Mr. Duane Poliquin reports

ALMADEX ACQUIRES FIVE NEW TARGET AREAS IN WESTERN AND SOUTHWESTERN USA

Almadex Minerals Ltd. has acquired five target areas in western and southwestern United States through staking. The areas were targeted using Almadex's understanding of metallogenic, structural and magmatic hydrothermal systems in North America and follows work commenced in the United States by Almadex's predecessor in 2007. This program's primary focus is porphyry copper-molybdenum and epithermal gold-silver styles of mineralization.

Preliminary mapping and sampling of the newly acquired target areas have commenced. Once preliminary work has been completed and evaluated, Almadex will announce the results and any projects defined for further detailed exploration work. Generative exploration work continues and remains focused on the southwestern and western U.S. where Almadex has extensive data, experience, and a conceptual geologic targeting methodology and internal models. Almadex is currently evaluating several other areas for additional acquisition as this work progresses.

J. Duane Poliquin, chairman of Almadex, stated: "It is very exciting to focus our generative exploration on the United States. Our business is to find and define new mineral resources in North America for stakeholders to develop. Our approach is to generate new targets through conceptual exploration and acquire them through staking if possible. We look forward to reporting results of this work and the project definition work currently under way on the new acquisitions."

Almadex has dropped several of its legacy projects in Mexico including Yago and Lajas where exploration progress is challenged by numerous impediments to timely progress. The company looks forward to further updating shareholders on its progress in the coming weeks and months as exploration progresses and results become available and are interpreted.

Qualified persons

Morgan J. Poliquin, PhD, PEng, the president and chief executive officer of Almadex and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical contents of this news release.

About Almadex Minerals Ltd.

Almadex Minerals 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.

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