Vancouver, B.C. Almadex Minerals Limited (“Almadex” or the “Company”; TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 4,000,000 units (“Units”) at $1.40 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each such whole share purchase warrant, a “Warrant”). Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until March 27, 2020. Fees consisting of $255,555.20 in cash were paid to arms-length finders or advisors on a portion of the placement. All securities issued in connection with the private placement are subject to a hold period in Canada which expires on July 28, 2018.