GOLDENMINERALSPROVIDESINITIALRESULTSFROMRODEODRILLPROGRAM

GOLDEN,CO/PRNEWSWIRE/September1,2016GoldenMineralsCompany(GoldenMinerals,the
Company or we) (NYSE MKT: AUMN and TSX: AUM) is pleased to provide initial results from an
ongoingdrillingprogramattheRodeopropertyinDurangoState,Mexico.
ThepartialresultsfromourfirstroundofdrillingatRodeoshowagoldandsilverbearingepithermalvein
and breccia system with encouraging gold and silver values over an approximate 50 to 70 meter true
width.Thesystemisexposedatthetopofanorthwesterlystrikingridgeanddipssteeplytothenortheast.
Thiscouldprovidethepossibilityofopenpitminingifwediscoveradepositwithsufficienttonnageofan
appropriategradeandothercharacteristicstojustifymining.
InJune2016,theCompanybegana2,000metercoredrillingprogramattheRodeo1,900hectaregold
project located approximately 80 kilometers west of the Companys Velardena Properties. Results are
availablefromthefirstfiveholesofthe12holeprogram.
Thedrillholesreportedarespacedabout25metersapartalong100metersofthecrestofthemineralized
ridge.Thedrillholesareangleholesorientedatminus55degreestothesouthwestandcuttheveinand
brecciasystematanangleofapproximately50degrees.Previousworkhasshownthemineralizedsystem
tobeexposedatsurfaceoveraboutonekilometerofstrikelength.
Thetablebelowshowsforeachholeinformationregardingtheentiremineralizedintervalinthefirstline,
followedbythehighergradezoneorzonesforthatholeinthesecondandthirdlines.Holesfiveandsix
weredrilledfromthesamelocationasholesevenbutwereabandonedshortofcompletionduetodifficult
drillingconditions.

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GOLDEN MINERALS COMPANY
350 Indiana Street Suite 800 Golden, Colorado 80401 Telephone (303) 839-5060 Fax (303) 839-5907
4121013.1

DrillHole From(m)

To(m)

Width
(m)

True
Width
(m)

Au(g/t)

Ag(g/t)

RDO1601
RDO1601

12.6
32.9

89.4
43.4

68.2
10.5

50.7
7.8

0.46
1.18

13
9

RDO1602
RDO1602
RDO1602

11.8
20.5
53.3

112.5
41.1
65.0

100.5
20.4
11.7

74.7
15.1
8.7

0.63
1.18
1.66

20
8
59

RDO1603
RDO1603
RDO1603

20.8
34.9
52.1

116.0
39.8
71.0

93.1
4.9
18.9

69.2
3.7
14.1

0.44
1.63
0.62

16
18
33

RDO1604
RDO1604
RDO1604

18.1
18.1
84.8

100.0
56.3
100.0

78.9
38.2
15.2

58.6
28.4
11.3

0.69
1.06
0.61

19
12
40

RDO1607
RDO1607
RDO1607

9.8
9.8
14.9

91.0
50.9
25.0

81.2
41.1
20.1

52.2
26.4
12.9

0.78
1.30
2.58

15
10
7

DrillingcontinuesatRodeowithtwoadditionalholescompletedandresultspending.Anadditional1,200
meters are planned in five holes that would complete the initial program. The Company expects to
completedrillinginthefourthquarterof2016.Theprogramisestimatedtocostbetween$300,000and
$400,000USdollars.
TheCompanyholdstheRodeoclaimsunderacontractwithandsubjecttoatwopercentNetSmelter
ReturnroyaltyinterestpayabletoLaCuestaInternational.Minimumadvanceroyaltypaymentsofupto
$40,000annuallyarerequiredtocontinuewiththecontractuntilproductioncommences.
AboutGoldenMinerals
GoldenMineralsisaDelawarecorporationbasedinGolden,Colorado.TheCompanyisprimarilyfocused
on acquiring and advancing mining properties in Mexico with emphasis on areas near its Velardena
processingplants.

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GOLDEN MINERALS COMPANY
350 Indiana Street Suite 800 Golden, Colorado 80401 Telephone (303) 839-5060 Fax (303) 839-5907

ReviewbyQualifiedPersonandQualityControl
ThetechnicalcontentsofthispressreleasehavebeenreviewedbyWarrenM.Rehn,M.Sc.,aQualified
PersonforthepurposesofCanadianNationalInstrument43101.Mr.Rehnhasover33yearsofmineral
explorationexperienceandisaQPmemberoftheSocietyforMiningMetallurgyandExploration.
Toensurereliablesampleresults,GoldenMineralsusesaqualityassurance/qualitycontrolprogramthat
monitorsthechainofcustodyofsamplesandincludestheinsertionofblanks,duplicatesandreference
standardsineachbatchofsamples.Coreisphotographedandsawninhalfwithonehalfretainedina
securedfacilityforverificationpurposes.Samplepreparation(crushingandpulverizing)isperformedat
anindependentISO9001:2001certifiedlaboratoryinChihuahua,Mexico.Preparedsamplesaredirect
shippedtoanISO9001:2001certifiedlaboratoryinCanada.
ForwardLookingStatements
This press release contains forwardlooking statements within the meaning of Section 27A of the
SecuritiesActandSection21EoftheExchangeActandapplicableCanadiansecuritieslegislation,including
statements regarding the interpretation of initial drill results as showing a gold and silver bearing
epithermalveinandbrecciasystemandgoldandsilvervaluesthatareencouraging,whetheropenpit
miningispossibleifalargeenoughdepositwithhighenoughgradesisdiscoveredandplanneddrilling
programsandexpendituresattheRodeoprojectandthetimingthereof.Thesestatementsaresubject
to risks and uncertainties, including: unfavorable or less favorable than anticipated results from
explorationattheRodeoproperty,whetherwewillbeabletoadvancetheRodeoproperty;potential
delaysorexcesscostsinourdrillingattheRodeoprojectandevaluationofdrillresultsresultingfrom
environmental events or permitting delays or problems or other causes, accidents, problems with
contractors,disputesunderagreementsrelatedtoexplorationproperties,unanticipatedcostsandother
unexpected events; increases in costs and declines in general economic conditions; and changes in
political conditions, in tax, royalty, environmental and other laws in Mexico, and financial market
conditions.GoldenMineralsassumesnoobligationtoupdatethisinformation.Additionalrisksrelating
toGoldenMineralsmaybefoundintheperiodicandcurrentreportsfiledwiththeSecuritiesExchange
CommissionbyGoldenMinerals,includingtheCompanysAnnualReportonForm10Kfortheyearended
December31,2015.
Foradditionalinformationpleasevisithttp://www.goldenminerals.com/orcontact:
GoldenMineralsCompany
KarenWinkler
DirectorofInvestorRelations
(303)8395060

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GOLDEN MINERALS COMPANY
350 Indiana Street Suite 800 Golden, Colorado 80401 Telephone (303) 839-5060 Fax (303) 839-5907

Investor.relations@goldenminerals.com
SOURCE:GoldenMineralsCompany

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GOLDEN MINERALS COMPANY
350 Indiana Street Suite 800 Golden, Colorado 80401 Telephone (303) 839-5060 Fax (303) 839-5907