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AMM.V ·

Almaden Files Form 20-F Documentation

Financials

NEWS RELEASE

March 29th, 2021

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”; AMM: TSX; AAU: NYSE

American) announces that its Annual Report on Form 20-F for the fiscal year ended December 31, 20 20

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 20, 2 019 and 2018 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

“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 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 statements of historical fact contained herein, ce rtain information presented

constitutes "forward-looking statements" within the meaning of the Unit ed States Private Securities Litigation 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 siz e and timing of exploration and development programs, estimated project capital and other project costs and the timing of sub mission and

receipt and availability of regulatory 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 future results, performance or achievements express ed or implied by such

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 mineral resources, changes in p roject parameters as plans

continue to be refined, en vironmental risks and hazards, increased 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 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 Almaden has attempted to

identify important factors that could cause actual results to differ materially, ther e may be other factors that cause results 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 cou ld differ materially from those

anticipated in such s tatements. Almaden disclaims any 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

reliance on forward-looking statements.

Contact Information:

Almaden Minerals Ltd.

Tel. 604.689.7644

Email: [email protected]

http://www.almadenminerals.com/