Day: May 31, 2012

• New soil anomalies indicate gold potential over 650 meters of strike length at Santa Catarina gold project
• The Company is securing drill permits for the commencement of the first phase of drilling at Santa Catarina gold project
• A ground geophysical survey prior to initial drill testing is planned to assist in target definition

Cayden Resources Inc. is pleased to announce that it has received new trench assays from the La Magnetita prospect at its Morelos Sur Gold Project. Highlights include 24m of 1.65 g/t Au, 25m of 0.72 g/t Au, and 25m of 0.52 g/t Au. The intercepts are in the western part of the five km long soil anomaly (see NR dated May 16, 2012). To date, approximately one km of the anomaly has had extensive road and trench construction with the mineralized trenches occurring over a 700m strike length (please see www.caydenresources.com for a trench location map). An additional 363 trench samples are pending assay and will be released shortly. In addition, Cayden has also been constructing a detailed geologic map of the La Magnetita area and has begun drill pad construction. The Company expects to begin drilling at La Magnetita within a week’s time.

Golden Minerals Company is pleased to announce the sale of the Company’s 1% net smelter royalty interest in the Platosa property to Excellon Resources Inc. for US$2.4 million. The Platosa property, which is located north of Torreon, Mexico, is a silver, lead and zinc mine owned by Excellon. At current metal prices, the Company was realizing approximately $400,000 per year in royalty payments. Closing of the transaction is anticipated within thirty days with an effective date of June 1, 2012.

Minaurum Gold Inc. is pleased to report that Ocean Park Ventures Corp has released significant additional copper- silver intercepts from the third and fourth holes of their Phase 1 drilling program on Minaurum’s Adelita Project. (see Ocean Park news release dated May 31, 2012) Drill hole (CGDD12-012) cut 201.4 metres of 0.52% Copper from 27 to 228.4 metres downhole, including 69.3 m of 1.28% Copper; 0.36 g/t Gold and 32.6 g/t Silver.