Golden Arrow Resources Corp. announced the following executive appointments effective February 26, 2013: Mr. Carlos H. Fernandez Mazzi as President and Chief Executive Officer; Mr. Joseph Grosso as Executive Chairman; and, Mr. Michael Iannacone as Chief Financial Officer and Corporate Secretary. Mr. Carlos Fernandez Mazzi's career spans over 30 years in international business and investment banking highlighted by his leadership as Chief Executive Officer of the Bolivian subsidiary of APEX Silver Mines.

Prior to joining Golden Arrow, Mr. Fernandez Mazzi was the President and CEO of Dicon Gold Inc. Mr. Joseph Grosso has been appointed as Executive Chairman of the company. He will work very closely with Mr. Fernandez to ensure a fluid transition. Mr. Michael Iannacone has been appointed Chief Financial Officer and Corporate Secretary replacing Mr. Bassam Moubarak who will remain with the company as a consultant to assist with the transition of the Chief Financial Officer and Corporate Secretary roles.