September 8, 2010
AMM :TSX, AAU : NYSE Amex
Almaden Minerals Ltd. announces brokered private placement
VANCOUVER, BRITISH COLUMBIA (September 8, 2010) – Almaden Minerals Ltd. (TSX: AMM)
(“Almaden”) announces that it has arranged for a brokered private placement with the intent of
raising $7,500,000 for ongoing exploration and development activities on Almaden’s Mexico
projects. The placement will consist of 3,000,000 common shares at $2.50 per Common Share
(the “Offering”) with a over allotment option of 15 % of the offering to cover over-allotment, if any.
A 7% cash commission is payable with respect to the Offering. Proceeds from the private
placement will be used for ongoing exploration and development of the Mexico projects, including
expanding drilling on its Ixtaca project, and for general working capital. The private placement is
subject to approval from the TSX Exchange and the NYSE/AMEX.
On Behalf of the Board of Directors
Morgan J. Poliquin, M.Sc., P.Eng.
President, CEO and Director
Almaden Minerals Ltd.
Neither the Toronto Stock Exchange (TSX) nor the NYSE AMEX have reviewed or accepted any responsibility for the adequacy or accuracy
of the contents of this news release which has been prepared by management. Statements contained in this news release that are not
historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward -
looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such
risks and uncertainties are detailed in the Company's filing with the Securities and Exchange Commission. 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 Litigati