(via Thenewswire.ca)

Golden Arrow Resources Corporation (GRG - TSX.V) ("Golden Arrow" or the "Company") today announced that the TSX Venture Exchange (the "Exchange") has accepted a Notice of Intention to Make a Normal Course Issuer Bid (the "Bid") which was filed by Golden Arrow with the Exchange.

Pursuant to the terms of the Bid, Golden Arrow will purchase its own common shares for cancellation through the facilities of the Exchange at the prevailing market price. The number of common shares purchased by Golden Arrow will in no event be in excess of 5% of the issued and outstanding common shares at the date the bid commences, such amount not to exceed 1,000,000 common shares of the 41,823,655 currently issued and outstanding common shares. Golden Arrow will effect purchases at varying times commencing on or after November 25, 2013 and continuing until no later than November 25, 2014, or on such earlier date as Golden Arrow may complete its purchases pursuant to the Bid or as it may otherwise determine.

Golden Arrow is engaging in the Bid because it believes that the market price of its common shares does not properly reflect the underlying value of Golden Arrow. The objective of the Bid is to provide market stability for the benefit of the Company's shareholders. Market purchases pursuant to the Bid will be conducted through Steve Burns of Global Maxfin Capital Inc.

Shareholders may obtain a copy of the Notice of Intention to Make a Normal Course Issuer Bid (Form 5G), without charge, by contacting Golden Arrow.

About Golden Arrow:

Golden Arrow is a Vancouver-based explorer 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 is on advancing the flagship Chinchillas Silver Project located in Jujuy, Argentina. Golden Arrow has a strong treasury which will allow the company to advance its Chinchillas Silver Project. 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, 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