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GRG.V ·

Golden Arrow Announces New Director Appointment

Management Changes

Terminal City Club Tower, Suite 312 - 837 West Hastings Street

Vancouver, BC CANADA V6C 3N6 TSX Venture Exchange (TSX-V): GRG

Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 Frankfurt Stock Exchange (FSE): GAC

www.goldenarrowresources.com • [email protected] OTCQB Venture Market (OTCQB): GARWF

_______________________________________________________________________________________________

NEWS RELEASE – October 11, 2017

Golden Arrow Announces New Director Appointment

Vancouver, BC / Newswire / October 11, 2017 / Golden Arrow Resources Corporation (TSX -V: GRG,

FSE: GAC, OTCQB: GARWF), “Golden Arrow” or the “Company”) is pleased to announce that Alfred Hills

has joined the Board of Directors of the Company.

Alf Hills has over 35 years of international mine evaluation, development and operational experience. From

2006 to 2013, he was the CEO and a director of Kobex Minerals Inc. and its predecessor company,

International Barytex Resources. Prior to that he spent 26 years with the Placer Dome group. He was involved

in the development of the CIM Best Practice Guidelines for Mineral Resource and Mineral Reserve Estimates.

Mr. Hills is registered as a Professional Engineer and is a graduate of the University of Bri tish Columbia in

Mining and Mineral Process Engineering.

Mr. Hills was also appointed to represent the Company’s interests on the board of Puna Operations Inc., a joint

venture with SSR Mining Inc. (formerly Silver Standard Resources Inc.). Please refer to the news release dated

May 31, 2017 on the Company’s website for additional details of this transaction.

Taylor Thoen has stepped down from her role as director and the Company would like to thank her for h er

contributions and wish her every success in the future.

About TSX Venture 50™

The TSX Venture 50™ are the top 10 companies listed on the TSX Venture Exchange, in each of the five

major industry sectors – mining, oil & gas, clean technology & life sciences, diversified industries and

technology – based on a ranking formula with equal weighting given to return on investment, market cap

growth, trading volume and analyst coverage. All data was as of December 31, 2016 .

About Golden Arrow:

Golden Arrow Resources is a Vancouver -based exploration company focused on creating value by making

precious and base metal discoveries and advancing them into exceptional deposits. The Company is currently

focused on its Chinchillas Silver Project located in the mining-friendly Province of Jujuy, Argentina. Exploration

has progressed rapidly since the acquisition of the project in late 2011. The innovative transaction announced

October 1st 2015, positions the Company to maximize shareholder value by fast -tracking Chinchillas to

production and becoming a 25% owner of the Pirquitas silver mine.

Golden Arrow was recognized as a TSX Venture 50™ company in 2017. TSX Venture 50™ is a trademark of

TSX Inc. and is used under license.

ON BEHALF OF THE BOARD

“Joseph Grosso”

_______________________________

Mr. Joseph Grosso,

Executive Chairman, President and CEO

News Release October 11, 2017

Golden Arrow Resources Corporation Page 2

For further information please contact:

Corporate Communications

Tel: 1-604-687-1828

Toll-Free: 1-800-901-0058

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and

conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently

anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a

more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to

publicly update or revise any forward-looking statements.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as

amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or

benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration

requirements. This release does not constitute an offer for sale of securities in the United States.