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

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NEWS RELEASE

May 17, 2017

Trading Symbols:

TSX: AMM; NYSE MKT: AAU

www.almadenminerals.com

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

MEXICO

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

announces that the independent NI 43 -101 Pre -Feasibility Study of the Ixtaca Gold -Silver Project located in

Puebla State, Mexico (the "P FS"), has been filed on SEDAR. A summary of findings fr om the PFS was

announced in Almaden’s press release issued April 3 rd, 201 7. 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 PFS are Tracey Meintjes, P.Eng. and Jesse

Aarsen, P.Eng. of MMTS, Ken Embree, P.Eng. of Knight Piésold Ltd., Kris Raffle, P.Geo. of APEX Geoscience

Ltd., and Gary Giroux, M.A.Sc., P.Eng. of Giroux Consultants Ltd., 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 Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca

Gold-Silver Deposit, which 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 accuracy 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/