Golden Arrow provides drilling results

Golden Arrow Resources Corporation announce assay results from the 5-hole 1,553m reverse circulation (RC) drill program carried out in November-December 2007 on the Poncha Gold-Copper Project in San Juan, Argentina. The 5 holes tested geochemical-geophysical targets within the 2km by 2km South Target epithermal precious/base metal zone, completing the Phase II drill program started in April-May 2007.

Hole RCPC13, drilled in the northwest sector of the South Target, intersected breccia-stockwork hosted gold-silver-copper-lead-zinc mineralization over a 266m interval, between 129m and 395m depth, that included numerous high-grade gold intercepts and wider mineralized zones with highlights including:

- 266m @ 1.21 g/t gold and 3.30 g/t silver (129m – 395m) including,

- 34m @ 2.19 g/t gold and 4.31 g/t silver (129m – 163m) including,

- 9m @ 4.88 g/t gold and 8.43 g/t silver (142m – 151m)

- 61m @ 3.04 g/t gold and 7.16 g/t silver (270m – 331m) including,

- 4m @ 10.84 g/t gold and 7.93 g/t silver (281m – 285m) and,

- 8m @ 10.91 g/t gold and 24.00 g/t silver (305m – 313m)

This strong zone of polymetallic mineralization is spatially related to a prominent induced polarization (IP) chargeability anomaly and geologically occurs along a northwest-striking contact between porphyry intrusive rock and volcaniclastic breccias which remains open in all directions.

Golden Arrow is earning up to a 100% interest in the Poncha Project from Teck Cominco Limited’s subsidiary, Teck Cominco Argentina Ltd. (Teck Cominco) by fulfilling expenditure and tenure maintenance requirements subject to Teck Cominco’s option to re-earn up to a 65% interest in the Poncha property.

The Company is currently planning a drill program to systematically step-out from the RCPC13 discovery hole along the chargeability anomaly/porphyry contact in all directions to delineate the extent and tenor of the mineralized zone. This program will be executed either immediately before or after the Andean winter which usually extends from April to September.