Almadex Intersects 100.47 Metres of 0.44 g/t Au and 0.15% Cu Including 34.47 Metres of 0.73 g/t Au and 0.20% Cu at the Encinal Zone, El Cobre Project, Mexico

Azucar Minerals Ltd.

VANCOUVER, BC--(Marketwired - June 29, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce it has received assay results from the top of hole EC-17-025, which was collared into newly recognised area of exposed stockwork quartz veining and gold mineralisation in the Encinal Zone of the project. The Encinal Zone is located roughly 3.5 kilometres to the south-southeast of the Norte Zone drilling and 2.5 kilometers southeast of the recently identified Raya Tembrillo Zone of stockwork veining. To date assays have been received to a depth 300.36 meters with assays pending for the remainder of the hole. Significant mineralisation was intersected from the collar. Highlights from the assays received to date include the following intercepts which are also shown on the attached plan and section: