Arrowhead Water Announces Year End Financial Results

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, 2010. For complete disclosure of Arrowhead's year end
financial results and Management's Discussion and Analysis ("MD&A"), please go
to www.SEDAR.com and view documents listed under Arrowhead Water Products Ltd.


About Arrowhead Water

Arrowhead Water is Canada's largest Canadian owned, publicly traded water
company which is engaged in the production, sale and distribution of large
format bottled drinking water (including the new one-way environmentally
friendly bisphenol A free 15 litre PET bottle and traditional 18.9 litre (5
gallon) bottle). Arrowhead produces and delivers bottles of natural spring,
reverse osmosis and pure distilled water to the Western Canadian retail and
wholesale market. The Company remains committed to continually improve its level
of service to its customers and to provide positive returns to its shareholders.


READER ADVISORY

This news release may contain certain forward-looking statements, including
management's assessment of future plans and operations, and capital expenditures
and the timing thereof, that involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such risks and
uncertainties include, without limitation, risks associated with mining
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other explorers and producers, inability to retain drilling rigs and other
services, delays resulting from or inability to obtain required regulatory
approvals and ability to access sufficient capital from internal and external
sources, the impact of general economic conditions in Canada, the United States
and overseas, industry conditions, changes in laws and regulations (including
the adoption of new environmental laws and regulations) and changes in how they
are interpreted and enforced, increased competition, the lack of availability of
qualified personnel or management, fluctuations in foreign exchange or interest
rates, stock market volatility and market valuations of companies with respect
to announced transactions and the final valuations thereof, and obtaining
required approvals of regulatory authorities. The Company's 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 so, what benefits, including the
amount of proceeds, that the Company will derive therefrom. Readers are
cautioned that the foregoing list of factors is not exhaustive. All subsequent
forward-looking statements, whether written or oral, attributable to the Company
or persons acting on its behalf are expressly qualified in their entirety by
these cautionary statements. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news release and
the Company does not undertake any obligation to update publicly or to revise
any of the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by applicable
securities laws.


Issued and Outstanding Shares: 14,492,230