STEP OUT HOLE EC-17-030 TRACES HIGH GRADE 200 M NORTHWEST AT THE NORTE ZONE, MEXICO, HITS 60.70 M OF 0.95 G/T GOLD AND 0.37% COPPER WITHIN 308.50 M OF 0.39 G/T GOLD AND 0.20% COPPER

http://www.kitco.com/pr/3307/article_09062017161110.pdf

VANCOUVER, B.C. Almadex Minerals Limited (“Almadex” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce it has received assay results from hole EC-17-030 of the 2017 Norte drilling program. EC-17- 030 was drilled to test for the continuation of mineralisation to the northwest and intersected high-grade
mineralization and a broad zone of intense stockwork veining and potassic alteration accompanied by significant copper and gold grades. These results trace higher grade mineralisation roughly 200 m northwest from where previously known. The closest hole is historic hole 08-CBCN-022 which was drilled roughly 140 m to the south and 45 m to the east. Hole 08-CBCN-022 intersected a broad zone of low grade mineralisation including 47.24 m of 0.32 g/t gold and 0.21% copper but is interpreted to have only cut the southwest edge of the zone intersected in hole EC-17- 030 announced today. Highlights include the following intercepts all of which are also shown on the attached plan and section:
Hole EC-17-030 NORTE ZONE, 180 Az, -45 dip
From 69.00 to 377.50, 308.50 meters @ 0.39 g/t gold and 0.20% copper (0.66 g/t AuEq; 0.48% CuEq)
Including 159.00 to 318.00, 159.00 meters @ 0.61 g/t gold and 0.25% copper (0.95 g/t AuEq; 0.69% CuEq)
And 217.00 to 318.00, 101.00 meters @ 0.81 g/t gold and 0.32% copper (1.25 g/t AuEq; 0.91% CuEq)
And 231.00 to 291.70, 60.70 meters @ 0.95 g/t gold and 0.37% copper (1.46 g/t AuEq; 1.06% CuEq)
1 Gold equivalent (“AuEq”) and copper equivalent (“CuEq”) values are calculated assuming 100% recoveries and prices of US$1,250/oz gold and US$2.50/lb copper.
J. Duane Poliquin, Chairman of Almadex commented, “We are pleased to once again demonstrate the potential for the Norte Zone to expand with continued exploration. The results today confirm that the zone remains open to the northwest.”

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