AMM Almaden Minerals Ltd New

Almaden Minerals Ltd. ("Almaden" or the "Company") (TSX:AMM) (NYSE MKT:AAU) is
pleased to announce that it has closed its previously announced non-brokered
private placement by the issuance of 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 allows the holder to purchase one common
share of the Company at a price of $2.00 per share until August 1, 2015. A
finder's fee of $107,400 in cash and finder's warrants to purchase up to 48,000
common shares at a price of $1.50 per common share until August 1, 2015 was paid
to Secutor Capital Management Corporation on a portion of the placement.


Duane Poliquin, Chairman of the Board of the Company, as to 21,299 Units, Joseph
Montgomery, a Director of the Company, as to 100,000 Units, Barry Smee, a
Director of the Company, as to 10,000 Units, and Ernesto Echavarria, a greater
than 10% shareholder of the Company, as to 334,000 Units, acquired Units under
the private placement. Such participation in the private placement is considered
to be a "related party transaction" as defined under Multilateral Instrument
61-101 ("MI 61-101"). The transaction is exempt from the formal valuation and
minority shareholder approval requirements of MI 61-101 as neither the fair
market value of the Units issued to, nor the consideration paid by, such persons
exceeds 25% of the Company's market capitalization.


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 grassroots 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 and continuation of the exploration and development
program 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 IS A MATTER OF RECORD ONLY, AND DOES NOT CONSTITUTE AN OFFER
OF THE SECURITIES DESCRIBED HEREIN. THE OFFERING IN QUESTION WAS NOT REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS, AND THE SECURITIES SOLD IN SUCH OFFERING 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
info@almadenminerals.com
www.almadenminerals.com

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