X0303 4 2010-12-17 0 0001011509 Golden Minerals Co AUMN 0001461054 Blakestad Robert B. 350 INDIANA STREET, SUITE 800 GOLDEN CO 80401 0 1 0 0 Sr VP, Explor./Chief Geologist Common Stock 2010-12-17 4 A 0 13200 0 A 62739 D Award reflects (i) 10,000 shares of restricted common stock granted pursuant to the issuer's 2009 Equity Incentive Plan; and (ii) 3,200 shares of restricted common stock granted pursuant to the issuer's 2009 Equity Incentive Plan, which shares were issued in lieu of a portion of the executive's cash bonus award under the issuer's Incentive Bonus Plan. One-third of the awarded shares will vest on each of the first three anniversaries of the grant date, with the first tranche vesting on December 17, 2011. Includes a total of 45,200 shares of Common Stock granted pursuant to the issuer's 2009 Equity Incentive Plan which currently are subject to vesting restrictions. /s/ Deborah J. Friedman for Robert B. Blakestad Pursuant to Power of Attorney 2010-12-21