Almaden Encouraged By Court Decision
- 1 -
NEWS RELEASE
April 14, 2021
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
Almaden Encouraged By Court Decision
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU)
announces that the Collegiate (Appeals) Court of Mexico has issued a decision that it does not have the necessary
authority to rule on the appeals filed by the Mexican Congress, Senate, Secretary of Economy and mining
authorities, as well as Almaden as an interested party, and has instead referred the case directly to the Supreme
Court of Justice of Mexico (“SCJN”). The Company anticipates a decision from the SCJN on this matter within the
next four to eight months.
The Company notes that in January 2021, the SCJN issued a decision concerning a mining property in north
Puebla state owned by a company unrelated to Almaden, where the constitutionality of Mexico’s mining laws had
been challenged. The SCJN, in a unanimous decision, confirmed that Mexico’s mining law is constitutional. The
Company’s Mexican constitutional law attorney has advised that th e January decision will have to be taken into
account by the court when considering this case.
By way of background, in April 2019, a lower court in Puebla State issued a decision that Mexico’s mineral title
system is unconstitutional because consultation of indigenous communities is not required before the granting of
mineral title. The lawsuit was brought against the Mexican government and could have consequences for mineral
titles throughout Mexico, but it used the Company’s mineral claims to make the argument . For more background
see the Company’s press releases of April 15, 2019 and February 27, 2020.
The Company is pleased that this matter will finally be resolved and will continue with its curren t permitting and
exploration plans.
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 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.
On Behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin
Chairman
Almaden Minerals Ltd.
Safe Harbor Statement
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
- 2 -
statements or information. Forward-looking statements or information in this news release relate to, among other things: the
Company’s ability to advance its exploration and permitting plans, the anticipated timing of a decision on this case by the SCJN,
and that any SCJN decision would have to take the January, 2021 decision into account.
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, 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 t o
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 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 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/