NEWS

GOLDEN ARROW ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Golden Arrow Announces Results of Annual General Meeting

Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company) announces that, at its Annual General Meeting of Shareholders held on Tuesday, June 25, 2013, incumbent directors Joseph Grosso, Nikolaos Cacos, David Terry, and John Gammon were re-elected to the Board of Directors of the Company, and Mr. Louis Salley was elected as a new director. At the Meeting, Shareholders also approved the number of directors, approved and ratified the Company's new fixed stock option plan, amended the Articles of the Company, and appointed PricewaterhouseCoopers LLP, as auditor of the Company.

Mr. Grosso stated, "I am extremely pleased to have Louis Salley join the board of directors. His experience and knowledge will be instrumental in assisting the Company. As Executive Chairman, I feel confident that Golden Arrow has a strong, experienced and knowledgeable board as the Company embarks on a new phase of growth and development." "On behalf of the board and myself, I would like to thank Messrs. David Horton, Len Harris and Chad Williams for their contributions to Golden Arrow. They provided invaluable advice and wisdom" stated Mr. Joseph Grosso.
Mr. Salley has over 30 years of Canadian and international experience as a corporate securities lawyer specializing in corporate finance matters for small cap companies, and has served as a director with a number of public companies. Mr. Salley is a founding partner of Salley Bowes Harwardt LLP, a Vancouver law firm, focusing on resource companies and has extensive experience with all aspects of prospectus financings, private placements, mergers and acquisitions in the public markets. Mr. Salley holds a Bachelor of Arts degree and a Bachelor of Laws degree from the University of Alberta.

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 first NI43-101 resource calculation on Chinchillas having been published June 20, 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, Executive Chairman, President and 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.