VANCOUVER, BC–(Marketwired – August 23, 2017) – Almaden Minerals Ltd. (“Almaden” or “the Company”) (TSX: AMM) (NYSE American: AAU) (NYSE MKT: AAU) is pleased to announce new assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. Results reported today are from drill hole TU-17-504 drilled on section 10+650 East. This hole intersected significant mineralisation in an upper portion of the PFS pit which was modelled as waste material in the Company’s Pre-Feasibility study (74.5 meters grading 0.66 g/t Au and 45.1 g/t Ag). Hole TU-17-504 also further demonstrated the potential for high grade veins within the Ixtaca North Zone (see plan and section maps attached). Highlights include the following intercepts:
| Hole TU-17-504 SECTION 10+650 EAST Az. 150, Dip -65 | |||
| 74.50 meters @ 0.66 g/t Au and 45.1 g/t Ag | Ixtaca North Zone | ||
| Including 19.00 meters @ 1.19 g/t Au and 121.2 g/t Ag | Ixtaca North Zone | ||
| And 3.75 meters @ 1.23 g/t Au and 95.5 g/t Ag | Ixtaca North Zone | ||
| 64.30 meters @ 0.79 g/t Au and 74.4 g/t Ag | Ixtaca North Zone | ||
| Including 3.45 meters @ 1.58 g/t Au and 97.4 g/t Ag | Ixtaca North Zone | ||
| And 10.50 meters @ 3.54 g/t Au and 306.9 g/t Ag | Ixtaca North Zone | ||
| 46.85 meters @ 0.49 g/t Au and 68.6 g/t Ag | Ixtaca North Zone | ||
| Including 0.70 meters @ 22.30 g/t Au and 2600.0 g/t Ag | Ixtaca North Zone | ||