Arrowhead Water Products Announces First Quarter Financials and Results of Annual and Special Meeting

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

Arrowhead Water Products Ltd. (TSX VENTURE:AWA) ("Arrowhead" or the "Company")
reports its unaudited interim consolidated financial and operating results for
the First Quarter ended December 31, 2012. For complete disclosure of
Arrowhead's First Quarter financial results, please go to www.SEDAR.com and view
documents listed under the Company's name.


The Company also announces that all resolutions, including the special
resolution authorizing the directors to sell all or substantially all of the
assets (the "Assets") of the Company to Ice River Springs Water Co. Inc., were
approved at the Company's Annual and Special Meeting held on February 15, 2013.
Subject to regulatory and final approval of the TSX Venture Exchange, the
Company plans to proceed with the sale of the Assets which is scheduled for
February 28, 2013.


Arrowhead also advises that its Board of Directors following the annual meeting
is comprised of previous directors Donald W. Wood, Ross O. Drysdale and J.
Michael Nicolichuk and new director Ian F. T. Kennedy. Ronald S. Farquhar
resigned after the Annual Meeting and the Board of Directors would like to thank
him for his contributions to the Company. 


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 the bottling
business, development, production, marketing and transportation, loss of
markets, volatility of commodity prices, currency fluctuations, environmental
risks, competition, 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.


14,492,229 Common Shares Issued

FOR FURTHER INFORMATION PLEASE CONTACT: 
Arrowhead Water Products Ltd.
Donald W. Wood
President and Chief Executive Officer
Calgary, Alberta
[phone]
[e-mail]


Arrowhead Water Products Ltd.
Ross O. Drysdale
Director
Calgary, Alberta
[phone]
[e-mail]