Golden Arrow Announces US$5 Million Option Agreement to Support Resource Delineation Program at the San Pietro IOCG Project

TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, Jan. 12, 2024 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), (“Golden Arrow” or the “Company”) is pleased to announce that New Golden Explorations Chile SpA (“NGE“), a wholly-owned subsidiary of the Company, has entered into an option agreement (fully executed January 9, 2024) (the “Option Agreement“) with Sociedad de Servicios Andinos SpA (“SSA“). Under the Option Agreement, NGE has granted SSA the option (the “Option“) to subscribe for 333 shares in the capital of NGE (each, a “Share“), equivalent to approximately 25% of the issued and outstanding Shares upon exercise of the Option, subject to the terms and conditions of the Option Agreement. The Shares are not convertible or otherwise exchangeable for common shares of the Company. SSA is non-arm’s length to the Company. No finders’ fees are payable for this transaction.

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