An anonymous director reports

GOLDEN MINERALS ANNOUNCES CHIEF FINANCIAL OFFICER RETIREMENT AND APPOINTS NEW CHIEF FINANCIAL OFFICER

Golden Minerals Company's senior vice-president and chief financial officer, Julie Weedman, will retire. Ms. Weedman's retirement, which has been expected for some time, will become effective on Aug. 15, 2024. Ms. Weedman will remain available to the company on a consulting basis after her retirement date.

Ms. Weedman joined Golden Minerals in early January, 2022.

Pablo Castanos, Golden's president and chief executive officer, noted: "Julie has been a valued member of the Golden Minerals executive team for over 2-1/2 years. During her time here, she has made significant contributions to the company, of which we are truly grateful. We thank her for her support and wish her all the best."

The company is pleased to announce that Joe Dwyer, Golden Minerals' corporate controller, will serve as chief financial officer of the company. Mr. Dwyer has served as the company's corporate controller since joining Golden Minerals in September, 2022. Previously, he served as vice-president and corporate controller at Karcher North America, director of business operations at Westmoreland Coal Company, and senior manager of financial process and controls at Cloud Peak Energy. Mr. Dwyer brings extensive experience with publicly held companies in corporate roles and as a manager within Deloitte's assurance practice.