Jan. 2010 pp to sentient of 844694shares @7.06

3 months later Mar.24 2010 closed public offering of 4,000,000 shares and pp to Sentient of 905064 sh. @ 8.50

Oct.22 2010 public offering of 5,853,281 @ 18.50 including a Sentient pp

http://www.goldenminerals.com/pdfs/annual%20reports/2010/GLDN-AR2010-AnnualReport_FINAL-web.pdf

Sentient is a development investor. Its ultimate objective is to participate directly in underlying metal, mineral or energy projects. However, it will take equity placements in listed companies that are the majority owners of an asset as part of its overall strategy. As a matter of policy, Sentient does not make hostile acquisitions. Sentient also invests in refinancing and expansion opportunities at existing operations that have the potential for further growth. Projects are expected to be low cost and profitable across the business cycle and offer commensurate returns for the risks involved. Sentient typically seeks potential high return projects with companies that have committed and talented management.