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December 13, 2012
16:50 EDTAAUAlmaden Minerals discovers new area of mineralisation at Tuligtic property
Almaden Minerals is pleased to announce the discovery of a new area of mineralisation on Almaden's 100% owned Tuligtic property, Mexico called the Tano zone. Five holes were drilled to test an area of where anomalous gold was detected in soil samples taken previously by the company. One of the holes intersected significant mineralisation including 2.00 meters of 1.76 g/t gold. The Tano zone is one of several gold in soil anomalies on the greater than 14,000 hectare Tuligtic project that are located outside of the Ixtaca Zone. J.D. Poliquin, Chairman of Almaden, commented, "This new discovery shows that the greater than 14,000 hectare Tuligtic project has potential to host significant mineralisation well beyond the Ixtaca Zone discovery area. The results are preliminary in nature but follow-up drilling is planned on the Tano zone as well as the other areas of anomalous gold in soil on the project. On the Ixtaca Zone itself, we are excited to be working towards our maiden resource estimation, however, these new results from outside the resource area show that the resource has potential to grow significantly beyond its current edges. 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 continue to expand the resource beyond the boundaries set for the maiden resource."
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October 21, 2014
06:15 EDTAAUAlmaden Minerals announces spin-out of mineral exploration assets, royalties
Almaden Minerals announced that its board has unanimously approved a strategic reorganization of its business. Almaden's early stage exploration projects, royalty interests and certain other non-core assets will be transferred to a newly incorporated company. Shareholders of the company will receive shares in Spinco in proportion to their shareholdings in Almaden. There will be no change to shareholders' existing interests in the company. It is intended that, as part of the reorganization, Almaden's current shareholders will receive shares of Spinco by way of a share exchange, pursuant to which each existing share of Almaden is exchanged for one "new" share of Almaden and 0.6 of a share of Spinco. This exchange is intended to be taxed in a manner similar to a return of capital on the shares of Almaden. Warrantholders of Almaden will receive warrants of Spinco which are proportionate to, and reflective of the terms of, their existing warrants. The reorganization will be effected by way of a plan of arrangement under the Business Corporations Act, and must be approved by the Supreme Court of British Columbia and by the affirmative vote of 66 2/3% of Almaden's shareholders in attendance at a shareholders' meeting. The company intends to apply for a listing of the shares of Spinco on the TSX Venture Exchange. Any such listing will be subject to Spinco fulfilling all of the requirements of the TSX-V. The company is undertaking the reorganization in order to focus on the development of its Ixtaca gold-silver deposit. The Ixtaca deposit is part of the Tuligtic project, comprising approximately 15,000 hectares, located in the state of Puebla, Mexico. The spin-out transaction should also maximize shareholder value by allowing the market to value the company's flagship Ixtaca gold-silver deposit independently of its early stage mineral exploration and royalty business. In addition to allowing the company to continue to focus efforts on developing Ixtaca, the company is confident that having a separately funded and managed mineral exploration and royalty business will accelerate development of these exploration projects and give scope for new acquisitions. Spinco will be managed by Almaden's current team of officers. Its board will include directors who are independent of Almaden.

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