NEWS

EXPLORATION MAN OF THE YEAR

Exploration Man Of The Year

Golden Arrow Resources (GRG - TSX.V) is pleased to announce that the Company's President & CEO, Mr. Joseph Grosso, has been named the "Exploration Man of the Year" by the Argentinean Mining Association Panorama Minero. This prestigious award was presented at the 29th annual Argentinean Mining Exposition in Buenos Aires, Argentina, in recognition of Mr. Grosso's outstanding achievement in mineral exploration.

Golden Arrow Resources is an early pioneer and industry leader in the exploration for precious metal discoveries in Argentina and Peru. The Company has a large portfolio of exploration projects in Argentina and Peru that has taken over 10 years to identify and covers over 200,000 hectares. Golden Arrow is well positioned to conduct systematic exploration, either directly or with joint venture partners, to quickly recognize new opportunities.

Throughout the month of December, 2005 the Biography Channel in Canada will be airing features on Golden Arrow Resources Corporation and other companies managed by The Grosso Group. These features can also be viewed on The Grosso Group web site (www.grossogroup.com).

ON BEHALF OF THE BOARD

"Sean Hurd"

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Mr. Sean Hurd, Vice President Investor Relations.

For further information please contact Joseph Grosso, President & CEO, or Sean Hurd, Vice President Investor Relations, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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.