X0303 4 2010-04-09 0 0001025362 GOLDEN QUEEN MINING CO LTD GQM 0001008274 CLAY LANDON T C/O EAST HILL MANAGEMENT CO., LLC 10 MEMORIAL BLVD, SUITE 902 PROVIDENCE RI 02903 0 0 1 0 Common Stock 2010-04-09 5 G 0 E 4990474 0 D 695300 D Common Stock 2010-04-09 5 G 0 E 4990474 0 A 4990474 I By grantor retained annuity trust Common Stock 11361245 I By grantor retained annuity trust Common Stock 30777 I By corporation Common Stock 807250 I By corporation Common Stock 2351 I By spouse Common Stock 3462906 I By sons Common Stock 4797094 I By trusts On April 9, 2010, the reporting person transferred an aggregate of 4,990,474 shares of Common Stock of GQM into the Landon T. Clay 2010-2 Annuity Trust u/a April 9, 2010 (the "2010-2 GRAT") for the benefit of himself. The reporting person's son, Thomas M. Clay is the sole trustee under the 2010-2 GRAT. Thomas M. Clay is a director of the issuer. Represents shares held by the Landon T. Clay 2010-1 Annuity Trust u/a dated February 2, 2010. Represents 26,114 shares held by LTC Corp. and 4,663 shares held by LTC Pension and Profit Sharing Plan. Represents shares held by Arctic Coast Petroleums Ltd. ("Arctic Coast"). The reporting person owned 50% of the shares of Arctic Coast and transferred his interest in Arctic Coast on October 22, 2009 to the Clay Family 2009 Irrevocable Trust u/a dated April 14, 2009, the trustees of which are Thomas M. Clay and Harris Clay. The reporting person disclaims beneficial ownership of the shares held by Arctic Coast. Represents shares held by reporting person's spouse, Lavinia D. Clay. The reporting person disclaims beneficial ownership of the shares held by his spouse. Represents shares held by reporting person's four sons including 868,522 held by Thomas M. Clay, 868,524 shares held by Richard T. Clay, 862,930 shares held by Landon H. Clay, and 862,930 shares held by Cassius M.C. Clay. The reporting person disclaims beneficial ownership of the shares held by his sons. Represents shares held by various charitable annuity lead trusts of which the reporting person is the donor (the "Trusts"). Harris Clay is the trustee of the Trusts and each of the reporting person's sons has a remainder beneficial interest in the Trusts. The reporting person provides investment advisory services to the Trusts. The reporting person disclaims beneficial ownership of the shares held by the Trusts. /s/ Landon T. Clay 2010-04-19