“All drill results remain consistent the with ramp-up expectations and position our mining operations at El Cubo to continue the current trajectory of delivering rising tonnage, grade, recoveries, and revenue from precious metals concentrate sales.”

“After an approximate 4-year drilling hiatus at Cervantes, our initial California zone drill results in 2022 have not disappointed. The first hole at California zone, where we are targeting potential open pit heap leachable gold mineralization, has returned strong grades over broad widths and has further expanded the gold mineralized zone, still open to the north.”

Capitan’s CEO, Alberto Orozco, stated: “I am particularly excited for the results of hole 21-JMRC-01, which confirm the continuity of high-grade silver mineralization from surface trenching. This high-grade zone has only been drill tested to shallow-depths, and remains open to expansion down-plunge.”

“This second set of drill results from Yoquivo continues to show high grades from the Pertenencia vein and the high-grade zone is open to the south,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals.

Alan Pangbourne, President & CEO, states: “We are very pleased to see that these 5 infill holes continue to support our belief that the intrusive continues to be materially higher grade than previously modeled and should have a very positive impact on the new block model, mine plan and PFS. We expect to complete this infill drilling program by the end of March.”