Drilling Underway at Almaden's El Cobre Copper-Gold Project, Mexico

Drilling Underway at Almaden's El Cobre Copper-Gold Project, Mexico 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/21/13 -- Almaden
Minerals Ltd. (TSX:AMM)(NYSE MKT:AAU) ("Almaden" or "the Company")
announces that it has commenced a diamond drill program on its 100%
owned El Cobre porphyry copper-gold project in Veracruz State,
Mexico. Drilling has been planned to test various geophysical and
geochemical anomalies within this extensive porphyry copper-gold
system. The drill program consists of one drill capable of drilling
to greater than 1,000 meters depth. An initial 5,000 meters is
planned, comprised of 5 to 8 greater than 500 meter deep holes. 
"We are very excited to be drilling at El Cobre, a world-class
gold-rich porphyry exploration target. El Cobre is one of the most
important assets in our portfolio and we want to advance this project
aggressively," stated Chairman J. Duane Poliquin. 
About El Cobre 
Almaden 100% owned El Cobre project, situated about 75 kilometers
north of the port city of Veracruz, Mexico. The project is located in
an area of unparalleled infrastructure and is located near a power
plant and highway. Almaden's roughly 7,500 hectare claim block covers
copper-gold porphyry mineralization known to exist over a strike
length of at least four kilometers. Drilling by Almaden and past
partners along this strike length has returned significant copper and
gold values. Many of the past drill holes on the El Cobre property
are shallow and end in copper-gold mineralization. Porphyry
mineralization is associated with the exposed portions of diorite
stocks which have intruded intermediate volcanic rocks. Mineralogic
and fluid inclusion studies show conclusively that the gold and
copper-gold porphyry-style mineralization at El Cobre is not deeply
eroded and great potential exists at depth. 
Gold-silver vein mineralisation, typical of intermediate sulfidation
systems, has also been identified within the project area. Vein float
identified over a roughly 500 m by 1,000 m area may be indicative of
a larger vein deposit at depth. Outcrop in the vein-float area is
sparse, however sixty samples of vein float taken averaged 2.5g/t
gold and 60 g/t silver with values as high as 25 g/t gold and 267 g/t
In 2012 Almaden drilled three h
oles in an area where past drilling
had returned significant gold and silver assays. No significant
values were intersected in these holes however one hole hit two
intervals of significant veining; 1.3 meters (from 69.7 meters depth)
of 0.66% copper, 1.63 g/t gold and 84.1 g/t silver and 0.5 meters
(from 84.3 meters depth) of 0.34% copper, 3.06 g/t gold and 122.0 g/t
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 El Cobre
drilling program and reviewed the technical information in this news
release. The attached table contains analyses from past programs
conducted by Almaden and former joint venture partners. Analyses
reported from current and past drilling conducted by Almaden were
carried out at ALS Chemex Laboratories of North Vancouver using
industry standard aqua regia, ICP and fire assay techniques. This
sampling also included a quality control program and the insertion of
field duplicates, certified standards and blanks into the sample
stream. Analyses reported from past drilling conducted by past
partners cannot be verified by Almaden but are believed to have been
acquired from exploration programs carried out under the supervision
of qualified persons (under the meaning for qualified person as
defined in NI 43-101) and in accordance with NI 43-101 requirements. 
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 its 2010 Ixtaca
discovery. 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
Almaden Minerals Ltd.
604.689.7645 (FAX)
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