Mr. Joseph Grosso reports

GOLDEN ARROW ANNOUNCES INCREASE IN NON-BROKERED PRIVATE PLACEMENT

Due to strong demand in Golden Arrow Resources Corp.'s previously announced non-brokered private placement financing of units, the company has increased the unit offering to up to $3.6-million in total gross proceeds. All other terms of the financing will remain the same.

As disclosed in the company's news release of Feb. 12, 2019, the units will be sold at a price of 30 cents per unit. Each unit will consist of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the company at 40 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 is an exploration company earning production income. Golden Arrow owns a 25-per-cent share of Puna Operations Inc., a joint venture operated by SSR Mining, with more than eight years of forecast production and upside potential at the Pirquitas-Chinchillas silver mining project. Golden Arrow is actively exploring on its more than 200,000 hectares of properties in Argentina. The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

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