Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), “Golden Arrow” or the “Company”) is pleased to announce the granting of additional concessions that surround the Chinchillas Project, effectively, tripling the area of the entire property to 1,160 hectares. The mining authority has granted the concessions as well as the drill permit for the newly acquired area.

1. Terminal City Club Tower, Suite 709 - 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 (FRA): GAC (WKN A0B6XQ)
www.goldenarrowresources.com • info@goldenarrowresources.com
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NEWS RELEASE – July 24, 2013
Golden Arrow Triples Size of Chinchillas Silver Project
Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), “Golden
Arrow” or the “Company”) is pleased to announce the granting of additional concessions that
surround the Chinchillas Project, effectively, tripling the area of the entire property to 1,160
hectares. The mining authority has granted the concessions as well as the drill permit for the newly
acquired area.
The mineralization delineated at the Chinchilla silver project is open in all of these directions and
the potential to expand the current resource is high. To date the silver resource is 32.6 million
ounces Ag Eq indicated and 72.2 million ounces inferred*.This additional ground will be the focus
of the next phase of exploration, with surface mapping, geochem sampling and geophysics all
planned. The Phase III drill program will incorporate additional drill targets. The objective of The
Phase III drill program is to increase the size of the recently released Indicated and Inferred
silver-lead-zinc resource (see news release dated May 9th
, 2013).
In addition, Golden Arrow is undertaking an internal economic analysis of the Chinchillas Project to
determine whether to complete a Preliminary Economic Assessment prior to, or after, completing
the drill program. The internal review is being coordinated by independent consultant
Ken Kuchling, a mining engineer specializing in economic reviews.
Golden Arrow has also engaged the services of Knight Piesold Ltd. (KPL) of Vancouver to
commence engineering studies for the Chinchillas Project. The work will include a preliminary
mine development plan as well as the commencement of environmental and social baseline
studies. KPL is an international consulting company providing engineering and environmental
services for the mining, power, water, transportation and construction sectors. KPL has offices in
Mendoza, and has provided engineering services for several prominent mining projects in
Argentina, including the Pirquitas, Alumbrera and Gualcamayo.
Concurrent with the engineering studies, Golden Arrow is continuing its metallurgical testing
program with Inspectorate Exploration & Mining Services Ltd. Initial flotation results were very
positive for the recovery of silver, lead and zinc (see news release dated May 6th
, 2013). The
Company is now engaged in optimizing the flow sheet with the goal of producing a separate
high-grade silver-bearing lead concentrate and a zinc concentrate.
The Project webpage has links to the Technical Report, as well as interactive three dimensional
models and sections of the deposit, provided by Corebox®.
http://www.goldenarrowresources.com/s/Chinchillas.asp.
With respect to the Company`s Mogote Project in San Juan Province, the Company discloses that
pursuant to the Investment, Exploration and Option Agreement (the “Agreement”) dated

2. News Release July 24, 2013
Golden Arrow Resources Corporation Page 2
September 2, 2010 between the Company and Vale Exploración Argentina S.A., Vale provided
notice of its decision to terminate the Agreement effective thirty (30) consecutive days from the
notice date of July 5, 2013. Golden Arrow`s management wish to thank Vale`s technical team for
their outstanding professionalism during the term of the joint venture and the Company will remain
in contact with Vale to discuss possible future endeavours.
Qualified Persons:
The contents of the news release has been reviewed and approved by Brian McEwen, P.Geol., VP
Exploration and Development and a Qualified Person as defined in National Instrument 43-101.
*The Chinchillas silver project has an Indicated resource 7.2 Mt @ 119 g/t Ag, 0.57% Pb, o.48%
Zn, Inferred resource of 21 Mt @ 78 g/t Ag, 0.69% Pb, 0.62% Zn.
About Golden Arrow:
Golden Arrow is a Vancouver-based explorer focused on identifying, acquiring and advancing
precious and base metal projects in Argentina with the goal of achieving a world class discovery.
The core focus is on advancing the flagship Chinchillas Silver Project located in Jujuy, Argentina.
Golden Arrow has a strong treasury which will allow the company to advance its Chinchillas Silver
Project. Golden Arrow will continue to execute its strategy to leverage the Company's exploration
exposure by attracting partners to fund work on its other high quality mineral projects. Golden
Arrow is a member of Grosso Group, a management company specialized in resource exploration,
and working in Argentina where it is highly regarded and trusted since 1993.
ON BEHALF OF THE BOARD
“Joseph Grosso”
_______________________________
Mr. Joseph Grosso
Executive Chairman, President, CEO and Director
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@goldenarrowresources.com
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 including but not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with
the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.