Golden Minerals Appoints Construction Manager for Velardena
Ticker Symbol: U:NYSE U:AUMN C:AUM

GOLDEN, CO -- (MARKET WIRE) -- 03/14/12

Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE Amex: AUMN) (TSX: AUM) is pleased to announce the appointment of Jan Dahlgren as Construction Manager for its wholly-owned subsidiary, Minera William, at the Velardeña Project in northeastern Durango State, Mexico. Mr. Dahlgren brings worldwide experience to the Golden team, having worked during his career for Bechtel, Aker Solutions, Hatch, SNC Lavelin and others. He has held senior construction positions with dozens of large projects including Toromocho, Pierina, Tintaya, Antamina and Yanacocha in Peru as well as Pelambres, El Abra and La Candelaria in Chile. Mr. Dahlgren will report to David Drips, Project Director for Mexico, as the team aggressively expands the Velardeña silver and gold operations.

David Drips said, "Jan is a first class professional and we are delighted that he has joined the Golden team. Jan will ensure that our projects are executed on a timely basis with the utmost cost and productivity efficiency."

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the ramp-up and expansion of existing production at the Velardeña and Chicago Mines in Mexico and advancement of the evaluation stage El Quevar project in Argentina.

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