Mr. Morgan Poliquin reports

ALMADEX ANNOUNCES SALE OF ROYALTY INTERESTS

Almadex Minerals Ltd. has entered into a royalty purchase agreement with Empress Royalty Corp. pursuant to which Almadex and certain of its subsidiaries have agreed to sell to Empress a portfolio of net smelter return royalty interests on mineral properties in Canada, the United States and Mexico for aggregate consideration of $2.5-million (U.S.).

The consideration payable to Almadex consists of $1-million (U.S.) in cash and 2,562,802 common shares of Empress, having an agreed value of $1.5-million (U.S.). The royalty portfolio includes certain 1.5-per-cent and 2.0-per-cent net smelter return royalties on precious and base metal projects, including royalties located in Mexico, British Columbia, Yukon and Nevada.

Closing of the transaction is subject to customary closing conditions, including receipt of applicable third party consents and acknowledgements and approval of the TSX Venture Exchange for the issuance and listing of the Empress shares. The Empress shares issued to Almadex will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

About Almadex Minerals Ltd.

Almadex Minerals is a mineral exploration company focused on base and precious metals in the western United States. The company owns several portable diamond drill rigs, enabling it to conduct cost-effective first-pass exploration drilling in house.

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