Arrowhead Water Products Ltd.

Arrowhead Water Products Ltd.

February 24, 2005 17:24 ET

Arrowhead Acquires New Facility in Edmonton


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ARROWHEAD WATER PRODUCTS LTD.

TSX VENTURE SYMBOL: AWP.A

FEBRUARY 24, 2005 - 17:24 ET

Arrowhead Acquires New Facility in Edmonton

CALGARY, ALBERTA--(CCNMatthews - Feb. 24, 2005) - Arrowhead Water
Products Ltd. (TSX VENTURE:AWP.A) has agreed to acquire the Canadian
Springs facility in Edmonton, Alberta. Arrowhead will be consolidating
its Edmonton business into this facility located at 4344 - 4372, 97
Street, Edmonton, Alberta as of April 1, 2005. The building, which is
currently occupied by Canadian Springs, is 25,146 square feet and will
provide adequate space for Arrowhead's operations in Edmonton.

Peter Jurisic, CEO of Arrowhead states that: "We will now have two state
of the art facilities in Alberta from which to supply our growing
business. As in Calgary, we will be able to realize production and
distribution efficiencies as well as having ample room for growth." He
also noted that the transition into a building already prepared for
Arrowhead's business model is ideal.

About Arrowhead

Arrowhead 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 through three distinct channels.
Those channels include the Canadian retail market and homes and offices
in Alberta. Arrowhead produces, bottles and sells reverse osmosis,
distilled and natural spring water as well as providing water coolers
for dispensation.

Issued and Outstanding Shares: 26,104,368

ADVISORY: Certain information regarding Arrowhead Water Products Ltd.
including management's assessment of future plans and operations, may
constitute forward-looking statements under applicable securities laws
and necessarily involve risks associated with production, marketing and
transportation such as loss of market, volatility of prices, currency
fluctuations, environment risks, competition from other producers and
ability to assess sufficient capital from internal and external source.
As a consequence, actual results may differ materially from those
anticipated in the forward-looking statements.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Arrowhead Water Products Ltd.
    Peter Jurisic
    Chief Executive Officer
    (403) 243-8033
    (403) 234-1485 (FAX)
    Email: pjurisic@arrowheadwater.ca
    or
    Arrowhead Water Products Ltd.
    5730 Burbank Road S.E.
    Calgary, Alberta T2H 1Z4
    or
    Arrowhead Water Products Ltd.
    Dan DeMaere
    President and Chief Financial Officer
    (780) 486-2467
    (780) 486-2878 (FAX)
    Email: ddemaere@telus.net
    or
    Arrowhead Water Products Ltd.
    9627 - 63nd Avenue
    Edmonton, Alberta T6E 0G2
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.