Golden Minerals Announces SEDAR Filing of PEA for Silver-Gold Project in Durango State

Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce the filing on SEDAR of a Preliminary Economic Assessment (“PEA”) and accompanying Technical Report for its Velardeña Properties, a silver-gold project located in Durango State, Mexico. The report, entitled “Preliminary Economic Assessment NI 43-101 Technical Report of the Velardeña Project, Durango State, Mexico” is dated May 8, 2020 and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of Tetra Tech.

The Technical Report is available for review on SEDAR (www.sedar.com) and on the Company’s website at https://www.goldenminerals.com/projects/technical-reports/

Qualified Persons

The Report was prepared by the following Qualified Persons as defined by NI 43-101.

• Mr. Guillermo Dante Ramírez-Rodríguez, PhD, MMSAQP, Principal Mining Engineer of Tetra Tech
• Mr. Leonel López, C.P.G., Associate Principal Geologist of Tetra Tech
• Mr. Randolph P. Schneider, QP, Associate Metallurgical Engineer of Tetra Tech
• Ms. Kira Lyn Johnson, MMSAQP, Senior Geological Engineer of Tetra Tech

The contents of this press release have been reviewed and approved by Mr. Warren Rehn, QP MMSA, President and Chief Executive Officer of Golden Minerals Company.