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(via Thenewswire.ca)

Vancouver, BC /
TheNewswire /
January 30, 2015 /
Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company") is pleased to announce it has received regulatory approval from the TSX Venture Exchange for the Company's non-brokered private placement originally announced January 23, 2015. The Company issued 442,056 common shares of the Company at a price of US$1.214777 (CDN$1.456033) per shar

e for gross proceeds of US$537,000 (CDN$643,648). Securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws expiring May 28, 2015. The proceeds of this financing will be used to advance exploration for the Company's flagship Chinchillas Silver Project and for general working capital.


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 main focus is on advancing the flagship Chinchillas Silver Project located in Jujuy, Argentina. 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 and CEO


For further information please contact:


Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058


Email:

info@goldenarrowresources.com