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AMM.V ·

Almaden Files Form 20-F Documentation

Financials

NEWS RELEASE

April 27th, 2023

Trading Symbols:

TSX: AMM; NYSE American: AAU

www.almadenminerals.com

ALMADEN FILES FORM 20-F DOCUMENTATION

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

AAU) announces that its Annual Report on Form 20-F for the fiscal year ended December 31, 20 22 has been

filed with the U.S. Securities and Exchange Commission. The Form 20 -F and the Company's audited

consolidated financial statements for the years ended December 31, 20 22, 2021 and 2020 are available on the

Company's website at http://www.almadenminerals.com.

Shareholders of the Company may also request a hard copy of the Company's audited financial statements and

Form 20-F free of charge by contacting 604-689-7644 or by e-mail to [email protected].

About Almaden

Almaden Minerals Ltd. discovered the Ixtaca project in Puebla State, Mexico, in 2010. Almaden’s interest in the

Ixtaca project is subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit h osts 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 Re port 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 .

On Behalf of the Board of Directors,

“J. Duane Poliquin”

J. Duane Poliquin

Chair

Almaden Minerals Ltd.

Neither the Toronto Stock Exchange (TSX) nor the NYSE American have reviewed or accepted responsibility for the adequ acy or accuracy of the contents of

this news release which has been prepared by management. Except for the sta tements of hist orical fact contained herein, certain information presented

constitutes "forward-looking statements" within the meaning of the Unit ed States Private Securities Li tigation Reform Act of 1995 and Canadian securities laws.

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

size and timing of exploration and development programs, estimated project capital and other project costs and th e timing of sub mission and receipt and

availability of regulator y 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 futur e results, perf ormance or achievements expressed or implied by s uch forward -looking

statements. Such factors include, among others, risks related to international operations and joint ventures, the actual results of current exploration activities,

conclusions of economic evaluations, uncertainty in the estimation of mi neral resources, mineral title uncertainty, changes in project parameters as plans

continue to be refined, en vironmental risks and hazards, increased infrastructure and/or operating costs, labour and employm ent matters, and government

regulation and permit ting requirements as well as those factors discussed in the section entitled "Risk Factors" in Almaden's Annu al Information form and

Almaden's latest Form 20 -F on file with the United States Securities and E xchange Comm ission in Washington, D.C. Although A lmaden has attempted to

identify important factors that could cause actual results to differ materially, ther e may be other factors that cau se results not to be as anticipated, estimated or

intended. There c an be no ass urance that such statements will prov e to be accurate as actual results and future events could differ materially from those

anticipated in such s tatements. Almaden disclaims an y 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, rea ders should not place undue rel iance on

forward-looking statements.

Contact Information:

Almaden Minerals Ltd.

Tel. 604.689.7644

Email: [email protected]

http://www.almadenminerals.com/