Almadex Intersects Enriched Copper at Raya Tembrillo (Villa Rica) Cuts 94.00 M of 1.36% Copper and 0.07 G/T Gold Including 43.00 M of 2.45% Copper and 0.09 G/T Gold

Azucar Minerals Ltd.

VANCOUVER, BC--(Marketwired - December 13, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQX: AXDDF) is pleased to announce it has received assay results from holes EC-17-036 and 041 from the Raya Tembrillo area which is the very northern part of the large Villa Rica Zone of the El Cobre property. This area is located approximately two kilometers south of the Norte Zone where since 2016 most of our drilling on the El Cobre property has been focussed. The holes reported today were drilled from the same pad as holes EC-17-037, 038 and 039 but at different azimuth and dips. Both holes intersected a chalcocite dominant enriched copper zone right from surface as well as hypogene mineralisation at depth. At this time the extent and orientation of both the hypogene and enriched mineralisation are not understood. Further drilling in the area is currently underway. Highlights include the following intercepts all of which are also shown on the attached plan and section: