Abstract: A novel spear-head and shank assembly for spearfishing small fish with a speargun or compound flashing bow wherein the spear-head is pivotally mounted to the shank. Cooperative engagement means on the proximal end of the spear-head and the distal end of the shank enables the spear-head to automatically release from a normal, striking position upon striking a fish and gathering in a cable attached to the spear such that the spear-head will pivot to assume a position which prevents the fish from withdrawing from the spear prematurely. The spear-head may be manually pivoted to a release position wherein the fish may be easily removed from the spear, and then back to its normal, striking position.