A LARGE PROPERTY WITH MULTI-DEPOSIT POTENTIAL

Golden Arrow purchased the San Pietro Iron oxide-Copper-Gold-Cobalt project in 2022 for US$3.35M in cash. The Company advanced the existing copper targets for three years and delineated the first Mineral Resource Estimate. In June, 2026, the Company announced the sale of the Copper Assets and approximately 2/3 of the project area to Capstone Copper Corp. and subsidiary for US$25M total consideration, received in Capstone equity, less fees & taxes.  Golden Arrow retains over 9,400 hectares where four strong gold targets have already been delineated. These concessions form the new Atakama Gold project .

The project is situated at modest altitude in the Atacama region of Chile, approximately 100 kilometres north of the city of Copiapo. There is excellent mining and processing infrastructure in the area, and the project benefits from proximal highway access and, powerlines and a mining support town approximately 10km away. It is an active mining district that is home to all the major IOCG deposits in Chile and the region hosts both the prolific Maricunga gold belt and new costal intrusion-related gold deposits.

Golden Arrow operates the project, which is directly owned by the Company’s 75%-held Chilean subsidiary New Golden Explorations Inc (“NGE”) (see news release dated 4/29/2025).

For additional information on the targets and potential at Atakama, please see the latest Presentation and for full disclosure details refer to the Company’s News Releases and Quarterly Statements.