Almaden reviews progress for 2021, discusses plans for 2022

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VANCOUVER, British Columbia, December 20, 2021 (GLOBE NEWSWIRE) – Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) is pleased to look back on the important work accomplished in 2021 and outline our ambitions for 2022. The Company is optimistic that the work accomplished this year positions us favorably to move the Ixtaca project forward next year.

Duane Poliquin, President of Almaden, said: “Our renewed team of consultants have defined a clear strategy and made excellent progress this year with the documents required for our revised environmental permit application. We are aware of and respectful of recent statements made by officials of the Mexican environmental authority to the effect that they will apply very strict standards to environmental permit applications for surface mining projects. For this reason, our team of consultants have been tasked with completing their work in a way that goes well beyond Mexico’s legal and regulatory frameworks. Ixtaca is a project whose environmental footprint benefits enormously from its local geography and geology, and we are confident that it can meet the highest global development standards. We are well positioned financially and look forward to a productive year in 2022 ”.

Environmental permit request

During the year, consultants worked on updating flora and fauna studies for the dry and wet seasons. Fieldwork was delayed for some time as the local municipality faced an outbreak of COVID-19, and the company expects the permit application to be ready for submission in the first half of 2022.

Human Rights Impact Assessment (“HRIA”)

The company has now formally convened the external advisory committee which will provide input on the design, methodology and reporting of the HRIA, advise the HRIA consultation team on the identification of on-site stakeholders, and complete the review. HRIA Consulting Team with their knowledge and understanding. national and local context for the impact that project activities could have on human rights, among others. Fieldwork on the HRIA is also underway and in the first quarter will focus on consultations on social investment plans. The Company expects this work to be completed in the first half of 2022.

Lawsuit on mining titles

As previously reported, the plaintiffs in this lawsuit are using Almaden’s mining concessions to sue the Mexican government (President, Congress, Ministry of the Economy, Directorate of Mines, Land Registry Office) claiming that the Mexican title regime mining is unconstitutional. As reported on April 14, 2021, Mexico’s Supreme Court of Justice (“SCJN”) has already ruled, in a similar case, that Mexico’s mining title regime is constitutional. The Almaden mining claims case is now in the SCJN, and the Company is optimistic about the decision to issue a ruling in the second half of 2022.

For the record, in April 2019, a lower court in the state of Puebla ruled that Mexico’s mining title regime is unconstitutional because consultation with indigenous communities is not required before granting ‘a mining title. The lawsuit used the company’s mining claims to argue. For more information, see the Company’s press releases of April 14, 2021, February 27, 2020 and April 15, 2019.

Community engagement

With the mitigation of COVID-19 concerns at the local level and with the support and involvement of local health authorities, the Company is pleased to have been able to cautiously reconnect with friends in local communities over the past few months. The company recently hosted an outdoor year-end reunion in a large open space and is very grateful for the continued support and optimism from local communities regarding the future of the project and the tremendous value we can collectively bring. to the region thanks to the development of the project. .

Drilling activities

As of the October 7, 2021 press release, three additional exploration drill holes have been completed in the large high-level epithermal target zone of the Southeast Alteration Zone that extends south of the Ixtaca deposit. No significant gold and silver analysis was returned from these holes which encountered weathered volcaniclastic rocks overlying basement carbonates and shales – with volcanic rocks and sediments locally penetrated by dykes. The geological observations and complete analytical data will be analyzed and additional mineral studies will be carried out on the core to identify any geochemical or mineral vectors in order to plan the follow-up work in this area.

Norm Dircks, P.Geo., Is a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the technical contents of this press release.

About Almaden

Almaden Minerals Ltd. owns 100% of the Ixtaca project in the state of Puebla, Mexico, subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit contains a proven and probable reserve containing 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading 0.59 g / t Au and 36, 3 g / t Ag). A report entitled “Ixtaca Gold-Silver Project, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Study”, which has been prepared in accordance with NI 43-101, is available under the Company’s profile on SEDAR and on the Company’s website. . The Ixtaca gold-silver deposit was discovered by Almaden in 2010.

On behalf of the Board of Directors,

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

Safe Harbor Declaration

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. The forward-looking statements or information contained in this press release concern, among others: the Company’s ability to advance its environmental impact assessment documents, the Company’s plans to carry out a HRIA, the work of the Advisory Committee, standards to which an HRIA and Environmental Permit Application (“IAM”) would be completed, future exploration plans, and the timing of any SCJN decision regarding the mining title suit.

These forward-looking statements and information reflect the Company’s current views regarding future events and are necessarily based on a number of assumptions, including assumptions regarding Almaden’s financial condition, which, although considered reasonable by the Company , are inherently subject to legal, regulatory, business, operational and economic uncertainties and contingencies, and this uncertainty generally increases with longer-term forecasts and prospects. Those assumptions include: the stability and predictability of Mexican mineral tenure, mining, environmental and agrarian laws and regulations, and their enforcement and related court decisions; continued respect for the rule of law in Mexico; the prices of gold, silver and base metals remaining as estimated; remaining exchange rates as estimated; availability of funds; capital, decommissioning and reclamation estimates; estimates of mineral reserves and resources; the prices of energy inputs, labor, materials, supplies and services (including transport); no work stoppage; all necessary permits, licenses and regulatory approvals are received in a timely manner; the ability to obtain and retain title and ownership of properties and surface rights necessary for operations; community support for the Ixtaca project; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors which may cause actual results and developments to differ materially from those expressed or implied by such statements or information. forward-looking statements contained in this press release. . These risks and other factors include, among others, risks related to: political risk in Mexico; crime and violence in Mexico; Corruption; environmental risks, including environmental issues under Mexican laws and regulations; the impact of environmental impact assessment requirements on exploration and development activities planned by the Company on the Ixtaca project; the certainty of the mining title and the outcome of litigation; community relations; government regulations and the ability to obtain necessary licenses and permits; risks associated with mining properties subject to prior unregistered agreements, transfers or claims and other defects of title; changes in mining, environmental or agrarian laws and regulations and changes in the application of standards in accordance with existing laws and regulations which may increase the costs of doing business and restrict operations; as well as these factors have been the subject of the section entitled “Risk Factors” of Almaden’s annual information form and of Almaden’s latest Form 20-F filed with the United States Securities and Exchange Commission in Washington, DC Although the Company has attempted to identify important factors which could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements or information, there may be other factors which cause actions, events or results not to be those anticipated, estimated or foreseen. There can be no assurance that our forward-looking statements or information will prove to be accurate. Therefore, readers should not place undue reliance on forward-looking statements or information. Except as required by law, the Company assumes no obligation to publish any revisions to any forward-looking statements or to information contained in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.

Contact details:

Almaden Minerals Ltd.
Phone. 604.689.7644
Email: [email protected]
http://www.almadenminerals.com/


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