Almadex Sells Its Interest IN Skoonka Property
NEWS RELEASE
May 24, 2017
Trading Symbols:
TSX-V: AMZ; OTCQB: AXDDF
www.almadexminerals.com
ALMADEX SELLS ITS INTEREST IN SKOONKA PROPERTY
VANCOUVER, B.C. Almadex Minerals Limited (the "Company") (TSX-V: A MZ; OTCQB: AXDDF ) is pleased to
announce that it has signed a n agreement (the “Agreement”) with Westhaven Ventures Inc. (“Westhaven”) and
Strongbow Exploration Ltd. (“Strongbow”), pursuant to which Westhaven will acquire the Skoonka Creek g old
property (the “Property”), which is currently held by Strongbow and Almadex pursuant to a 65.74%/34.26% joint
venture.
In exchange for its interest in the Property , Almadex will receive , on closing of the transaction, 700,000 shares of
Westhaven and a 2.0% net smelter return royalty on the Property. Closing of the transaction is subject to acceptance
for filing of the agreement by the TSX Venture Exchange. No finder’s fees were paid with respect to this transaction.
The Company’s Chairman, J. Duane Poliquin commented, “ This agreement allows Westhaven to focus on this
promising property along with its other properties in the Spences Bridge gold district in British Columbia. Almadex
remains exposed to these efforts through its share and royalty interests. Almadex’s own technical and field work
continues to be focused on the El Cobre project in Mexico.”
About the Company
Almadex Minerals Limited 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 over 35 years of prospecting and
deal-making by the Company’s predecessor company, Almaden Minerals Ltd.
On behalf of the Board of Directors,
“Morgan Poliquin”
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
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. 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,
continued availability of capital and financing, and general economic, market or business conditions. There can be no assuran ces
that such statements will p rove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.
We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities
laws.
Contact Information:
Almadex Minerals Limited
Tel. 604.689.7644
Email: [email protected]
http://www.almadexminerals.com/