Almaden Appoints Kevin O’Kane and Alfredo Phillips to its Board of Directors
NEWS RELEASE
March 31, 2021
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
Almaden Appoints Kevin O’Kane and Alfredo Phillips to its Board of Directors
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American:
AAU), is pleased to announce that it has appointed Kevin O’Kane and Alfredo Phillips as independent non-
executive members of the Board of Directors, effective immediately.
Kevin O’Kane is based in Vancouver and is a registered professional engineer with nearly 40 years of
experience in the global mining industry. He has held executive positions with BHP in South America,
including Project Director, Vice President of Health, Safety and Environment, and Asset President. Most
recently, Mr. O’Kane held the position of Executive Vice -President and Chief Operating Officer for SSR
Mining Inc. He holds the ESG Competent Boards Certificate and Global Competent Boards Designation
(GCB.D), achieved in 2021. He is fluent in Spanish and brings a wealth of technical, operational and HSCE
leadership combined with Latin American knowledge to Almaden’s Board. Kevin also serves on the Boards
of SolGold Plc and NorthIsle Copper and Gold Inc.
Alfredo Phillips is a seasoned business executive in Mexican primary industries. He is currently Head of
Government Affa irs in Mexico for Arcelor Mittal, the world’s largest steel producer. Prior to taking this
position in 2020, he had served in a similar capacity for Torex Gold for over six years. Mr. Phillips is past
President of the Mining Task Force of the Canadian Cham ber of Commerce in Mexico, continues to serve
on the Board of the Chamber , and is founding Chairman of the Guerrero Mining Cluster since 2016 . He
also serves on the Board of Directors of the Latin American and Caribbean Council on Renewable Energy
(LAC-CORE).
Mr. Phillips has had an extensive career in the public, private, diplomatic, and academic fields. He has held
numerous positions in the Mexican Government ranging from Deputy General Director for Technology at
the National Council for Science and Technology, to Director General for Planning, Programming, and the
Budget at the Ministry of Education, to Head of the Investment Promotion Office at the Ministry of Energy.
His last position in the Mexican Government was as Minister for Economic Affairs at the Mexican Embassy
in Washington DC. He has also worked for Siemens Mesoamerica as head of government affairs. Mr.
Phillips also participates in academic undertakings and is currently founding Board Member of the Global
Sustainability Institute at the Monterrey Technology Institute jointly with Arizona State University, in addition
to being a professor of Negotiation Theory at the Executive Education School at the IberoAmerican
University in Mexico City.
Alfredo received a B.Sc. in Actuarial Mathematics from Anahuac University in Mexico City and a Master’s
in Public Administration from the Kennedy School of Government at Harvard University. He is fluent in
English, Spanish, and French.
J. Duane Poliquin, Chairman of Almaden, stated “On behalf of the Board, we are very pleased to welcome
these two distinguished people to Almaden. Alfredo has had a lot of success in developing and promoting
successful, sustainable businesses in Mexico and w e look forward to his contributions to our business
strategy moving forward . Kevin adds strong technical, operational, social, and environmental expertise
gained through many years of experience at Tier 1 mining operations . The appointment of Alfredo and
Kevin underscores the great potential of the Ixtaca Project.”.
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Alfredo Phillips stated, “It is a great pleasure and a wonderful opportunity to join this distinguished group of
seasoned mining professionals. Almaden offers a wonderful opportunity to be a part of a forward -thinking
company that is facing the future with out of the box ESG policies that will hope fully be groundbreaking in
nature and trailblazing in Mexico and the Americas building the mine of the future hand in hand with the
communities and authorities.
Coincident with these appointments, John (Jack) McCleary and Gerald Carlson have elected to retire from
the Board but have agreed to remain active with Almaden in an advisory capacity. Duane Poliquin ,
Chairman of Almaden, stated, “Both Jack and Gerry have been valued contributors to Almaden for many
years. While we are losing them as valued members of the Board, we are grateful that they have agreed to
remain available to the Company.”
About Almaden
Almaden Minerals Ltd. owns 100% of the I xtaca project in Puebla State, Mexico, subject to a 2.0% NSR
royalty held by Almadex Minerals Ltd. The Ixtaca deposit hosts a proven and probable reserve containing
1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading 0.59 g/t Au and
36.3 g/t Ag). A report titled “Ixtaca Gold-Silver Project, Puebla State, Mexico NI 43 -101 Technical Report
on the Feasibility Study”, which was prepared in accordance with NI 43 -101, is available under the
Company’s profile on SEDAR and on the Company’s website . The Ixtaca Gold -Silver Deposit was
discovered by Almaden in 2010.
Forward Looking Statements
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 potential of the Ixtaca project, contributions of the new directors to the Company’s business
strategy, the likelihood that Ixtaca can be a groundbreaking and trailblazing in respect of its ESG policies.
These forward-looking statements and information r eflect the Company’s current views with respect to future events
and are necessarily based upon a number of assumptions, including assumptions in respect of Almaden’s financial
position, that, while considered reasonable by the Company, are inherently subject to significant legal, regulatory,
business, operational and economic uncertainties and contingencies, and such uncertainty generally increases with
longer-term forecasts and outlook. 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: political risk in Mexico; crime and violence in Mexico; corruption;
environmental risks, including environmental matters under Mexican laws and regulat ions; 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 For m 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 re sults to differ materially from those described in
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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 our 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 on 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/