Mr. J. Duane Poliquin reports

ALMADEX MINERALS LTD. GRANTS STOCK OPTIONS

Pursuant to its stock option plan, Almadex Minerals Ltd. has granted stock options to directors, officers, consultants and employees of the company to purchase an aggregate 2,693,200 common shares in the capital of the company at an exercise price of 31 cents per share expiring on May 12, 2028.

About Almadex Minerals Ltd.

Almadex is an exploration company that holds a large mineral portfolio consisting of projects and NSR (net smelter return) royalties in Canada, the United States and Mexico. This portfolio is the direct result of many years of prospecting and deal making by Almadex's management team. The company owns a number of portable diamond drill rigs, enabling it to conduct cost-effective first-pass exploration drilling in-house.