Mr. Morgan Poliquin reports

ALMADEX ANNOUNCES THAT DRILLING IS UNDERWAY AT THE PARADISE PROJECT, NEVADA

Diamond drilling has commenced at Almadex Minerals Ltd.'s Paradise project in Nevada.

The current drill program has been designed to test lithocap targets for potential underlying copper-gold porphyry mineralization. As described in its news release of Feb. 27, 2024, Almadex defined a porphyry copper-gold target at Paradise through mapping and soil geochemistry. The company has now completed the first hole and has started a second. Morgan J. Poliquin, president, chief executive officer and a director of the company, commented: "Testing the lithocap target at Paradise is a milestone for the company. We hope this initial program will provide a much better understanding of this system and a vector to a porphyry centre within the large area of lithocap alteration our work has defined. We look forward to providing results once received."

Qualified persons

Morgan Poliquin, PhD, PEng, the president and CEO 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 several portable diamond drill rigs, enabling it to conduct cost-effective first-pass exploration drilling in house.

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