Mr. J. Duane Poliquin reports

ALMADEN ANNOUNCES COMPLETION OF ROCK CREEK MILL SALE AND REPAYMENT OF GOLD LOAN WITH ALMADEX

Almaden Minerals Ltd. has closed the sale of certain assets comprising the Rock Creek mill to Metals Exploration PLC (AIM: MTL) and received aggregate gross proceeds of $9.7-million (U.S.) (see press release dated March 3, 2025). Fifteen per cent of the purchase price was payable as a commission by Almaden to an equipment sales broker. With the completion of the transaction, Almaden will now proceed with the early repayment of the outstanding gold loan pursuant to the secured gold loan agreement, as amended, between Almaden and Almadex Minerals Ltd. (see press release dated May 22, 2025). The gold loan will be settled by the return of the undrawn balance of 397 ounces, along with physical delivery of gold bullion of 99.99-per-cent purity to Almadex representing the outstanding loan balance (including accrued interest and standby fees) of $5,194,354 (U.S.), with the amount of gold bullion determined based on the prevailing London Bullion Market Association AM gold price in U.S. dollars as of the time of settlement.

We seek Safe Harbor.