Almaden Resumes Drilling at Ixtaca, Adopts Advance Notice Policy

Almaden Resumes Drilling at Ixtaca, Adopts Advance Notice Policy 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/07/13 -- Almaden
Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE MKT:AAU) is
pleased to announce that drilling has recommenced at its 100% owned
Tuligtic Project in Mexico. In January 2013 Almaden announced the
maiden resource on the Ixtaca Zone of the Tuligtic Project which at a
0.5 g/t AuEq cutoff included Indicated Resources of 2,019,000 AuEq
ounces and Inferred Resources of 1,552,000 AuEq ounces (see Almaden
news release of January 31st, 2013). The 2013 drilling program will
focus on expanding the resource as well as testing other areas on the
14,000 hectare project considered by management to be highly
prospective. 
J.D. Poliquin, Chairman of Almaden commented, "Our focus in 2013 is
expanding upon the maiden resource as well as exploring for
additional Ixtaca Zones. We have been successful in expanding upon
the initial discovery and believe that there is much yet to find
under cover on the Tuligtic project. 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 targeted to expand the resource has commenced."  
Almaden also announces today the approval and adoption by its board
of directors (the "Board of Directors") of an advance notice policy
(the "Policy") on January 28, 2013, which Policy, among other things,
includes a provision that requires advance notice to the Company in
circumstances where nominations of persons for election to the Board
of Directors are made by shareholders of the Company other than
pursuant to: (i) a requisition of a meeting made pursuant to the
provisions of the Business Corporations Act (British Columbia) (the
"Act"); or (ii) a shareholder proposal made pursuant to the
provisions of the Act. 
The Policy, among other things, fixes a deadline by which holders of
record of common shares of the Company must submit director
nominations to the Company prior to any annual or special meeting of
shareholders and sets forth the information that a shareholder must
include in the notice to the Company for the notice to be in proper
written form. 
In the case of an annual meeting of shareholders, notice to the
Company must be made not less than 30 nor more than 65 days prior to
the date of the annual meeting; provided, however, that in the event
that the annual meeting is to be held on a date that is less than 50
days after the date on which the first public announcement of the
date of the annual meeting was made, notice may be made not later
than the close of business on the 10th day following such public
announcement. 
In the case of a special meeting of shareholders (which is not also
an annual meeting), notice to the Company must be made not later than
the close of business on the 15th day following the day on which the
first public announcement of the date of the special meeting was
made. 
The Policy is effective as of the date it was adopted. The full text
of the Policy is available via SEDAR at www.sedar.com or upon request
by contacting the Corporate Secretary of the Company at (604) 689
7644 or by e-mail at info@almadenminerals.com. 
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. 
About the Ixtaca Maiden Resource  
The Ixtaca zone is a gold (Au) and silver (Ag) deposit with roughly
equal values per tonne of each metal. The resource is presented in
gold equivalent (AuEq) ounces and cut-offs calculated based on price
ratios. The newly received preliminary metallurgical test results
indicate non-optimised gold and silver recoveries that are roughly
equivalent for each geological domain. The deposit is mostly hosted
by carbonate units and crosscutting dykes ("basement rocks") and
overlying volcanic rocks. In the base case roughly 90% of the
deposit's AuEq ounces are hosted in the basement rocks, the remaining
10% in volcanic rocks. Below are highlights of the resource estimate: 


 
--  Indicated Resource of 2,019,000 AuEq ounces using the base case 0.5
    (g/t) AuEq cutoff comprised of 56.99 million tonnes grading at 1.10 g/t
    AuEq (0.52 g/t Au and 29.91 g/t Ag) 
--  Inferred Resource of 1,552,000 AuEq ounces using the base case 0.5 g/t
    AuEq cutoff comprised of 41.53 million tonnes grading 1.16 g/t AuEq
    (0.56 g/t Au and 31.41 g/t Ag) 
--  Excellent overall Au and Ag recoveries averaging 88% for Au and 82% for
    Ag across all geologic domains: In basement rocks average recoveries are
    93% for Au and 82% for Ag (ranging from 88.6 to 96.8% for Au, and 81.8
    to 87.0% for Ag); in volcanics 54.1% Au, and 61.9% Ag. 
--  High gravity recoveries of Au in basement rocks averaging 55% (ranging
    from 48% to 59%); 15% for volcanic rocks. 
--  Gold equivalent ("AuEq" or "Gold Eq.") and silver equivalent ("AgEq" or
    "Silver Eq.") values were calculated using silver to gold ratio based on
    the three year trailing average for gold and silver, $1500/ounce gold
    and $29/ounce silver. 

 
Cautionary Note concerning estimates of Indicated and Inferred
Mineral Resources:  
This news release uses terms that comply with reporting standards in
Canada and certain estimates are made in accordance with Canadian
National Instrument NI 43-101 ("NI 43 101"). NI 43 101 is a rule
developed by the Canadian Securities Administrators that establishes
Canadian standards for all public disclosure an issuer makes of
scientific and technical information concerning mineral projects.
These standards differ significantly from the requirements of the
U.S. Securities and Exchange Commission ("SEC"), and mineral resource
information contained herein may not be comparable to similar
information disclosed by United States companies.  
This news release uses the terms "indicated mineral resources" and
"inferred mineral resources" to comply with reporting standards in
Canada. We advise United States investors that while such terms are
recognized and required by Canadian regulations, the SEC does not
recognize them. United States investors are cautioned not to assume
that any part or all of the mineral deposits in such categories will
ever be converted into mineral reserves under SEC definitions. These
terms have a great amount of uncertainty as to their existence, and
great uncertainty as to their economic and legal feasibility.
Therefore, United States investors are also cautioned not to assume
that all or any part of the "indicated mineral resources" or
"inferred mineral resources" exist. In accordance with Canadian
rules, estimates of "inferred mineral resources" cannot form the
basis of feasibility or other economic studies.  
It cannot be assumed that all or any part of the "indicated mineral
resources" or "inferred mineral resources" will ever be upgraded to a
higher category.  
About Almaden  
Almaden is a well-financed (cash, gold inventory and equity
investments totalling approximately $31 MM as of January 15th, 2013)
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)
info@almadenminerals.com
www.almadenminerals.com
 
 
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