PROPERTY & ACCESS

Golden Arrow has a 100% interest in the 12,480 hectare Yanso gold project in eastern San Juan Province, Argentina. The project is located approximately 27 kilometres south of the Gualcamayo gold mine. The property lies in the PreCordillera region with elevations ranging from 1500m to 2500m above sea level.

GEOLOGY & EXPLORATION SUMMARY

[For full details of exploration results, please refer to the original News Releases filed on SEDAR.]

A detailed airborne magnetic survey identified an intrusive body, and strong silica-illite-pyrite alteration is exposed at the contact with the intrusive. The 330m long by 90m wide zone of alteration is exposed between two major drainages and at the intersection of two structural trends. Golden Arrow has conducted limited surface sampling programs over the target in the past that identified geochemical anomalies.

Highlights of previous work (see February 19th, 2008 news release) include rock chip samples with assays of:

• 16m averaging 0.602 g/t Au (including 2m @ 1.27 g/t gold)
• 2m averaging 3.46 g/t gold
• 2m averaging 3.15 g/t gold

Potential strike extensions of the mineralized zone are buried by alluvial cover.