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Almaden Minerals Provides Assay Results from Tuligtic Project in Mexico

Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX: AMM) (NYSE MKT: AAU) is pleased to announce further assay results from Almaden's ongoing exploration and development program at the Company's Tuligtic project, Mexico. Results reported today are from drill holes TU-16-482 to 486, 488, 490 and 492 drilled on sections 10+575, 700, 725 and 750 East. The holes intersected significant mineralisation and veining inside or immediately outside of the Amended PEA pit including the previously defined subvertical Ixtaca North vein zone, as well as potential new zones of veining. Highlights from these drillholes include the following intercepts:

Hole TU-16-482  SECTION 10+700 EAST Az. 330, Dip -20
1.00 meter @ 2.23 g/t Au and 119.5 g/t Ag Ixtaca North Zone?
Hole TU-16-483  SECTION 10+575 EAST Az. 340, Dip -50
8.00 meters @ 1.12 g/t Au and 51.6 g/t Ag Ixtaca North Zone
34.20 meters @ 1.11 g/t Au and 72.5 g/t Ag Ixtaca North Zone
Hole TU-16-484  SECTION 10+725 EAST Az. 330, Dip -30
96.00 meters @ 0.34 g/t Au and 41.5 g/t Ag Ixtaca North Zone?
Including 5.50 meters @ 0.78 g/t Au and 144.0 g/t Ag Ixtaca North Zone?
Hole TU-16-485  SECTION 10+575 EAST Az. 340, Dip -70
38.60 meters @ 1.08 g/t Au and 106.2 g/t Ag Ixtaca North Zone
Including 7.00 meters @ 2.20 g/t Au and 253.3 g/t Ag Ixtaca North Zone
32.60 meters @ 1.39 g/t Au and 44.1 g/t Ag Ixtaca North Zone?
Including 7.50 meters @ 3.26 g/t Au and 59.6 g/t Ag Ixtaca North Zone?
Hole TU-16-486  SECTION 10+725 EAST Az. 330, Dip -70
105.00 meters @ 1.20 g/t Au and 87.1 g/t Ag Ixtaca North Zone
Including 5.00 meters @ 1.89 g/t Au and 382.2 g/t Ag Ixtaca North Zone
And 10.50 meters @ 4.70 g/t Au and 132.3 g/t Ag Ixtaca North Zone
Hole TU-16-488  SECTION 10+725 EAST Az. 330, Dip -85
40.00 meters @ 0.49 g/t Au and 79.0 g/t Ag Ixtaca North Zone?
Including 3.00 meters @ 2.24 g/t Au and 326.5 g/t Ag Ixtaca North Zone?
Hole TU-16-490  SECTION 10+725 EAST Az. 150, Dip -85
6.00 meters @ 0.50 g/t Au and 365.7 g/t Ag New Vein Zone?
Including 2.00 meters @ 1.04 g/t Au and 898.0 g/t Ag Ixtaca North Zone?
Hole TU-16-492  SECTION 10+750 EAST Az. 330, Dip -30
3.00 meters @ 0.19 g/t Au and 132.0 g/t Ag New Vein Zone?

The mineralisation reported today confirms the presence of additional important zones of veining immediately adjacent to the Ixtaca Zone and points to the exploration potential of the project in general. The Ixtaca Zone was discovered in 2010 beneath a large area of largely barren clay alteration which has been confirmed subsequently to represent the upper portions of a gold and silver bearing epithermal vein system. Since the discovery Almaden has focussed its efforts on the development of the Ixtaca Zone, however today's results clearly show the potential for additional mineralisation, not only proximal to the deposit, but more broadly project wide beneath the high level clay alteration.

Earlier in 2016 the Company released a positive Preliminary Economic Assessment ("PEA") on the Ixtaca deposit (see news release dated January 22, 2016). Approximately 97% of the mineral resources incorporated into the updated PEA mine plan were in the Measured and Indicated categories.

J.D. Poliquin, chairman of Almaden stated, "Today's results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, this exploration drilling demonstrates additional resource potential both laterally and, because we are at the top of a fully preserved epithermal system, future exploration drilling will also test for feeder veins beneath the Ixtaca sheeted vein zone."

Source: http://www.almadenminerals.com/

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