(via Thenewswire.ca)

Vancouver, BC / TNW-Accesswire / Mar 17 2014 / Golden Arrow Resources Corporation (or the "Company") has achieved some significant milestones over the last 18 months during a time that the resource market has seen one of the most difficult downtrends in recent memory. Markets are cyclical by nature and management's focus has been building shareholder value in the ground to position Golden Arrow for exceptionally rapid growth during an unprecedented time of austerity.

One often hears the term "experienced management" - but what really counts is how management applies its experience to execute and achieve what it commits to for shareholders. I believe that Golden Arrow's management team's track record stands out.

Selling Gold Royalty at Peak Gold Prices

In the Fall of 2012, we monetized the 1% royalty on the Gualcamayo gold mine when the spot gold price was approximately $1,700 compared to the current price of under $1,400. The timing and the sale allowed us to capture significantly more share value and capitalize on a higher cash leverage.

Discovering World-Class Silver Deposit

Using the proceeds of the royalty sale, management made a world-class discovery of the Chinchillas silver deposit in a newly emerging region in Argentina, which has district-wide potential. This mirrors management's previous track record involving the discovery of Gualcamayo and Navidad.

Despite the present mining economy, Chinchillas is quickly becoming a much bigger deposit than initially envisioned and still continues to have significant growth potential. The Company began drilling at Chinchillas in November 2012 and, in just seven months, filed a NI 43-101 compliant resource estimate of over 100 million ounces silver equivalent and recently filed a NI 43-101 compliant Preliminary Economic Assessment ("PEA") that showed an after tax net present value of $98.5 million at 8% discount rate (see News Releases dated December 5, 2013 and January 20, 2014). Our team should be congratulated for taking a grass roots project to the PEA stage in only 13 months. The next stage of growth for Chinchillas is currently underway, with a commitment to complete 25,000 meters (82,000 feet) of drilling. This program is focused on increasing the size of the current resource and advancing the project to feasibility study stage.

Financing Drilling at US$2.38 per share

Good management entails care in managing the share capital of a corporation.

Golden Arrow recently announced a US$3 Million drilling contract for shares at US$2.38 per share to pay for 15,000 meters of drilling on Chinchillas. This is at a significant premium to the current market that not only minimizes dilution, but the drill program has potential to materially grow the deposit.

Since selling the royalty in October of 2012, management has reduced the shares outstanding by 24% by acquiring the shares of dissenting shareholders; and, currently has in place a Normal Course Issuer Bid to purchase and cancel up to an additional 1,000,000 shares of the Company.

Buying and cancelling shares at $0.30 or less, and re-issuing a smaller amount for 10 times their current market value will, no doubt, make good business sense.

Award Winning Experience in Argentina

Management has a very long history in Argentina that is now over 22 consecutive years in length. This gives our organization a trusted profile and open access to immense geological opportunities in that country. The recent devaluation of the peso has created an economic advantage on which it can be capitalized. In this current market our dollar goes further allowing us to secure solid assets at discounted prices. We are confident that a turn around is imminent and we will stand with the more than two hundred foreign companies still operating in the country.

Our ongoing commitment is to increase shareholder value and new opportunities are presenting themselves within the current market environment. Golden Arrow, with a strong treasury, looks forward to carrying out its objectives.

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