Golden Arrow Drills 108 Metres of 125 g/t Silver

NEWS RELEASE.

April 11, 2013: Vancouver, B.C. – Golden Arrow Resources Corp. (Stock Profile – TSXV:GRG) Golden Arrow Resources Corp. has released the results of the final 19 drill holes from the 35-hole phase two program at the Chinchillas silver project in Jujuy, Argentina, 30 kilometres northeast of Silver Standard Resources Inc.’s Pirquitas silver mine and 85 kilometres north of Glencore International PLC’s Aguilar silver-lead-zinc mine. Golden Arrow has drilled 13,500 meters (76 holes) during Phase I and II drilling. The mineralized zone begins at surface and continues at depth and remains open to expansion at depth and to the north, east and west.

Drilling highlights include:

-108m @ 125 g/t Ag, 1.2% Pb in CGA-77, including:

-3m @ 712 g/t Ag, 7.7% Pb

-And 10m @ 308 g/t Ag, 1% Pb and 0.7% Zn

-20m @ 379 g/t Ag, 2.1% Pb in CGA-89, including:

-3m @ 1593 g/t Ag, 2.2% Pb

-93m @182 g/t Ag, 1.4% Pb, 0.5% Zn, in CGA-90 including:

-2m @ 2614 g/t Ag, 5.3% Pb, 1.6% Zn

The Company’s Phase II drill program at Chinchillas has successfully concluded, with a total of 7,286 metres completed. Results from the program will be combined with results from the previous 41 drill holes, for a total of over 13,500 metres of drill data. This data will be used to define the first NI 43-101 compliant silver-lead-zinc resource and complete the associated technical report, which is underway. The technical report will include the results of metallurgical testing, for which the final results are pending. A Phase III drill program is also being planned, and will proceed following the completion of the resource estimate work.

“We are excited with these results which expand the known mineralization by as much as 220 metres from the previously defined Silver Mantos zone, and indicates a large high grade silver area in the basement of the zone, which will be included in our next drill program.” stated Brian McEwen, VP Exploration and Development.

To see the complete results – which include 108 metres of 125 g/t silver – CLICK HERE.

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