NEWS

GOLDEN ARROW NAMED "EXPLORATION COMPANY OF THE YEAR" IN ARGENTINA

Golden Arrow Named "Exploration Company of the Year" in Argentina

Vancouver, BC / TheNewswire / December 8, 2015 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow") is pleased to announce that the Company has received an award naming it "Exploration Company of the Year" in Argentina. The award was presented to Golden Arrow on December 1, 2015 by Fundamin and the Panorama Minero publication.

"I am very proud to have our Company be the recipient of this distinguished award." stated Joseph Grosso, President & CEO. "This award is a testament to our talented team and Company success achieved through diligence and long term perseverance. We have an uninterrupted 23 year presence in Argentina, as we are firm believers that this country is heading on a new course to quickly becoming a preferred mining destination for new mineral discoveries."

This award builds on three prior distinctions in Argentina, including "Exploration Man of the Year" to Golden Arrow's President & CEO, Joseph Grosso, pointing to our commitment and ability to work with the people of Argentina.

About Golden Arrow:

Golden Arrow Resources is a Vancouver-based exploration company focused on creating value by making precious and base metal discoveries and advancing them into exceptional deposits. The Company is currently focused on its Chinchillas Silver Project located in the mining-friendly Province of Jujuy, Argentina. Exploration has progressed rapidly since the acquisition of the project in late 2011. With the innovative transaction announced October 1st 2015, the Company is now positioned to maximize shareholder value by fast-tracking Chinchillas to production and becoming a 25% owner of the world-class Pirquitas silver mine.

ON BEHALF OF THE BOARD
"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.