NEWS RELEASE.

March 14, 2013: Vancouver, B.C. – Golden Arrow Resources Corp. (Stock Profile – TSXV:GRG) Golden Arrow Resources Corp. has released the results of 14 additional drill holes from the phase two program at the Chinchillas silver project in Jujuy, Argentina, 30 kilometres northeast of Silver Standard’s Pirquitas silver mine and 85 kilometres north of Glencore’s Aguilar silver-lead-zinc mine.

“Our results continue to expand the near-surface mineralized zones at Chinchillas in most directions, which will impact our upcoming resource estimate. Furthermore, we are starting to define Pirquitas-style feeder zones beneath the Silver Mantos and Socavon del Diablo mineralization, indicating the potential to further expand the project” stated Brian McEwen, VP Exploration and Development.

The Company’s Phase II drill program at Chinchillas has successfully concluded, having exceeded the planned 6500 metres of drilling with a total of 7286 metres completed. Results from the program will be combined with results from the previous 43 drill holes, for a total of over 13,500 metres of drill data. This data will be used to define a NI 43-101 compliant silver-lead-zinc resource and technical report in the coming months. Results are pending for 19 remaining holes from the Phase II program.

To see the results – which include 26 metres of 274 g/t silver – CLICK HERE.

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