Golden Arrow Confirms Near-Surface Gold Zone with Trench Results including 76.7m @ 1.01 g/t Au at Noemi Gold Target, San Pietro Project, Chile

The news release dated January 12, 2026, reports significant trenching results from the Noemi gold target at the flagship San Pietro Project in Chile. Key highlights include: - Trench 14: 76.7 metres averaging 1.01 g/t Au. - Trench 16: 38.7 metres averaging 1.44 g/t Au. - Trench 15: 73.4 metres averaging 0.87 g/t Au. These results confirm a near-surface gold-rich zone within the broader Iron-Oxide Copper-Gold (IOCG) system. The mineralization remains open for expansion, and management has indicated that these results will be used to plan a definitive drill program at Noemi.

The impact is Material - Positive for the following reasons: - Target Validation: The results transform Noemi from a conceptual rock-chip target into a legitimate near-surface gold discovery with substantial widths (up to 76.7m). - Economic Diversification: While San Pietro is primarily an IOCG project (Copper-Gold-Iron-Cobalt), a discrete, bulk-mineable gold zone could significantly improve the project's early-stage economics and pay-back profile. - Resource Growth Potential: These results are outside the current Inferred Mineral Resource (492 Mt @ 0.23% Cu) and suggest that the gold component of the project has been under-represented in previous regional modeling. - Timing: This news follows the November 2025 environmental approval for 80 new drilling platforms, meaning the company is legally cleared to move immediately from trenching to drilling.

Golden Arrow is an explorer focused on the San Pietro Project in the Atacama Region, Chile. The project covers 20,000 hectares and sits between Capstone Copper's Mantoverde mine and the Santo Domingo project. - Flagship: San Pietro (IOCG). - Current Resource: Inferred 492 million tonnes at 0.23% Cu, 0.05 g/t Au, 14.43% Fe, and 99 ppm Co. - Strategy: Identify and delineate high-grade "mantos" and breccias to upgrade the low-grade bulk resource.