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Golden Arrow Hits High-Grade Gold in Shallow Drilling and Identifies New Targets at the Tierra Dorada Gold Project, Paraguay

 Golden Arrow Resources Corporation (TSX-V: GRG) (FSE: G6A) (OTCQB: GARWF), ( Golden Arrow or the Company ) is pleased to report that it has completed its shallow diamond drilling campaign and its first induced polarization ( IP ) geophysical program at the Tierra Dorada gold project in Paraguay. These programs continue the work at the Alvaro area to delineate high-grade, quartz vein-hosted gold prospects and refine targets for full-scale follow-up drilling programs. Highlights of the combined programs include: Showings 1, 2 and 4 were tested via 41 shallow diamond drill holes totaling 550 metres; results include: 143.5 g/t gold over 0.5m, within 6m averaging 14.53 g/t gold at 3-9m depth (DHTD18, Showing 1)

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