Golden Arrow Completes Transaction to Form Joint Venture with Silver Standard for the Chinchillas Project

Golden Arrow Resources Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2017) - Golden Arrow Resources Corporation (TSX VENTURE:GRG)(FRANKFURT:GAC)(OTCQB:GARWF)("Golden Arrow" or the "Company") is pleased to announce that the Company has completed the transaction with Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI)("Silver Standard") and formed a joint venture called Puna Operations Inc. which combines the Chinchillas project with the producing Pirquitas operation. The joint venture is owned on a 75% / 25% basis by Silver Standard and Golden Arrow, respectively. Silver Standard will be the operator.