Mr. Morgan Poliquin reports

ALMADEX ANNOUNCES STAKING OF EPITHERMAL PRECIOUS METALS PROSPECT, IDAHO USA

Almadex Minerals Ltd. has acquired the Fountain Ridge epithermal precious metal prospect in western Idaho by staking. The project is located in a region with significant known epithermal gold-silver deposits such as Grassy Mountain, Oregon, and DeLamar, Idaho. The DeLamar deposit in Idaho is located approximately 27 kilometres away from the Fountain Ridge prospect and had reported historic production of approximately one million ounces of gold and 50 million ounces of silver. The Grassy Mountain deposit is located roughly 58 kilometres from the Fountain Ridge prospect. The information disclosed from nearby properties is not necessarily indicative to the mineralization on the Fountain Ridge property.

The Fountain Ridge prospect covers an area of high level (paleo water table) alteration including replacement silicification, argillic alteration and hot spring deposits including features interpreted to be sinter deposits. The alteration is developed in volcanosedimentary and lacustrine units that are overlain by basaltic flows. No significant gold or silver assays were returned from initial grab samples of alteration taken; however, the alteration is consistent with the paleo water table environment of a fossil geothermal system where significant precious metals values are not expected. Further sampling, mapping and some preliminary induced polarization geophysical surveys are planned for the coming months to see if initial drill targets can be generated.

J. Duane Poliquin, chairman of Almadex, commented: "We are pleased to further expand our exploration portfolio by acquiring the Fountain Ridge epithermal prospect. We look forward to reporting advances as exploration progresses."

(1) Feasibility study and technical report on the DeLamar project, Owyhee county, Idaho, United States, Feb. 2, 2026.

Technical details and qualified persons

Morgan J. Poliquin, PhD, PEng, the president and chief executive officer of Almadex, a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical contents of this news release. Daniel Santamaria, PGeo, a qualified person as defined by NI 43-101, is the QP for the Fountain Ridge project, Idaho, and has reviewed and approved the contents of this news release.

About Almadex Minerals Ltd.

Almadex is an exploration company that holds a large mineral portfolio consisting of projects and 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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