Vale Makes Option Payment and Plans Second Year of Exploration on Golden Arrow’s Mogote and Purulla Projects

Golden Arrow Resources Corporation (TSX-V: GRG and OTC Other: GARWF) announce this morning that the Company has received from Vale S.A. through its wholly-owned subsidiary Vale Exploracion Argentina S.A., the $US 100,000 option payment required to be made by the first anniversary of the agreement pertaining to the Company’s Mogote copper-gold-silver porphyry/epithermal project in San Juan Province and its Purulla copper-moly porphyry project in Catamarca Province, Argentina.

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