Almaden Announces Mexican Federal Government Issues Decree to Temporarily Suspend All Non-Essential Businesses, Including Mining and

Almaden Announces Mexican Federal Government Issues Decree to

Temporarily Suspend All Non-Essential Businesses, Including Mining and

Exploration, Until April 30, 2020 Due to COVID-19

VANCOUVER, British Columbia, April 01, 2020 -- Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX;

AAU: NYSE American) announces that the Mexican federal government has mandated that all non-essential businesses,

including mining and exploration, temporarily suspend operations until April 30 due to the COVID-19 virus (the “Decree”). 

As Almaden is pursuing permitting of the Ixtaca project, it has not had an ongoing technical program at the project. Moreover,

Almaden has already suspended its activities in order to protect its work force and local communities, and employees at the

corporate office and in Mexico have been working from home when possible. Almaden will continue to follow government health

protocols and implement additional protocols as may be necessary for the protection of its workforce and local communities,

and as contemplated in the Decree will only engage in activities whose suspension may have irreversible effects for the

continuance of Almaden’s business. 

In terms of legal actions and administrative procedures in which the Company is involved in Mexico, Almaden understands

from a communication issued by the Judicial authorities that all Court activities in Mexico have been formally suspended until

April 20, 2020. It is unclear at this time whether this court suspension will be extended beyond April 20.

J. Duane Poliquin, Chairman of Almaden stated: “We recognize the seriousness of this pandemic and have previously taken

precautionary measures to protect our employees, their families and local communities. We will continue to monitor the

situation closely and urge all of our stakeholders to take the necessary steps against the spread of this virus”.

About Almaden

Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subject to a 2.0% NSR royalty held by

Almadex Minerals Limited. Almaden discovered the Ixtaca gold-silver deposit 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.

Forward-Looking Information

Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of

the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of

applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking

statements or information. Forward-looking statements or information in this news release relate to, among other things: the

intended use of net proceeds of the Offering.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are

necessarily based upon a number of assumptions. These assumptions include: stability and predictability in Mexico’s mineral

tenure, mining, environmental and agrarian laws and regulations, as well as their application and judicial decisions thereon;

continued respect for the rule of law in Mexico; prices for gold, silver and base metals remaining as estimated; currency

exchange rates remaining as estimated; availability of funds; capital, decommissioning and reclamation estimates; mineral

reserve and resource estimates; prices for energy inputs, labour, materials, supplies and services (including transportation);

no labour-related disruptions; all necessary permits, licenses and regulatory approvals being received in a timely manner; the

ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; community

support in the Ixtaca Project; and the ability to comply with environmental, health and safety laws. The foregoing list of

assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks,

uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or

implied by such forward-looking statements or information contained in this news release. Such risks and other factors

include, among others, risks related to: the COVID-19 pandemic, the impact of the pandemic on Almaden and the impact of

government action aimed at ameliorating the pandemic on Almaden’s workforce, business and operations, political risk in

Mexico; crime and violence in Mexico; corruption; environmental risks, including environmental matters under Mexican laws

and regulations; impact of environmental impact assessment requirements on the Company’s planned exploration and

development activities on the Ixtaca Project; certainty of mineral title and the outcome of litigation; community relations;

governmental regulations and the ability to obtain necessary licences and permits; risks related to mineral properties being

subject to prior unregistered agreements, transfers or claims and other defects in title; changes in mining, environmental or

agrarian laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may

increase costs of doing business and restrict operations; as well as those factors discussed 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 the Company has attempted to identify important factors that could

affect the Company and may cause actual actions, events or results to differ materially from those described in forward-

looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated,

estimated or intended. There can be no assurance that the Company’s forward-looking statements or information will prove to

be accurate. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as

required by law, the Company does not assume any obligation to release publicly any revisions to forward-looking statements

or information contained in this news release to reflect events or circumstances after the date hereof or to reflect the

occurrence of unanticipated events.

Contact Information:

Almaden Minerals Ltd.

Tel. 604.689.7644

Email: [email protected]

http://www.almadenminerals.com/