| December 30, 2009 Private Placement | |
| Golden Arrow Resources Corporation (GRG - TSX.V) ("Golden Arrow" or the "Company"), a Grosso Group member company, is pleased to announce a non-brokered private placement financing of 650,000 shares at a price of $0.33 cents per share, subject to regulatory approval. Directors, officers and employees of the Company will participate in some or all of the financing. The proceeds will be used to advance exploration on projects in South America and for general working capital. This financing is subject to regulatory approval and the placement securities will be issued subject to a four-month hold period. ON BEHALF OF THE BOARD "Joseph Grosso" Mr. Joseph Grosso, President & C.E.O. For further information please contact Joseph Grosso, President & CEO, or Corporate Communications at 1-800-901-0058. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or 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 | |
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