Almaden Minerals Ltd. (TSX: AMM) (OTCQB: AAUAF) is pleased to announce that it has entered into a definitive agreement to sell certain assets comprising the Rock Creek Mill to Metals Exploration PLC (LSE AIM: MTL) for a purchase price of US$9,700,000. The Rock Creek Mill is located in Nome, Alaska.

Closing of the transaction is subject to certain conditions, including completion by the Purchaser of a final inspection, and is expected to occur on or prior to August 31, 2025. The Purchase Price shall be payable in certain instalments as follows:

• US$2,000,000 is due within 14 days of the execution of the Agreement.
• US$3,000,000 shall be paid upon verification of transport scheduling (expected to take place on or around March 31, 2025).
• US$2,000,000 shall be paid following the final inspection (expected to take place on or around April 30, 2025).
• US$2,700,000 shall be paid when the assets are prepared for shipment (expected to take place on or around August 31, 2025), subject to adjustment based on the final inspection.

15% of the Purchase Price shall by payable as a commission by Almaden to an equipment sales broker.

On behalf of the Board of Directors,

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