Applied Minerals, Inc. (OTCBB: AMNL) (the “Company”) will hold its 2011 Annual Meeting of Shareholders on Wednesday, June 15, 2011 at 3 P.M. Eastern. At the meeting, management of the Company will provide an update on the business and answer questions of shareholders. The meeting will be held at the Grand Hyatt New York located at 109 East 42 nd Street, New York, N.Y. For shareholders and other interested parties who cannot attend in person, the meeting will be webcast at www.virtualshareholdermeeting.com/AMNL2011. This press release contains forward-looking statements relating to future events or future financial performance that involve risks and uncertainties and in particular statements regarding the settlement of the class action, the completion of the financing, development and commercialization of the Dragon Mine, filing reports with the SEC, and having liquidity to finance the next stage of its business plan. These statements are only predictions and actual results could differ materially from those anticipated in these statements based on a number of uncertainties and risk factors. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement.