Drilling Stage Projects in Latin America



	Current Projects Project Pipeline Production Ramp-Up Stage Velardeña Regional Geology Vein Description Resources Milling Mining Mines Project Evaluation Stage Argentina El Quevar Location & Access Title & Ownership Rights Property History Exploration Activities Geology & Mineralization Drill Results / 43-101 Maps & Cross Sections Key Milestones Photo Gallery Advanced Exploration Stage Mexico Zacatecas Location & Access Title & Ownership Rights Property History Exploration Activities Geology & Mineralization Target Areas Adriana El Cristo Los Clarines Muleros Pánuco San Manuel - San Gil San Pedro de Hercules Drill Testing Stage Reconnaisance/Target Delineation Exploration Subsidiaries

PIPELINE PROJECTS – Advanced Exploration Stage Projects

Golden Minerals believes that the property listed below, while not as advanced as El Quevar, appears to be promising based on our activities to date. We intend to conduct further mapping, sampling and drilling on this property during 2011.

Golden Minerals has one project under the Advanced Exploration stage:

Mexico

Zacatecas

Mineralization:
Silver, Gold & Base Metals

• A World Class Silver District

• 30 Km of veins containing silver-gold mineralization

None of the properties have established proven or probable ore reserves.