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GRG.V ·

Golden Arrow Retains Market-Making Services

Marketing Announcement

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): G6A

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

_______________________________________________________________________________________________

NEWS RELEASE – AUGUST 14, 2018

Golden Arrow Retains Market-Making Services

Vancouver, BC / Newswire / August 14, 2018 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE:

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

has, subject to regulatory approval, retained Venture Liquidity Providers Inc. ( “VLP”) to initiate its market -

making service to provide assistance in maintaining an orderly trading market for the common shares of the

Company.

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in

compliance with the applicable policies of the TSX Venture Exchange (“TSX-V”) and other applicable laws. For

its services, the corporation has agreed to pay VLP $5,000 + HST per month for a period of 12 months. The

agreement may be terminated at any time by the corporation or VLP. The corporation and VLP act at arm's

length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances

and the shares required for the market -making service are provided by W.D. Latimer. The fee paid by the

company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX -V-listed

issuers.

About Golden Arrow:

Golden Arrow Resources Corporation is an exploration company earning production income. The Company

has a successful track record of creating value by making precious and base metal discoveries and advancing

them into exceptional deposits. Golden Arrow owns a 25% share of Puna Operations Inc., a joint venture

operated by SSR Mining, with more than 8 years of forecast production and upside potential at th e 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.

ON BEHALF OF THE BOARD

“Joseph Grosso”

_______________________________

Mr. Joseph Grosso,

Executive Chairman, President and CEO

For further information, please contact:

Corporate Communications

Tel: 1-604-687-1828

Toll-Free: 1-800-901-0058

Email: [email protected]

News Release August 14, 2018

Golden Arrow Resources Corporation Page 2

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 stateme nts. 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.