Almaden Confirms High Grade Vein Zone Outside of Amended PEA Pit, Hits 1.0 Meter of 6.19 g/t Gold, 1250 g/t Silver Within Broad Zone of Veining Returning 70.43 Meters of 0.44 g/t Gold and 54 g/t Silver

VANCOUVER, BC–(Marketwired – August 10, 2016) – Almaden Minerals Ltd. (“Almaden” or “the Company”) (TSX: AMM) (NYSE MKT: AAU) is pleased to announce assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. Drill hole TU-16-318A was drilled from the bottom of hole TU-13-318 which in 2013 stopped short of the vein zone reported today. By deepening this hole the Company was able to confirm a zone of veining intersected up-dip in hole TU-11-056, which in 2011 hit two high grade veins that returned 1.26 meters of 2.45 g/t gold and 854 g/t silver and 0.95 meters of 13.86 g/t gold and 2577 g/t silver respectively. Results have also been received from hole TU-16-462 drilled above TU-11-056. This hole also intersected the vein zone and hit two intervals, 0.74 meters of 1.26 g/t gold and 203 g/t silver and 0.52 meters of 0.28 g/t gold and 297 g/t silver respectively. Further holes have been drilled on this section and results are pending. The mineralisation intersected in all holes is limestone hosted and located outside of the 2016 Amended PEA pit.

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