Golden Minerals Drilling At Rodeo Gold-Silver Mine

GOLDEN, CO - Golden Minerals Company reported assay results from 25 recently completed reverse circulation (“RC”) drill holes at its Rodeo gold-silver mine located in Durango State, Mexico. The company has drilled 47 RC holes totaling 3,187m, focusing on resource expansion and exploration of several targets located adjacent to the open pit. The reverse circulation drilling was completed this month. Highlights from the initial RC holes include: RRC_021_018 returned 18m grading 2.3 g/t Au and 5 g/t Ag within 54m grading 1.0 g/t Au and 5 g/t Ag; RRC_021_020 returned 8m grading 2.4 g/t Au and 16 g/t Au within 26m grading 1.7 g/t Au and 12 g/t Ag; RRC_021_021 returned 24m grading 2.2 g/t Au and 18 g/t Ag within 56m grading 1.3 g/t Au and 17 g/t Ag; RRC_021_022 returned 8m grading 3.9 g/t Au and 5 g/t Ag within 56m grading 1.0 g/t Au and 4 g/t Ag; and RRC_021_025 returned 18m grading 2.9 g/t Au and 11 g/t Ag within 52m grading 1.3 g/t Au and 6 g/t Ag.

Drilling has intersected several wide zones of disseminated gold mineralization and has identified several additional high-grade zones that appear to be hosted in a series of silicified structures running parallel to the high-grade gold zones currently being exploited. The mineralization in these new zones is very similar to the material currently being mined and consists of highly silicified epithermal veins and breccias hosted in felsic volcanic rocks.

Warren Rehn, President and Chief Executive Officer, said, "The initial RC drill results are very positive. The gold-bearing intervals expand on the known zones of mill-grade gold mineralization to the south of the current pit and indicate that there is strong potential for Rodeo to host additional profitable tonnage, at current prices, to the south and west of the current pit.”