Mr. Morgan Poliquin reports

ALMADEN GENERATES BP CARLIN-TYPE PROJECT IN NEVADA

Almaden Minerals Ltd. has located 207 claims in Mineral county, Nevada, in an area identified during a helicopter-borne prospecting program in central Nevada. This prospecting program utilized geological models and Aster satellite imagery to target unrecognized Carlin-type mineralization. J.D. Poliquin, chairman of Almaden, commented: "Our prospecting and project-generation programs continue to yield results, and we are very excited about the acquisition of the BP project in Nevada. We look forward to following up this discovery with property scale work in the near future."

The claims cover an area of jasperoid and clay alteration developed in an exposed debris flow in lower plate rocks, the geologic succession that hosts many of the important gold deposits in northern Nevada. The alteration and host rocks are typical of that of major Carlin-type deposits in Nevada, and the prospect is located roughly 30 miles from the Carlin district along the Carlin trend. The prospect is located nearby good access but off roads, and no evidence of past work was noted in the area except for several small barite workings. No significant gold values were returned from the reconnaissance sampling; however, these rock samples did have anomalous trace elements typical of Carlin-type systems. Almaden intends to advance this new prospect with detailed surface sampling and mapping to define drill targets.

Morgan J. Poliquin, PhD, PEng, the president and chief executive officer of Almaden, and a qualified person under the meaning of National Instrument 43-101, reviewed the technical information in this news release. The analyses reported were carried out at ALS Chemex Laboratories of North Vancouver using industry standard aqua regia, ICP and fire assay techniques.