THIS AGREEMENT dated for reference the 21 day of January , 2005 BETWEEN:

THIS AGREEMENT dated for reference the 21 day of January , 2005

BETWEEN:

ALMADEN MINERALS LTD., a corporation with a place of business at 1103 - 000 Xxxx Xxxxxx Xxxxxx,

Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0

(“Almaden”)

AND:

XXXXXX RESOURCES LTD., a corporation with a place of business at Suite 1116 - 000 Xxxx Xxxxxxx Xxxxxx,

Xxxxxxxxx, Xxxxxxx Xxxxxxxx X0X 0X0

(“Xxxxxx”)

WHEREAS:

X.   Xxxxxx (as Successor to Troymin Resources Ltd.) is the beneficial holder of a 25% undivided but unrecorded interest in those mineral properties known as Prospector Mountain and more particularly described in Schedule “A” and hereinafter referred to as the “Property Interest”.

NOW THEREFORE in consideration of the sum of ten dollars ($ 10.00) of lawful money of Canada now paid by Almaden to Xxxxxx and other good and valuable consideration ( the receipt whereof is by Xxxxxx hereby acknowledges) Xxxxxx hereby transfers, releases and quit claims to Almaden absolutely all right title and interest in and to the Property Interest

This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assignees.

IN WITNESS WHEREOF the parties have executed this Agreement as of the 21 day of January, 2005.

ALMADEN MINERALS LTD.
Per:	“Xxxxx Xxxxxxxx”
	Authorized Signatory

XXXXXX RESOURCES LTD..
Per:	“Xxxxxx Netolitzky)
	Authorized Signatory