Golden Arrow Chairman’s Update

Golden Arrow Resources (TSX-V:GRG) (FSE:GAC) (OTCQB:GARWF) (“Golden Arrow” or the “Company”)

2017 was a significant year for Golden Arrow Resources Corporation as management moved to establish two value streams for the Company.

Golden Arrow’s production income from the integration and production start‑up, within the next six months, of the Chinchillas silver deposit, will be the first value stream creating yearly income for Golden Arrow.

The second value stream will be from the continuation of our very successful technical exploration team targeting key projects in Golden Arrow’s prolific property portfolio.

In order to continue exploration, Golden Arrow has formed a 100% owned subsidiary called “New Golden Explorations” which will seek a listing on the stock exchange to access funding for future exploration. Golden Arrow intends to initially give up 40% and retain a 60% carried interest on new discovery values. This can add potential sizeable value to Golden Arrow.

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