go to El Pulpo + News Release: June 11th, 2004 Progress Report on the El Pulpo Project, Mexico The El Pulpo property is located north-east of Mazatlan and covers an area of approximately 200 square kilometres. Almaden Minerals Ltd. (Almaden) has optioned this property to Ross River Minerals Ltd. (Ross River) who can earn a 60% interest by spending US$3,000,000 and issuing 425,000 shares to Almaden. Almaden and Ross River have identified high grade porphyry related gold, silver and copper mineralisation over a surface area in excess of 12 square kilometres. The property hosts at least two copper-gold porphyry targets and three high grade gold vein targets. Ross River has provided the company with the following results in the form of a news release, an excerpt from which follows: "Ross River Minerals Inc. is pleased to announce that it has confirmed Cerro Colorado as the third and largest copper-gold porphyry target identified to date on its 200 square kilometre El Pulpo property. This is in addition to the previously identified La Langosta/El Bagre and La Cetolla copper-gold porphyry targets and the Papaya, La Trucha, El Sauz and El Tiburon gold-silver vein targets. As previously reported, a large I.P. chargeability anomaly was outlined associated with gold, silver and copper soil geochemistry anomalies. Previous work focused on the gold potential along a northeast-southwest trending ridge characterized by sheeted and stockwork gold bearing quartz-tourmaline veining within zones of phyllic alteration in an intrusive setting. Prospecting and geological mapping of anomalous soil geochemistry and geophysical anomalies north of the northeast-southwest trending ridge in topographically lower areas has discovered widespread fractured controlled and disseminated porphyry style chalcopyrite mineralization within potassically altered granodiorite. At higher elevations the anomalies are associated with a widespread reddish-brown soil overlying altered oxidized granodiorite with remnant chalcopyrite, pyrite and iron oxides with anomalous copper in soils ranging from greater than 200ppm copper to over 6,000ppm copper. The porphyry mineralization on Cerro Colorado appears to be outlined by three chargeability anomalies >10mV/V at n=1, forming a rough ellipse. On most lines, which are spaced at 200 metres, the chargeability increases at depth with greater than 15mV/V to >30mV/V. The largest anomaly has a length of 1,900 metres and a width of 750 metres and trends northeast-southwest. The second anomaly 520 metres northwest of the first has dimensions of 800 metres by 300 metres trending in a northwest-southeast direction. The third anomaly 200 metres west of the first is 450 metres by 300 metres in size. All the chargeability anomalies have coincident copper soil geochemistry anomalies (>200ppm - 6,200ppm copper), silver soil geochemistry anomalies (>1,000ppb - 30,049ppb silver) and gold soil geochemistry anomalies (>30ppb - 3,213ppb gold). Molybdenum (>6ppm -118ppm) and zinc (>250ppm - 1,731ppm) overlap and are outboard of the copper anomalies. Where the anomalies outcrop, potassic (biotite+/-potassium feldspar+/-hematite after magnetite) and phyllic (sericite+/-quartz+/-pyrite) alteration with chalcopyrite and/or copper oxides are observed. The surficial distribution of these metals is consistent with large porphyry copper deposits. To date at least forty percent of the Cerro Colorado area has been mapped and sampled as part of a follow-up program of prospecting and mapping the soil geochemistry and geophysical anomalies. Assays are pending for rock samples. James R. Reeves P.Geo. is the qualified person supervising the geologic work in this area. Drilling is continuing on the Papaya and La Trucha gold, silver, copper vein targets and results will be reported when received. Trenching is also continuing on the Cerro Colorado, La Langosta and Papaya targets. Management is extremely encouraged by the on-going field program that continues to identify new and larger copper, gold, silver targets."   The quote above from a Ross River news release refers to the unit of measurement "mV/V". This is the geophysical unit of measurement for chargeability, or the overvoltage induced in the geophysical survey. Chargeability is a function of the metallic mineral content of the area surveyed. Almaden believes these results to be very encouraging and are representative of a large copper-gold bearing intrusive hosted system. Ross River informed Almaden that Acme Analytical Labs of Vancouver carried out the analyses reported above. Almaden currently has thirteen active joint ventures on sixteen properties. This includes eight joint venture deals in which other companies are earning an interest in the Almaden projects by spending, and a regional exploration program with partner BHP Billiton underway to explore for copper-gold deposits in Mexico. In addition, Almaden is continuing its aggressive exploration efforts in Mexico and Canada.   ON BEHALF OF THE BOARD OF DIRECTORS Duane Poliquin The Toronto Stock Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management. Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward -looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the Securities and Exchange Commission.