Golden Arrow Resources Announces US$25 Million Sale of 75% Owned Copper Assets at San Pietro Project; Secures Capital and Retains 9,000 ha of High-Potential Gold Targets

About this update from Golden Arrow Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 23, 2026) - Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) ("Golden Arrow" or the "Company") is pleased to announce an arm's length definitive agreement dated June 22, 2026 (the "Agreement") for the sale of a portion of the concessions comprising the San Pietro Copper-Gold-Iron Cobalt project located in the Atacama region of Chile (the "San Pietro Project") to Capstone Copper Corp. ("Capstone") and a wholly-owned subsidiary of Capstone, for aggregate consideration equal to US$25,000,000 in shares of Capstone (the "Consideration Shares") (collectively, the "Transaction"). The 73 concessions to be acquired by Capstone are currently owned by New Golden Exploration Chile SpA (the "NGE"), a joint venture indirectly owned by Golden Arrow (75.019%) and its joint venture partner, Sociedad de Servicios Andinos SPA ("SSA") (24.981%). The Transaction delivers significant value to Golden Arrow shareholders while better positioning the Company to focus on its highest-potential gold opportunities. Under the terms of the Agreement, Golden Arrow and SSA will divest approximately 16,555 hectares, which is roughly two-thirds of the San Pietro Project's land package and comprises the copper-focused Rincones and Colla deposits and related targets that have been advanced by the Company since it acquired the project in late 2023 (the "Copper Assets"). In return, NGE will receive an aggregate of US$25 million of Consideration Shares, less the Advisory Fee Shares (as defined below), providing immediate, liquid capital through its position in a major, diversified copper producer. Golden Arrow and SSA will retain ownership of over 9,000 hectares of the San Pietro concessions, including a number of prospective gold targets identified by the Company's exploration team over the past year. Proceeds from this Transaction are expected to fund an expanded exploration program on these retained gold targets, which management believes represents a meaningful opportunity in the current gold market environment. Key advantages of the Transaction include: US$25 million transaction value: NGE will receive the equivalent of US$25,000,000 in freely tradeable shares of Capstone (TSX: CS) (ASX: CSC), less the Advisory Fee Shares. After deducting transaction costs, and taxes payable (together estimated to be approximately $...

View stock analysis, news, and events for Golden Arrow Resources Corp.