Arrowhead Announces Year End Financial Results and Corporate Information

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.

Arrowhead Water Products Ltd. (TSX VENTURE:AWA) ("Arrowhead" or the "Company")
reports its audited consolidated financial and operating results for the fiscal
year ended September 30, 2013. For complete disclosure of the Company's year end
financial results and Management's Discussion and Analysis, please go to
www.SEDAR.com and view documents listed under the Company's name.


The Company also announces that it will hold an Annual and Special Meeting of
Shareholders on Monday, March 17, 2014. In addition to the requirements for its
annual meeting, the purpose of the meeting will be to change the name and
business of the Company.


The Company further advises that it completed its previously announced sale of
substantially all of its water bottling assets to Ice River Springs Water Co.
Inc. ("Ice River"), which sale was completed on March 1, 2013. Since that date,
the distribution of 15-litre bottles of water has been carried on by Ice River
under the Arrowhead name. Subject to the payment of the final instalment of the
purchase price of $533,400 by Ice River to the Company, the Company will change
its name to reflect its new business and transfer the Arrowhead trademark and
name to Ice River.


The Company also announces that it has issued an aggregate of 1,900,000
incentive stock options ("Options") in accordance with the Company's stock
option plan to certain Directors and Officers of the Company. Each Option,
vesting immediately upon grant, entitles the holder to purchase one common share
of the Company at a price of $0.30 per share until January 22, 2019. The Options
and any common shares issued upon exercise will be subject to a four month
resale restriction from the date of grant.


On behalf of the Board of Directors of the Company,

Jeffrey Ciachurski, Chairman and Chief Executive Officer

Ross O. Drysdale, Director

READER ADVISORY

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 release.


This news release contains forward-looking statements. The Company has provided
the forward-looking statements in reliance on assumptions that it believes are
reasonable at this time. The reader is cautioned that the assumptions used in
the preparation of the forward-looking statements may prove to be incorrect. All
such forward-looking statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such risks and
uncertainties include, without limitation, delays resulting from or inability to
obtain required regulatory approval. The actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do, what benefits, including the amount of
proceeds, the Company will derive therefrom. Readers are cautioned that the
foregoing list of factors is not exhaustive.


19,492,229 Common Shares Issued

FOR FURTHER INFORMATION PLEASE CONTACT: 
Arrowhead Water Products Ltd.
Jeffrey Ciachurski, Chairman and Chief Executive Officer
9 Landport,  Newport  Beach,
California,  USA  92660
Cell: [phone]
[e-mail]


Arrowhead Water Products Ltd.
Ross O. Drysdale, Director
730, 1015 - 4th Street SW
Calgary, Alberta  T2R 1J4
Office: [phone]
[e-mail]