Almaden Minerals Ltd. Announces Upto $6.0 Million Non-Brokered Private Placement

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Almaden Minerals Ltd. ("Almaden" or the "Company") (TSX:AMM)(NYSE MKT:AAU)
announces that it is carrying out a non-brokered private placement of up to
4,000,000 units ("Units") at $1.50 per Unit. Each Unit consists of one common
share of the Company and one-half of one non-transferable common share purchase
warrant (each such whole share purchase warrant, a "Warrant"). Each Warrant will
allow the holder to purchase one common share of the Company at a price of $2.00
per share for 12 months. A finder's fee is to be paid on a portion of the
placement of 5% in cash and 3% in finder's warrants to purchase common shares of
the Company at a price of $1.50 per common share for 12 months. The private
placement, including payment of the finder's fee, is subject to regulatory
approval.


Almaden intends to use the proceeds of the private placement to advance its
Ixtaca deposit towards the completion of advanced engineering studies,
exploration and for general working capital.


About Almaden

Almaden is a well-financed mineral exploration company working in North America.
The Company has assembled mineral exploration projects, including the Ixtaca
deposit through its grass roots exploration efforts. Almaden's business model is
to provide shareholders with opportunities of capital gain by using its
technical expertise to find, acquire and develop mineral properties. The Company
intends to expand this business model, described by some as prospect generation,
by more aggressively exploring and developing several of its projects including
the Ixtaca deposit.


On Behalf of the Board of Directors

Morgan J. Poliquin, Ph.D., P.Eng., President, CEO and Director

Almaden Minerals Ltd.

Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have reviewed or
accepted responsibility for the adequacy or accuracy of the contents of this
news release which has been prepared by management. Except for the statements of
historical fact contained herein, certain information presented constitutes
"forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities laws. Such
forward-looking statements, including but not limited to, those with respect to
the intended use of proceeds involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievement of
Almaden to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to international operations and
joint ventures, the actual results of current exploration activities,
conclusions of economic evaluations, uncertainty in the estimation of mineral
resources, changes in project parameters as plans continue to be refined,
environmental risks and hazards, increased infrastructure and/or operating
costs, labour and employment matters, and government regulation and permitting
requirements as well as those factors discussed in the section entitled "Risk
Factors" in Almaden's Annual Information form and Almaden's latest Form 20-F on
file with the United States Securities and Exchange Commission in Washington,
D.C. Although Almaden has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in such statements.
Almaden disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, other than as required pursuant to applicable securities
laws. Accordingly, readers should not place undue reliance on forward-looking
statements.


THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT
FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE
EXEMPTION FROM REGISTRATION REQUIREMENTS.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Almaden Minerals Ltd.
604.689.7644
[e-mail]
www.almadenminerals.com