Almaden signs new and expanded cooperation agreement with Ixtaca project’s host community group, The Canadian Business Journal

VANCOUVER, British Columbia, September 21, 2022 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “we”, TSX: AMM, NYSE American: AAU) recently signed two new agreements with nonprofits founded by residents of the local towns of Sacatepec and Santa Maria Zotortepec, the two communities closest to the Iztaca Project in the state of Puebla, Mexico.

These agreements set out the conditions under which we will continue to support the human right to water in local communities through immediate improvements to local water infrastructure, and will set the priorities identified by 2017 after the Ixtaca project is licensed. establish a foundation for long-term cooperation on EVIS (see press release of 12 December 2017) and ongoing independent human rights impact assessments commissioned by us (see press release of 19 October 2021). This agreement evolves from human rights impact assessments and facilitates the formulation and implementation of social management plans for projects that bear in mind the United Nations Sustainable Development Goals.¹ As reflected in the priorities of the UN Agenda 2030² (See press release dated July 6, 2022).

Zacatepec reaffirmed its agreement with the ‘Irrigation Group of Small Producers of Zacatepec AC’ (‘IGSP’), first announced in March 2020, to support them and Mexico’s Water Administration (‘CONAGUA’). promised to cooperate with Build agricultural reservoirs and associated pump and drip irrigation systems to support local agriculture. The reservoir and infrastructure were completed some time ago and the company is now helping expand the irrigation system. A video made following the initial construction of this dam can be viewed on YouTube (https://youtu.be/-mhnTl0dOoM).

IGSP said: Savings and greater economic benefits for its members, and well-being for our community. Zacatepec is located approximately 1km from the Ixtaca project footprint.

At Santa Maria Zotoltepec (“SMZ”), the Company has entered into an agreement with “United Ejidatarios for Sustainable Development of Santa Maria Zotoltepec, AC” (“EJUNDS”) to contribute immediately in support of the Company. concluded. construction of similar agricultural reservoirs and pump and drip irrigation systems with similar characteristics to those constructed in Sacatepec, and continued support for agricultural technology packages aimed at sustainable plant nutrition and soil enrichment; contribution. In the long term, the agreement commits the parties to work together under a social management plan for projects that pursue multiple UN Sustainable Development Goals. As this is his first formal contract with EJUNDS, a signing ceremony was recently held in the community.

EJUNDS said: Once the Ixtaca project is licensed and operational, we will allow you to monitor its development and operations. The SMZ is located approximately 1.5 kilometers from the Ixtaca project footprint.

Both of the above agreements demonstrate that the signatories have consulted with us in an informed and respectful manner over many years and that they understand the scope of exploration and proposed mining activities at Ixtaca. increase. These consultations and agreements form the basis for the commitments that evolve from the Ixtaca Project Social Management Plan.

Almaden Chairman Duane Poliquin said: Sacatepec has seen how effective the agricultural reservoirs are, and Santa Maria he looks forward to seeing Zotortepec benefit from similar developments. Perhaps more importantly, these agreements provide key elements of the company’s human rights policy, such as water rights, education, health, opportunity, labor rights, environment and culture, together with community members. It is now possible. We look forward to continued culturally appropriate collaboration and information sharing with these and other groups to properly capture the opportunities presented by the Ixtaca project. ”

¹https://sdgs.un.org/goals
²https://sdgs.un.org/2030agenda

About Almaden

Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla, Mexico. This is subject to his NSR royalty of 2.0% held by Almadex Minerals Ltd. The Ixtaca deposit contains 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tons with gradings of 0.59 g/t 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” prepared pursuant to NI 43-101 is available on SEDAR’s company profile and company website . The Ixtaca gold and silver deposit was discovered by Almaden in 2010.

On behalf of the Board of Directors,

“J. Duane Polikin”
J. Duane Polikin
Chair
Almaden Minerals Limited

safe harbor declaration

Certain statements and information contained in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and “forward-looking statements” within the meaning of applicable Canadian provincial securities laws. configure information. All statements other than statements of historical fact are forward-looking statements or information. Any forward-looking statements or information in this news release are based on, among other things, the construction of an agricultural dam and related infrastructure in the community of Santa Maria Zotltepec, the potential permitting and development of the Ixtaca project, and our ongoing collaboration with EJUNDS and IGSP. cooperation and the potential of the Ixtaca project to advance the United Nations Sustainable Development Goals.

These forward-looking statements and information reflect our current view of future events and are necessarily subject to, although we believe to be reasonable, important legal, regulatory, business and It is based on many assumptions that are inherently subject to operational and economic uncertainty. Such uncertainties generally increase with long-term forecasts and prospects.these are Assumptions include: Stability and predictability in consultation processes with indigenous communities in Mexico, and judicial rulings thereon. The stability and predictability of Mexico’s mineral tenure, mining, environmental and agricultural laws and regulations, and their application and judicial decisions. Continued respect for the rule of law in Mexico. Prices for gold, silver and base metals are as estimated. The exchange rate is as estimated. availability of funds; capital, decommissioning and reclamation estimates; estimates of mineral reserves and resources; prices of energy inputs, labor, materials, equipment and services (including transportation); No labor-related disruptions. All required permits, licenses and regulatory approvals have been received in a timely manner. Ownership and ownership of assets and the ability to secure and maintain surface rights necessary to operate. Community support on the Ixtaca project. Ability to comply with environmental, health and safety laws. The preceding list of assumptions is not exhaustive.

The Company assumes that forward-looking statements and information involve known and unknown risks, uncertainties and other factors and that actual results and developments may not be forward-looking statements contained in this news release. Readers are cautioned that they may differ materially from those expressed or implied by statements or information relating to Such risks and other factors include, among others, risks related to: Political risk in Mexico. Crime and Violence in Mexico. corruption; and environmental risks, including environmental issues under Mexican laws and regulations. The impact of environmental impact assessment requirements on our planned exploration and development activities at the Ixtaca Project. Certainty of Mineral Ownership and Litigation Outcomes. community relations; government regulations and the ability to obtain necessary licenses and permits; prior unregistered contracts, risks associated with mineral properties subject to assignment or claims, and other defects of ownership; changes in mining, environmental or agricultural laws and regulations, and in accordance with existing laws and regulations; Changes in the application of standards can increase the cost of doing business and restrict operations. As well as those factors described in the section entitled “Risk Factors” of Almaden’s Annual Information Form and Almaden’s most recent Form 20-F filed with the U.S. Securities and Exchange Commission in Washington, DC; , actual actions, events or results could differ materially from those set forth in the forward-looking statements or information. In addition, there may be other factors that cause actions, events or results to be unanticipated, estimated or intended. There can be no assurance that our forward-looking statements or information will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by law, we make no forward-looking statements contained in this news release to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events. We undertake no obligation to publicly release revisions to any statements or information.

contact address:

Almaden Minerals Limited
Phone number 604.689.7644
Email: [email protected]
http://www.almademinerals.com/

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