Golden Arrow Appoints New Executive Officers


February 27, 2013: Vancouver, B.C. – Golden Arrow Resources Corp. (Stock Profile – TSXV:GRG) announces the following executive appointments effective Feb. 26, 2013: Carlos H. Fernandez Mazzi as president and chief executive officer; Joseph Grosso as executive chairman; and Michael Iannacone as chief financial officer and corporate secretary.

Mr. Grosso stated: “I am extremely pleased to have Carlos take a leading role in Golden Arrow at such an exciting time in the company’s history. His experience and track record of successfully taking major projects forward is the skill set that is required to rapidly build Golden Arrow. As executive chairman, I feel confident that Golden Arrow has a formidable team in Carlos, Mike Iannacone as CFO and Brian McEwen as VP exploration to advance our company to the next level. I look forward to working closely with Carlos and the rest of the team and seeing our Company grow significantly.”

Mr. Fernandez Mazzi commented: “I feel privileged to join Golden Arrow and to have the opportunity to capitalize on Joseph’s mining leadership in Argentina since 1993. Golden Arrow is in an unparalleled position for delivering increased value to its shareholders based on a solid balance sheet, a diversified portfolio of properties and a proven results-oriented team. I look forward to working with the board, staff and key stakeholders in unlocking the value of the company’s extensive property portfolio. In particular, I am excited to contribute expertise gained in the Bolivian silver belt area to advance the promising Chinchillas silver project.”

Carlos H. Fernandez Mazzi — president and chief executive officer.

Mr. Fernandez Mazzi’s career spans over 30 years in international business and investment banking highlighted by his leadership as chief executive officer of the Bolivian subsidiary of APEX Silver Mines where Mr. Fernandez Mazzi led the strategy, financing and development of the San Cristobal project in Bolivia. With over $1.0-billion of investment, this 40,000-tonne-per-day project represented the largest mining investment in the country with substantial contributions to regional infrastructure, mining capacity and job creation. Under his leadership, the San Cristobal project gained recognition as a model for impact investing and sustainable solutions to human development through social entrepreneurship initiatives.

Joseph Grosso — executive chairman

Mr. Grosso has been appointed as executive chairman of the company. He will work very closely with Mr. Fernandez to ensure a fluid transition. Mr. Grosso became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment, and was named Argentina’s Mining Man of the Year in 2005. His knowledge of Argentina was instrumental in attracting a premier team which led to the acquisition of key properties in Golden Arrow’s portfolio. He has successfully formed agreements and negotiated with mining industry majors such as Barrick, Teck, Newmont , Viceroy (now Yamana Gold) and Vale SA, and government officials at all levels.

Michael Iannacone — chief financial officer and corporate secretary

Mr. Iannacone has been appointed chief financial officer and corporate secretary replacing Bassam Moubarak who will remain with the company as a consultant to assist with the transition of the chief financial officer and corporate secretary roles.

To learn more about the appointments – CLICK HERE.


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