Almaden Provides Corporate Update
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NEWS RELEASE
April 27, 2022
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
Almaden Provides Corporate Update
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU)
is pleased to report that, further to its press release of February 17, 2022, the Supreme Court of Justice of Mexico
(“SCJN”) has published on the website of the SCJN its final decision regarding the mineral claim lawsuit . The
Company has not yet been formally notified of this decision, but expects to be shortly.
Based on the initial review by Mexican counsel, the SCJN has expanded on the application of international law
and jurisprudence to the implementation of consultat ion by Mexican authorities with relevant indigenous
communities. The final decision also provides additional detail to Mexican authorities regarding the procedures
required to be followed by those authorities in the performance of indigenous consultation prior to the grant of
mineral claims. Furthermore, the decision clarifies that the Company’s original claim applications were submitted
pursuant to the legal framework in force at the time and as such Almaden’s mineral rights at the Ixtaca project are
safeguarded while the mining authorities comply with conditions and requirements prior to issuing the mineral
titles. As previously disclosed, the Company has no interest in holding mineral claims over the indigenous
community’s land.
Almaden intends to interact with Mexican government officials and local community officials in order to facilitate
to the extent possible the government’s execution of its responsibilities in the issuance of the mineral titles. At
present there is no timeline for the consultation process.
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 deposit hosts 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 Report 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. 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.
Safe Harbor Statement
Certain of the statements and information in this news release constitute “forward -looking statements” within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and “forward -looking information” within the meaning of
applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward -looking
statements or information. Forward-looking statements or information in this news release relate to, among other things, that
the decision clarifies that the Company’s mineral rights at the Ixtaca project are protected while the mining authorities conduct
any necessary consultations prior to granting formal title, the timing of official notification of the final decision, t he timing and
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procedures for any consultation by the Ministry of the Economy with indigenous communities and the timing and procedures
for the Ministry of the Economy to issue mineral titles to Almaden.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are
necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject
to significant legal, regulatory, business, operational and econo mic uncertainties and contingencies, and such uncertainty
generally increases with longer-term forecasts and outlook. These assumptions include: stability and predictability in Mexico’s
consultation process with indigenous communities and judicial decisions thereon; stability and predictability in Mexico’s mineral
tenure, mining, environmental and agrarian laws and regulations, as well as their application and judicial decisions thereon;
continued respect for the rule of law in Mexico; prices for gold, silver and base metals remaining as estimated; currency
exchange rates remaining as estimated; availability of funds; capital, decommissioning and reclamation estimates; mineral
reserve and resource estimates; prices for energy inputs, la bour, materials, supplies and services (including transportation);
no labour-related disruptions; all necessary permits, licenses and regulatory approvals being received in a timely manner; the
ability to secure and maintain title and ownership to properti es and the surface rights necessary for operations; community
support in the Ixtaca Project; and the ability to comply with environmental, health and safety laws. The foregoing list of
assumptions is not exhaustive.
The Company cautions the reader that forward -looking statements and information involve known and unknown risks,
uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or
implied by such forward-looking statements or information contained in this news release. Such risks and other factors include,
among others, risks related to: Mexico’s consultation process with indigenous communities and potential litigation in respect
thereof; political risk in Mexico; crime and violence in Mexico; corruption; environmental risks, including environmental matters
under Mexican laws and regulations; impact of environmental impact assessment requirements on the Company’s planned
exploration and development activities on the Ixtaca Project; certainty of mineral title and the outcome of litigation; community
relations; governmental regulations and the ability to obtain necessary licences and permits; risks related to mineral properties
being subject to prior unregistered agreements, transfers or claims and other defects in title; changes in mining, environmental
or agrarian laws and regulations and changes in the application of standards pursuant to existing laws and regulations which
may increase costs of doing b usiness and restrict operations; as well as those factors discussed 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 the Company has attempted to identify important factors that could affect
the Company and may cause actual actions, events or results to differ materially from those described in forward -looking
statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated
or intended. There can be no assurance that our forward -looking statements or information will prove to be accurate.
Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by law,
the Company does not assume any obligation to release publicly any revisions to on forward-looking statements or information
contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Contact Information:
Almaden Minerals Ltd.
Tel. 604.689.7644
Email: [email protected]
http://www.almadenminerals.com/