Golden Arrow Resources Corporation provide an update on its exploration activities in Chile and Argentina. Highlights: Multiple magnetite mantos that correlate with similar bodies in adjacent holes, and new specularite breccias confirmed in first drill hole of 2024 campaign at the central Rincones target, San Pietro Iron-Copper-Gold-Cobalt Project, Chile; Gold and Zinc target delineation at Yanso Project, Argentina, including up to 40% zinc in surface samples at new limestone-hosted stratabound target; 2024 exploration program initiated. 2024 field season completed at Potrerillos Gold-Silver-Copper Project, Argentina; new reconnaissance sampling and trenching advanced multiple targets.

In addition to the projects mentioned above, the Company is working to advance several other projects in its portfolio and continues to court potential joint venture partners. The Company's existing joint ventures at the Mogote and Caballos projects are advancing however the operating partners have not yet provided data for public release. Drill Program at San Pietro IOCG Project: Golden Arrow is now drilling the second hole of an ~10,000m diamond drilling campaign designed to facilitate the first Mineral Resource estimate for the San Pietro project later in 2024.

The 4,000m drill program in 2023 identified significant extensions to the known mineralization at the advanced Rincones target, highlighted by hole SP-DDH-12, which returned a 64.2m interval averaging 0.86% copper, 0.20 g/t gold, 196 g/t cobalt and 26.9% iron, starting at 42.8m downhole. At San Pietro and other IOCG projects locally including Santo Domingo (Capstone Copper) and Candelaria (Lundin Mining), copper is mainly found in chalcopyrite, while gold and cobalt are associated with pyrite, mainly hosted in the iron-rich magnetite mantos, with additional mineralization often in specularite breccias. The first hole of the 2024 program (SP-DDH-14) was drilled in a sparsely tested central part of the Rincones target, to a downhole depth of 401.2m.

Logging of the core from SP-DDH-14 identified four magnetite manto bodies with thicknesses of over 10m, starting at approximately 42m downhole, with visible chalcopyrite and pyrite noted. Additionally, at 350m down-hole, a 35 metre-wide specularite breccia with visible chalcopyrite was intercepted, which had not been identified in previous drilling.