Golden Arrow Options Third Project in Argentina

Rhea-AI Summary

Golden Arrow Resources (OTCQB:GARWF) has signed a definitive option agreement with Latin Metals Inc. for its Huachi copper-gold property in San Juan Province, Argentina. The agreement allows Latin Metals to acquire up to 100% interest in the 3,500-hectare property.

Under the agreement terms, Latin Metals can acquire an initial 75% interest by investing US$1 million in exploration and making US$1 million in cash payments over four years. Latin Metals can then acquire the remaining 25% interest for an additional US$2 million payment within 90 days. If not exercised, a joint venture will be formed with Latin Metals holding 75% and Golden Arrow 25%.

Positive

• Option agreement provides potential for US$3 million in total cash payments to Golden Arrow
• Agreement includes US$1 million in exploration expenditure commitments from Latin Metals
• Strategic partnership allows development of non-core asset while maintaining potential upside through JV or royalty
• Property is contiguous with Latin Metals' existing Esperanza copper-gold project, increasing development potential

Negative

• Development timeline is contingent on environmental permit approval
• Full value realization requires four years of milestone achievements
• Risk of dilution to 1% NSR royalty if ownership falls below 15% in potential JV scenario

TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, June 24, 2025 /PRNewswire/ - Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce that it has signed the definitive option agreement (the "Agreement") with Latin Metals Inc. ("Latin Metals") granting the option to acquire up to a 100% interest in the Company's Huachi property ("Huachi"). Huachi is a 3,500-hectare copper-gold property that is part of Golden Arrow's portfolio of over 120,000 hectares of prospective properties in Argentina. The Huachi project is located in San Juan Province and is immediately contiguous with Latin Metals' Esperanza copper-gold project.

Golden Arrow President & CEO Nikolaos Cacos commented, "This agreement marks the third strategic option agreement we have signed in recent years as part of our efforts to advance our non-core assets. Success on any of these projects is good for Golden Arrow and our shareholders. Huachi now joins our Mogote Copper-Gold project that is under option to Mogotes Metals as part of their Filo Sur project, and our Caballos Copper-Gold project that is under option to Hanaq Argentina S.A."

Definitive Option Terms

Latin Metals has the right to acquire an initial 75% interest in Huachi by completing US$1,000,000 in exploration expenditures and US$1,000,000 in cash payments to Golden Arrow over a four-year period. Upon earning the 75% interest, Latin Metals has a Top-Up Right to acquire the remaining 25% interest (for an aggregate 100% ownership) by paying US$2,000,000 in cash to Golden Arrow within 90 days (Table 1).

Should Latin Metals choose not to exercise the Top-Up Right, the parties will form a joint venture ("JV") with Latin Metals holding 75% and Golden Arrow 25%. Each party will fund its pro-rata share of future expenditures. A party diluting below 15% will have its interest converted to a 1% net smelter return ("NSR") royalty.

Work commitments and cash payments commence on the first anniversary of approval of the environmental permit (Declaración de Impacto Ambiental or "DIA"), approving the start of exploration activities including drilling (the "Commencement Date").

Table 1. Commercial Terms for the Huachi Property, San Juan Province

Anniversary Following the  Commencement Date	Work Commitment ($US)	Cash Payments ($US)	Vesting
First	$100,000	$100,000	-
Second	$150,000	$150,000	-
Third	$250,000	$250,000	-
Fourth	$500,000	$500,000	75 %
Top-Up Right	-	$2,000,000	25 %
Total	$1,000,000	$1,000,000	100 %

About Golden Arrow:

Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.

Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

For additional details please see the Company's website www.goldenarrowresources.com and its filings on www.sedarplus.ca.

ON BEHALF OF THE BOARD

          "Nikolaos Cacos"
______________________________
Mr. Nikolaos Cacos
President and CEO

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the terms of the Definitive Agreement, the exercise of the Option and the timing thereof; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with obtaining necessary regulatory approvals; risks associated with technical difficulties in connection with exploration and mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

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SOURCE Golden Arrow Resources Corporation

FAQ

What are the terms of Golden Arrow's (GARWF) Huachi property option agreement with Latin Metals?

Latin Metals can acquire 75% interest by spending US$1M in exploration and US$1M in cash payments over 4 years, with an option to acquire remaining 25% for US$2M within 90 days.

Where is Golden Arrow's (GARWF) Huachi property located and what is its size?

The Huachi property is a 3,500-hectare copper-gold property located in San Juan Province, Argentina, contiguous with Latin Metals' Esperanza copper-gold project.

What happens if Latin Metals doesn't exercise the full 100% option on Golden Arrow's Huachi property?

If Latin Metals doesn't exercise the Top-Up Right, a joint venture will be formed with Latin Metals holding 75% and Golden Arrow 25%. Parties diluting below 15% convert to a 1% NSR royalty.

How many option agreements does Golden Arrow (GARWF) now have for its Argentina properties?

This is Golden Arrow's third strategic option agreement, alongside the Mogote Copper-Gold project optioned to Mogotes Metals and the Caballos Copper-Gold project optioned to Hanaq Argentina S.A.