Received by email:

File: NR 2014-05-01 Private Placement.docx

/

Suite 880 - 800 West Pender Street,	Telephone 604-687-7828
Vancouver, British Columbia	Facsimile 604-687-7848
V6C 2V6  Canada	arrowstarresources@shaw.ca

NEWS 	TSX.V: AWS
For Immediate Release

Announces Private Placement

May 1, 2014 - Arrowstar Resources Ltd. ("Arrowstar" or the "Company") (TSX-V: AWS) is pleased to announce that the Com
--->pany proposes to undertake a private placement (the "Offering") of up to 10,000,000 special warrants (the "Special War
--->rants") at a price of $0.1125 per Special Warrant for gross proceeds of up to $1.125 million.  Upon the completion of 
--->the Company's proposed consolidation (the "Consolidation") as announced on March 26, 2014, each Special Warrant will a
--->utomatically convert into one unit (the "Units") without any further effort or consideration on the part of the purcha
--->ser. Each Unit is comprised of one post-Consolidation common share (a "Share") in the capital of the Company and one t
--->ransferable share purchase warrant exercisable at any time into a Share at a price of $0.15 per Share until the close 
--->of business on the fifth anniversary of the issuance of the Units.  The proceeds raised from the Offering will be used
---> for general working capital and to perform exploration work on the Port Snettisham project. The Offering is subject t
--->o approval of the TSX Venture Exchange.  The Consolidation remains subject to the approval of the Exchange and the Com
--->pany's shareholders.
   
Respectfully submitted 
ON BEHALF OF THE BOARD 

"Phillip Thomas"
Phillip Thomas 
President, CEO, and Director
For further information, please contact:
Contact Name: Phillip Thomas  Email: Arrowstarresources@shaw.ca
Neither the 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 news release.
Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but
---> are not limited to, statements concerning Arrowstar's planned consolidation and other statements that are not histori
--->cal facts. When used in this document, the words such as "proposes," "plan," "estimate," "expect," "intend," "may," "p
--->otential," "should," and similar expressions are forward-looking statements. Although Arrowstar believes that its expe
--->ctations 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.