Mr. Duane Poliquin reports

ALMADEN ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Almaden Minerals Ltd. has released the results of its annual general meeting (AGM) held on June 28, 2023.

All of the matters submitted to the shareholders for approval as set out in the company's notice of meeting and information circular were approved by the requisite majority of votes cast at the AGM.

The details of the voting results for the election of directors are set out in the attached table.

Nominee                     Votes for       Votes withheld   

Duane Poliquin     34,486,083 (98.18%)      638,653 (1.82%)
Morgan Poliquin    34,421,128 (98.00%)      703,608 (2.00%)
Elaine Ellingham   33,757,307 (96.11%)    1,367,429 (3.89%)
Alfredo Phillips   34,424,529 (98.01%)      700,207 (1.99%)
Kevin O'Kane       33,696,327 (95.93%)    1,428,409 (4.07%)
Ria Fitzgerald     33,734,290 (96.04%)    1,390,446 (3.96%)

A total of 58,509,314 common shares, representing 42.64 per cent of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM.

Shareholders also approved the appointment of Davidson & Company LLP as auditor of the company for the ensuing year, approved the unallocated options, rights and other entitlements under the company's stock option plan, and approved the reconfirmation of the company's shareholder rights plan.

Final results for all matters voted on at the AGM will be filed on SEDAR, on EDGAR and on the company's website.

About Almaden Minerals Ltd.

Almaden Minerals discovered the Ixtaca project in Puebla state, Mexico, in 2010. Almaden's interest in the Ixtaca project is subject to a 2.0-per-cent net smelter return royalty held by Almadex Minerals. 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 gram per tonne 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 National Instrument 43-101, is available under the company's profile on SEDAR and on the company's website.