Golden Minerals

[Picassa]

As previously reported in a Current Report on Form 8-K filed on January 13, 2010, on January 7, 2010 Golden Minerals
Company (the "Company") issued to MH Argentina S.A. warrants to acquire 300,000 shares of the Company's common stock
exercisable for three years at an exercise price of $15.00 per share (the "Common Stock Purchase Warrant").

Effective January 15,
2010, MH Argentina S.A. transferred the Common Stock Purchase Warrant to an affiliate, Hochschild Mining Holdings Limited.

On April 13, 2011, Hochschild Mining Holdings Limited exercised the Common Stock Purchase Warrant on a cashless
exercise basis as permitted by the Common Stock Purchase Warrant, which resulted in the issuance to Hochschild Mining Holdings
Limited of 104,889 shares of the Company's common stock on April 15, 2010.

Following the exercise of the Common Stock
Purchase Warrant, the Company has no remaining warrants outstanding.


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