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Almaden Announces Notification of Court Decision and Updates Progress on Environmental Permit Application and Human Rights Impact Assessment

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Almaden Minerals Ltd.

Almaden Minerals Ltd.

VANCOUVER, British Columbia, July 04, 2022 (Globe NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “the Company” TSX: AMM NYSE American: AAU) experiences that, further more to its press releases of April 27 and February 17, 2022, Mexico’s Ministry of the Economic system (“Economia”) has now been officially notified of the April, 2022 final decision of the Supreme Court of Justice of Mexico (“SCJN”), and has in switch notified Almaden that the Company’s mineral titles relating to the Ixtaca undertaking are “ineffective” but that the Company’s mineral title purposes have been submitted in conformity with the Mexican mineral title law. The Business understands this to necessarily mean that the mineral title has reverted to software standing, and that these purposes protect the mineral legal rights for Almaden but do not make it possible for the Enterprise to engage in exploration, till these kinds of time as Economia completes its court docket-requested indigenous consultation in the space included by the mineral title applications.

Duane Poliquin, Chair of Almaden, said, “With the completion of this authorized scenario, the ball is now in Economia’s court to swiftly and effectively finish all the needs and re issue the mineral titles. Even though it is the government’s obligation to appropriate its mineral title issuance techniques, Almaden stands ready to cooperate in any manner it can.”

As earlier reported, in its closing choice the SCJN normally takes observe of the software of international legislation and jurisprudence to the implementation of consultation by Mexican authorities with appropriate indigenous communities. The last selection provides further depth to Mexican authorities concerning the processes expected to be followed by those authorities in the functionality of indigenous session prior to the grant of mineral statements. The choice also clarifies that until there is a significant affect on the legal rights of an indigenous group brought on by the granting of the mineral title, these kinds of as relocation or anything very similar, title issuance is not dependent on the consent of the indigenous neighborhood in problem. As previously disclosed, the Firm has no curiosity in holding mineral claims more than the land of the indigenous group which initiated this authorized circumstance.

Almaden looks ahead to interacting with authorities in Mexico in buy to clarify up coming steps and facilitate to the extent feasible the government’s execution of its duties in the issuance of the mineral titles. At current there is no outlined timeline for the session course of action.

With regards to the environmental permit software (“MIA”) and Human Legal rights Affect Evaluation (“HRIA”), the Enterprise is pleased to report that the MIA application is considerably full. Almaden appears to be forward to staying in a situation to submit the MIA application once the HRIA doc (see down below) and the indigenous session about the mineral title issuance, are finalized.

The Firm continues to advance the HRIA, which aims to predict, determine, characterize, and evaluate the impacts that the Ixtaca task may perhaps have on human rights, as well as to propose methods which amplify the beneficial impacts and mitigate or compensate for any negative types. While not a need less than Mexican law, the Business thinks that completion of an HRIA reflects most effective intercontinental specifications and makes considerable extended-expression worth for stakeholders as it is conducive to operational continuity, community integration with the job, and culturally pertinent sustainable advancement for all stakeholders.

This critical workout consists of substantial field function beneath the oversight of an Advisory Committee comprised of regional group associates and subject matter-subject gurus. Significant progress has been made on the HRIA and the Firm anticipates that it will be finalised this calendar year.

About Almaden

Almaden Minerals Ltd. owns 100% of the Ixtaca undertaking in Puebla Condition, Mexico, topic to a 2.% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit hosts a tested and possible reserve that contains 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading .59 g/t Au and 36.3 g/t Ag). A report titled “Ixtaca Gold-Silver Task, Puebla Point out, Mexico NI 43-101 Complex Report on the Feasibility Study”, which was organized in accordance with NI 43-101, is accessible underneath the Company’s profile on SEDAR and on the Company’s web page. The Ixtaca Gold-Silver Deposit was discovered by Almaden in 2010.

On Behalf of the Board of Administrators,

“J. Duane Poliquin”
J. Duane Poliquin
Chairman
Almaden Minerals Ltd.

Protected Harbor Statement

Certain of the statements and info in this news release constitute “forward-hunting statements” inside of the that means of the United States Private Securities Litigation Reform Act of 1995 and “forward-on the lookout information” in just the that means of relevant Canadian provincial securities regulations. All statements, other than statements of historical simple fact, are forward-wanting statements or data. Ahead-looking statements or information and facts in this information release relate to, amid other matters, that the determination clarifies that the Company’s mineral rights at the Ixtaca project are shielded though the mining authorities perform any required consultations prior to granting formal title, Almaden potentially interacting with Mexican governing administration officers and area local community officials in get to aid the government’s execution of its responsibilities, the timing and processes for any session by the Ministry of the Economic climate with indigenous communities, the timing and strategies for the Ministry of the Economic climate to situation mineral titles to Almaden, the timing of completion and/or submission of the environmental permit software and human legal rights impact evaluation, and the possible of the HRIA to be conducive to operational continuity, group integration with the challenge, and culturally pertinent sustainable improvement for all stakeholders.

These ahead-seeking statements and data replicate the Company’s existing sights with respect to long term activities and are necessarily centered on a selection of assumptions that, though considered sensible by the Business, are inherently subject to substantial authorized, regulatory, small business, operational and economic uncertainties and contingencies, and such uncertainty frequently will increase with longer-term forecasts and outlook. These assumptions involve: security and predictability in Mexico’s consultation system with indigenous communities and judicial choices thereon security and predictability in Mexico’s mineral tenure, mining, environmental and agrarian rules and restrictions, as very well as their application and judicial decisions thereon ongoing regard for the rule of legislation in Mexico costs for gold, silver and foundation metals remaining as believed currency trade prices remaining as estimated availability of resources cash, decommissioning and reclamation estimates mineral reserve and useful resource estimates prices for vitality inputs, labour, components, materials and solutions (which includes transportation) no labour-linked disruptions all essential permits, licenses and regulatory approvals getting been given in a timely method the skill to protected and keep title and possession to qualities and the surface area rights required for functions local community help in the Ixtaca Job and the skill to comply with environmental, well being and safety laws. The foregoing record of assumptions is not exhaustive.

The Firm cautions the reader that forward-on the lookout statements and data include acknowledged and unfamiliar hazards, uncertainties and other variables that might bring about actual final results and developments to differ materially from these expressed or implied by these types of forward-searching statements or data contained in this information release. Such hazards and other elements consist of, amid many others, dangers related to: Mexico’s session method with indigenous communities and possible litigation in regard thereof political danger in Mexico criminal offense and violence in Mexico corruption environmental threats, which includes environmental matters less than Mexican legal guidelines and polices impact of environmental impression assessment requirements on the Company’s planned exploration and enhancement actions on the Ixtaca Project certainty of mineral title and the outcome of litigation group relations governmental rules and the means to obtain vital licences and permits threats similar to mineral attributes getting matter to prior unregistered agreements, transfers or statements and other problems in title changes in mining, environmental or agrarian legal guidelines and regulations and variations in the software of benchmarks pursuant to current rules and polices which may possibly maximize fees of carrying out organization and limit functions as effectively as those components reviewed the part entitled “Chance Components” in Almaden’s Once-a-year Info Kind and Almaden’s newest Sort 20-F on file with the United States Securities and Trade Commission in Washington, D.C. Whilst the Company has attempted to recognize essential aspects that could impact the Firm and may trigger precise actions, gatherings or effects to differ materially from all those described in forward-seeking statements or information and facts, there may be other factors that bring about steps, gatherings or outcomes not to be as predicted, approximated or intended. There can be no assurance that our forward-seeking statements or information will verify to be exact. Appropriately, readers should not place undue reliance on ahead-looking statements or facts. Besides as necessary by law, the Corporation does not believe any obligation to release publicly any revisions to on ahead-on the lookout statements or info contained in this information launch to mirror gatherings or instances right after the date hereof or to replicate the occurrence of unanticipated situations.

Get hold of Details:

Almaden Minerals Ltd.
Tel. 604.689.7644
Electronic mail: [email protected]
http://www.almadenminerals.com/

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