X0303 4 2010-05-27 0 0001011509 Golden Minerals Co AUMN 0001205289 PALMER TERRY M 350 INDIANA STREET SUITE 800 GOLDEN CO 80401 1 0 0 0 Restricted Stock Units 2010-05-27 4 A 0 4311 0 A Common Stock 4311 9311 D Stock Options (Right to Buy) 8.12 2010-05-27 4 A 0 3062 0 A 2020-05-27 Common Stock 3062 3062 D Each Restricted Stock Unit represents a contingent right to receive one share of Golden Minerals Company common stock. The restricted Stock Units will vest after one year. Shares of common stock represented by vested Restricted Stock Units will be issued to the reporting person effective on the date on which the reporting person ceases to be a member of the Board of Directors of Golden Minerals Company. These options vest in three equal tranches on the first, second and third anniversary of the grant date. /s/Deborah J. Friedman for Terry M. Palmer Pursuant to Power of Attorney 2010-06-07