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Wednesday, 11/02/2011 5:43:07 PM

Wednesday, November 02, 2011 5:43:07 PM

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Hello Mr. or Ms. XXXXXXXXXX,

We understand the desire for news flow. We have been working on many items since the ECU/Golden Minerals merger closed in September. As I'm sure you can appreciate, it is no small effort to combine companies and produce the first financials of the newly combined company.

It has always been Golden Minerals' policy to report news that is material and substantial. We expect news flow between now and the end of the year to include an updated resource estimate at both Velardena and El Quevar and results from drilling programs at Zacatecas (Mexico), Cochabamba (Peru), and Atlas (Argentina). We will also be providing an operational update for the many improvements were are currently making at Velardena.



We will be releasing third quarter financials in the next few weeks as well.

Best regards,

Golden Minerals Investor Relations

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