NI 43-101 Report for Chinchillas Silver Project filed on SEDAR

2014-10-10

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Vancouver, BC/TNW-Accesswire/October10,2014/ GoldenArrowResourcesCorporation (TSX-V:GRG,FRA:GAC(WKN: A0B6XQ),"GoldenArrow"orthe"Company")ispleasedto announcethatithas filed on SEDARaNI43-101TechnicalReportfortheChinchillassilver-lead-zincproject inJujuyProvince,Argentina,tosupporttheupdatedmineralresourceestimateannouncedAugust29th,

2014. ThisresourceestimateformsthebasisfortheupdatedPreliminaryEconomicAssessmentthatisnow underway.

AcopyoftheTechnical ReportwillalsobemadeavailableontheCompany'swebsite, www.goldenarrowresources.com.

TheCompany wishestonotethatinthatpressreleasedatedAugust29th,2014,therewasatypographical errorin theequivalentgradeformulain Note1of Table1. TheAgEqformulausedin theresourceestimateis (Pbx 31.172)+(Znx31.172)+(Agx 1), not(Pbx 39.187)+(Znx 39.187)+(Agx 1).

QualifiedPersons

Theresourceestimateandassociatedtechnicalreportwerepreparedbyindependent consultants tothe Company,KyleHowie,B.Sc.,MAIGandBruceDavis,Ph.D.FAusIMM ofBDResource Consulting Inc.,and consultantBruceSmith,M.Sc.,MAusIMMCP(Geo) (Qualified PersonsasdefinedinNationalInstrument43-

101). ThecontentsofthenewsreleasehavebeenreviewedandapprovedbyBrianMcEwen,P.Geol., QP, VPExplorationandDevelopmenttotheCompany.

AboutGoldenArrow:

GoldenArrowisaVancouver-basedexplorerfocusedonidentifying,acquiringandadvancingpreciousand basemetalprojectsinArgentinawiththegoalofachievingworldclassdiscoveries.Thecurrentmainfocusis onadvancingtheflagshipChinchillasSilverProjectlocatedin Jujuy,Argentina.GoldenArrowis amemberof GrossoGroup,amanagement companyspecializedinresourceexplorationinArgentinawhereitishighly regardedandtrustedsince1993.

ONBEHALFOFTHEBOARD

"JosephGrosso"

Mr.JosephGrosso,ExecutiveChairman,PresidentandCEO Forfurtherinformationpleasecontact:

CorporateCommunications

Tel:1-604-687-1828

Toll-Free:1-800-901-0058

Email:info@goldenarrowresources.com

NeitherTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinpoliciesoftheTSXVentureExchange)accepts responsibility fortheadequacy oraccuracy ofthis release.

NewsRelease October 10,2014

GoldenArrowResourcesCorporation Page2

FORWARD-LOOKING STATEMENTS

Thisnewsreleasecontains"forward-lookingstatements" withinthemeaningofCanadiansecuritieslegislation.Suchforward-lookingstatements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and developmentoftheChinchillasproject,plansrelated toitsbusinessand othermattersthatmayoccurin the future. Thesestatementsrelate to analysesandotherinformationthatarebasedonexpectationsoffuture performanceasoutlinedintheResourceEstimateandPEA,including silver,leadandzincproduction and plannedworkprogramsatChinchillas.Statementsconcerningreservesandmineralresourceestimatesmay alsoconstitute forward-lookingstatementstotheextentthattheyinvolveestimatesof themineralizationthatwillbeencounteredif theChinchillas propertyisdeveloped and,in the case ofmineralreserves,such statementsreflectthe conclusionbased on certain assumptionsthatthemineral depositcanbeeconomically exploited.

Forward-lookingstatementsaresubjecttoavarietyof knownandunknownrisks, uncertaintiesandotherfactorswhichcouldcauseactualevents orresultstodifferfromthoseexpressedorimpliedbytheforward-lookingstatements,including,withoutlimitation:risksrelated topreciousand basemetalpricefluctuations;risksrelatedtofluctuationsinthe currencymarkets(particularlytheArgentineanpeso,CanadiandollarandUnited Statesdollar);risksrelated to theinherentlydangerousactivityofmining,including conditionsor eventsbeyondour control,and operatingor technical difficultiesinmineral exploration,developmentandminingactivities;uncertaintyin theCompany'sabilityto raise financing and fund the developmentoftheChinchillasprojectpursuantto thePEA;uncertaintyasto actual capital costs,operating costs,production and economic returns,anduncertaintythatdevelopmentactivitieswillresultinaprofitableminingoperationatChinchillas;risksrelated tomineralresource figuresbeingestimatesbasedoninterpretationsandassumptionswhichmayresultinlessmineralproductionunderactual conditionsthanis currently estimated andtodiminishing quantities or grades of mineral resourcesas properties aremined; risksrelatedtogovernmental regulationsandobtainingnecessarylicensesandpermits;risksrelatedtothebusinessbeingsubjecttoenvironmentallawsandregulations which may increasecosts of doing business andrestrict our operations; risks related tothe Chinchillas property beingsubject to prior unregisteredagreements,transfers,orclaimsandotherdefectsintitle;risks relatingtoinadequateinsuranceorinability toobtaininsurance;risks relatedtopotentiallitigation;risksrelatedtotheglobaleconomy;risks relatedtotheChinchillaspropertybeinglocatedinArgentina,including political,economic,socialand regulatoryinstability.Shouldone ormoreoftheserisksand uncertaintiesmaterialize,or shouldunderlying assumptions proveincorrect,actualresultsmay vary materially fromthosedescribedintheforward-lookingstatements. TheCompany's forward- looking statementsarebasedonbeliefs,expectationsandopinionsofmanagementonthedate the statementsaremade. Forthereasonsset forth above, investorsshouldnotplaceunduerelianceonforward-lookingstatements.

TheinformationprovidedinthisnewsreleaseaddressestheChinchillas ResourceEstimateandisnotintendedtobeacomprehensivereview of allmatters anddevelopmentsconcerningtheCompany.Itshouldbereadinconjunctionwithallotherdisclosuredocuments of theCompany. The informationcontainedhereinisnotasubstitutefordetailedinvestigationoranalysis.Nosecuritiescommissionorregulatoryauthorityhas reviewedtheaccuracyoradequacyoftheinformationpresented. TheCompanyundertakesnoobligationtopubliclyupdateorreviseany forward-lookingstatements.

WeadviseU.S.investorsthattheSEC'sminingguidelinesstrictlyprohibitinformationofthis typeindocuments filedwiththeSEC.U.S.investors arecautionedthatmineraldepositsonadjacent properties arenotindicativeof mineraldeposits onourproperties.

NI 43-101 Report for Chinchillas Silver Project filed on SEDAR

Earlier from GRG Resources Corp.