Almaden Minerals Ltd

Almaden Minerals Ltd. owns 100% of the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit, which was discovered by Almaden in 2010.The Ixtaca Deposit currently hosts an N.I. 43-101 compliant Measured and Indicated resource of approximately 93 million tonnes grading 0.55 g/t Au and 32 g/t Ag, for a total of 1.65M ounces of gold and 96.7M ounces of silver. Metallurgical recoveries for both gold and silver are forecast to be in the range of 90%.In April 2016, Almaden filed an amended Preliminary Economic Assessment (PEA) of the Ixtaca deposit, which estimates an economically robust project generating an after-tax IRR of 30% using US$1150/oz gold and US$16/oz silver prices. The project would produce a total of 724,000 ounces of gold and 49 million ounces of silver over a 13 year mine life.