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File: NR140205 New Pres  PT update-1.doc

 

Suite 250 - 830 West Pender Street,	Telephone 604-687-7828
Vancouver, British Columbia	Facsimile 604-687-7848
V6C 1J8  Canada	arrowstarresources@shaw.ca


NEWS 	TSX.V: AWS
For Immediate Release


Arrowstar Board Changes and New CEO
Vancouver, B.C. - February 5, 2014 - The Board of Directors of Arrowstar Resources Ltd.,   ("Arrowstar" or the "Compan
--->y") (TSXV: AWS), report that Robert L. Card has resigned as President, CEO and Chairman of the Board.  The Directors h
--->ave appointed Phillip Thomas, BSc, MBusM, MAIG, MAIMVA as the President, CEO and Chairman of the Board. Phil Thomas ha
--->s the relevant skill, expertise and  experience needed to provide the technical and leadership ability to lead the Com
--->pany's team to production of the Alaska iron ore project.  Phil has prior experience in taking iron projects in both M
--->exico and Chile to successful production.  In the future the Company expects to add additional experienced personnel t
--->o its team.  Robert Card remains a Director and a member of the team.  

The Company also announces the resignation of Brian Ashton as a Director.  After more than 40 years in the Securities 
--->Industry, Brian has decided to spend his summers fishing and his winters in California.  We thank Brian for his contri
--->butions as Chairman of our Audit Committee and wish him well in his retirement.  Blaine Y. Bailey, CGA, the Company's 
--->CFO has been appointed a Director to fill the vacancy.  Blaine will continue as the Company's Chief Financial Officer.

The Company plans to continue exploration of its Port Snettisham, Alaska, magnetite iron project with a drilling progr
--->am this summer.  The purpose of the drill program is to determine the extent of the mineralization at depth, the miner
--->alogy and petrology, the contact rock and the magnitude of the mineralization. With this data, a NI 43-101 Report with
---> indicated and inferred resource statement will be prepared to report on the drilling results and the extent of the mi
--->neralization. The drilling program is budgeted at $1.2 million.

The Snettisham Iron Ore project was historically explored by the Bureau of Mines in 1955 and by Marcona Corporation in
---> 1969.   Marcona conducted sufficient drilling to complete a feasibility study on the deposit and announced plans to p
--->ut the property into production in partnership with Marubeni of Japan.  The decline of iron ore prices in the early 19
--->70's caused the project to be delayed and eventually abandoned. Arrowstar believes the deposit remains extremely well 
--->located and of large size to make it economic in today's iron ore market.  The property is also located on tidewater o
--->n the Pacific Ocean and would serve the Asian Iron Ore Trade.  The property will be suitable for direct loading of sea
---> vessels from the property, therefore requiring no roads or rail lines to be built.  The Juneau Hydro Electric Power l
--->ine is located within 2 miles of the property. 

Phillip Thomas, BSc, MBusM, MAIG, MAIMVA, 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
Director

Investor Contact	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.