Almadex Hits 227.00 meters of 0.57 g/t Gold and 0.25% Copper Including 74.80 meters of 0.65 g/t Gold and 0.32% Copper and 96.00 meters of 0.76 g/t Gold and 0.28% Copper in Hole EC-17-020 at the Norte Zone

VANCOUVER, BC--(Marketwired - May 24, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce it has received assay results from holes EC-17-019 and EC-17-020 of the 2017 El Norte drilling program. EC-17-020 was drilled at an azimuth of 330 from a new pad, located about 400 meters to the southwest from pad EC-16-017. Hole EC-17-019 was drilled from the same pad as hole EC-16-017 but to the north into a new area and also at azimuth 330 degrees. Both holes were designed to be on the same section as the previously announced EC-16-017 in order to better define the geology in this area. Hole EC-17-019 terminated due to bad drilling conditions at 295.90 metres depth in intensely phyllic altered rock and had no significant intervals to report. Hole EC-17-020, like hole EC-16-017, intersected significant mineralisation from the collar. Hole EC-17-020 helps define the mineralised zone as a vertical body in this area with a width of around 300 meters. Highlights from hole EC-17-020 include the following intercepts which are also shown on the attached plan and section: