Golden Arrow Appoints New Director Ignacio Celorrio

Rhea-AI Summary

Golden Arrow (OTCQB:GARWF) appointed Ignacio Celorrio as a director effective April 23, 2026. Mr. Celorrio currently serves as President of Desarrollo de Recursos, a wholly owned Golden Arrow subsidiary, and is Executive Vice‑President of Legal, Government, and External Affairs at Lithium Argentina.

He brings over 25 years of experience in mining, energy and administrative law across Argentina, Canada and Australia, co‑chairs a leading Argentine mining law practice, and has participated in structuring the Cauchari Olaroz lithium project. Management says his legal and LATAM experience will support shareholder value creation.

AI-generated analysis. Not financial advice.

Positive

• Adds >25 years of regional mining and legal experience relevant to Latin America
• Director also serves as President of Desarrollo de Recursos, reinforcing Argentina operational link
• Experience on Cauchari Olaroz project provides lithium development and commissioning expertise

Negative

• Concurrent role as president of a wholly owned subsidiary may raise board independence considerations

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2026) - Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) ("Golden Arrow" or the "Company") announces the appointment of Ignacio Celorrio as a director of the Company. Mr. Celorrio serves as President of Desarrollo de Recursos S.A. a wholly owned subsidiary of the Company.

Ignacio Celorrio is a highly respected figure in the Latin Americas mining industry, currently serving as Executive Vice-President of Legal, Government, and External Affairs at Lithium Argentina. He also co-chairs the Martinez de Hoz/Rueda law firm mining department, one of the leading law firms in Argentina. With over 25 years of professional experience, Ignacio has established himself as a trusted legal advisor, specialising in mining law, administrative law, energy law, and corporate regulations. His career has spanned Argentina, Canada, and Australia, working closely with governments, NGOs, and private stakeholders to shape the future of mining and energy development. A former president of Lithium Americas' LATAM division, he has participated in the structuring, construction and commissioning of the Cauchari Olaroz project in Jujuy (Argentina), which as of 2026 is the largest lithium project in Argentina. Ignacio has been a Director of the Argentine Mining Chamber for more than fifteen years and a member of many other mining LATAM institutions. In addition to his extensive professional experience, he has a solid academic background from the Universidad Católica Argentina, the Universidad Austral and the Law School of the University of Buenos Aires.

Niko Cacos, Golden Arrow President & CEO stated, "On behalf of the Board of Directors, I am pleased to extend a warm welcome to Ignacio as Golden Arrow's newest board member. He has been an important part of the team in Argentina for many years, where his counsel has helped the Company successfully acquire and monetize assets. His extensive experience in the Latin America mining sector and strong legal and strategic background will continue to have an invaluable positive impact as we create new opportunities for shareholder value."

About Golden Arrow:

Golden Arrow 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.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

_______________________________
Mr. Nikolaos Cacos,
President and CEO

For further information, please contact:

Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@goldenarrowresources.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293898

FAQ

Who is Ignacio Celorrio and why did Golden Arrow (GARWF) appoint him on April 23, 2026?

He is a mining lawyer and executive with over 25 years of experience. According to the company, his legal, regulatory and LATAM mining background aims to strengthen governance and opportunity creation for shareholders.

What roles does Ignacio Celorrio hold while joining Golden Arrow's board (GARWF)?

He serves as President of Desarrollo de Recursos and Executive VP of Legal at Lithium Argentina. According to the company, he also co‑chairs a leading Argentine mining law department with extensive regional networks.

How might Ignacio Celorrio's experience with Cauchari Olaroz affect Golden Arrow (GARWF)?

His participation in structuring and commissioning Cauchari Olaroz adds lithium project development experience. According to the company, this expertise is relevant for advancing Golden Arrow's Argentina projects and commercial discussions.

Does Ignacio Celorrio's appointment change Golden Arrow's (GARWF) board composition or independence?

He joins the board while serving as president of a company subsidiary. According to the company, his operational role strengthens Argentina oversight, though it may prompt investor questions about director independence.

What is Ignacio Celorrio's academic and professional background noted by Golden Arrow (GARWF)?

He trained at Universidad Católica Argentina, Universidad Austral and the University of Buenos Aires law school. According to the company, he has worked across Argentina, Canada and Australia and served in LATAM mining institutions.