Almaden Minerals Ltd. (Almaden) is engaged in the business of the acquisition, exploration and when warranted, development of mineral properties. Almaden has property interests in Canada, United States and Mexico. None of its property interests are beyond exploration stage. The Company is in the exploration stage and has not generated any revenues from operations. Almaden has two principal property interests: the Elk gold, silver property, which includes the Siwash Gold deposit in Canada (100% interest), and the Caballo Blanco gold, silver, copper prospect in Mexico (100% interest subject to a sliding scale net smelter return royalty (NSR) and a 70% option agreement earn in right by Canadian Gold Hunter Corp). The Company also has several other property holdings in Canada, United States and Mexico.