Almaden Minerals Limited is engaged in the business of the acquisition, exploration and when warranted, development of mineral properties. The Company has property interests in Canada, United States and Mexico. The Company 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). At December 31, 2008, the Company owned a 50% share interest in ATW Resources Limited (ATW) and a 33.2% share interest in Tarsis Capital Corp.