NEWS

GOLDEN ARROW APPOINTS NEW VP EXPLORATION AND DEVELOPMENT

Golden Arrow Appoints New VP Exploration and Development

Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), the "Company" or "Golden Arrow") is pleased to announce that Mr. Brian McEwen has been appointed the VP Exploration and Development of Golden Arrow.

Mr. McEwen is a professional geologist with more than 30 years of exploration and production experience in open-pit and underground mining projects and operations. The extent of his experience is global in managing numerous projects in Canada, US, Europe, Asia, Africa and throughout Latin America. Mr. McEwen's previous roles include more than a decade with MRDI (AMEC Peru) where he was responsible for project management, economic resource and reserve calculations for various precious and base metal companies worldwide, including BHP Billiton, CM Antamina, Teck, Hochschild and Phelps Dodge among others.

"We welcome Brian to Golden Arrow and look forward to his contributions as VP Exploration and Development. His joining our Company coincides with his recent visit to our Chinchillas silver project in Argentina on which we are currently carrying out a 6,500m two rig drill campaign to advance the project. Brian's skills together with the Company's strong financial position are the ingredients needed to move the Company from grass roots exploration to more advanced projects with cash flow potential."

Mr. Joseph Grosso, Chairman, President & CEO

The Company has granted Mr. McEwen 200,000 incentive stock options to purchase up to 200,000 common shares of the Company, exercisable at a price of $0.32 per common share for a period of five years. Additionally, the Company has also granted an aggregate of 150,000 incentive stock options to two consultants, exercisable at a price of $0.32 per common share for a period of three years. The options were granted under and are subject to the terms and conditions of the Company's Stock Option Plan. These options are subject to a four-month hold period.

About Golden Arrow:

Golden Arrow is a Vancouver-based explorer and prospect generator focused on identifying, acquiring and advancing precious and base metal projects in Argentina with the goal of achieving a world class discovery. The core focus will be on advancing its flagship Chinchillas Silver Project located in Jujuy, Argentina. Golden Arrow has a strong treasury which will allow the company to drill its Chinchillas Silver Project over the coming months with the aim of publishing the first NI 43-101 resource calculation on Chinchillas in the first half of 2013. Golden Arrow will continue to execute its strategy to leverage the Company's exploration exposure by attracting partners to fund work on its other high quality mineral projects. 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.


ON BEHALF OF THE BOARD

"Joseph Grosso"
_______________________________________________
Mr. Joseph Grosso, Chairman, President & CEO

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 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. 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. 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.