Vancouver, B.C., April 19, 2012 - Arrowhead Gold Corp. (the �Company�) (TSXV: AWH) is pleased to announce results from Phase II of its 4-hole, 906-metre drill program on the wholly owned Puruni Gold Project in Guyana.  The drilling tested an area where two high grade veins are exposed in saprolite and gravel terraces adjacent to a river bank.  An estimated 3,000 oz of gold was recovered from these quartz veins in 2010 using crude crushing and sluicing techniques in just over four months (Henry Alphonso, personal communication).

The drilling intersected up to 19.9 grams per tonne silver (gpt Ag) over 10.0 metres (m) from 3.0m in hole 11.  This interval included a higher grade sub-interval of 60.7gpt Ag over 3.0m from 3.0m.  One sample returned an overlimit value of 100 gpt Ag and is currently being reanalyzed to determine its true silver content.  The best gold value was  0.5 grams per tonne gold (gpt Au) over 2.0m from 85.0m in hole 11.  The following table includes all weight averaged interval with elevated gold and/or silver. 

All analytical work was completed at Acme Analytical Laboratories Ltd. (�Acme�) in Vancouver, British Columbia.  Acme is accredited under ISO 9001. Core samples were prepared at Acme�s Georgetown, Guyana facility by crushing to 80% passing -10 mesh and then pulverizing a 250g sub-sample to 85% passing -200 mesh.  A 15g pulp sub-sample was then sent to Vancouver and analyzed for 37 elements by   Aqua Regia digestion Ultratrace ICP-MS method.  Mark Fekete, P.Geo is the �qualified person� as defined in Section 1.2 in and for the purposes of National Instrument 43-101 that reviewed the technical content of this release.

On Behalf of the Board of Arrowhead Gold Corp.,
�Steve Smith�
President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.