The Caballos Copper-Gold Project covers more than 22,800 ha (22 km by 10 km) of a prospective porphyry copper and epithermal gold-silver district along the Chilean border in western La Rioja Province, Argentina, and was discovered and staked by Golden Arrow's technical team.

The property is located in a developing porphyry district at the intersection between the south end of the Maricunga Copper-Gold Belt with the northern extent of the El Indio Gold-Silver Belt. Advanced projects in the area include El Moro (65km SW with proven and probable reserves of 8.17 million ounces of gold and 6.1 billion pounds of copper¹), Los Helados (22km to SW with intercepts including Hole LH 16 with 701 metres of 0.67% copper and 0.30 g/t gold²) and Caserones (21km to the NW with 1.3 billion tonnes copper-moly³) on the Chilean side of the border and Josemaria (25km SW with Inferred resource of 4.4 million ounces of contained gold and 3.9 billion pounds of contained copper²) and Filo del Sol in Argentina (38km to SW with intercepts including VRC 28 with 222m of 0.66% copper²).

The Caballos property is located in the Andean Cordillera with elevations ranging from 4,000m to 4,500m above sea level. A paved highway and good gravel roads allow easy access to the eastern part of the property and work can be conducted for 7 to 8 months of the year.

¹ Goldcorp Inc. website (www.goldcorp.com)
² NGex Resources Inc. website (www.ngexresources.com)
³ Pan Pacific Copper website (www.ppcu.co.jp)