Almaden Files Amended Technical Report

VANCOUVER, BC—(Marketwired – April 13, 2016) –  Almaden Minerals Ltd. (“Almaden” or the “Company”) (TSX: AMM) (NYSE MKT: AAU) announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure. The review identified filing and disclosure issues with the technical report titled, NI 43–101 Technical Report Preliminary Economic Assessment of the Ixtaca Project, Mexico (“the Report”) filed on January 22nd, 2016. The Company has amended the report accordingly, which has now been refiled on SEDAR as an amended report (the “Amended Report”). The Company wishes to clarify that the amendments are not material changes and the Report's data, inputs, interpretation, conclusions and results all remain unchanged. The items amended according to NI 43–101 are listed below in order of appearance in the original report.

  • The Report was amended to correctly reference the previously issued PEA which should have been referred to as the “Amended PEA Report dated November 6, 2015″ not the “09 October 2014″ PEA.
  • The Amended Report removes reference to production scenarios contemplated in previous PEA reports such as the Amended PEA Report dated November 6, 2015.
  • The Amended Report provides additional information on sampling protocols and the compositing methodology.
  • The Amended Report provides additional details on the water balance.

The independent qualified persons responsible for preparing the Amended Report are; Jesse Aarsen, P.Eng. and Tracey Meintjes, P.Eng. of Moose Mountain Technical Services, Ken Embree, P.Eng. of Knight Piesold Ltd., Kris Raffle, P.Geo. of APEX Geoscience Ltd., and Gary Giroux, M.A.Sc., P.Eng. of Giroux Consultants Ltd., all of whom act as independent consultants to the Company, are Qualified Persons as defined by National Instrument 43–101 (“NI 43–101″) and have reviewed and approved the contents of this news release.

About Almaden

Almaden owns 100% of the Tuligtic project in Puebla State, Mexico, subject to a 2% NSR royalty held by Almadex Minerals Limited. Tuligtic covers the Ixtaca gold/silver deposit, which was discovered by Almaden in 2010. The Ixtaca deposit is located in a developed part of Mexico in Puebla State, the location of significant manufacturing investments including Volkswagen and Audi plants. The project is accessed by paved road and is roughly 20 kilometres from an industrial park with rail service where significant manufacturers such as Kimberly Clarke have facilities. Any potential mining operation at Ixtaca would be located in an area previously logged or cleared with negligible to no current land usage.

On Behalf of the Board of Directors

“Morgan Poliquin”

Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almaden Minerals Ltd.

Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have reviewed or accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management.. Except for the statements of historical fact contained herein, certain information presented constitutes “forward–looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Such forward–looking statements, including but not limited to, those with respect to estimated project capital and other project costs involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Almaden to be materially different from any future results, performance or achievements expressed or implied by such forward–looking statements. Such factors include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, environmental risks and hazards, increased infrastructure and/or operating costs, labour and employment matters, and government regulation and permitting requirements as well as those factors discussed in the section entitled “Risk Factors” in Almaden's Annual Information form and Almaden's latest Form 20–F on file with the United States Securities and Exchange Commission in Washington, D.C. Although Almaden has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Almaden disclaims any intention or obligation to update or revise any forward–looking statements, whether as a result of new information, future events or otherwise, other than as required pursuant to applicable securities laws. Accordingly, readers should not place undue reliance on forward–looking statements.

Major Outfitting and Transition Milestone Achieved at New Carl R. Darnall Army Medical Center

FORT HOOD, TX—(Marketwired – April 13, 2016) – Walsh Healthcare Logistics, operating as Military Healthcare Outfitting and Transition (MilHOT), celebrated a major milestone earlier this month with the opening of the new Carl R. Darnall Army Medical Center (CRDAMC) located in Fort Hood, Texas. MilHOT was responsible for all aspects of the Initial Outfitting and Transition Planning (IO&T) process, including the planning, procurement, warehousing, delivery and installation of 30,000 new pieces of furniture, furnishing and medical equipment. MilHOT administered training for all installed equipment and provided world class transition management services to relocate the staff, patients and equipment into the new hospital.

In 2012, the U.S. Army Corps of Engineers (USACE) awarded MilHOT the $90 million IO&T services contract. MilHOT joined forces with the Project Delivery Team on–site to ensure that the quality of care to CRDAMC's patients and operations would not be interrupted during any phase of the process.

Originally built in 1965 as the Darnall Army Community Hospital, replacing a World War II era hospital, the facility was named in honor of Brig. Gen. Carl Rogers Darnall, MD. The hospital supports more than 42,000 active duty personnel, along with more than 145,000 family members and retirees within a 40–mile radius. The new hospital is roughly twice the size of the old one, rising six stories and nearly one million square feet.

“We are proud of the partnership formed with CRDAMC, Health Facility Planning Agency and the U.S. Army Engineering and Support Center, Huntsville that delivered this hospital to the Ft. Hood community. We consider it an honor to provide our services to the facilities that care for and enhance the lives of those that protect our freedom,” Drew Peterson, Program Manager with MilHOT/Walsh Healthcare Logistics stated.

Walsh Healthcare Logistics is composed of Walsh Construction Company II, LLC as managing partner, Logistics Management Institute and Genesis Planning, LLC. Walsh Healthcare Logistics specializes in turnkey services, ranging from planning interior design and equipment, to purchasing furniture and fixtures, to planning and executing relocations and training.

Walsh Construction Company II, LLC is part of a 118–year old family–owned provider of construction services that includes design, build, finance, operation and outfitting. The company operates across 19 regional offices, and is ranked as the 5th largest healthcare general contractor by Modern Healthcare.

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