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Last updated on April 19, 2014 at 5:20 EDT

Arrowstar Files NI 43-101 Report on Alaska Iron Ore Property

June 13, 2013

TSX-V: AWS

VANCOUVER, June 13, 2013 /PRNewswire/ – Robert L. Card, President of Arrowstar
Resources Ltd., (“Arrowstar” or the “Company”) (TSXV: AWS), is pleased
to report that the Company has filed a preliminary National Instrument
43-101 (“NI 43-101″) technical report on the Company’s Alaska iron ore
project .

The report covers preliminary information, historic result of previous
work and work  undertaken by the Company on this magnetite showing
located near Port Snettisham, about 30 miles SE of Juneau, the State
Capital of Alaska.  The report also outlines some of the Company’s
plans and work programs for the coming months in an effort to
eventually produce a NI 43-101 compliant resource estimate.

The Company has conducted additional mapping and sample work over the
Snettisham iron ore prospect in May of 2013 and has filed a permit for
drilling the project with the Alaska Department of Mining and Forestry
and the Bureau of Land Management.  The Company is waiting for final
approval of the drilling permit.

Alexander D. K. Burton, PEng., PGeo., a Qualified Person under NI
43-101, upon visiting the property in June of 2012 prepared the report
and reviewed the content of this release.

The report is available on SEDAR and the Company’s website at: www.arrowstarresources.com.

On Behalf of the Board of Directors,
ARROWSTAR RESOURCES LTD.

“Robert L. Card”

Robert L. Card
President

“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
historical facts. When used in this document, the words such as
“could,” “plan,” “estimate,” “expect,” “intend,” “may,” “potential,”
“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.

SOURCE Arrowstar Resources Ltd.


Source: PR Newswire