Arrowhead Commences Phase II Puruni Drill Program

Arrowhead Gold Corp. (the "Company") (TSX VENTURE:AWH) is pleased to announce
that it has commenced phase II of its drill program on the wholly owned Puruni
Gold Project in Guyana, S.A. 


The phase II drilling program will consist of 800 metres in depth. Most of phase
II is a follow up to the 2,000 metres of diamond drilling that was completed in
2011. All seven (7) holes drilled in 2011 returned anomalous gold values and
tested only a small length of the broad altered and mineralized area defined by
the mapping and sampling program at the surface. 


Phase II will concentrate on an area in proximity to the saprolite and elevated
gravel terraces adjacent to the river bank where two high grade veins was
uncovered. An estimated 3,000 oz of gold was recovered from these quartz veins
in 2010 using crude crushing and sluicing techniques in just over 4 months
(Henry Alphonso, personal communication). Geological relations indicate that
veins exposed on the property are syngenetic lode veins that were formed from
hydrothermal sea-floor hot springs. The geology appears to be analogous to the
Peter's Mine and other gold deposits in Guyana.


On Behalf of the Board of Arrowhead Gold Corp., 

Steve Smith, President 

This news release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results. Such statements
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements. The Company disclaims any intention or obligation to
revise or update such statements.

Arrowhead Gold Corp. (TSXV:AWH)
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