VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/05/10 -- Almaden Minerals Ltd. (the 'Company') (TSX: AMM)(NYSE Amex: AAU) announces that it has closed a Private Placement of 1,003,821 Common Shares at a price of $1.20 per Share. The hold period on the securities expires on October 30, 2010.