Almadex Announces TSXV Approval of Option Agreement and Management Changes
NEWS RELEASE
October 3, 2025
Trading Symbols: TSX-V: DEX
www.almadexminerals.com
Almadex Announces TSXV Approval of Option Agreement and Management Changes
VANCOUVER, B.C. Almadex Minerals Ltd. (“Almadex” or the “Company”) (TSX-V: “DEX”) announces that
the TSX Venture Exchange has approved the Company’s previously announced Option -Joint venture
exploration agreement with Azucar Minerals Ltd. (“ Azucar”) whereby Azucar has the option to acquire a
60% interest in three of Almadex’s wholly owned blocks of claims in Nevada, the Pilot, Confusion Hills and
Red Ring prospect (see press release dated May 1, 2025).
The Company also announces that Douglas McDonald has resigned from all his roles in the Company,
including as Director and Executive V ice President , effective October 2, 2025 but will continue in an
advisory role to support related succession initiatives and ongoing business activities.
About Almadex
Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects
and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of
prospecting and deal -making by Almadex’s management team. The Company owns several portable
diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house.
On behalf of the Board of Directors,
“Morgan Poliquin”
Morgan Poliquin, President and CEO
Almadex Minerals Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than
statements of historical fact, are to be considered forward looking. Forward -looking statements in this news release include, among
other things: whether Azucar will exercise the option in respect of any of the projects; and our expectation that Douglas McDonald will
continue in an advisory role to support related succession initiatives and ongoing business activities. Although the Company believes
the expectations expressed in such forward -looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.
Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation
and exploration successes, permitting, continued availability of capital and financing, equip ment availability and general economic,
market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking
statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company
does not assume any obligation to update any forward -looking statements, other than as required pursuant to applicable securities
laws.
Contact Information:
Almadex Minerals Ltd.
Tel. 604.689.7644
Email: [email protected]
http://www.almadexminerals.com/