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Deborah Friedman Joins Golden Minerals’ Board of Directors

Management Changes

Deborah Friedman Joins Golden Minerals’ Board of Directors

GOLDEN, Colo.--(BUSINESS WIRE)--December 13, 2021--Golden Minerals Company

(“Golden Minerals” or the “Company”) (NYSE American: AUMN and TSX: AUMN)

announced today that Deborah Friedman has been appointed to serve on the Company’s board of

directors, effective December 9, 2021. She will serve as a member of the Audit Committee and

the Corporate Governance and Nominating Committee of the board of directors. Following Ms.

Friedman’s appointment, the board is comprised of eight directors, seven of whom are

independent as defined by the NYSE American.

Ms. Friedman is a retired partner currently serving as senior of counsel at Davis Graham and

Stubbs, LLP (“DGS”), a law firm based in Denver, Colorado, where her practice has focused

primarily on corporate finance, securities, corporate governance, and domestic and international

mergers and acquisitions matters for both publicly traded and privately held companies, with

specific expertise in the mining industry. She previously served as senior vice president, general

counsel and corporate secretary for Golden Minerals between 2009 and 2015 under an

arrangement whereby she split her time between Golden Minerals and DGS. From 2007 to 2009

Ms. Friedman served as senior vice president, general counsel and corporate secretary of Apex

Silver Mines Limited, predecessor to Golden Minerals. Prior to DGS she spent 16 years working

in varied positions in the legal departments of Cyprus Amax Minerals Company and AMAX

Gold Inc. She has served on the board of directors of Vista Gold (NYSE American: VGZ and

TSX: VGZ) since March 2019.

Ms. Friedman has received numerous accolades and recognition for her work, including being

featured in the International Who’s Who of Mining Lawyers by Law Business Research Ltd., and

The Best Lawyers in America©. Ms. Friedman holds a Bachelor of Arts Degree in History from

the University of Illinois and a Juris Doctor Degree from the University of Michigan Law

School.

Jeffrey Clevenger, Chairman of the Board of Directors for Golden Minerals, commented, “We

enthusiastically welcome Deborah back to the Golden Minerals team and feel fortunate to have

the benefit of her vast experience, notably as the Company moves forward into 2022 with the

benefit of Rodeo cash flow and the potential for additional cash flow from Velardeña.”

About Golden Minerals

Golden Minerals is a growing gold and silver producer based in Golden, Colorado. The

Company is primarily focused on producing gold and silver from its Rodeo Mine and advancing

its Velardeña Properties in Mexico and, through partner funded exploration, its El Quevar silver

property in Argentina, as well as acquiring and advancing selected mining properties in Mexico,

Nevada and Argentina.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the

Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as

amended, and applicable Canadian securities legislation, including statements regarding future

cash flows. These statements are subject to risks and uncertainties, including the overall impact

of the COVID-19 pandemic, fluctuations in silver and gold prices, and declines in general

economic conditions. Golden Minerals assumes no obligation to update this information.

Additional risks relating to Golden Minerals may be found in the periodic and current reports

filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K

for the year ended December 31, 2020.

For additional information please visit http://www.goldenminerals.com/

Contacts

Golden Minerals Company

Karen Winkler, Director of Investor Relations

(303) 839-5060

SOURCE: Golden Minerals Company