AWA Arrowhead Water Products Ltd

NOT FOR DISSEMINATIONS 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, 2012. For complete disclosure of Arrowhead's year end
financial results and Management's Discussion and Analysis, please go to
www.SEDAR.com and view documents listed under Arrowhead Water Products Ltd.


The Company also announces that it received conditional approval from the TSX
Venture Exchange ("TSXV") for the previously announced sale of substantially all
of the assets of Arrowhead (the "Asset Sale") to Ice River Springs Water Co.
Inc. The completion of the Asset Sale is subject to certain conditions
precedent, including shareholder approval, approval of the TSXV and all other
necessary regulatory approvals. An Annual and Special meeting of Arrowhead
shareholders will be held at 1800, 444 - 5th Avenue SW, Calgary, Alberta at
10:00 a.m. on Friday, February 15, 2013 to approve annual meeting matters and
the Asset Sale. A proxy and information circular in connection with such meeting
was mailed to all shareholders on January 25, 2013.


Arrowhead also advises that trading in the Company's shares will resume at the
opening of the market on Wednesday, January 30, 2013. 


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
(403) 692-8259
dwood@arrowheadwater.ca


Arrowhead Water Products Ltd.
Ross O. Drysdale
Director
(403) 585-3737
ross@drysdalelaw.com

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