Almaden Completes Drilling for Maiden Resource, Hits 18.00

Almaden Completes Drilling for Maiden Resource, Hits 18.00 Meters of
6.6 g/t AuEq (6.36 g/t Au, 14.0 g/t Ag) on Northeast Extension 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- Almaden
Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
Amex:AAU)(NYSE MKT:AAU) is pleased to announce final drill results to
be included in the Company's maiden resource estimate. With the
results today 225 holes accounting for 81,971.03 meters of drilling,
all drilled since the discovery was made in 2010, will form the basis
of the resource estimate. The exploration drilling program at Ixtaca
is on-going. The results reported today demonstrate the continuity of
the known mineralisation as well as the presence of high grades
locally. Highlights from the holes released today include the
following intercepts (a more complete list of intercepts is shown in
the table below): 


 
Hole TU-12-196 NORTHEAST EXTENSION SECTION 499+30N:                         
               152.41 meters @ 0.46 g/t gold and 12.1 g/t silver (0.7 g/t   
               gold equivalent)                                             
Including      39.66 meters @ 1.21 g/t gold and 3.8 g/t silver (1.3 g/t gold
               equivalent)                                                  
And            10.50 meters @ 3.11 g/t gold and 5.1 g/t silver (3.2 g/t gold
               equivalent)                                                  
And            4.40 meters @ 1.87 g/t gold and 119.9 g/t silver (4.3 g/t    
               gold equivalent)                                             
                                                                            
Hole TU-12-208 NORTHEAST EXTENSION SECTION 499+30N:                         
               81.82 meters @ 0.44 g/t gold and 6.0 g/t silver (0.6 g/t gold
               equivalent)                                                  
               39.40 meters @ 1.45 g/t gold and 113.8 g/t silver (3.7 g/t   
               gold equivalent)                                             
Including      6.25 meters @ 8.44 g/t gold and 624.8 g/t silver (20.9 g/t   
               gold equivalent)                                             
                                                                            
Hole TU-12-211 MAIN IXTACA ZONE SECTION 10+375E:                            
               156.65 meters @ 0.59 g/t gold and 28.6 g/t silver (1.2 g/t   
               gold equivalent)                                             
Including      13.80 meters @ 0.97 g/t gold and 82.9 g/t silver (2.6 g/t    
               gold equivalent)                                             
                                                                            
Hole TU-12-212 IXTACA NORTH ZONE SECTION 10+525E:                           
               15.00 meters @ 0.59 g/t gold and 40.8 g/t silver (1.4 g/t    
               gold equivalent)                                             
               17.05 meters @ 2.27 g/t gold and 30.7 g/t silver (2.9 g/t    
               gold equivalent)                                             
                                                                            
Hole TU-12-214 IXTACA NORTH ZONE SECTION 10+925E:                           
               13.40 meters @ 0.45 g/t gold and 215.2 g/t silver (4.8 g/t   
               gold equivalent)                                             
Including      2.50 meters @ 0.90 g/t gold and 901.9 g/t silver (18.9 g/t   
               gold equivalent)                                             
               11.70 meters @ 0.20 g/t gold and 119.0 g/t silver (2.6 g/t   
               gold equivalent)                                             
                                                                            
Hole TU-12-217 IXTACA NORTH ZONE SECTION 10+525E:                           
               14.10 meters @ 1.27 g/t gold and 87.1 g/t silver (3.0 g/t    
               gold equivalent)                                             
               5.80 meters @ 1.08 g/t gold and 108.9 g/t silver (3.3 g/t    
               gold equivalent)                                             
                                                                            
Hole TU-12-219 IXTACA NORTH ZONE SECTION 10+950E:                           
               18.80 meters @ 2.27 g/t gold and 4.4 g/t silver (2.4 g/t gold
               equivalent)                                                  
                                                                            
Hole TU-12-221 NORTHEAST EXTENSION SECTION 500+00N:                         
               41.60 meters @ 0.68 g/t gold and 3.6 g/t silver (0.8 g/t gold
               equivalent)                                                  
               97.75 meters @ 1.49 g/t gold and 10.1 g/t silver (1.7 g/t    
               gold equivalent)                                             
Including      18.00 meters @ 6.36 g/t gold and 14.0 g/t silver (6.6 g/t    
               gold equivalent)                                             
And            10.75 meters @ 8.22 g/t gold and 13.8 g/t silver (8.5 g/t    
               gold equivalent)                                             
                                                                            
                                                                            
                                                                            
----------------------------------------------------------------------------
                From      To  Interval      Au      Ag   AuEq   AgEq        
Hole #           (m)     (m)       (m)   (g/t)   (g/t)  (g/t)  (g/t) SECTION
----------------------------------------------------------------------------
TU-12-184      90.00  104.00     14.00    0.43     6.2    0.5     27  10925E
----------------------------------------------------------------------------
TU-12-196      21.34  173.75    152.41    0.46    12.1    0.7     35  49930N
--------------------------------------------------------------------        
including      21.34   61.00     39.66    1.21     3.8    1.3     64        
--------------------------------------------------------------------        
including      25.00   35.50     10.50    3.11     5.1    3.2    160        
--------------------------------------------------------------------        
including     135.00  139.40      4.40    1.87   119.9    4.3    213        
--------------------------------------------------------------------        
TU-12-196     185.00  189.80      4.80    0.27    32.4    0.9     46        
--------------------------------------------------------------------        
TU-12-196     205.00  240.00     35.00    1.58    11.5    1.8     91        
--------------------------------------------------------------------        
including     216.35  217.35      1.00   49.15   123.5   51.6   2581        
--------------------------------------------------------------------        
TU-12-196     354.25  358.25      4.00    0.35     8.4    0.5     26        
----------------------------------------------------------------------------
TU-12-201      21.34   94.00     72.66    0.34    17.4    0.7     34  49930N
--------------------------------------------------------------------        
including      21.34   24.50      3.16    1.58     6.6    1.7     85        
--------------------------------------------------------------------        
including      86.00   91.75      5.75    0.16   169.9    3.6    178        
--------------------------------------------------------------------        
including      86.00   87.25      1.25    0.24   618.4   12.6    630        
--------------------------------------------------------------------        
TU-12-201     143.00  155.70     12.70    0.14    39.7    0.9     47        
--------------------------------------------------------------------        
TU-12-201     198.10  203.05      4.95    0.11     9.6    0.3     15        
--------------------------------------------------------------------        
TU-12-201     209.80  245.85     36.05    0.27    15.1    0.6     29        
--------------------------------------------------------------------        
including     209.80  212.30      2.50    2.65   134.9    5.4    268        
----------------------------------------------------------------------------
TU-12-202      26.50   66.50     40.00    0.35     1.4    0.4     19  10375E
--------------------------------------------------------------------        
including      26.50   38.00     11.50    0.78     0.5    0.8     39        
--------------------------------------------------------------------        
TU-12-202     137.10  172.50     35.40    0.62    12.3    0.9     43        
--------------------------------------------------------------------        
including     139.10  145.10      6.00    2.57    35.4    3.3    164        
--------------------------------------------------------------------        
TU-12-202     249.30  260.80     11.50    0.10    16.7    0.4     22        
----------------------------------------------------------------------------
TU-12-204      27.43   61.00     33.57    0.40     2.0    0.4     22  49930N
--------------------------------------------------------------------        
TU-12-204      95.00  102.60      7.60    0.17    16.5    0.5     25        
--------------------------------------------------------------------        
TU-12-204     184.70  191.70      7.00    0.07    34.6    0.8     38        
--------------------------------------------------------------------        
TU-12-204     258.35  270.80     12.45    0.13     9.7    0.3     16        
--------------------------------------------------------------------        
TU-12-204     368.90  418.80     49.90    0.24     7.9    0.4     20        
--------------------------------------------------------------------        
including     368.90  375.70      6.80    0.57    14.9    0.9     43        
--------------------------------------------------------------------        
TU-12-204     423.80  428.30      4.50    0.26     4.4    0.4     18        
----------------------------------------------------------------------------
TU-12-207     135.20  161.10     25.90    0.27    11.3    0.5     25  10375E
--------------------------------------------------------------------        
TU-12-207     171.10  181.00      9.90    0.14    26.4    0.7     33        
--------------------------------------------------------------------        
TU-12-207     210.00  211.70      1.70    1.70   216.7    6.0    302        
----------------------------------------------------------------------------
TU-12-208      24.38  106.20     81.82    0.44     6.0    0.6     28  49930N
--------------------------------------------------------------------        
including      24.38   36.10     11.72    1.04     7.8    1.2     60        
--------------------------------------------------------------------        
TU-12-208     120.60  160.00     39.40    1.45   113.8    3.7    186        
--------------------------------------------------------------------        
including     128.60  134.85      6.25    8.44   624.8   20.9   1047        
--------------------------------------------------------------------        
including     128.60  131.10      2.50   19.75  1203.8   43.8   2192        
--------------------------------------------------------------------        
TU-12-208     172.00  233.80     61.80    0.24    11.8    0.5     24        
--------------------------------------------------------------------        
including     229.50  232.00      2.50    2.07    30.8    2.7    134        
----------------------------------------------------------------------------
TU-12-210      51.82  109.80     57.98    0.28     5.1    0.4     19  10925E
--------------------------------------------------------------------        
TU-12-210     120.00  148.00     28.00    0.15    54.3    1.2     62        
--------------------------------------------------------------------        
including     122.00  134.00     12.00    0.22   114.7    2.5    126        
--------------------------------------------------------------------        
TU-12-210     155.50  166.50     11.00    0.07    34.4    0.8     38        
--------------------------------------------------------------------        
TU-12-210     198.50  200.50      2.00    0.12    79.8    1.7     86        
--------------------------------------------------------------------        
TU-12-210     215.50  234.85     19.35    0.18    16.6    0.5     26        
----------------------------------------------------------------------------
TU-12-211      31.20  187.85    156.65    0.59    28.6    1.2     58  10375E
--------------------------------------------------------------------        
including      70.70   84.50     13.80    0.97    82.9    2.6    131        
--------------------------------------------------------------------        
including      97.80  105.65      7.85    1.07    59.4    2.3    113        
--------------------------------------------------------------------        
including     129.85  142.40     12.55    1.38    53.3    2.4    122        
--------------------------------------------------------------------        
including     172.85  183.85     11.00    0.91    56.7    2.0    102        
----------------------------------------------------------------------------
TU-12-212      43.60   58.60     15.00    0.59    40.8    1.4     70  10525E
--------------------------------------------------------------------        
TU-12-212      67.70   84.75     17.05    2.27    30.7    2.9    144        
--------------------------------------------------------------------        
including      74.20   76.20      2.00   16.06    97.0   18.0    900        
--------------------------------------------------------------------        
TU-12-212      95.50  103.30      7.80    0.20    10.9    0.4     21        
--------------------------------------------------------------------        
TU-12-212     116.20  124.60      8.40    0.31    64.5    1.6     80        
----------------------------------------------------------------------------
TU-12-213       5.49   11.00      5.51    0.33     1.3    0.4     18  10950E
--------------------------------------------------------------------        
TU-12-213      16.00   26.82     10.82    0.32     1.3    0.3     17        
--------------------------------------------------------------------        
TU-12-213      50.50   83.50     33.00    0.56     4.3    0.6     32        
--------------------------------------------------------------------        
including      58.50   77.00     18.50    0.82     5.2    0.9     46        
--------------------------------------------------------------------        
TU-12-213     111.50  146.20     34.70    0.29     5.7    0.4     20        
----------------------------------------------------------------------------
TU-12-214      40.85  106.00     65.15    0.38     2.8    0.4     22  10925E
--------------------------------------------------------------------        
TU-12-214     181.10  201.70     20.60    0.13    31.3    0.8     38        
--------------------------------------------------------------------        
including     193.25  195.50      2.25    0.13   145.5    3.0    152        
--------------------------------------------------------------------        
TU-12-214     209.50  218.60      9.10    0.09    12.6    0.3     17        
--------------------------------------------------------------------        
TU-12-214     228.50  307.50     79.00    0.20    70.5    1.6     81        
--------------------------------------------------------------------        
including     249.00  277.00     28.00    0.33   126.6    2.9    143        
--------------------------------------------------------------------        
including     261.60  275.00     13.40    0.45   215.2    4.8    238        
--------------------------------------------------------------------        
including     269.50  272.00      2.50    0.90   901.9   18.9    947        
--------------------------------------------------------------------        
including     286.50  298.20     11.70    0.20   119.0    2.6    129        
--------------------------------------------------------------------        
including     293.60  297.60      4.00    0.30   263.0    5.6    278        
--------------------------------------------------------------------        
including     301.50  305.00      3.50    0.29    74.2    1.8     89        
----------------------------------------------------------------------------
TU-12-215      70.30  111.60     41.30    0.54     3.8    0.6     31  50000N
--------------------------------------------------------------------        
TU-12-215     153.70  166.50     12.80    0.10     7.5    0.2     12        
--------------------------------------------------------------------        
TU-12-215     473.50  491.30     17.80    0.69    36.1    1.4     71        
--------------------------------------------------------------------        
including     476.50  488.30     11.80    0.92    50.3    1.9     96        
--------------------------------------------------------------------        
TU-12-215     509.45  554.15     44.70    0.26    12.4    0.5     26        
----------------------------------------------------------------------------
TU-12-217      43.90   58.00     14.10    1.27    87.1    3.0    151  10525E
--------------------------------------------------------------------        
including      49.20   49.70      0.50   34.20  2050.0   75.2   3760        
--------------------------------------------------------------------        
TU-12-217      64.00  112.10     48.10    0.08     9.5    0.3     14        
--------------------------------------------------------------------        
including     105.70  107.30      1.60    0.84    43.3    1.7     85        
--------------------------------------------------------------------        
TU-12-217     132.70  161.65     28.95    0.37    33.7    1.0     52        
--------------------------------------------------------------------        
including     142.00  147.80      5.80    1.08   108.9    3.3    163        
----------------------------------------------------------------------------
TU-12-218      39.01   91.00     51.99    0.57     3.5    0.6     32  10925E
--------------------------------------------------------------------        
including      69.00   80.00     11.00    0.96     2.4    1.0     50        
----------------------------------------------------------------------------
TU-12-219      48.16  105.90     57.74    0.41     8.8    0.6     29  10950E
--------------------------------------------------------------------        
including      97.20  104.00      6.80    0.62    32.7    1.3     64        
--------------------------------------------------------------------        
TU-12-219     127.90  146.70     18.80    2.27     4.4    2.4    118        
--------------------------------------------------------------------        
including     135.25  135.75      0.50   78.40    14.4   78.7   3934        
----------------------------------------------------------------------------
TU-12-220       6.10   13.50      7.40    0.21     2.2    0.3     13  10950E
--------------------------------------------------------------------        
TU-12-220      56.00  108.00     52.00    0.52     7.1    0.7     33        
--------------------------------------------------------------------        
including      79.00   89.00     10.00    0.95     7.8    1.1     55        
--------------------------------------------------------------------        
TU-12-220     117.00  252.60    135.60    0.16    38.1    0.9     46        
--------------------------------------------------------------------        
including     183.50  187.60      4.10    0.18   110.8    2.4    120        
--------------------------------------------------------------------        
including     201.25  248.00     46.75    0.22    67.0    1.6     78        
--------------------------------------------------------------------        
including     204.75  207.75      3.00    0.48   151.8    3.5    176        
--------------------------------------------------------------------        
TU-12-220     264.57  276.76     12.19    0.16    26.2    0.7     34        
----------------------------------------------------------------------------
TU-12-221      71.70  113.30     41.60    0.68     3.6    0.8     38  50000N
--------------------------------------------------------------------        
including      73.20   78.10      4.90    2.62     5.2    2.7    136        
--------------------------------------------------------------------        
TU-12-221     409.50  507.25     97.75    1.49    10.1    1.7     85        
--------------------------------------------------------------------        
including     451.50  469.50     18.00    6.36    14.0    6.6    332        
--------------------------------------------------------------------        
including     451.50  453.50      2.00    7.01    25.7    7.5    376        
--------------------------------------------------------------------        
including     458.75  469.50     10.75    8.22    13.8    8.5    425        
--------------------------------------------------------------------        
TU-12-221     520.25  523.75      3.50    0.16    10.6    0.4     18        
----------------------------------------------------------------------------

 
J.D. Poliquin, Chairman of Almaden commented, "These new results show
the continued expansion of the overall Ixtaca vein system. We are
excited to be working towards our maiden resource. Since the
discovery in 2010 of the Main Ixtaca Zone we have found the parallel
Ixtaca North Zone, the perpendicular Northeast Extension (Chemalaco)
Zone and widespread mineralisation in the volcanic units. All of
these zones remain open and drilling is on-going to expand the
resource beyond the boundaries set for the maiden resource, a
snapshot of drilling results to date."  
The Company currently has three drills operating on the Tuligtic
project. Almaden plans to continue drilling operations throughout
2012. Below is a plan map, relevant sections and table of significant
intervals which will be posted to the Company's website
(www.almadenminerals.com). 
To view the plan map, sections and table, please visit:
http://media3.marketwire.com/docs/SectionPR.pdf. 
About the Ixtaca Property  
The 100% owned Ixtaca zone is a blind discovery made by the Company
in 2010. The Main Ixtaca and Ixtaca North Zones of veining are
thought to have a north-easterly trend. Holes to date suggest that
the Main Ixtaca and Ixtaca North Zones are sub vertical with local
variations. This interpretation suggests that true widths range from
approximately 35% of intersected widths for a -70 degree hole to 94%
of intersected widths for a -20 degree hole. The drilling completed
to date has traced mineralisation over 1,000 meters along this
northeast trend. Based upon observations at surface and of core as
drilling progresses, there seems to be a variety of veinlet
orientations within the Northeast Extension Zone however overall the
zone is currently interpreted to be dipping shallowly to the west and
striking roughly north-south. 
Mr. Norm Dircks, P.Geo., a qualified person ("QP") under the meaning
of NI 43-101, is the QP and project manager of Almaden's Ixtaca
program and reviewed the technical information in this news release.
The analyses reported were carried out at ALS Chemex Laboratories of
North Vancouver using industry standard analytical techniques. For
gold, samples are first analysed by fire assay and atomic absorption
spectroscopy ("AAS"). Samples that return values greater than 10 g/t
gold using this technique are then re-analysed by fire assay but with
a gravimetric finish. Silver is first analysed by Inductively Coupled
Plasma - Atomic Emission Spectroscopy ("ICP-AES"). Samples that
return values greater than 100 g/t silver by ICP-AES are then
re-analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES
finish. Of these samples those that return silver values greater than
1,500 g/t are further analysed by fire assay with a gravimetric
finish.  
Blanks, field duplicates and certified standards were inserted into
the sample stream as part of Almaden's quality assurance and control
program which complies with National Instrument 43-101 requirements.
Gold equivalent ("AuEq" or "Gold Eq.") and silver equivalent ("AgEq"
or "Silver Eq.") values were calculated using silver to gold ratios
of 50 to 1. The ratio of 50 to 1 was used for the sake of consistency
with past news releases. Intervals that returned assays below
detection were assigned zero values. Metallurgical recoveries and net
smelter returns are assumed to be 100% for these calculations.  
About Almaden  
Almaden is a well-financed (cash, gold inventory and equity
investments totalling approximately $35.6 MM as of July 4, 2012)
mineral exploration company working in North America. The company has
assembled mineral exploration projects, including the Ixtaca Zone and
the Tuligtic project, through its grass roots exploration efforts.
While the properties are largely at early stages of development they
represent exciting opportunities for the discovery of significant
gold, silver and copper deposits as evidenced at Ixtaca. Almaden's
business model is to find and acquire mineral properties and develop
them by seeking option agreements with others who can acquire an
interest in a project by making payments and exploration
expenditures. Through this means the company has been able to expose
its shareholders to discovery and capital gain without the funding
and consequent share dilution that would be required if the company
were to have developed these projects without a partner. The company
intends to expand this business model, described by some as prospect
generation, by more aggressively exploring several of its projects
including the Ixtaca Zone. 
On Behalf of the Board of Directors 
Morgan J. Poliquin, Ph.D., P.Eng.  
President, CEO and Director  
Almaden Minerals Ltd. 
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 potential expansion of mineralization,
potential size of mineralized zone, and size and timing of
exploration and development programs, estimated project capital and
other project costs and the timing of submission and receipt and
availability of regulatory approvals 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. 
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. 
Contacts:
Almaden Minerals Ltd.
604.689.7644
604.689.7645 (FAX)
www.almadenminerals.com
 
 
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