Received by email:

File: NR130523-Update.doc

 

Suite 507 - 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 Provides Update on Corporate Developments 

Vancouver, B.C. -- May 23, 2013 - Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Company"
--->) (TSXV: AWS), is pleased to report that the Company has announced that it's Annual General Meeting will be held on Ju
--->ne 13, 2013.  The details and an Information Circular have been mailed out to all shareholders of record.  
The Company is pleased to report that Arrowstar's Director & VP of Exploration, Phil Thomas accompanied by the propose
--->d drilling contractor and a geological crew has returned from a successful trip to the Company's Port Snettisham iron 
--->ore project on the Alaska Panhandle, 30 miles South East of Juneau. The intention was to identify and determine 9 prop
--->osed drill sites and to record their GPS coordinates. (This drilling program is designed to bring the historical infor
--->mation of the project to a modern NI 43-101 compliant resource estimate.) Subsequently they met with The USDA Forestry
---> Service in Juneau where photographs and other specifics were added to the drilling permit application. A separate app
--->lication was filed with them for a "Plan of Operations for Mining Activities on National Forest Land Systems".   A Rec
--->lamation Bond will be posted shortly.

Arrowstar Resources Ltd has an option to acquire a 100% interest in the Snettisham Iron Ore Project located on tidewat
--->er 30 miles South East of Juneau, Alaska on the Panhandle. Marubeni of Japan and Marcona Corp. of San Francisco had a 
--->proposal to put the project into production at 5 million tons/year for a mine life of 50 years in 1970.

Phillip Thomas, BSc, MBusM, MAIG, a Qualified Person under National Instrument 43-101, has reviewed and approved the c
--->ontent of this release.

On Behalf of the Board of Directors,
Arrowstar Resources Ltd.

"Robert L. Card"

Robert L. Card
President

Investor Contact:	Lawrence Koyle 
	604-687-7828 or 778-889-4871 
	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.