Almaden Announces Elaine Ellingham Appointed to Board of Directors

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NEWS RELEASE

March 5, 2018

Trading Symbols:

TSX: AMM; NYSE American: AAU

www.almadenminerals.com

ALMADEN ANNOUNCES ELAINE ELLINGHAM APPOINTED TO BOARD OF DIRECTORS

Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE

American) is pleased to announce that Ms. Elaine Ellingham has been appointed to Almaden’s Board of

Directors effective immediately.

Ms. Ellingham is a professional geoscientist with over 35 years of experience in the mining industry, having held

senior positions in several mining companies. Ms. Ellingham serves as President of Ellingham Consulting, an

independent consulting firm providing geological and advisory services. She spent eight years with the Toronto

Stock Exchange serving in various capacities, including four years as the TSX National Leader of Mining &

International Business Development. Ms. Ellingham has also served as interim CEO and Director of Ric hmont

Mines Inc. and Senior Vice President, Investor Relations at IAMGOLD , in addition to other corporate

development experience with Campbell Resources and Rio Algom Limited. She is also an active director on the

Boards of Aurania Resources, Wallbridge Mining and the Prospectors and Developers Association of Canada.

J. Duane Poliquin, Chairman of Almaden stated, "Ms. Ellingham brings a wealth of industry and governance

experience and we are delighted that she has joined our Board. Her diverse background will be invaluable to

Almaden as we advance the Ixtaca project through the engineering, permitting and financing stages to come”.

About Almaden

Almaden Minerals Ltd. is a well-financed company which owns 100% of the Tuligtic project in Puebla State,

Mexico, subject to a 2.0% NSR royalty held by Almadex Minerals Limited . Tuligtic covers the Ixtaca Gold -Silver

Deposit, which was discovered by Almaden in 2010.

On Behalf of the Board of Directors

“Morgan Poliquin”

Morgan J. Poliquin, Ph.D., P.Eng.

President, CEO and Director

Almaden Minerals Ltd.

Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have reviewed or accepted responsibility for the adequacy or accuracy of the contents of this

news release which has been prepared by management.. Except for the statements of historical fact contained herein, certain i nformation presented constitutes

"forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian sec urities laws. Such

forward-looking statements, including but not limited to, those with respect to potential expansion of mine ralization, potential size of mineralized zone, and size

and timing of exploration and development programs, estimated project capital and other project costs and the timing of subm ission and receipt and availability

of regulatory approvals involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of

Almaden to be materially different from any future results, performance or achievements expressed or implied by such forward -looking statements. Such factors

include, among others, risks related to international operations and joint ventures, the actual results of current exploratio n activities, conclusions of economic

evaluations, uncertainty in the estimation of mineral resources, changes i n project parameters as plans continue to be refined, environmental risks and hazards,

increased infrastructure and/or operating costs, labour and employment matters, and government regulation and permitting requ irements as well as those

factors discussed in the section entitled "Risk Factors" in Almaden's Annual Information form and Almaden's latest Form 20 -F on file with the United States

Securities and Exchange Commission in Washington, D.C. Although Almaden has attempted to identify important factors th at could cause actual results to differ

materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no as surance that such statements will

prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Almaden disclaims any intention or

obligation to update or revise any forward -looking statements, whether as a result of new information, future events or otherwise, other than as required

pursuant to applicable securities laws. Accordingly, readers should not place undue reliance on forward -looking statements.