Almaden Minerals Ltd. report positive results of the independent Feasibility Study (the ‘Study’) prepared in accordance with National Instrument 43-101 (‘NI 43-101’) for its 100% owned Ixtaca precious metals deposit, located in Puebla State, Mexico. The Study and resulting mine plan incorporate significant changes from an earlier Pre-Feasibility Study published by the Company including filtered (dry stack) tailings, ore sorting, increased throughput and an improved mine schedule. Collectively the changes result in a reduced project footprint and improved economics. Highlights: Average annual production of 108,500 ounces gold and 7.06 million ounces silver (203,000 gold equivalent ounces, or 15.2 million silver equivalent ounces) over first 6 years; after-tax IRR of 42% and after-tax payback period of 1.9 years; after-tax NPV of $310 million at a 5% discount rate; initial Capital of $174 million; Conventional open pit mining with a Proven and Probable Mineral Reserve of 1.39 million ounces of gold and 85.2 million ounces of silver; Pre-concentration uses ore sorting to produce a total of 48 million tonnes of mill feed averaging 0.77 g/t gold and 47.9 g/t silver (2.03 g/t gold equivalent over first 6 years, 1.41 g/t gold equivalent over life of mine); Average LOM annual production of 90,800 ounces gold and 6.14 million ounces silver (173,000 gold equivalent ounces, or 12.9 million silver equivalent ounces); Operating cost $716 per gold equivalent ounce, or $9.55 per silver equivalent ounce; All-in Sustaining Costs (‘AISC’), including operating costs, sustaining capital, expansion capital, private and public royalties, refining and transport of $850 per gold equivalent ounce, or $11.30 per silver equivalent ounce. Elimination of tailings dam by using filtered tailings significantly reduces the project footprint and water usage.