August 2016

Clearing a Path to Production

GROSSO GROUP MEMBER COMPANY

Chinchillas Silver-Lead-Zinc Deposit

GOLDEN ARROW RESOURCES CORPORATION

Forward-Looking Statements
This Presentation contains forward-looking statements within the meaning of Canadian securities legislation. Such forward-looking statements concern the Companys anticipated results and
developments in the Companys operations in future periods, planned exploration and development of the Chinchillas project, plans related to its business and other matters that may occur in
the future. Statements concerning mineral resource estimates and the interpretation of drill results may also constitute forward-looking statements to the extent that they involve estimates of
the mineralization that will be encountered if the Chinchillas project is developed. These statements are based on a number of assumptions which may prove to be incorrect, including, but not
limited to, assumptions about the following: assumptions made in the Chinchillas Mineral Resource Estimate, including geological interpretation, grade, recovery rates, silver, zinc and lead price
assumptions and operating costs; the availability of financing for exploration and development activities, including Silver Standard Resources Inc. (SSRI) meeting certain milestones and exercising
its election to proceed with the transactions contemplated under the Business Combination Agreement dated September 30, 2015 among the Company, SSRI and certain other parties; the
Companys ability to attract and retain skilled staff; the Chinchillas project development schedule; the exchange rates of the Canadian dollar and United States dollar to the Argentina peso;
market competition; ongoing relations with impacted communities; and general business and economic conditions.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or
implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to the transactions contemplated by the Business
Combination Agreement; risks related to fluctuations in the currency markets (particularly the Argentinean peso, Canadian dollar and United States dollar); risks related to the inherently
dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the
Companys ability to raise financing and fund the development of the Chinchillas project, including as recommended in the Chinchillas Mineral Resource Estimate; uncertainty as to actual capital
costs, operating costs, production and economic returns, and uncertainty that development activities will result in a profitable mining operation at Chinchillas; risks related to mineral resource
figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or
grades of mineral resources as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to
environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to the Chinchillas project being subject to prior unregistered
agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global
economy; and risks related to the Chinchillas project being located in Argentina, including political, economic, social and regulatory instability. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Companys forward-looking
statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on
forward-looking statements.
The information provided in this is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other
disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed
the accuracy or adequacy of the information presented. The Company undertakes no obligation to publicly update or revise any forward-looking statements other than as required under
applicable law.
We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent
properties are not indicative of mineral deposits on our properties.
The contents of this presentation have been reviewed and approved Mr. Brian McEwen, P.Geol., VP Exploration and Development of the Company and a Qualified Person as defined in National
Instrument 43-101.

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

Corporate Overview & Strategy

Member company of The Grosso Group
Pioneers in Argentina since 1993
Multiple discoveries made in multiple provinces
Impeccable corporate citizenship
Golden Arrow Strategy:
Build value for investors by rapidly advancing the Chinchillas silver-lead-zinc project to
a production decision through a strategic partnership while leveraging the corporate
and exploration expertise of the Grosso Group to find a fourth significant deposit in
Argentina

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

Chinchillas Silver Project Overview

Located in mining-friendly Jujuy province, NW Argentina;
Good infrastructure
Strategic Partnership with Silver Standard (TSXSSO)
Working towards business combination with
Pirquitas Mine, ~ 30km away
US$12.6M program underway to evaluate combined
mining operation
Measured & Indicated Resource**:
155 Moz Silver Equivalent
(34.2 Mt @ 91 g/t Ag, 0.82% Pb, 0.57% Zn)
Inferred Resource**:
90 Moz Silver Equivalent
(39.2 Mt @ 42 g/t Ag , 0.44% Pb,0.76% Zn)

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

Proposed Business Combination with

Silver Standard (TSX: SSO, NASDAQ: SSRI)
Silver Standard operates the Pirquitas silver mine ~30km from Chinchillas
The two projects are to be combined into a 75% (SSO) 25% (GRG) mining joint
venture in Argentina, with SSO assuming the role of operator
Prior to the JV, a pre-development study period of up to 18 months:
v ~$3.5M spent by SSO in Q415, with an estimate of
$7.5M for 2016 for resource update, engineering and
metallurgical studies
v GRG will accrue a 25% interest in Pirquitas mines
cash equivalent earnings, less expenses, during the
Preliminary Period
v C$2M being paid to GRG in stages during the Period
Should the JV not proceed, Chinchillas will be at a
feasibility stage
See original news release dated October 1st, 2015
GRG.V

GOLDEN ARROW RESOURCES CORPORATION

Chinchillas Properties
100% owned by GRG
Additional payment of
$1.2 million due to
vendors upon the
commencement of
commercial production.
No royalties
>2000 hectares, largely
underexplored

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

NI 43-101 Resource Statement

**Mineral Resources for the Chinchillas Project, April 12th, 2016
by Rob Sim, P.Geo, Bruce Davis, FAusIMM, Brian McEwen P.Geol.
Type
Silver Mantos

Mtonnes

AgEq
(g/t)

3.6

149

Ag
Pb
(g/t)
(%)
Measured

Zn
(%)

AgEq
(Moz)

Ag
(Moz)

Pb
(Mlbs)

Zn
(Mlbs)

115

0.38

17

13

44

30

0.64
0.27
1.37
0.60

45
77
16
138

28
55
5
87

166
347
59
574

168
81
152
401

0.56

Indicated
Silver Mantos
Mantos Basement
Socavon
ALL

11.9
13.6
5.0
30.6

118
176
97
141

72
125
29
88

0.63
1.16
0.54
0.85

Measured and Indicated

Silver Mantos
Mantos Basement
Socavon

ALL

15.5
13.6
5.0

125
176
97

82
125
29

0.62
1.16
0.54

0.58
0.27
1.37

62
77
16

41
55
5

210
347
59

198
81
152

34.2

142

91

0.82

0.57

155

100

618

431

Inferred
Silver Mantos
Mantos Basement
Socavon
Socavon Basement

ALL

1.
2.
3.
4.
5.
6.

4.1
1.5
7.3
20.0

115
107
79
79

58
78
33
39

0.78
0.64
0.37
0.39

0.83
0.14
0.91
0.73

15
5
18
51

8
4
8
25

71
22
59
170

76
5
146
321

32.9

85

42

0.44

0.76

90

44

322

548

Totals may not add correctly due to rounding

Mineral resources are contained within a pit shell generated using a silver equivalent price of $25/oz.
Silver equivalent calculated using the formula: AgEq = Ag g/t + (Pb% 36.09) + (Zn% * 36.09)
Silver equivalent grades, and the base case cut-off grade of 45g/t AgEq, are based on metal prices of $19/oz silver and $1/lb for lead and zinc.
Recovery is assumed as 90% silver equivalent.
Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation,
sociopolitical, marketing, or other relevant issues.
7. The quantity and grade of reported Inferred resources are uncertain in nature and there has been insufficient exploration to classify these Inferred resources as Indicated or Measured, but it is reasonably expected
that a majority of the reported Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

Infrastructure
Two all-season access routes on
same road as Pirquitas,
approximately 30 km away
v Potential direct transport of ore to
Pirquitas mill by road or pipeline

Power to property with High

Voltage line 66 km away;
Access to water from local and
regional wells
Communications available

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

Attractive Potential Mining Scenario

Mineralization starts at
surface with flat-lying
geometry
Higher grade silver core in
Silver Mantos Zone

Silver Mantos

Mantos Basement

Potential for fast start-up

open pit mining and
shipping of material to
Pirquitas

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

Metallurgy
High recoveries of silver, lead & zinc (bench scale locked-cycle testing)
Standard flotation methods can create separate saleable concentrates: silverbearing lead, and zinc
Pre-feasibility program to evaluate processing of ore through Pirquitas mill
Summary of Overall Metallurgical Test Performance
Lead Concentrate

Comp_1 (BAS)

Comp_2 (MAN)

Comp_3 (SOC)

Lead

Silver

Lead

Silver

Lead

Silver

Recovery

96.3%

96.1%

97.5%

94.6%

97.0%

93.4%

Grade

69%

4.6 kg/t

62.2%

10.5 kg/t

66.0%

4.2 kg/t

Zinc Concentrate

Comp_1 (BAS)

Comp_2 (MAN - low zinc)

Comp_3 (SOC)

Zinc

Silver

Zinc

Silver

Zinc

Silver

Recovery

84.7%

3.4%

20.3%

2.3%

86.0%

4.9%

Grade

52%

307 g/t

3.15%

271 g/t

60.0%

133 g/t

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

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Exploration Potential
Multiple Targets Drilled and
Open for Expansion
Includes Chinchillas South: multiple
holes with long intervals of Ag in Zn
halo: Pirquitas-style
Good potential for new resources

Majority of the property remains

under explored
Future exploration will focus on
rapid building of new resources

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

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Exploration Potential
South Chinchillas Phase VI
CGA-308-104m-23 Ag g/t- 1.0 % Zn
CGA-311-151m-23 Ag g/t- 0.8 % Zn
with 3 m- 176 Ag g/t
CGA-318-83m-48 Ag g/t- 1.0 % Pb- 1.3 % Zn
with 2m- 376 Ag g/t-7.5 % Pb- 3.2 % Zn

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

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Antofalla Project - Overview

100% earn-in opportunity on 8,760 hectares, low initial commitments
Strong similarities to Chinchillas
Epithermal Silver-Gold-Base Metals in silicified/brecciated zones within
tuffs and dacites:
18 m @ 128 g/t Ag, 0.23 g/t Au, 0.88% Pb in historic drilling
14.9 m @ 271 g/t Ag, 1% Pb in GRG due diligence channel sampling

High-grade Gold-Silver structures in Sediments including:

2 m @ 9.2 Au g/t, 52 Ag g/t, 5 % Pb in historic trenches in Los Espaoles Vein

2016 work program US$200-500k to define drill targets

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

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Anticipated Growth
Clearing a Path to Production with a Recognized Mining Partner
US$12.6 pre-feasibility level program initiated to evaluate options for combining the Chinchillas
& Pirquitas operations
15,000 m Phase 5 drill program completed
Resource estimate updated
$7.5M program in 2016: Metallurgical, engineering, permitting and environmental studies
ongoing;
6,500 m Phase VI drill program and additional exploration work underway

Option decision expected Q416; Chinchillas could be production-ready in 2017

Exercise of option by Silver Standard will trigger immediate payments to GRG, formation of JV
company, and 25% participation of GRG in Pirquitas
Decline of option leaves Chinchillas at production-ready stage with no dilution to GRG
Continued Blue Sky from Exploration
Potential for more resources at Chinchillas project
Antofalla Project offers opportunity to define a 4th exceptional deposit
Additional new projects under evaluation
GRG.V

GOLDEN ARROW RESOURCES CORPORATION

14

Contact
Corporate Head-Office:
Suite 411, 837 W Hastings St
Vancouver, BC, Canada V6C 3N6
Telephone: 604 687 1828
Toll free: 1 800 901 0058
info@goldenarrowresources.com

www.goldenarrowresources.com

GRG.V

GOLDEN ARROW RESOURCES CORPORATION

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