Almadex Minerals Ltd. follow up its press release of April 16, 2024 with updates regarding three more of the fourteen prospects it has staked since early 2023 in the U.S. These three prospects are located in central Nevada and Colorado, USA, and are prospective for high sulphidation gold and porphyry copper-gold deposits. The Company is planning initial work programs designed to rapidly provide the exploration dataset to evaluate whether these targets merit drilling in the summer field season of 2024. The Company has only conducted preliminary exploration mapping and sampling to date.

RR, Nevada: The RR Prospect covers an area of hydrothermal alteration developed in volcanic rocks adjacent to carbonate rocks. Alteration mapping at RR has identified a large alteration zone interpreted to be a porphyry lithocap extending 2.8 km NW-SE and by at least 1 km NE-SW. Mapping also defined a very strong surface pyrophyllite footprint of 1 km (NW-SE) by 0.5 km (NE-SW).

Preliminary rock sampling returned high values for pathfinder trace elements typically associated with the lithocap alteration identified. The Company has recently completed a soil sampling survey at the prospect for which analytical results are pending. Pilot, Nevada: The Pilot prospect in central Nevada covers an area of hydrothermal alteration developed in syn mineral intrusive rocks and sedimentary country rock.

Phyllic alteration has been mapped and is characterised by white mica and pyrophyllite alteration. Recent field mapping has also identified several outcrops with evidence of porphyry-style veining. This includes veining interpreted to represent early magnetite, A type, syntaxial B veins and late stage D type quartz-sericite-pyrite veining.

A large mapping, rock sampling and grid-based soil sampling program is planned in order to define targets for drilling. KT, Colorado: The KT Prospect located in Colorado covers an area of intense hydrothermal alteration developed in volcanic rocks cropping out as windows through post mineral basaltic flows. Preliminary mapping has identified silicification and quartz-alunite alteration over a roughly 3 by 3 km area.

The Company plans follow-up geologic and alteration mapping along with geochemical soil sampling to help direct any further exploration programs.