AWH Arrowhead Gold Corp.

Arrowhead Gold Corp., (the "Company") (TSX VENTURE:AWH) announces that it has
arranged, subject to the acceptance of the TSX Venture Exchange, a private
placement totaling $500,000. These funds will be raised by the Company issuing
up to 5 million units at a price of $0.10 per unit, each unit consisting of one
common share and one-half of one share purchase warrant. Each whole warrant will
entitle the holder, on exercise, to purchase one common share for a period of
two years, at a price of $0.15. 


Finder's fees may be payable on a portion of the private placement, in
accordance with the policies of the TSX Venture Exchange.  


The net proceeds of the private placement will be used to further exploration on
the Company's properties and for working capital purposes.  


The Company's drill program on its wholly owned Puruni Gold Project in Guyana,
SA is anticipated to commence on Wednesday November 16, 2011.


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.

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