VANCOUVER, BC–(Marketwired – November 09, 2016) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce it has received complete results from hole EC-16-13, drilled from the same pad as the previously announced holes EC-16-10 and 12, which were designed to follow up a hole drilled in 2008 that ended in significant mineralisation. Hole EC-16-13 intersected less stockwork veining and related mineralisation as that seen in the previously announced holes and returned correspondingly lower grades. This new hole confirms that the Norte drilling to date has intersected a shallow dipping, distal and high level portion of a porphyry system with significant gold values. Highlights from Hole EC-16-13 include the following intercepts which are also shown on the attached section:
| Hole EC-16-013 NORTE ZONE, 180 Az, -80 dip | ||||
| From 9.14 to 423.50, 414.36 meters @ 0.16 g/t gold and 0.11% copper | ||||
| Including 239.00 to 369.50, 130.50 meters @ 0.32 g/t gold and 0.17% copper | ||||
| Including 239.00 to 313.50, 74.50 meters @ 0.38 g/t gold and 0.19% copper | ||||
| Including 275.00 to 313.50, 38.50 meters @ 0.55 g/t gold and 0.23% copper | ||||