(via Thenewswire.ca)

Vancouver, BC / TheNewswire / June 4, 2015 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company") is pleased to announce it has completed the $1,500,000 financing with Silver Standard Resources Inc. ("Silver Standard") (NASDAQ: SSRI) (TSX: SSO) previously announced on May 27, 2015.

Golden Arrow has issued to Silver Standard $1,500,000 of common shares of the Company (the "Shares") at a price of $0.35 per Share, representing approximately 8% of the issued and outstanding shares of Golden Arrow (the "Transaction"). In consideration for the issuance of the Shares to Silver Standard, the Company has received 214,592 common shares of Pretium Resources Inc. ("Pretium") (TSX: PVG) (NYSE:PVG) (the "PVG Shares") at a price of $6.99 per PVG Share. The PVG Shares are free-trading and unencumbered. Pretium operates at arm's length to the Company.

Golden Arrow will use the proceeds from the sale of PVG Shares received as consideration from the Transaction to fund activities for the Company's flagship Chinchillas Silver Project and for general corporate purposes.

The Shares issued in connection with the Transaction are subject to a four-month hold period under applicable Canadian securities laws expiring October 5, 2015. Silver Standard is not permitted to trade the Shares for a period of four months plus one day from the closing of the Transaction, except as permitted by applicable Canadian securities laws. The Shares described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements of such Act.

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