Almaden Enters Into Mill Purchase Option Agreement; Significantly Reduces Capital Cost of Ixtaca “Ramp-Up” Scenario

VANCOUVER, BC–(Marketwired – October 19, 2015) – Almaden Minerals Ltd. (TSX: AMM)(NYSE MKT: AAU) is pleased to announce that it has entered into an option agreement entitling it to purchase assets (the “Assets”) which, when taken together, constitute the Rock Creek mill. The Rock Creek mill is located just outside of Nome, Alaska.

Morgan Poliquin, President and CEO of Almaden, commented: “This is a significant transaction for Almaden. This mill is very well suited to the flow-sheet we envisage at our Ixtaca project in Mexico, and represents the same throughput as we outlined in our ‘ramp-up’ scenario in our PEA Update announced in September, 2014.

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