GOLDEN MINERALS COMPANY - Key Persons

Job Titles:

• Director
• Member of the Audit Committee
• Member of the Board of Directors

Mr. Watkins has served as a director of our company since March 2009. He has over 45 years of experience in the mining industry, working as a senior executive with major mining companies as well as junior exploration and development companies. From 2011 to 2016, Mr. Watkins served as Chairman of Atna Resources Ltd., a company engaged in the exploration, development and production of gold properties. Mr. Watkins also served Atna as both Executive Chairman and Chief Executive Officer between 2000 and 2011. From 1993 to 1999, Mr. Watkins served as Senior Vice President, Exploration of Cyprus Amax Minerals Company, a producer of commodities including copper, gold, molybdenum, lithium and coal. Prior to Cyprus Amax, Mr. Watkins served as President of Minova Inc., a producer of precious metals and base metals from mining operations in Canada. Mr. Watkins currently serves on the boards of directors of a number of companies, including Euro Resources S.A. and Commander Resources Ltd. Mr. Watkins previously served on the boards of Rio Novo Gold Inc., Camino Minerals Corporation, Valley High Ventures, Maudore Minerals Ltd., Canplatts Inc., Bearing Resources and Landdrill International Inc. Mr. Watkins holds a B.A. in Geology from Queen's University at Kingston, and an M.S. in Geology from Carleton University, Ottawa, and is a graduate of the Executive Business Program of the University of Western Ontario. Mr. Watkins is a member of the Canadian Institute of Mining and Metallurgy, Geological Association of Canada, Geological Society of Nevada and Prospectors and Developers Association of Canada.

Job Titles:

• Director
• Member of the Audit Committee
• Member of the Board of Directors

Ms. Friedman has served as a director of our company since December 2021. She is a retired partner currently serving as senior of counsel at Davis Graham and Stubbs, LLP ("DGS"), a law firm based in Denver, Colorado, where her practice has focused primarily on corporate finance, securities, corporate governance, and domestic and international mergers and acquisitions matters for both publicly traded and privately held companies, with specific expertise in the mining industry. She previously served as senior vice president, general counsel and corporate secretary for Golden Minerals between 2009 and 2015 under an arrangement whereby she split her time between Golden Minerals and DGS. From 2007 to 2009 Ms. Friedman served as senior vice president, general counsel and corporate secretary of Apex Silver Mines Limited, predecessor to Golden Minerals. Prior to DGS she spent 16 years working in varied positions in the legal departments of Cyprus Amax Minerals Company and AMAX Gold Inc. She has served on the board of directors of Vista Gold (NYSE American: VGZ and TSX: VGZ) since March 2019. Ms. Friedman has received numerous accolades and recognition for her work, including being featured in the International Who's Who of Mining Lawyers by Law Business Research Ltd., and The Best Lawyers in America©. Ms. Friedman holds a Bachelor of Arts Degree in History from the University of Illinois and a Juris Doctor Degree from the University of Michigan Law School.

Job Titles:

• Chairman of the Board of Directors
• Member of the Audit Committee
• Chairman of Our Board

Mr. Clevenger has served as Chairman of our board since 2009. He also served as our President and Chief Executive Officer from 2009 until 2015. He has over 40 years of experience in the mining industry, with roles including senior level, technical and management positions at companies including Cyprus Amax Minerals Company, Cyprus Copper Company and Phelps Dodge Corporation. Mr. Clevenger is a member of the American Institute of Mining, Metallurgical and Petroleum Engineers and the Metallurgical Society of America. Mr. Clevenger holds a Bachelor of Science degree in Mining Engineering with Honors from the New Mexico Institute of Mining and Technology and is a graduate of the Advanced International Senior Management Program of Harvard University.

Job Titles:

• Chief Financial Officer
• Member of the Management Team
• Senior Vice President
• Vice President Finance

Ms. Weedman joined Golden Minerals in January 2022 as Vice President Finance, assuming the Senior Vice President and Chief Financial Officer role in April 2022. Prior to joining Golden Minerals, Ms. Weedman served as Vice President Finance of Aerospace Contacts LLC from March 2020 to January 2022. She previously served as controller for Cupric Canyon Capital LLC from March 2015 until December 2019 and as corporate controller of Mercator Minerals Ltd. from June 2012 to January 2015. Prior to joining Mercator, Ms. Weedman worked from 2006 to 2012 for Ducommun Corporation, serving in several capacities including site controller and group controller for its Ducommun Technologies division. She also spent 10 years at Phelps Dodge Corporation in various financial roles including assistant controller of Chino Mines Co. in Silver City, New Mexico. Ms. Weedman began her career in public accounting with Deloitte & Touche. She holds a B.S. in accountancy from Northern Arizona University.

Job Titles:

• Member of the Management Team
• Director of Investor Relations and Assistant Corporate Secretary

Ms. Winkler has been with Golden Minerals since 2011 and serves as the company's Director of Investor Relations. She has over 25 years of experience encompassing roles in investor relations, corporate financial & strategic planning, and fixed income derivatives origination, sales & structuring in London, New York and Denver (Colorado). Previous roles include Director of Financial Planning at Qwest Communications, Associate Director of Fixed Income Risk Management at both Union Bank of Switzerland and Bear, Stearns International in London, England, and Senior Financial Analyst and Investor Relations Associate at ProLogis in Denver. Ms. Winkler holds a Master of Business Administration in Finance and International Business from New York University's Stern School of Business. She is a member of the National Investor Relations Institute and a past officer of NIRI's Rocky Mountain chapter.

Job Titles:

• Chairman of the Audit Committee
• Chairman of the Compensation Committee
• Director
• Member of the Board of Directors

Mr. Morano has served as a director of our company since March 2009 and has over 35 years of experience in the mining industry. Mr. Morano has been Managing Principal of KEM Capital LLC, a private equity investment company and provider of management advisory services, since March 2007. Mr. Morano held various senior executive roles during a 21-year career at global copper mining company ASARCO Incorporated, including President and Chief Operating Officer, Executive Vice President and Chief Financial Officer. Other roles included Chief Financial Officer and subsequently Senior Vice President for Marketing and Business Development at Lumenis Ltd., and Chief Financial Officer of Exide Technologies. He currently serves as a director of Bear Creek Mining Company. Mr. Morano holds a Master of Business Administration degree from Rider University and a Bachelor of Science degree in Finance from Drexel University.

Job Titles:

• Executive Vice President
• Member of the Management Team

Mr. Castanos joined Golden Minerals as Executive Vice President in July 2023. Mr. Castanos has over 20 years of global and strategic leadership expertise, including 12 years in the mining industry, with past positions focusing on strategic planning, finance, compliance, sustainability, government affairs and risk management. From 2017 to 2023, he served as managing partner of Integra QRO Hold and Magnolia OneZero Investments, LLC, real estate development and construction companies located in Querétaro, Mexico and Austin, Texas, respectively. From 2013 to 2016, he worked at Goldcorp Inc. (now Newmont Corporation) in Vancouver, Canada, initially as director of environmental compliance and subsequently as vice president of corporate social responsibility. From 2009 to 2013, he worked at Golden Minerals, first as director and later vice president of corporate affairs. Between 2007 and 2009, he served as director of investor relations with Apex Silver Mines, and from 2004 to 2007 he served as corporate manager of Minera San Cristóbal, the largest silver, zinc and lead mine in Bolivia. Mr. Castanos holds a Master of Business Administration degree in finance, with honors, from Gabriela Mistral University in Santiago, Chile.

Job Titles:

• Chairman of Corporate Governance & Nominating Committee
• Chairman of the Audit Committee

Job Titles:

• Chairman of the Audit Committee
• Director
• Member of the Board of Directors

Mr. Palmer has served as a director of our company since March 2009. He has over 40 years of financial, management and accounting experience with a particular focus on the mining industry. Between 2003 and 2016, Mr. Palmer was a principal with and then served part-time at the CPA firm of Marrs, Sevier & Company LLC. Previously, he spent 36 years at Ernst & Young LLP where he rose from a staff position to partner and was responsible for both audit and advisory services to major international mining companies, as well as serving as the technical consulting partner for SEC-related business. He is a certified public accountant (retired) and a member of the American Institute and Colorado Society of Certified Public Accountants. Mr. Palmer holds a Master of Business Administration degree from the University of Denver and a Bachelor of Science degree in Business Administration from Drake University.

Job Titles:

• Chief Executive Officer
• Member of the Board of Directors
• Member of the Management Team
• President

Mr. Rehn was appointed President of Golden Minerals Company in May 2015 and appointed Chief Executive Officer and Director in September 2015. Mr. Rehn previously served as Senior Vice President, Exploration and Chief Geologist since December 2012 and Vice President, Exploration and Chief Geologist since February 2012. From 2007 until February 2012, Mr. Rehn held various positions at Barrick Gold Exploration, Inc., most recently as Chief Exploration Geologist for the Bald Mountain and Ruby Hill mining units. Mr. Rehn was a consulting geologist for Gerson Lehman Group, which provides consulting services to various industries including geology and mining, from 2005 until 2007, and also provided consulting services for Barrick in 2006 and 2007. Mr. Rehn served as a Consulting Senior Geologist at Placer Dome Exploration, Inc. in 2004 and as an independent consulting geologist throughout the Americas from 1994 until 2003. He held previous roles including Senior Geologist at Noranda Exploration, Inc. and Project Geologist and Senior Geologist for Gold Fields Mining Corp. Mr. Rehn holds a Master of Science degree in Geology from the Colorado School of Mines and a Bachelor of Science degree in Geological Engineering from the University of Idaho.