Mr. Joseph Grosso reports

GOLDEN ARROW ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Golden Arrow Resources Corp. has arranged a non-brokered private placement financing of up to 7.5 million units at a price of 35 cents per unit for gross proceeds of $2,625,000.

Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the company at 55 cents per share for two years from the date of issue.

This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the company may participate in a portion of the financing. A commission may be paid on a portion of the financing. The proceeds of the financing will be used for general working capital.

About Golden Arrow Resources Corp.

Golden Arrow Resources is an exploration company earning production income. Golden Arrow is actively exploring on its more than 200,000 hectares of properties in Argentina.

We seek Safe Harbor.