Golden Arrow Resources Corp

Published : November 26th, 2009

Planned Spin-Out Transaction

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Keywords :   Copper | Gold | Peru | Recovery | Silver |
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      Golden Arrow Announces Planned Spin-Out Transaction
=======================================================================

Golden Arrow Resources Corporation (GRG - TSX.V) ("Golden Arrow" or the
"Company") is pleased to announce that it intends to complete a
spin-out of its Peruvian and Colombian mineral assets to a new company
("Newco") under a statutory plan of arrangement (the "Arrangement").

The recently acquired four properties in Peru, in addition to the
previously owned Rio Tabaconas project, will constitute a very
important shareholder asset which because of its distinct geographical
Peruvian location will be best developed by a newly created public
company. This strategy will make it possible for Newco to focus on an
aggressive exploration campaign on two already successfully drilled
properties: Rio Tabaconas gold project and Cocha high-grade
copper-silver discovery. Drill results on Rio Tabaconas includes 18g/t
gold over 16 metres (news release dated October 17, 2001); and,
drilling on Cocha includes 3.6% copper and 37.9g/t silver over 38
metres (Panthera Exploration news release dated January 11, 2008). The
other three ideally located, but earlier stage properties, will be
advanced though a series of surface work programs.

Newco will utilize the existing offices and network in Lima, Peru which
were part of the acquisition and can fully accommodate a geological
technical activity. This exciting corporate restructure will have an
excellent opportunity focus on new discoveries.

Following the completion of the Arrangement, Golden Arrow will retain
its Argentinean mineral assets and its royalty interest in Yamana Gold
Inc.'s Gualcamayo property (the "Gualcamayo Royalty) and Newco will
apply to be listed on the TSX Venture Exchange (the "TSX-V").  As
management believes that the Company's share valuation is primarily
driven by the Company's Argentinean properties and the Gualcamayo
Royalty, management determined that it could maximize shareholder value
by spinning out the Company's Peruvian and Colombian properties into a
separate publicly listed company that could focus on the development of
those properties.

Further details regarding the Arrangement will be set out in an
information circular that will be sent to Shareholders and
Warrantholders in advance of the special meeting of the Shareholders
and Warrantholders that is planned to be held on December 23, 2009 to
seek approval for the proposed Arrangement and other matters related
thereto.

Plan of Arrangement

Under the proposed terms of the Arrangement, the holders (the
"Shareholders") of common shares of Golden Arrow ("Golden Arrow
Shares") will receive one common share of Newco (a "Newco Share") for
each ten Golden Arrow Shares held at the effective date of the
Arrangement (the "Effective Date").  The holders (the "Warrantholders")
of common share purchase warrants of Golden Arrow ("Golden Arrow
Warrants") will receive one common share purchase warrant of Newco (a
"Newco Warrant") for each ten Golden Arrow Warrants held at the
Effective Date.  At the Effective date, the exercise price of
outstanding Golden Arrow Warrants will be reduced by 10%.  The exercise
price of each Newco Warrant will be equal to the pre-adjustment
exercise price of the Golden Arrow Warrants in respect of which the
Newco Warrant was distributed.  The completion of the Arrangement will
be subject, among other things, to the approval of the TSX-V, the
Supreme Court of British Columbia and the Shareholders and
Warrantholders. The management and directors of Newco will be identical
to the management and directors of Golden Arrow.

The Newco Shares and the Newco Warrants have not been and will not be
registered under the United States Securities Act of 1933, as amended,
or the securities laws of any state, and will be issued pursuant to
applicable exemptions from such registration requirements.

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.

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.

=======================================================================
Copyright (c) 2009 GOLDEN ARROW RESOURCES CORPORATION (GRG)  All rights
reserved.  For more information visit our website at
http://www.goldenarrowresources.com/ or send
mailto:info@goldenarrowresources.com
=======================================================================
.
Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Golden Arrow Resources Corp

EXPLORATION STAGE
CODE : GRG.V
ISIN : CA3808001026
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Golden Arrow Resources is a gold exploration company based in Canada.

Golden Arrow Resources holds various exploration projects in Argentina.

Its main exploration properties are GUALCAMAYO (GOLDEN ARROW), PENASCUDO (GOLDEN ARROW), COSTA (GOLDEN ARROW), VICTORIA AND LAS BAYAS, VARITAS, POTRENILLOS, PONCHA, VALLE DEL CURA, MOGOTES, SAN JOSE (GOLDEN ARROW) and ANTIGUYO in Argentina and RIO TABACONAS in Peru.

Golden Arrow Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.9 millions as of today (US$ 2.9 millions, € 2.6 millions).

Its stock quote reached its highest recent level on April 05, 2007 at CA$ 1.50, and its lowest recent point on September 09, 2024 at CA$ 0.04.

Golden Arrow Resources has 97 280 000 shares outstanding.

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Annual reports of Golden Arrow Resources Corp
2008 Annual Report
2007 Annual report
Financings of Golden Arrow Resources Corp
12/30/2009Private Placement
Nominations of Golden Arrow Resources Corp
6/28/2012Appoints New Board Member to Launch New Growth Phase
5/11/2010Appoints Chief Financial Officer And Corporate Secretary
Project news of Golden Arrow Resources Corp
1/21/2014Files PEA for the Chinchillas Silver Project
7/24/2013Triples Size of Chinchillas Silver Project
11/12/2012Closes Sale of 1% NSR on Gualcamayo Gold Mine in a Transacti...
11/6/2012Signs 6500m Drilling Contract for Chinchillas Silver Project...
7/10/2012Red Cloud Mining Capital Congratulates Golden Arrow Resource...
7/5/2012Intersects Silver-Zinc Mineralization in Three New Zones at ...
6/20/2012Jay Taylor Reports on Golden Arrow Resources Corp. (TSX-V:GR...
6/20/2012Intersects 77m of 155 g/t Silver Equivalent at Chinchillas P...
2/7/2012Receives Quarterly Royalty Payment from Yamana's Gualcamayo ...
1/30/2012Stakes Additional Property in Emerging Caballos District, Ar...
12/5/2011Extends High-Grade Porphyry Copper-Gold Mineralization at Ca...
9/8/2011Discovers High-Grade Porphyry Copper Style Mineralization in...
8/3/2011Options Advanced-Stage Chinchillas Silver Project, Jujuy Arg...
6/1/2011Makes New Copper- Gold Discovery in La Rioja Province, Argen...
5/27/2011(Potrenillos)Reports Potrerillos Project Drill Results and End of Season ...
3/21/2011Reports Additional Results from Gold-Silver Zone at Potreril...
11/6/2009(Gualcamayo (golden Arrow))Options Purulla Porphyry Cu-Mo Project and Receives Royalty ...
Corporate news of Golden Arrow Resources Corp
7/29/2016Golden Arrow Closes Private Placement
7/14/2016Golden Arrow Increases Private Placement to $6,765,000
7/13/2016Golden Arrow Announces Private Placement
7/11/2016Golden Arrow's Strategy in a Re-Emerging Mining Market
5/27/2016Golden Arrow files NI 43-101 Technical Report for Chinchilla...
5/25/2016Golden Arrow Initiates Next Phase of Drilling in Pre-Develop...
5/19/2016Golden Arrow Closes Private Placement
5/11/2016Golden Arrow Announces Acceleration of Expiry Date for Outst...
4/28/2016Grant of Stock Options - AMENDED
4/28/2016Grant of Stock Options
4/26/2016Golden Arrow Increases Non-Brokered Private Placement
4/20/2016Golden Arrow Announces Non-Brokered Private Placement; Engag...
3/30/2016Golden Arrow Reports Final Phase V Drill Results at Chinchil...
3/23/2016Golden Arrow Congratulates Argentina on Visit by US Presiden...
1/20/2016Golden Arrow Reports Additional Drill Results at Chinchillas...
12/16/2015Golden Arrow Announces Shareholder Approval Of Arrangement W...
12/16/2015Golden Arrow Reports Drilling Ahead of Schedule at Chinchill...
12/2/2015Golden Arrow Reports Drill Results from Chinchillas Silver D...
11/2/2015Golden Arrow Files Amended Technical Report
10/22/2015Golden Arrow Completes Private Placement
10/1/2015Silver Standard Plans Up to US$12.6M to Advance to Feasibili...
10/1/2015Silver Standard Signs Agreement with Golden Arrow for Chinch...
9/15/2015Amended: Golden Arrow files Updated Mineral Resource Estimat...
9/15/2015Golden Arrow files Updated Mineral Resource Estimate NI 43-1...
9/15/2015Golden Arrow files Preliminary Economic Assessment NI 43-101...
7/31/2015Golden Arrow Announces Significant Resource Increase at Chin...
7/29/2015Golden Arrow Announces Results of Annual General Meeting
7/28/2015Golden Arrow Completes Option Payments for Chinchillas Silve...
7/9/2015Golden Arrow Announces Completion of Private Placement at $1...
7/9/2015Golden Arrow Reports 7 metres of 653 g/t Silver Equivalent a...
4/17/2015Golden Arrow Comments on Recent Trading Activity
4/15/2015Golden Arrow Reports 107 metres averaging 89 g/t silver equi...
4/1/2015Golden Arrow Reports Additional Drill Results, Continues to ...
3/17/2015Golden Arrow Reports Additional Drill Results, Discovers New...
2/24/2015Golden Arrow Reports Issuance of Shares for Services and Com...
2/17/2015Golden Arrow Files Amended Technical Report
1/30/2015Golden Arrow Closes US$537,000 Non-Brokered Private Placemen...
1/23/2015Golden Arrow Announces Approval of Shares for Services at $1...
1/23/2015Golden Arrow Announces Non-Brokered Private Placement at $1....
1/19/2015Golden Arrow's Chinchillas Project, Argentina One of Biggest...
1/6/2015Golden Arrow Reports Phase IV Drill results from Chinchillas...
12/22/2014Golden Arrow Closes First Tranche of Non-Brokered Private Pl...
12/15/2014Golden Arrow Announces $1.0M Non-Brokered Private Placement
12/3/2014Golden Arrow files Preliminary Economic Assessment NI 43-101...
11/18/2014Golden Arrow Secures Additional $2.9 Million for Drilling on...
10/30/2014Golden Arrow Announces Updated Preliminary Economic Assessme...
9/2/2014Golden Arrow Re-Releases Report of Substantial Increase in R...
4/24/2014Golden Arrow's Phase III Drilling Intercepts 54 m of 290 g/t...
12/5/2013Announces Positive Preliminary Economic Assessment for the C...
12/2/2013President Receives Award From Argentina Mining Industry
11/19/2013Announces Intention to Make a Normal Course Issuer Bid
6/25/2013Announces Results of Annual General Meeting
5/16/2013Engages Investor Relations Consultant
5/9/2013Reports First NI 43-101 Resource Estimate at Chinchillas Sil...
5/8/2013halted at 11:18 a.m. PT
4/20/2013Announces Social Media Presence
9/20/2012Announces Intentions Regarding the Dissent Notices
9/12/2012Announces Results of Annual General and Special Meeting
8/15/2012Announces Update on Annual General and Special Meeting
7/24/2012Completes Successful Drill Program at Chinchillas Silver Pro...
6/18/2012Confirms Porphyry System at Mogote
6/14/2012Announces Positive Initial Results for First Drill Holes at ...
3/26/2012from President
3/1/2012Defines Copper-Gold Target at Caballos Project
8/5/2011Retains Investor Relations Consultants
8/4/2011Receives Record Royalty Payment
6/22/2011Options Pescado Gold Project, Argentina to Coronation Resour...
4/11/2011Reports New High-Grade Silver-Copper Results from Potrerillo...
6/6/2010Identifies Gold-Silver Mineralization over 3km on Potrerillo...
5/13/2010Receives Royalty Payment
2/1/2010Receives Royalty Payment
12/2/2009Board of Directors Unanimously Approves Company Spin-Off
11/26/2009Planned Spin-Out Transaction
7/31/2009Closes Oversubscribed Financing
5/29/2009Correction
5/28/2009Royalty Cash Flow Begins
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