Almaden Minerals Ltd. Announces Closing of $3,380,000 Non-Brokered Private Placement

VANCOUVER, BC–(Marketwired – November 17, 2015) – Almaden Minerals Ltd. (“Almaden” or the “Company”) (TSX: AMM)(NYSE MKT: AAU) is pleased to announce that it has closed a non-brokered private placement involving the issuance of 4,506,666 units (“Units”) at $0.75 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each such whole share purchase warrant, a “Warrant”). Each Warrant allows the holder to purchase one common share of the Company at a price of $1.00 per share until November 17, 2017. Fees consisting of $44,000 in cash and warrants to purchase up to 35,200 common shares at a price of $0.77 per common share until November 17, 2017 were paid to finders on a portion of the placement.

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