| May 07, 2009 Golden Arrow Announces Stock Options | |
| Golden Arrow Resources Corporation (GRG -- TSX.V) ("Golden Arrow" or the "Company"), announces that pursuant to the Company's Stock Option Plan, it has granted incentive stock options to its officers, directors, employees and consultants to purchase up to an aggregate of 1,650,000 common shares in the capital stock of Golden Arrow Resources Corporation, exercisable for a period of five years, at a price of $0.35 per share. These options are subject to a four-month hold period. About Golden Arrow: The Company has an impressive portfolio of highly prospective properties in the most prolific regions of South America namely; Argentina, Peru and Colombia and is well financed. The Company expects to receive its first royalty income by 3rd quarter 2009 from its 1% NSR on Yamana's Gualcamayo project where start-up and commissioning commenced at Gualcamayo with the first gold pour in December 2008 (see Yamana News Release dated January 12, 2009). Golden Arrow has 29.8 million shares outstanding and its properties hold great potential to materialize value for shareholders. About The Grosso Group: The Company is a member of the Grosso Group, founded in 1993 and is recognized as a leading pioneer of mineral exploration in Argentina, Peru and of late Colombia. The group operates with the objective of creating investor value through the growth of the member companies which include: Golden Arrow Resources (TSXV: GRG), Blue Sky Uranium (TSXV: BSK) and IMA Exploration (Amex/TSXV: IMR). The Grosso Group has a history rich in successes which include: the discovery of two multi-million ounce precious metal deposits, partnerships with industry majors such as Barrick Gold, Newmont Mining, Viceroy/Yamana, Teck Resources Limited and Rio Tinto, Joseph Grosso being the only person to ever be honoured as Argentina's Mining Man of the Year, two dividends of tax-free shares to shareholders and in 2009 Golden Arrow expects to begin receiving quarterly royalty revenues from Yamana's newest gold mine; the Gualcamayo, where members of the Grosso Group participated in the original discovery in the late 90's. For more information, please visit our website at: www.grossogroup.com ON BEHALF OF THE BOARD "Joseph Grosso" Mr. Joseph Grosso, President & C.E.O. For further information please contact Joseph Grosso, President & CEO or our Corporate Communications department at 604-687-1828 or toll free 1-800-901-0058 or fax 604-687-1858. The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. 2009 Number 8 | |
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