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File: NR131004-PP close-1.doc

 

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


NEWS 	TSX.V: AWS
For Immediate Release


ARROWSTAR CLOSES UNIT PRIVATE PLACEMENT
Vancouver, B.C. - October 4, 2013, Robert L. Card, President of Arrowstar Resources Ltd., ("Arrowstar" or the "Company
--->") (TSXV: AWS), announces that further to its news release dated August 14, 2013, the Company has closed its non-broke
--->red private placement (the "Offering") of 1,443,333 units (the "Units") at a price of $0.03 per Unit for proceeds of $
--->43,300.  Each Unit consists of one common share of the Company and one quarter of a common share purchase warrant, eac
--->h whole warrant entitling the holder thereof to purchase one additional common share of the Company at a price of $0.0
--->5 per share until October 3, 2014. 

The Company will use the proceeds from the Offering to, among other things; meet the financial commitments with respec
--->t to the Company's working interest in its exploration projects.  The estimated use of proceeds is further detailed as
---> follows: 

ITEM
 AMOUNT
 
 Payment of rent and utilities including Telus, Shaw, Stockwatch, CNW
 
$24,485.54
 
 Brooklyn Pacific - last payment to end contract
 6,000.00
 
 Website update and maintenance
 2,000.00
 
 Transfer Agent
 3,205.42
 
 TSX Venture Exchange - fees for private placement
 727.33
 
 Filing fees - Alaska claims $7,100 USD @1.0454
      7,422.34
 
      TOTAL
 $43,840.63
 
 
All securities issued under the Offering are subject to a four month hold period ending February 4, 2014 in accordance
---> with applicable securities laws.  The Company is relying on the TSX Venture Exchange's (the "Exchange") temporary rel
--->ief measures from pricing requirements, as set out in the Exchange's bulletin dated April 12, 2013.  In connection wit
--->h the Offering, no finder's fees were paid, and no proceeds will be used to pay related parties of the Company.  The O
--->ffering has been approved by the Company's board of directors, excluding those directors who participated in the Offer
--->ing.

The Company is now pursuing other financing options including a new placement at higher prices.
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.