Golden Minerals Company (the "Company") held a special meeting of stockholders (the "Special Meeting") on January 19, 2016 in Golden, Colorado. Of the 52,743,972 shares of common stock outstanding and which were entitled to vote as of the record date of November 24, 2015, 27,257,082 shares (51.68%) were present or represented by proxy at the Special Meeting.

As previously announced, the Company closed on a $5.0 million, one-year convertible loan with its stockholder The Sentient Group on October 27, 2015. At the Special Meeting, the Company's stockholders approved the issuance of shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), upon the conversion of the Senior Secured Convertible Note in favor of The Sentient Group. The Sentient Group voted its shares of Common Stock pro rata in the same percentages as the shares held by all stockholders (except The Sentient Group) were voted. The results of the voting on the matter submitted to the stockholders were as follows:

1. Approval of the issuance of shares of the Company's Common Stock upon the conversion of a Senior Secured Convertible Note in favor of the Company's stockholder The Sentient Group.

Votes For Votes Against Abstentions 24,809,226 2,180,542 267,314