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Management and Successes

March 17, 2014

Vancouver, BC / TNW-Accesswire / Mar 17 2014 / Golden Arrow Resources Corporation (or the "Company") has achieved some significant milestones over the last 18 months during a time that the resource market has seen one of the most difficult downtrends in recent memory. Markets are cyclical by nature and management's focus has been building shareholder value in the ground to position Golden Arrow for exceptionally rapid growth during an unprecedented time of austerity.

One often hears the term "experienced management" -- but what really counts is how management applies its experience to execute and achieve what it commits to for shareholders. I believe that Golden Arrow's management team's track record stands out.

Selling Gold Royalty at Peak Gold Prices

In the Fall of 2012, we monetized the 1% royalty on the Gualcamayo gold mine when the spot gold price was approximately $1,700 compared to the current price of under $1,400. The timing and the sale allowed us to capture significantly more share value and capitalize on a higher cash leverage.

Discovering World-Class Silver Deposit

Using the proceeds of the royalty sale, management made a world-class discovery of the Chinchillas silver deposit in a newly emerging region in Argentina, which has district-wide potential. This mirrors management's previous track record involving the discovery of Gualcamayo and Navidad.

Despite the present mining economy, Chinchillas is quickly becoming a much bigger deposit than initially envisioned and still continues to have significant growth potential. The Company began drilling at Chinchillas in November 2012 and, in just seven months, filed a NI 43-101 compliant resource estimate of over 100 million ounces silver equivalent and recently filed a NI 43-101 compliant Preliminary Economic Assessment ("PEA") that showed an after tax net present value of $98.5 million at 8% discount rate (see News Releases dated December 5, 2013 and January 20, 2014). Our team should be congratulated for taking a grass roots project to the PEA stage in only 13 months. The next stage of growth for Chinchillas is currently underway, with a commitment to complete 25,000 meters (82,000 feet) of drilling. This program is focused on increasing the size of the current resource and advancing the project to feasibility study stage.

Financing Drilling at US$2.38 per share

Good management entails care in managing the share capital of a corporation.

Golden Arrow recently announced a US$3 Million drilling contract for shares at US$2.38 per share to pay for 15,000 meters of drilling on Chinchillas. This is at a significant premium to the current market that not only minimizes dilution, but the drill program has potential to materially grow the deposit.

Since selling the royalty in October of 2012, management has reduced the shares outstanding by 24% by acquiring the shares of dissenting shareholders; and, currently has in place a Normal Course Issuer Bid to purchase and cancel up to an additional 1,000,000 shares of the Company.

Buying and cancelling shares at $0.30 or less, and re-issuing a smaller amount for 10 times their current market value will, no doubt, make good business sense.

Award Winning Experience in Argentina

Management has a very long history in Argentina that is now over 22 consecutive years in length. This gives our organization a trusted profile and open access to immense geological opportunities in that country. The recent devaluation of the peso has created an economic advantage on which it can be capitalized. In this current market our dollar goes further allowing us to secure solid assets at discounted prices. We are confident that a turn around is imminent and we will stand with the more than two hundred foreign companies still operating in the country.

Our ongoing commitment is to increase shareholder value and new opportunities are presenting themselves within the current market environment. Golden Arrow, with a strong treasury, looks forward to carrying out its objectives.


"Joseph Grosso"
Mr. Joseph Grosso
Executive Chairman, President, CEO and Director

For further information please contact:

Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@goldenarrowresources.com

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 contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of the Chinchillas project, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance as outlined in the PEA, including silver, lead and zinc production and planned work programs at Chinchillas. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the Chinchillas property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Argentinean peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the development of the Chinchillas project pursuant to the PEA; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in a profitable mining operation at Chinchillas; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral resources as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to the Chinchillas property being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Chinchillas property being located in Argentina, including political, economic, social and regulatory instability. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

The information provided in this news release addresses the Chinchillas PEA and is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.


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