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AMM.V ·

Almaden Files Form 20-F Documentation

Financials

NEWS RELEASE

May 3rd, 2022

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 21 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 21, 2020 and 2019 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. 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,

“J. Duane Poliquin”

J. Duane Poliquin

Chairman

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 historical fact contained herein, certain information presented

constitutes "forward-looking statements" within the meaning of the Unit ed States Private Securities Litiga tion 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 mine ralized zone, and

size and timing of exploration and dev elopment programs, estimated project capital and other project costs and th e timing of submission and receipt and

availability of regulatory approvals involve known and unknown risks, uncertainties and other factors which may cause the actual results, perf ormance or

achievement of Almaden to be materially different from any futur e results, performance or achievements expressed or implied by such forward -looking

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

conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans conti nue to be refined,

environmental risks and hazards, incr eased infrastructure and/or operating costs, labour and employment matters, and government regulation and permitting

requirements as well as those factors discussed in the section entitled "Risk Factors" in Almaden's Annu al Information form and Almaden's l atest Form 20-F on

file with the United States Securities and Exchange Comm ission in Washington, D.C. Although Almaden has attempted to identify important factors that could

cause actual results to differ materially, ther e may be other factors that cause r esults not to be as anticipated, estimated or intended. There can be no

assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such s tatements.

Almaden disclaims any in tention or obligation to update or revise any forward -looking statements, w hether 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 reliance on forward-looking statements.

Contact Information:

Almaden Minerals Ltd.

Tel. 604.689.7644

Email: [email protected]

http://www.almadenminerals.com/