LOWER COURT IN MEXICO RULES ON CONSTITUTIONALITY OF MEXICAN MINERAL TITLE SYSTEM AND FORMER CLAIMS HELD BY ALMADEN

AAU-04-15-19

Vancouver, B.C. Almaden Minerals Ltd. and its 100% owned Mexican subsidiary (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) has learned that a lower court in Puebla State has ruled that Mexico’s mineral title system is unconstitutional because consultation is not required before the granting of mineral title. The lawsuit was filed against the Mexican government regarding claims originally held by Almaden which covered a large area including the Ixtaca deposit. This ruling can be appealed by both the Government of Mexico and Almaden. The Company believes that this lawsuit is part of a broad effort by special interest groups
to change the mining law and there are other similar actions active across Mexico.

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