Mr. Morgan Poliquin reports

ALMADEX ANNOUNCES COMPLETION OF SALE OF ROYALTY INTERESTS

Almadex Minerals Ltd. has completed the previously announced sale to Empress Royalty Corp. of 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 paid to Almadex consisted 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.

The Empress shares issued to Almadex are 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 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.

We seek Safe Harbor.