“Vale Pays Cash to Golden Arrow to Obtain Projects in San Juan and Catamarca,” published in Mining Press (City of Buenos Aires) on 09/23/2011

Golden Arrow Resources Corporation announced that Vale S.A., through its subsidiary Vale Exploración Argentina S.A., made the option payment of USD 100,000 required by the agreement concerning the copper-gold-silver Mogote project in the Province of San Juan and the copper-molybdenum Purulla project in the Province of Catamarca, Argentina.