Golden Minerals Announces Significant Increase to Indicated Silver Resources for the El Quevar Project

Golden Minerals Company

is pleased to announce a Canadian National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate for the Yaxtché deposit at the Company's El Quevar project in the Salta Province of northwestern Argentina. The combined open pit and underground mineral resource set forth in the tables below contains an indicated resource of 7.1 million tonnes grading 141.3 grams per tonne (g/t) silver for a total of 32.0 million ounces of contained silver and an inferred resource of 6.2 million tonnes grading 152.3 g/t silver for a total of 30.2 million ounces of contained silver at variable cutoff grades. The total ounces of indicated resource increased by over 250% from the previous NI 43-101 resource estimate for the El Quevar project.