Almaden Files Feasibility Study of the Ixtaca GOLD-Silver Project, Mexico

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NEWS RELEASE

January 24, 2019

Trading Symbols:

TSX: AMM; NYSE American: AAU

www.almadenminerals.com

ALMADEN FILES FEASIBILITY STUDY OF THE IXTACA GOLD-SILVER PROJECT, MEXICO

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

announces that the independent NI 43 -101 Technical Report on the Feasibility Study of the Ixtaca Gold -Silver

Project located in Puebla State, Mexico (the " FS"), has been filed on SEDAR. A summary of findings fr om the

FS was announced in Almaden’s press release issued December 11, 2018. The full report, prepared by Moose

Mountain Technical Services (“MMTS”), can be viewed under the Company’s profile on www.sedar.com.

The independent qualified persons responsible for preparing the FS are Tracey Meintjes, P.Eng. and Jesse

Aarsen, P.Eng. of MMTS, Kris Raffle, P.Geo. of APEX Geoscience Ltd., Gary Giroux, P.Eng. of Giroux

Consultants Ltd., and Clara Balasko, PE and Edward Wellman, PE, PG, CEG of SRK Consulting (U.S.), Inc., all

of whom act as independent consultants to the Company, are Qualified Persons as defined by National

Instrument 43-101 and have reviewed and approved the contents of this news release.

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 Gold-Silver Deposit 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 accura cy of the contents of this

news release which has been prepared by management.

Contact Information:

Almaden Minerals Ltd.

Tel. 604.689.7644

Email: [email protected]

http://www.almadenminerals.com/