Court Confirms Almaden’s Original Ixtaca Claim Block

AAU-12-01-20

VANCOUVER, B.C. Almaden Minerals Ltd. (“Almaden” or the “Company”; TSX: AMM; NYSE American: AAU) announces that, further to its press release of February 27, 2020, on November 26, 2020, a Mexican court rejected the appeal filed by the Company in October 2019 objecting to the reinstatement by the Mexican mining authorities of approximately 7,000 Ha of mineral claims surrounding the Ixtaca Project, which the Company had previously dropped. This court decision upheld the action of Mexican mining authorities that reinstated Almaden’s original mineral claims covering the Ixtaca project as Almaden’s sole mineral claims over the Ixtaca project, and leaving the reduced mineral claims the Company was awarded in 2017 as held without effect.

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