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Providing coverage of Alaska and northern Canada's oil and gas industry
November 2009

Vol. 14, No. 44 Week of November 01, 2009

Mining Explorers 2009: Almaden Minerals Ltd.

AMM: TSX; AAU: AMEX

Chairman: Duane Poliquin

President and COO: Morgan Poliquin

Organized in 2002, Almaden is one of the few companies specializing in the generation of new mineral properties, particularly gold, silver and copper with world-class potential in the western half of North America. By courting joint ventures and maintaining a large portfolio of properties, Almaden retains interests in a larger number of properties than would be economically feasible otherwise. And by building such partnerships, Almaden significantly reduces the risk and cost of exploration, while exposing its shareholders to enhanced opportunities for wealth creation resulting from discoveries. The junior holds a particularly large amount of stock in the companies with which it has entered joint ventures. Almaden has sold its MOR, Cabin Lake, Caribou, Meister, Tim and Goz projects, all situated in the Yukon Territory, and the Erika project in Mexico to Tarsis Capital Corp. in exchange for 3.5 million common shares of Tarsis.

The Lac de Gras area diamond project is situated at Mackay Lake in the Northwest Territories, immediately south of the Diavik diamond mine and west of the DHK property. Almaden has a net 63.3 percent interest in this diamond property through its ownership of shares in ATW Resources Ltd. During 2008, Almaden completed a till sampling program with encouraging results. A kimberlite indicator mineral plume was traced to what is believed to be its source. Electron microprobe analysis of some KIMs indicated the possibility of five separate sources of these minerals clustered in an area of about two kilometers by eight hundred meters. A review of previous geophysical anomalies was completed to select drilling targets. A diamond drill program in March tested nine targets, none of which were kimberlite. Almaden said it would review other methods of isolating the source of the KIMs this summer. Future exploration will include an examination of KIM grain morphology and the completion of additional sonic overburden drilling, gravity geophysical and bathymetric surveys, if warranted, in an effort to further refine the “up-ice” terminus of the KIM dispersion train and locate the KIM source or sources, the junior said.

Cash and short-term deposits: C$11,570,743 (at June 30, 2009)

Working capital: C$12,629,904 (at June 30, 2009)

Market Capitalization: C$37.98 million

750 West Pender St.

Suite 1103

Vancouver, British Columbia

V6C 2T8

Tel: 604-689-7644

Fax: 604-689-7645

www.almadenminerals.com






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