Mr. J. Duane Poliquin reports

ALMADEN ANNOUNCES MANAGEMENT TRANSITION

Almaden Minerals Ltd. has appointed Douglas McDonald as president and chief executive officer. Morgan Poliquin has been appointed vice-chair of the company.

Mr. McDonald joined Almaden in 2014 as vice-president, corporate development, and was subsequently appointed executive vice-president in 2021. He has over 25 years of experience in the resources and foreign trade and resource policy arenas. Prior to joining Almaden, Mr. McDonald was vice-president, investment banking, with Salman Partners Inc., a leading independent, resource-focused investment dealer. He also spent six years as a foreign service officer with the Canadian government, where he worked in Canada and abroad on international trade policy matters. Mr. McDonald graduated from the University of British Columbia with a bachelor of commerce degree and a master of applied science degree specializing in mineral economics. Over the past several years, Mr. McDonald has been intimately involved in managing the company's response to the actions of the Mexican government.