubeni Corp of Japan.  At that time iron ore was proposed to be ship
--->ped to Korea and Japan.  A decline in metal prices caused the program to be halted. Since then, China and Europe have 
--->become the major buyers of iron ore.  Iron ore prices have risen more than 10 fold since the 1970's.
Phillip Thomas, BSc, MBusM, MAIG, a Qualified Person under NI 43-101, has reviewed the content of this release.
 
On Behalf of the Board of Directors,
Arrowstar Resources 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.