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Argentina's Message During PDAC "The Best is Yet to Come"

March 18, 2016

Dear Shareholders,

Argentina's government, through its newly appointed Secretary of Mines, Mr. Daniel Meilán, has confirmed the various fiscal policy changes implemented by the new government in office that now provide incentives to attract mining investors to develop the vast natural resources of Argentina that are virtually untouched within the shared 4,500 kilometer border with Chile.

The Secretary's message at the PDAC conference in Toronto was given predominantly to an audience of believers in the potential of Argentina's geology and who have kept the faith year after year.

Mr. Meilán was accompanied by various provincial authorities from the provinces of San Juan, Catamarca, Jujuy, La Rioja and others who while having political differences came together united and supportive of advancing mining and of the fiscal policy changes recently enacted by the federal government.

Mr. Meilán's vision and drive is to bring all the provinces under a united National/Provincial Mining Code to ensure the development of natural resources as the main driver and contributor of the Argentine economy and put an end to the current destabilizing diversity of rules imposed by each province which is, at best, confusing to investors. The message was clear from Secretary Meilán who confirmed that the "Best is Yet to Come".

As a friend and corporate citizen of Argentina for 24 consecutive years, this PDAC was very special in that it brought government leaders from all political perspectives together and in support of the new government's policies announced during the first 70 days of being in office which should be conducive to produce the three pronged objective of:

A Win for Communities
A Win for Government
A Win for Investors

The audience attending the Argentine presentation at PDAC was large with many familiar Argentine faces and it is hoped that all the governmental authorities present become keen ambassadors of Secretary Meilán's message of "The Best is Yet to Come" so that it becomes a reality.

This year the attendance at PDAC was lower than usual (about 15,000 attendees) although the atmosphere at the convention did not fail to inject the usual excitement, new ideas and hope for an economic turn around with financings on the horizon.

If you have any questions please do not hesitate to contact us.

Yours truly,

"Joseph Grosso"
Joseph Grosso, Executive Chairman, President, CEO

About Golden Arrow:

Golden Arrow is a Vancouver-based explorer focused on identifying, acquiring and advancing precious and base metal projects in Argentina with the goal of achieving a world class discovery. The main focus is on advancing the flagship Chinchillas Silver Project located in Jujuy, Argentina. Golden Arrow is a member of Grosso Group, a management company specialized in resource exploration, and working in Argentina where it is highly regarded and trusted since 1993.

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

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements.


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