NEWS RELEASE October 5, 2005
Trading Symbol: AMM – TSX
Almaden Minerals Ltd. Announces Private Placement Financing
Almaden Minerals Ltd. (the “Company”) announces that, subject to TSX acceptance, a Private
Placement of up to 3,500,000 Units at a price of $1.70 per Unit has been arranged through brokers.
Each Unit will consist of one common share and one Warrant entitling the holder to purchase for a period
of 2 years from the Closing one (1) additional common share at a price of $2.10 per share. The Warrants
will contain a provision whereunder if, during the term of any unexercised Warrant commencing 4 months
after the Closing, the common shares of the Company trade on any exchange for a period of 20
consecutive trading days at a price of $2.75 or greater the Company may, at its option and by notice in
writing to each holder, require the holder of the Warrant to exercise such Warrant failing which the
Warrant will be deemed to have expired.
A cash commission of 7% of the total gross proceeds realized from the placement of the Units is payable
together with non-transferable Brokers’ Warrants in a number equal to 10% of the Units placed. Each
Broker’s Warrant will entitle the holder to purchase, for a period of 2 years from the Closing, one (1)
common share at a price of $1.78 per share.
Proceeds of the financing will be used for continued exploration of the Company’s properties,
development of other projects and general corporate purposes.
The Placement is expected to close on or about October 28, 2005.
Under Canadian securities laws the securities, including any shares issued on the exercises of a Warrant
within 4 months of Closing, are subject to restrictions on alienation for a period of 4 months from Closing
and all certificates representing such securities shall bear a legend accordingly.
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or