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May 2012 - Golden Arrow Resources Corporation

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Investment Highlights1% royalty on Yamana Gold Inc.’s GualcamayoGold Mine in Argentina Strong property portfolio in Argentina – over 30projects, most are 100 % owned with minimumfinancial commitments and 7 are at the drillreadystageOption agreement with Vale SA, the world’ssecond largest mining company by marketcapitalizationLeveraging treasury and exploration exposurethrough Joint Ventures55.2M shares outstandingStrong management team and board of directorswith history of discovery success4

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