Almadex starts scout drill program at New Hope

Mr. Duane Poliquin reports ALMADEX COMMENCES DIAMOND DRILLING AT THE NEW HOPE COPPER PORPHYRY PROJECT, ARIZONA, USA AND GRANTS STOCK OPTIONS Almadex Minerals Ltd. has started a scout exploration drill program at the company's wholly owned New Hope copper-gold porphyry prospect in Arizona. The initial hole of the program is not expected to be completed before the Christmas break. Further drilling plans will be made based on the geological observations made in the first hole upon completion in the New Year. J. Duane Poliquin, chairman of Almadex, commented: "We are excited to be drill testing the porphyry target we have defined at New Hope using combined target vectoring technics such as alteration and geological mapping, fluid inclusion petrography, geochemistry, and geophysics. We look forward to reporting progress in the New Year." The company also announces that, pursuant to its stock option plan, it has granted stock options to a director of the company to purchase an aggregate 350,000 common shares in the capital of the company at an exercise price of 47 cents per share expiring on Dec. 12, 2030. Qualified person Morgan J. Poliquin, PhD, PEng, the president and chief executive officer of Almadex, and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical contents of this news release. About Almadex Minerals Ltd. Almadex Minerals is an exploration company that holds a large mineral portfolio consisting of projects and NSR (net smelter return) royalties in Canada, the United States and Mexico. This portfolio is the direct result of many years of prospecting and deal making by Almadex's management team. The company owns several portable diamond drill rigs, enabling it to conduct cost-effective first-pass exploration drilling in-house. We seek Safe Harbor.