Almadex Reports 14.0 Meters of 1.57 g/t Au From Channel Sampling in the Villa Rica Zone, El Cobre Project, Mexico

Azucar Minerals Ltd.

VANCOUVER, BC--(Marketwired - April 10, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce it has received assay results from channel samples taken in the newly discovered Raya Tembrillo area of outcropping porphyry gold-copper mineralisation within the Villa Rica target zone which has never been drilled. This area of mineralisation is located roughly 2 kilometres south of the Norte Zone where the company currently is drilling with two rigs. Eight channels were taken over a roughly 90 by 50 metre area along outcrop exposures, in the general area where initial grab sample results were recently reported (see Almadex news release of March 19th, 2017). The exposed mineralisation is oxidised so any copper that had been present has likely been removed through the weathering process. The mineralisation is comprised of quartz stockwork zones developed in a diorite. Photos of the mineralisation are appended to this release along with a map of the sample locations and results. The sampling returned the following results: