VANCOUVER, BC–(Marketwired – August 17, 2016) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE:AMZ) (OTCQB: AXDDF) is pleased to announce that it has received further assay results from diamond drill hole EC-16-010 on the Norte Zone of its 100% owned El Cobre porphyry copper-gold project located in Veracruz, Mexico. Reported today are results from 317.00 meters to 542.70 meters depth. On August 8th, 2016 the Company released results up to 317.00 meters depth. EC-16-010 is the first hole drilled in the Norte Zone since 2008. From 153.50 to 317.00 meters a zone of intense quartz stockwork veining, potassic alteration and copper-gold mineralisation was intersected. From 317.00 to 393.35 meters depth an altered but unmineralised dyke was intercepted. From 393.35 to 542.70 meters a further interval of intense veining, alteration and mineralisation was intersected and is reported herein. Porphyry style alteration continues to the end of the hole, currently at ~890 meters depth and advancing.