AWA Arrowhead Water Products Ltd

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, 2011. 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.


The Company also advises that it has completed the conversion of the Company's
product line from the traditional 18.9-litre (5 gallon) bottle to the new one
way, environmentally friendly, bisphenol A free 15- litre PET bottle. As part of
this process, the Company has been selling its 18.9-litre assets and equipment,
18.9-litre bottles and bottle deposit liabilities to various third parties in
Alberta. As a result of the conversion and sales, the Company has reduced its
liability for bottle deposits to approximately $50,000 in January, 2012 from
$1,250,000 in January, 2010. The Company will continue to expand the
distribution of its 15-litre bottles to retail accounts in Alberta.


The Company also advises that it has now consolidated all of its production of
bottled water to its Edmonton plant. The Company is working on providing a
cross-docking solution for Southern Alberta in its Calgary plant as it continues
to work towards a direct distribution shipping centre palated model (DC) in
order to reduce shipping costs. In moving forward, the Company will continue to
look for opportunities to stream-line and cut costs in its distribution network
and seek profitable growth with the Company's major retail accounts in Western
Canada.


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). 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

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