Golden Minerals Company is pleased to announce results from its recent drilling program conducted at the Velardena Properties located in the State of Durango, Mexico. Mining operations at Velardena were suspended in June 2013 in response to the decline in precious metals prices, and drilling and analysis have subsequently been conducted in support of creating a restart plan that would result in cash flow-positive operations. Since January 2014, the Company has drilled 37 underground core holes totaling approximately 8,000 meters. Several additional holes are being drilled to infill and confirm mineralized characteristics of the Terneras vein, one of the veins that would be mined if the Company recommences mining at the Velardena Properties.