Golden Arrow Chairman's Update on Corporate Plans

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 20, 2017) - Golden Arrow Resources Corporation (TSX VENTURE:GRG)(FRANKFURT:GAC)(WKN:A0B6XQ)(OTCQB:GARWF) ("Golden Arrow" or the "Company") - Subsequent to the formation of the joint venture with Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) ("Silver Standard"), which was announced on May 31, 2017, the joint venture, named Puna Operations Inc. ("POI"), has been formed to hold both the Chinchillas project and the Pirquitas project, which consists of the San Miguel open pit mine which ceased mining operations in January 2017 (the "Pirquitas Pit"), and the associated mineral processing facilities and tailings facility (the "Pirquitas Operation") in Argentina. POI is 75% owned and operated by Silver Standard, and owned 25% by Golden Arrow. For further details, please see the Company's press release dated May 31, 2017 (https://goldenarrowresources.com/news/2017/golden-arrow-completes-transaction-to-form-joint-venture-with-silver-standard-for-the-chinchillas-project). Now that the formation of the joint venture has been completed, I am pleased to update you on Golden Arrow's future business plans, as follows: