An anonymous director reports

GOLDEN MINERALS ANNOUNCES NYSE AMERICAN NOTICE TO COMMENCE DELISTING AND INTENDED TRANSITION TO OTCQB MARKET

Golden Minerals Company has received notification from the NYSE American LLC that the exchange determined to commence proceedings to suspend and delist the company's common stock as a result of its determination that the company is no longer suitable for listing due to its non-compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide, which require the company to report stockholders' equity of $6.0-million or more if the company has reported losses from continuing operations and/or net losses in its five most recent fiscal years, as previously reported.

The company anticipates that the common stock will begin trading on the OTC Pink Market under the symbol AUMN at the open of business on Dec. 16, 2024. Shareholders do not need to take any action in connection with this transition. The company's stock will continue to be traded first on the NYSE American (New York Stock Exchange American) and immediately thereafter on the OTC Pink Market, and investors should be able to trade shares through their existing brokerage accounts.

The company is in the process of applying for quotation of its common stock on the OTCQB Venture Market. The transition of the company's common stock to the OTC markets will have no effect on the company's business or operations or its listing on the Toronto Stock Exchange, where it trades under ticker symbol AUMN.